In a recent announcement, Coinbase CEO Brian Armstrong addressed the significant frustration among users due to prolonged transaction delays on the Solana network. This issue has become increasingly pressing as users experienced significant transaction setbacks, with some waiting for over 21 hours. Armstrong took to the platform X to communicate that the backlog has been
Exchanges
Recent developments have ignited discussions in the cryptocurrency community regarding the potential launch of futures contracts for Solana (SOL) and XRP by CME Group. On January 22, an individual on social media, known as Summers, shared a screenshot of what was claimed to be a testing page from CME, indicating a possible pre-launch on February
The ongoing legal tussle between Coinbase and BiT Global unveils a wider discourse on the responsibilities and regulatory frameworks that govern cryptocurrency exchanges. Coinbase, one of the world’s leading digital asset platforms, recently filed a motion to dismiss a lawsuit from BiT Global, which contested the firm’s decision to delist Wrapped Bitcoin (wBTC). BiT Global,
In recent years, the landscape of cross-border money transfers has undergone a significant transformation, largely driven by the advent of cryptocurrencies. Binance, the world’s leading crypto exchange by trading volume, has positioned itself at the forefront of this revolution. Between 2022 and 2024, Binance users executed approximately $26 billion in peer-to-peer remittances, effectively saving an
On January 16, Coinbase made headlines with its announcement of a partnership with the decentralized money market platform Morpho. This alliance aims to provide a new lending solution where users can secure USDC loans backed by Bitcoin. What sets this offering apart is its utilization of the layer-2 blockchain, Base, to process these transactions efficiently.
In a noteworthy development, the US government has mandated the return of 94,000 Bitcoin (BTC) linked to the notorious 2016 Bitfinex hack, marking a significant moment in the realm of cryptocurrency exchanges and legal restitution. The ruling posits that Bitfinex is the sole victim in this convoluted case, which has its roots entrenched in a
On January 15, the United States Department of Justice (DOJ) announced a significant financial sanction against BitMEX and its parent company, HDR Global Trading Limited, totaling $100 million. This fine stems from violations of the Bank Secrecy Act (BSA), a blow to a firm that has been under intense regulatory scrutiny for several years. The
HashKey Group, a prominent player in the digital asset sector based in Asia, is making significant strides in its expansion efforts within the Middle East and North Africa (MENA) region. In a formal announcement made on January 13, the organization revealed that it has received provisional approval for a Virtual Asset Service Provider (VASP) license
The emergence of decentralized platforms for prediction markets has been a double-edged sword, combining the thrills of gambling with the analytical aspects of forecasting real-world events. Among such platforms, Polymarket has become the focal point of a heated discussion, primarily due to its controversial betting markets surrounding natural disasters, particularly the wildfires ravaging California. The
The implosion of the FTX exchange has created a complex and convoluted legal landscape, particularly concerning its European subsidiary, FTX EU. Initially heralded as a promising player in the cryptocurrency space, FTX faced a catastrophic collapse that led to bankruptcy proceedings. As part of these proceedings, FTX attempted to offload its European operations to a