In a groundbreaking move for financial inclusivity, Bybit, a prominent cryptocurrency exchange, recently unveiled its Islamic Crypto Account, designed specifically for its Muslim clientele. As announced by Bybit’s CEO Ben Zhou on September 24, this initiative represents a significant development in bridging the gap between Islamic finance principles and the modern digital asset trading landscape.
Exchanges
In a significant development for the cryptocurrency sector, Binance has triumphantly announced that its trading volume has exceeded an astonishing $100 trillion since its inception in 2017. This landmark achievement was highlighted by CEO Richard Teng in a recent communication through the social media platform X on September 24, showcasing the exchange’s undeniable dominance in
In the ever-evolving landscape of cryptocurrency, innovation is critical for survival and growth. Ethena Labs, the brains behind the synthetic dollar USDe, has taken a proactive step by proposing the launch of a decentralized exchange (DEX) named Ethereal. This initiative aims to enhance the utility and adoption of USDe amidst growing competitive pressures in the
Bithumb, recognized as South Korea’s second-largest cryptocurrency exchange, is embarking on an ambitious journey toward a public listing in the United States. During a shareholders meeting on September 30, reports surfaced detailing the exchange’s aspirations for a Nasdaq listing slated for the latter half of 2025. This pivotal decision signals a significant shift in Bithumb’s
Kraken, a prominent cryptocurrency exchange, has made a significant announcement regarding its support for Monero (XMR) within the European Economic Area (EEA). As of October 1, the exchange revealed that it will cease support for XMR by the end of October 2024. This move reflects the increasing scrutiny and regulatory challenges facing cryptocurrencies, particularly privacy-focused
In a surprising turn of events, Gemini, one of the prominent cryptocurrency exchanges, has announced its decision to wind down operations in Canada by the end of 2024. This decision was communicated to users via an email dated September 30, indicating that Gemini accounts will be closed effective December 31, 2024, with only limited exceptions.
The collapse of the cryptocurrency exchange FTX has had far-reaching impacts on the financial landscape and the individuals involved. Once a titan in the cryptocurrency realm, FTX was celebrated for its ambitious advertising campaigns and unprecedented growth. However, its meteoric rise crumbled due to allegations of fraud, mismanagement, and unethical practices led by its founder,
In July, WazirX, one of India’s leading cryptocurrency exchanges, found itself grappling with the aftermath of a staggering $230 million hack. This incident sent shockwaves through the crypto community, leaving users worried about the safety of their investments and prompting the exchange to seek immediate solutions. In a desperate attempt to stabilize its operations, WazirX
Cryptocurrencies have surged in popularity over the last decade, evolving from exclusive digital tokens into a mainstay of modern finance. With this rapid growth, numerous platforms have emerged to facilitate the buying, selling, and trading of these digital assets. However, selecting the right platform is crucial for ensuring a positive trading experience. BestChange has positioned
In recent years, the United Arab Emirates (UAE) has emerged as a significant player in the global cryptocurrency sector, exhibiting remarkable growth across varying transaction sizes. As detailed in a recent report by Chainalysis, the UAE is not just participating in the crypto trend; it is distinctly surging ahead in both retail and institutional investments,