Celo, a notable Layer-1 blockchain, has recently garnered attention due to its plan to transition to an Ethereum Layer-2 network as part of Optimism’s Superchain ecosystem. However, the announcement has created ripples of concern, evident from a 5% decline in its native token, CELO, following uncertainty around the migration. This shift aims to leverage Ethereum’s
Exchanges
The cryptocurrency exchange FTX, which imploded under a veil of mismanagement and financial misconduct in late 2022, is working diligently to restore order and distribute funds to its millions of affected customers and creditors. With a Chapter 11 Plan of Reorganization on the horizon, FTX aims to streamline this daunting process and ensure a fair
In a significant development for cybersecurity and cryptocurrency regulations, South Korean authorities have successfully traced and recovered 4.8 Bitcoin (BTC) that was linked to the notorious hacking of the Upbit exchange in 2019. The hack, attributed to North Korean operatives, specifically involved the theft of 342,000 Ethereum (ETH), a staggering incident that not only highlighted
On December 19, Coinbase will officially cease trading Wrapped Bitcoin (WBTC) on its platform, a decision that has sparked conversation within the cryptocurrency community. This action stems from the token’s perceived inability to meet Coinbase’s listing requirements, as outlined in their November 19 announcement. Although users will retain the ability to withdraw their holdings post-delisting,
On November 18, Binance made headlines with the unveiling of BFUSD, a yield-generating stablecoin tailored for futures and perpetual contracts traders. This new form of digital currency is positioned to provide an attractive annual percentage yield (APY) of around 19.55%, enabling users to accumulate rewards daily simply by holding BFUSD in their Binance futures accounts.
In a significant move reflecting the evolving dynamics of the cryptocurrency sector, President-elect Donald Trump’s media enterprise, the Trump Media and Technology Group (TMTG), is reportedly engaged in negotiations to purchase Bakkt, a prominent player in the crypto trading realm operated by the Intercontinental Exchange (ICE). This potential acquisition underscores TMTG’s ambition to diversify and
In the rapidly evolving world of cryptocurrencies, regulatory oversight has become increasingly important. South Korea, a nation at the forefront of digital currency adoption, is facing a critical situation concerning Upbit, its largest cryptocurrency exchange. Recent investigations led by the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) have uncovered significant violations of
In a significant turn of events, the Delhi Police have made headway in the investigation surrounding the alarming $235 million breach of the popular cryptocurrency exchange WazirX. The arrest of SK Masud Alam, who allegedly orchestrated a scam under the pseudonym “Souvik Mondal,” marks a pivotal moment. Local reports suggest that Alam created counterfeit accounts
In a striking display of market fluidity, Binance has reported a staggering influx of over $7 billion following the recent US elections held on November 5. Early analysis suggests that this surge correlates closely with recent events in the political arena, including the victory of former President Donald Trump. Notably, this figure dwarfs that of
The recent listing of Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), on Binance has sparked significant discussions within the cryptocurrency community. With Binance being the largest crypto exchange globally in terms of trading volume, its decisions carry substantial weight. The sudden listing of these low-market-cap tokens on November 11 raised eyebrows