In a significant development in the cryptocurrency sector, Kraken, a prominent digital asset exchange, has announced its integration with EigenLayer, a notable Ethereum-based protocol. This partnership, disclosed on October 15, aims to democratize access to Ethereum (ETH) restaking, allowing users to earn additional rewards without navigating complicated technical barriers. Presently, this service is exclusively available
Exchanges
The ongoing legal troubles surrounding Tigran Gambaryan, a high-ranking executive of Binance, have drawn significant attention, raising questions about the Nigerian judicial system and the political climate affecting international businesses. A recent ruling from a Nigerian court has left Gambaryan in continued custody, igniting criticisms from Binance and concern from his family over his deteriorating
Arkham Intelligence is set to make waves in the cryptocurrency landscape with the anticipated launch of its own crypto derivatives exchange, slated for next month. As reported by Bloomberg News on October 11, this has generated significant interest, leading to a remarkable 12% increase in the value of its native token, ARKM. The token has
South Korea’s Financial Services Commission (FSC) is gearing up for a deep dive into Upbit, the country’s preeminent cryptocurrency trading platform. The investigation stems from growing concerns regarding Upbit’s substantial influence on the crypto market and its potential ramifications for the financial stability of associated institutions, particularly in light of its relationship with K Bank,
In recent developments concerning the notorious 2016 Bitfinex hack, a new filing by the U.S. government has shed light on the dynamics of restitution related to the theft of approximately 120,000 BTC. The findings suggest that Bitfinex itself may be the only entity eligible for restitution, positioning itself as the primary victim of this unprecedented
On October 7, 2023, Bitget exchange experienced a significant disruption in the trading of its native BGB token, which saw a dramatic decline from $1.15 to $0.5344 within a dizzying timeframe of just ten minutes. This sudden dip raised alarms among traders and investors, prompting the exchange to respond swiftly with a compensation plan aimed
The landscape of cryptocurrency is continually evolving, navigating between innovation and regulatory oversight. Privacy tokens, designed to enhance user anonymity and protect transaction details, have encountered significant challenges this year. A recent report from Kaiko has highlighted a record number of delistings of these tokens by centralized exchanges, drawing attention to the complex interplay between
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.
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