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
Exchanges
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,
In July, the Indian cryptocurrency exchange WazirX found itself at the center of a staggering $230 million hack, a breach that has since exposed the vulnerabilities inherent in digital asset exchanges. Recent analyses by Arkham Intelligence indicate that the hacker is nearing the completion of laundering the stolen funds, with only $6 million in Ethereum
In an intriguing development within the financial services industry, BNY Mellon is positioning itself to be a formidable contender in the realm of cryptocurrency custody. This strategic pivot, particularly targeting Bitcoin and Ethereum exchange-traded funds (ETFs), follows the bank’s recent exemption from the SEC’s Staff Accounting Bulletin 121 (SAB 121). This newfound flexibility allows BNY
On September 24, Kraken announced its latest strategic decision to acquire Coin Meester (BCM), renowned as one of the Netherlands’ longest-standing registered cryptocurrency brokers. This acquisition signifies more than just a business transaction; it represents Kraken’s determination to fortify its position in the Dutch market and enhance its operational capacity across Europe. By obtaining Coin