On December 19, Coinbase will cease trading pairs for Wrapped Bitcoin (WBTC) on its exchange and Prime platforms, as announced on November 19. This significant decision stems from WBTC’s inability to comply with the exchange’s listing standards. However, Coinbase has assured users that they will still be able to withdraw their funds after this date,
Exchanges
On November 18, Binance, one of the leading cryptocurrency exchanges, unveiled its latest venture in the realm of stablecoins—BFUSD. This yield-bearing stablecoin is tailored specifically for traders engaged in futures and perpetual contracts, aiming to provide a competitive alternative in a rapidly evolving financial landscape. With an attractive annual percentage yield (APY) of about 19.55%,
The Trump Media and Technology Group (TMTG), a company birthed from the controversial tenure of President Donald Trump, has sparked a wave of excitement with its prospective acquisition of Bakkt, a cryptocurrency trading platform under the umbrella of the Intercontinental Exchange (ICE). This development marks a significant pivot for TMTG, demonstrating a clear intent to
The Korean cryptocurrency exchange, Upbit, is currently under scrutiny for serious violations of Know-Your-Customer (KYC) regulations. This concern comes to light following a routine review conducted by the Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission (FSC). Recent reports suggest that between 500,000 and 600,000 accounts may have fallen short of compliance, sparking
The $235 million breach of the cryptocurrency exchange WazirX has raised significant concerns within the crypto community, highlighting the vulnerabilities that can affect not just individual investors but the integrity of the entire digital currency ecosystem. As authorities unravel the complex details of how the breach occurred, the challenges faced by police investigators, along with
In the aftermath of the recent US elections, Binance has experienced unprecedented inflows of capital, surpassing an astonishing $7 billion according to a Nov. 12 report shared with CryptoSlate. This remarkable achievement followed the Nov. 5 victory of former President Donald Trump, which has likely intensified investor interest in digital assets. The competitive landscape saw
In recent months, the cryptocurrency market has been dramatically influenced by the rise of memecoins—tokens typically associated with humorous themes and cultural phenomena rather than technological innovation. Among these, two Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), emerged in the spotlight after their unexpected listings on Binance, the world’s largest cryptocurrency
In the ever-evolving landscape of cryptocurrency regulation, the appointment of new leadership at the Securities and Exchange Commission (SEC) could reshuffle the entire framework. Recent discussions have centered around the potential candidacy of Hester Peirce, known affectionately as “crypto mom,” to lead the SEC during a potential second term of President Donald Trump. Coinbase CEO
The cryptocurrency industry has experienced unprecedented growth, attracting millions of users and billions in investments. However, alongside this growth, vulnerabilities have emerged, notably in centralized exchanges. WazirX, one of India’s major cryptocurrency platforms, faced a significant security incident in July 2024, leading to the loss of $235 million due to a hacking event. This breach
The controversial collapse of the FTX cryptocurrency exchange continues to reverberate through the financial and legal landscapes. The exchange, now under bankruptcy proceedings, has launched a lawsuit against Ryan Salame, the former co-CEO of its Bahamian subsidiary. With claims of $98.8 million in cash and cryptocurrency at stake, FTX alleges that Salame played a key