The cryptocurrency market is witnessing an unprecedented surge of innovation, with a staggering influx of new tokens entering the ecosystem every week. As digital assets proliferate, traditional methods of evaluating and listing these tokens are becoming inadequate. Brian Armstrong, CEO of Coinbase, highlighted this pressing issue in a recent social media post, emphasizing the urgency
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In a recent announcement, Brian Armstrong, the CEO of Coinbase, took strides to reassure users about the ongoing issues with delayed Solana transactions. Amid rising frustration from users experiencing slow transaction processing, Armstrong communicated via the platform X that resolutions had been made, indicating that Solana transactions were back to normal. He acknowledged the severity
Recent social media buzz suggests that the CME Group is on the brink of launching futures contracts for popular cryptocurrencies Solana (SOL) and XRP. These reports, originating on January 22, have fueled speculation among market observers, despite the CME Group’s silence regarding the authenticity of the circulating images. This ambiguity has only heightened interest in
In a noticeable legal confrontation, cryptocurrency exchange Coinbase is at odds with BiT Global over the delisting of Wrapped Bitcoin (wBTC). This series of events unfolded after BiT Global filed a lawsuit against Coinbase, challenging its decision to remove wBTC from its offerings. Despite a prior failed attempt to block the delisting through a court
In a groundbreaking announcement, Binance, the world’s largest cryptocurrency exchange by trading volume, disclosed that its users have conducted an astonishing $26 billion in peer-to-peer remittances between 2022 and 2024. This figure translates to significant savings of $1.75 billion in remittance fees. The information was revealed by Binance’s CEO Richard Teng during the World Economic
On January 16, 2024, Coinbase, a leading cryptocurrency exchange, unveiled a significant collaboration with Morpho, a decentralized money market platform. This partnership aims to enable Coinbase users to secure loans in USD Coin (USDC) while using Bitcoin (BTC) as collateral. This move is indicative of the evolving landscape of decentralized finance (DeFi), where traditional financial
The 2016 Bitfinex hack marked a significant moment in the cryptocurrency world, resulting in the theft of almost 120,000 Bitcoin (BTC), valued at approximately $71 million at the time. The security breach not only inflicted financial damage on Bitfinex but also shook the confidence of its users. In response to the breach, Bitfinex had to
On January 15, the US Department of Justice (DOJ) made headlines by announcing a hefty $100 million fine against BitMEX and its parent company, HDR Global Trading Limited, highlighting significant breaches of the Bank Secrecy Act (BSA). Following an arduous legal saga that extended over several months, BitMEX finally entered a plea of guilty to
HashKey Group, a formidable player in the digital asset sector, has taken a significant step forward with its recent announcement regarding the in-principle approval for a Virtual Asset Service Provider (VASP) license granted by the Dubai Virtual Assets Regulatory Authority (VARA). This pivotal development, revealed on January 13, signifies not just a regulatory achievement but
The collapse of FTX, once a titan in the cryptocurrency exchange sector, sent shockwaves through the financial world. As the world learned of its bankruptcy, various measures were put in place to navigate the aftermath. A critical aspect of the unfolding saga involves the proposed sale of FTX’s European subsidiary, FTX EU, to a platform