In a notable development within Japan’s cryptocurrency market, SBI VC Trade, a subsidiary of the well-established SBI Holdings, has solidified its presence through new collaborations with DMM Bitcoin and Metaplanet. SBI Holdings stands as a titan in the financial sector, boasting a robust asset portfolio of over $190 billion as of March 2024. With a
Exchanges
The Solana blockchain community has recently expressed serious concerns regarding transaction delays experienced on the Coinbase platform. Users on social media platform X shared troubling screenshots that indicated transactions were taking as long as 45 minutes to process. This level of delay is not only frustrating for users but also starkly contrasts with the more
The cryptocurrency exchange Binance is facing serious allegations following the dismissal of Amrita Srivastava, a former senior executive who has publicly accused the company of retaliatory termination after she raised ethical concerns. Srivastava, who previously held a prominent role in fintech at Mastercard, claimed that she was fired only a month after reporting a colleague’s
Celo, a notable player in the Layer-1 blockchain space, is currently grappling with significant turbulence surrounding its planned shift to an Ethereum Layer-2 network within the Optimism Superchain ecosystem. This transition, originally seen as a strategic move toward scalability and enhanced usability, has become a contentious topic, leading to a 5% decline in the value
After a tumultuous period marked by financial upheaval, FTX and its affiliated entities have announced a clear timeline for implementing their Chapter 11 Plan of Reorganization, aiming for completion by January 2025. This structured approach signifies a pivotal moment for creditors and affected customers who have been waiting for resolution since the company’s collapse in
In a significant victory against cryptocurrency cybercrime, South Korean authorities announced the recovery of 4.8 Bitcoin (BTC) linked to the notorious 2019 hack of the Upbit exchange. This event, reported on November 21 by Yonhap News, marks a crucial moment in the country’s effort to combat cyber-related theft, especially those orchestrated by foreign actors. The
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,
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