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
Exchanges
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
In an unprecedented turn of events, Mt. Gox, the infamous cryptocurrency exchange that collapsed in 2014, has made headlines once more by transferring over $2 billion in Bitcoin to newly created wallets. According to Arkham Intelligence, the transaction, which took place on November 4 at 23:38 UTC, involved the movement of 30,371 BTC to an
On November 4, OSL Group Limited announced a highly strategic move through its Japanese subsidiary, OSL Investment (Japan) Limited, by signing a share purchase agreement to acquire a dominant 81.38% stake in the local cryptocurrency exchange, CoinBest K.K. This acquisition reflects OSL’s commitment to deepening its presence in a burgeoning market that boasts over five
The recent dispute among prominent figures in the cryptocurrency sector has shed light on the often murky waters of asset listing fees on major trading platforms. At the center of this controversy are Justin Sun, the founder of the Tron Network, and Andre Cronje, co-founder of Sonic Labs. Their criticisms target Brian Armstrong, CEO of
In a stark reminder of the vulnerabilities within the cryptocurrency sector, M2, a prominent exchange based in the UAE, reported a severe security breach that led to the loss of $13.7 million in digital assets. This incident, occurring in the early hours of October 31, raised significant alarm bells about the integrity of exchanges in
In a significant stride towards enhancing blockchain interoperability, Kraken has signed a monumental agreement with the Optimism Foundation involving a deal worth $25 million in OP tokens. This partnership aims to integrate Kraken’s newly announced layer-2 (L2) solution, known as Ink, into the expanding Superchain ecosystem. The valuation of this agreement translates to approximately $43
A recent analysis conducted by Animoca Research brings to light the disheartening reality surrounding cryptocurrency tokens listed on five leading exchanges between January and September. The findings indicate a substantial downturn in token performance, with median losses oscillating between 40% to 70%. The study encompassed a detailed examination of 773 token listings across Binance, Bitget,
In a strategic move to enhance the overall user experience on its platform, Binance is leveraging the power of Amazon Web Services (AWS) along with its generative AI tools. This partnership is designed to simplify user onboarding processes, bolster customer support, and refine internal systems for automated diagnostics and troubleshooting. As one of the foremost