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
Exchanges
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
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