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
Exchanges
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
In the aftermath of FTX’s catastrophic collapse in November 2022, following allegations of financial misconduct and mismanagement, the exchange has been laboriously navigating the complexities of bankruptcy proceedings. Under the ex-CEO Sam Bankman-Fried’s leadership, FTX morphed from a leading cryptocurrency exchange to a cautionary tale, resulting in significant consequences for investors and creditors alike. The
The recent sentencing of Nishad Singh, the former engineering director of the infamous cryptocurrency exchange FTX, has brought renewed attention to one of the most significant financial scandals in American history. On October 30, Singh received a sentence of time served alongside three years of supervised release after pleading guilty to multiple felony charges earlier
On October 30, 2023, Kraken, a prominent player in the cryptocurrency exchange scene, announced a significant round of layoffs attributed to “organizational changes.” This decision comes in the wake of an ongoing restructuring aimed at streamlining operations and refocusing the company’s strategic objectives. The appointment of Arjun Sethi, the co-founder of Tribe Capital, as co-CEO