Ethena Labs, the innovative force behind the synthetic dollar known as USDe, is currently in the process of considering a significant new venture: the introduction of a decentralized exchange (DEX) named Ethereal. This proposal was made public on September 30 by community advocate Fells0x and aims to enhance USDe’s growth in a competitive cryptocurrency marketplace.
Exchanges
Bithumb, recognized as South Korea’s second-largest cryptocurrency exchange, is embarking on an ambitious journey to potentially list on the Nasdaq by the latter half of 2025. This decision, revealed during a shareholders meeting on September 30, highlights the exchange’s desire to capitalize on the burgeoning global interest in cryptocurrency markets. To facilitate this initial public
In a significant announcement on October 1, 2023, Kraken revealed its decision to discontinue support for Monero (XMR) in the European Economic Area (EEA) by the end of October 2024. The exchange cited recent regulatory changes in the region as the driving force behind this decision. Effective October 31, 2024, at 15:00 PM UTC, all
In a surprising announcement on September 30, 2023, Gemini, a notable cryptocurrency exchange, revealed its decision to close operations in Canada by the end of 2024. Customers received this news via an email outlining that all Gemini accounts in the country would be closed, underscoring the need for users to withdraw their assets within a
The world of cryptocurrency has experienced its own version of chaos and drama with the notorious collapse of FTX, once celebrated as a leading exchange in the digital currency market. At the heart of this financial debacle lies Caroline Ellison, the former CEO of Alameda Research and a vital figure in what was, until recently,
In July, the Indian cryptocurrency exchange WazirX found itself in the eye of a financial storm when it became the target of a staggering $230 million hack. Since that fateful day, WazirX has been diligently working to regain lost assets while trying to maintain user confidence in its platform. The exchange requested a six-month moratorium
As cryptocurrency continues to gain traction among investors and everyday users alike, the number of platforms available for buying and selling these digital assets has exploded. With this growth comes a pressing need for comprehensive and user-friendly exchange platforms. In this crowded marketplace, selecting the right exchange can significantly impact your trading experience and investment
In July, the cryptocurrency exchange WazirX fell victim to a staggering breach that saw $230 million siphoned off by a hacker. This incident not only compromised the financial integrity of the platform but also raised significant alarms about the security measures in place across cryptocurrency exchanges. With over 45% of WazirX’s reserves affected, the impact
The landscape of cryptocurrency adoption has shown a myriad of trends globally, with varying levels of enthusiasm and engagement among countries. However, a focused examination of the United Arab Emirates (UAE) reveals it to be a remarkable outlier. According to a recent analysis by Chainalysis, the UAE has exhibited significant growth across all transaction size
As the cryptocurrency market continues to expand and mature, traditional financial institutions are increasingly recognizing the potential of digital assets. One noteworthy development is BNY Mellon’s recent efforts to carve out a niche in the crypto custody market, particularly focusing on Bitcoin and Ethereum exchange-traded funds (ETFs). On September 24, Bloomberg News reported that the