In August 2016, Bitfinex, one of the largest cryptocurrency exchanges, fell victim to a monumental cyberattack that resulted in the theft of approximately 120,000 Bitcoin (BTC), valued at over $72 million at the time. This incident marked a pivotal moment in the cryptocurrency landscape, raising serious questions about security practices and the resilience of digital
Exchanges
On October 7, 2023, traders on the Bitget exchange faced a shocking turn of events when the platform’s native token, BGB, plummeted from $1.15 to $0.5344 in a matter of minutes. This abrupt drop stirred apprehension among investors and raised fundamental questions about the stability of the token and the exchange itself. During a mere
In 2023, the landscape for privacy tokens has become more tumultuous than ever, with nearly 60 tokens facing delistings from centralized exchanges, marking a historical high since 2021. According to a detailed report by Kaiko, privacy-centric cryptocurrencies such as Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash (ZEC) have been significantly
In a significant move for the cryptocurrency trading landscape, Bybit, one of the leading exchanges, has launched an Islamic crypto account tailored specifically for its Muslim clientele. This initiative represents a pioneering effort to align crypto trading with Islamic financial principles, addressing a long-overdue gap in the market. Announced on September 24, the account introduces
In a remarkable display of growth, Binance, the world-renowned cryptocurrency exchange, has recently achieved a staggering milestone: processing over $100 trillion in trades since its inception in 2017. This monumental achievement was disclosed by CEO Richard Teng in a post on the social media platform X, illustrating not just a numeric success but a significant
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.
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,