In a bold yet contentious move, Cronos is facing monumental backlash over its proposal to reinstate 70 billion CRO tokens that were previously burned in 2021. The early voting results are nothing short of damning, with 87% of participants decisively rejecting the notion of bringing these tokens back. This overwhelming opposition raises critical questions about
Exchanges
In a significant development for the cryptocurrency community and traders alike, the CME Group announced the pending launch of Solana (SOL) futures on March 17, contingent upon regulatory approval. This move comes amid increasing interest and demand for more sophisticated financial instruments tied to cryptocurrency markets. Nate Geraci, the CEO of The ETF Store, commented
In a notable move that highlights tensions within the cryptocurrency sector, South Korean firm Dunamu, which oversees Upbit—one of the nation’s foremost crypto exchanges—has initiated legal proceedings against the Financial Intelligence Unit (FIU). This legal development emerges amidst a broader crackdown on crypto-related infractions within South Korea, where regulatory bodies are becoming increasingly vigilant in
The cryptocurrency landscape has experienced significant upheaval in recent years, prompting a complex interplay between regulation and innovation. At the heart of this turmoil lies the legal battles facing many crypto exchanges, highlighted most recently by the statements from Cameron Winklevoss, co-founder of the Gemini cryptocurrency exchange. His remarks encapsulate a broader concern within the
In a shocking revelation for the cryptocurrency world, Bybit, a prominent digital asset exchange, announced that a massive $1.4 billion hack did not stem from a breach in its own infrastructure but was traced to a vulnerability on a Safe developer machine. This high-profile incident has drawn attention not only for the immense financial losses
In a striking move towards financial stability within the cryptocurrency sector, Bybit has successfully repaid a substantial loan of 40,000 Ethereum, valued at approximately $99.98 million, which it borrowed from Bitget amid a significant security breach. This incident, which resulted in a staggering $1.4 billion loss, shook the trust in digital asset exchanges, prompting wider
In a significant move that underscores the complexities of cryptocurrency regulation, OKX, a major cryptocurrency exchange, recently resolved a $500 million settlement with U.S. authorities. This decision was made public on February 24, following an admission by the company’s CEO, Star Xu, regarding prior compliance failures. Acknowledging these missteps, Xu emphasized the relatively minor representation
The European Union has escalated its response to the ongoing conflict in Ukraine with a series of sanctions designed to impede Russia’s financial operations. Among the notable actions taken is the sanctioning of Garantex, a cryptocurrency exchange based in Russia. Officially announced on February 24, this marks a significant moment in the EU’s strategy, as
Citadel Securities is embarking on a significant new journey into the world of cryptocurrency market making. According to a recent report by Bloomberg News, the firm is positioning itself to provide liquidity across well-known cryptocurrency platforms like Binance, Coinbase, and Crypto.com. This strategic move underscores a notable shift for Citadel, which has historically remained cautious
The cryptocurrency landscape is no stranger to chaos and financial controversy, but recent events surrounding OX.FUN, a derivatives exchange linked to the embattled Three Arrows Capital co-founders Su Zhu and Kyle Davies, have thrown the platform into a particularly turbulent spotlight. The exchange now faces significant backlash following serious allegations of financial misconduct, raising questions