In an unexpected move that serves both as a warning and a glimmer of hope, the Alabama Securities Commission has officially withdrawn its legal action against Coinbase, a leading cryptocurrency exchange. This decision marks a significant reduction in ongoing state-level legal disputes, collapsing the number of active lawsuits from ten down to five. However, before
Exchanges
Coinbase has taken a significant step in enhancing user autonomy with the introduction of its self-service asset recovery tool for lost SPL tokens on Solana. This development is not just another feature; it embodies a paradigm shift in a sector often plagued by confusion and frustration, particularly concerning the management of unsupported tokens. The evolution
The ongoing fallout from the Bybit hack is a stark reminder of the vulnerabilities within the crypto landscape. In a shocking revelation, Bybit CEO Ben Zhou disclosed that a staggering $400 million of the $1.4 billion in stolen Ethereum has become nearly impossible to trace. This situation escalates concerns over the effectiveness of current measures
Vietnam’s foray into establishing a pilot crypto trading platform, supported by technical collaboration from Bybit, marks a critical turning point in its financial landscape. With Finance Minister Ho Duc Phoc highlighting the risks of unregulated transactions, the undeniable importance of a robust legal framework comes to the forefront. Regulations are not merely a bureaucratic necessity;
In the digital asset space, where innovation meets unregulated enthusiasm, the recent saga surrounding the OM token has laid bare a dangerous vulnerability in how crypto markets are evaluated and reported. Allegations surfaced from “The Chopping Block” podcast, revealing that the Mantra team allegedly manipulated liquidity metrics in a way that is as clever as
In a move that has sent shockwaves across the cryptocurrency community, Bybit, a prominent global exchange, announced a sweeping discontinuation of several Web3 products and services, set to take place by the end of May 2025. This announcement, made on April 16, raises alarm bells for users who rely on these services to store and
On April 15, 2023, a significant disruption in Amazon Web Services (AWS) caused major ripples across the cryptocurrency world, highlighting the precarious balance many crypto platforms maintain with centralized infrastructure. Major exchanges like Binance and KuCoin were swiftly brought to their knees, temporarily halting withdrawals and triggering alarms over the dangers of reliance on centralized
On April 13, the OM token, a digital asset birthed from the Mantra blockchain, experienced a catastrophic downturn that saw its value plummet from approximately $6.30 to a harrowing low of less than $0.50 within the span of just one day. This staggering crash did not merely affect investors emotionally; it obliterated over $5 billion
Coinbase’s recent legal battle with the Federal Deposit Insurance Corporation (FDIC) exemplifies a profound struggle for transparency and accountability in the realm of digital assets. As the leading cryptocurrency exchange in the United States, Coinbase has taken a bold stance by filing an objection against the FDIC’s attempts to delay the release of critical documents
South Korea’s rigid one-bank-per-exchange policy is a relic of a bygone era, initially introduced to curb money laundering in the burgeoning crypto sector. However, as we dive deeper into the complexities of today’s financial landscape, it becomes increasingly clear that this outdated framework serves more as a hindrance than a protective measure. By restricting exchanges