The recent announcement regarding Backpack’s opening of the withdrawal window for former FTX EU customers brings mixed feelings. On one hand, it represents a glimmer of hope for those entangled in the chaotic aftermath of the FTX collapse. Yet, it cannot escape the palpable shadow cast by FTX’s infamous collapse, where trust was shattered, leaving
Exchanges
The recent stir surrounding President Donald Trump’s alleged connections to the cryptocurrency exchange Binance presents a disconcerting narrative that unveils more than just financial intrigue. A coalition of Democratic senators is making noise—from Senators Chris Van Hollen to Elizabeth Warren—seeking serious inquiries by the U.S. Treasury and Justice Department about Trump-affiliated digital assets and their
In the fast-paced world of cryptocurrency, strategic acquisitions can redefine landscape dynamics. Coinbase’s recent agreement to acquire Deribit for approximately $2.9 billion is not just another corporate maneuver; it represents a seismic shift in the crypto derivatives market. This acquisition stands as the largest in Coinbase’s history, a significant milestone that signals its serious commitment
In the ever-evolving landscape of cryptocurrency, security stands out as a foundational pillar. Yet the recent revelation by blockchain investigator ZachXBT regarding the staggering loss of $45 million from Coinbase users due to social engineering scams illustrates an alarming reality: the cryptocurrency giant’s security measures are arguably inadequate. This unprecedented heist, exposed through meticulous investigations,
Coinbase has launched a groundbreaking open-source protocol known as x402, a significant leap forward in the realm of decentralized payments. By utilizing the historically underutilized HTTP status code 402—originally designated for “Payment Required”—Coinbase has ingeniously crafted a mechanism that enables on-chain payments using stablecoins without human intervention. This new standard is not merely a footnote
The landscape of cryptocurrency is undergoing a seismic shift, one that is marked by increasing regulatory scrutiny and a mandate for compliance. The Markets in Crypto-Assets (MiCA) regulations are not just a footnote in this evolution; they represent a clarion call for accountability. While the intention is undoubtedly to foster user safety and mainstream adoption,
The cryptocurrency landscape is known for its volatility, yet the staggering fall of MOVE, the native token of the Ethereum-driven Movement Network, has unnerved even the most seasoned investors. Following the unexpected delisting by Coinbase, amid worrying allegations regarding market-making practices, MOVE plummeted to an all-time low of $0.18—a shocking downturn of 23%. But what
Robinhood’s recent financial disclosures reveal a remarkable turnaround in retail crypto trading, with their crypto revenue soaring to $252 million—a staggering 100% increase year-over-year. This jump led to a monumental 77% increase in overall transaction-based revenue, pointing decisively towards the re-emergence of individual investors in the turbulent waters of cryptocurrency markets. Such figures portray Robinhood
In an era where digital privacy hangs by a thread, Coinbase, one of the largest cryptocurrency exchanges, is making headlines by challenging the Internal Revenue Service (IRS) on constitutional grounds. The company has filed an amicus brief with the U.S. Supreme Court, taking a stand against what it perceives as the government’s aggressive violation of
In a dramatic twist that has sent shockwaves through the crypto community, a wallet associated with the Donald Trump memecoin project has moved an astounding $20 million worth of TRUMP tokens to various centralized exchanges. This revelation, first reported by on-chain analyst EmberCN, raises urgent questions about the motivations behind such significant transfers. Why would