Kraken, a prominent player in the cryptocurrency exchange landscape, has recently launched a wrapped Bitcoin product known as kBTC. This development, announced on October 17, marks a significant stride into an evolving market that aims to enhance Bitcoin’s utility on various blockchain platforms. Wrapped tokens have created a bridge between Bitcoin’s liquidity and the burgeoning
Exchanges
In an announcement made on October 15, 2023, cryptocurrency exchange Kraken proudly revealed its integration with EigenLayer, a notable protocol built on the Ethereum network. This partnership marks a significant milestone in the evolution of cryptocurrency staking, providing a streamlined avenue for users to engage in restaking Ethereum (ETH) directly on the Kraken platform. The
The ongoing saga surrounding Tigran Gambaryan, an executive at Binance, has captured significant attention within the cryptocurrency community. His recent bail denial by a Nigerian court has intensified concerns about legal proceedings and human rights implications in Nigeria’s judiciary. The High Court in Abuja, on October 11, ruled against Gambaryan’s plea for bail, citing an
In the rapidly evolving landscape of cryptocurrency, Arkham Intelligence is gearing up for a significant launch that could reshape its trajectory. Scheduled to debut next month, the company’s foray into the crypto derivatives market has stirred considerable excitement, as reported by Bloomberg News on October 11. The announcement has sparked a notable surge in interest
In a critical move that could reshape the landscape of South Korea’s cryptocurrency market, the Financial Services Commission (FSC) has initiated an investigation into Upbit, the nation’s foremost crypto trading platform. The announcement, reported by einfomax on October 10, underscores growing apprehensions regarding Upbit’s considerable influence and its potential implications for financial stability. FSC Chairman
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
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