The cryptocurrency landscape has always been fraught with volatility, but the recent incident involving the exchange Bitget is a stark reminder of how quickly things can spiral out of control. Bitget has announced plans to take legal action against eight users who allegedly profited over $20 million from a trading glitch related to the VOXEL
Exchanges
As we approach mid-2025, a significant phenomenon in the cryptocurrency landscape warrants scrutiny: the unprecedented reduction of Bitcoin held on centralized exchanges. A recent report from CryptoQuant reveals that the count has dwindled to 2.5 million BTC, marking the lowest level since 2019. This 500,000 BTC reduction over four months is not merely trivial statistics—it’s
In an age where innovation drives economic prosperity, it is disheartening to witness five states putting up roadblocks against Coinbase and its staking program. The stakes are high—over $90 million in potential rewards are being withheld from everyday users who want to earn through an increasingly popular service. Regulatory bodies, including those from California, New
Riot Platforms has taken a significant step that raises eyebrows and questions about the future of Bitcoin mining. By entering into a $100 million credit agreement with Coinbase and leveraging its substantial Bitcoin reserves as collateral, Riot is attempting to secure financial stability in an increasingly tumultuous landscape. The deal allows Riot to withdraw funds
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unexpected move that serves both as a warning and a glimmer of hope, the Alabama Securities Commission has officially withdrawn its legal action against Coinbase, a leading cryptocurrency exchange.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
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