In a groundbreaking move for the cryptocurrency landscape, Bybit, a well-known exchange platform, has launched a dedicated Islamic crypto account aimed specifically at Muslim users. This initiative, announced by CEO Ben Zhou on social media, highlights Bybit’s commitment to inclusivity in the burgeoning digital asset space. The Islamic account is designed to adhere to Shariah
Exchanges
In September 2023, Binance, one of the world’s largest cryptocurrency exchanges, celebrated a remarkable feat by surpassing $100 trillion in trading volume since its inception in 2017. This landmark event, announced by CEO Richard Teng, underscores the exchange’s significant influence in the crypto market. The figure represents not only an extraordinary achievement for Binance but
In a bid to bolster the utility and demand for its synthetic dollar, USDe, Ethena Labs has recently put forth a compelling proposal for the creation of a decentralized exchange (DEX) named Ethereal. Proposed by community member Fells0x, this initiative responds to the growing challenges faced by USDe in a competitive crypto landscape. As the
South Korea’s Bithumb, a significant player in the cryptocurrency exchange market, recently revealed its intentions to pursue a public listing in the United States. The announcement, made during a shareholders meeting on September 30, has garnered considerable attention in the financial community. The exchange is eyeing a listing on the Nasdaq, targeting the latter half
In a significant move within the digital currency landscape, Kraken has declared the end of Monero (XMR) support for clients in the European Economic Area (EEA) effective October 31, 2024. This announcement, made public on October 1, stems from evolving regulatory conditions in Europe that are increasingly tightening around cryptocurrencies, particularly those tied to privacy
In a surprising move, Gemini, a prominent cryptocurrency exchange, has disclosed intentions to wind down operations in Canada by the end of 2024. This news was delivered to customers via email on September 30, 2023, informing them of the impending closure of their accounts. By December 31, 2024, Gemini plans to cease all activities tailored
Caroline Ellison, once the prominent CEO of Alameda Research, has recently been sentenced to two years in prison, alongside an order to forfeit a staggering $11 billion. This ruling, handed down on September 24, symbolizes a significant moment in the ongoing legal saga surrounding the collapse of FTX, the cryptocurrency exchange that once held a
In the wake of a catastrophic $230 million hack, WazirX, one of India’s prominent cryptocurrency exchanges, finds itself navigating turbulent waters as it grapples with the aftermath of this breach. This incident has not only breached user trust but also raised questions regarding the security protocols in place at the exchange. Following this attack in
As cryptocurrencies continue to reshape the financial landscape, the need for effective and secure trading platforms has never been more pressing. The surge in popularity of digital currencies is accompanied by an influx of crypto exchanges, each claiming to be the best. However, distinguishing the one that genuinely meets your needs can be daunting. In
In July, WazirX, one of India’s prominent cryptocurrency exchanges, experienced a catastrophic breach resulting in the theft of an astounding $230 million. Recent analyses from Arkham Intelligence reveal that the hacker responsible has nearly finished laundering the stolen funds, with only $6 million in Ethereum (ETH) still unprocessed. This alarming incident not only exposed the
