In the evolving landscape of cryptocurrency, the Cronos blockchain, affiliated with Crypto.com, stands at a contentious crossroads. A recently proposed initiative aimed at restoring 70 billion CRO tokens burnt in 2021 is facing fierce opposition, with early voting numbers showing a staggering 87% rejection rate. This widespread dissent signals that community trust is hanging by
Exchanges
On March 17, 2023, the CME Group announced the pending launch of Solana (SOL) futures, pending regulatory approval, in response to a growing appetite among clients for innovative cryptocurrency products. This milestone is significant as it not only demonstrates the maturation of cryptocurrency markets but also sets the stage for the potential introduction of a
The rapid expansion of cryptocurrency usage has drawn considerable attention from regulatory bodies worldwide, with South Korea being no exception. In a move indicative of a more stringent regulatory environment, Dunamu, the parent company of Upbit—South Korea’s leading cryptocurrency exchange—has initiated legal proceedings against the Financial Intelligence Unit (FIU). The action stems from a business
In a poignant display of frustration, Cameron Winklevoss, co-founder of Gemini, has leveled accusations against the U.S. Securities and Exchange Commission (SEC) for the damage inflicted on his crypto exchange through prolonged investigations. With the SEC recently notifying Gemini of the closure of its inquiry without filing any charges, Winklevoss seized the moment to call
In a stark revelation that has shaken the cryptocurrency community, Bybit disclosed that it fell victim to a staggering $1.4 billion hack. However, the exchange clarified that its own infrastructure remained intact, attributing the security breach to a vulnerability in a development environment related to a platform called Safe. This incident has raised critical discussions
In a significant move reflecting industry camaraderie, Bybit successfully repaid a substantial loan of 40,000 Ethereum—approximately $99.98 million—to Bitget. This repayment came on the heels of a security breach resulting in losses that shocked the cryptocurrency community. On February 24, the funds were transferred back from Bybit’s cold storage wallet to Bitget, signaling not only
In a recent development that has stirred conversations within the cryptocurrency community, OKX, a prominent digital currency exchange, found itself entangled in a significant legal resolution with U.S. authorities. The exchange agreed to a staggering $500 million settlement after admitting to running operations that qualified as an unregistered money-transmitting business. This settlement underscores the evolving
The geopolitical landscape has transformed dramatically since the onset of the Ukraine conflict, compelling international entities to adopt robust measures in response to aggressive actions. The European Union (EU) has increasingly utilized sanctions as a tool to exert pressure on Russia, and its latest actions are indicative of a strategic approach to financial systems underpinning
In recent developments outlined by Bloomberg News, Citadel Securities appears poised to enter the crypto market-making arena. This strategic shift aims to provide liquidity across major exchanges, such as Coinbase, Binance, and Crypto.com. While the firm has yet to substantiate these ambitions, insiders indicate that Citadel’s initial focus will likely lean toward non-US markets, pending
In the turbulent landscape of cryptocurrency trading, OX.FUN—a derivatives exchange tied to the co-founders of the defunct Three Arrows Capital, Su Zhu and Kyle Davies—has recently found itself at the epicenter of a storm of controversy. Allegations of financial misconduct and improper handling of user funds have raised serious questions not only about the integrity
