In the wake of the recent US elections, Binance, one of the largest cryptocurrency exchanges globally, reported an extraordinary influx of capital, totaling over $7 billion since November 5. This impressive inflow dwarfed its nearest competitor, OKX, which saw around $1 billion within the same timeframe. The data suggests that the election results and subsequent
Exchanges
The cryptocurrency landscape has been abuzz with discussions surrounding Binance’s recent decision to list two Solana-based memecoins: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). This unexpected move sparked concerns among community members about potential manipulative financial practices, including allegations of a pump-and-dump scheme. Such developments not only raise questions about the ethics of
In the ever-evolving landscape of cryptocurrency, industry influencers are advocating for transformative leadership within the Securities and Exchange Commission (SEC). Notably, Coinbase CEO Brian Armstrong has publicly backed Hester Peirce for the position of SEC Chair during a potential second term for President Donald Trump. Armstrong’s endorsement, conveyed through a recent post on X, highlights
In July 2024, WazirX, one of India’s largest cryptocurrency exchanges, faced a monumental security breach that shook the confidence of its user base. The perpetrators, identified as the notorious Lazarus Group, managed to steal approximately $235 million by exploiting vulnerabilities within WazirX’s multi-signature wallet system. This breach not only affected the finances of the exchange
In a significant development amid the fallout from the spectacular collapse of the FTX cryptocurrency exchange, a lawsuit has been initiated against Ryan Salame, the former co-CEO of FTX’s Bahamian subsidiary. This lawsuit, filed on November 4, seeks to claw back approximately $98.8 million in assets—both cash and crypto—from Salame. FTX accuses him of being
In the ever-evolving landscape of cryptocurrency, few names resonate with controversy and intrigue as profoundly as Mt. Gox. Once the world’s largest Bitcoin exchange, Mt. Gox collapsed in 2014, leading to a loss of approximately 850,000 Bitcoin—a catastrophe still felt in the industry today. The ongoing saga of Mt. Gox reached a significant marker recently,
In a notable development within the cryptocurrency sphere, OSL Group Limited, through its Japanese subsidiary OSL Investment (Japan) Limited, has secured an agreement to purchase a substantial 81.38% ownership stake in CoinBest K.K., a prominent local cryptocurrency exchange. This acquisition, announced on November 4, marks a significant milestone for OSL, positioning the company strategically within
In the dynamic realm of cryptocurrencies, discussions about asset listings often spark heated debates and varying opinions. Recently, discord emerged between high-profile figures in the crypto industry regarding Coinbase’s alleged asset listing practices. Justin Sun, the founder of the Tron Network, and Andre Cronje, co-founder of Sonic Labs, vehemently challenged Coinbase CEO Brian Armstrong’s assurance
M2, an emerging crypto exchange based in the UAE, has become the latest victim of a significant cybersecurity breach, highlighting a concerning trend within the digital currency landscape. In a statement released on November 1, the platform revealed that the breach occurred on October 31 at approximately 3:16 AM, leading to a staggering loss of
The recent collaboration between the Optimism Foundation and Kraken marks a significant advancement in the blockchain landscape, particularly through a substantial deal involving 25 million OP tokens. This partnership is set to propel Kraken’s new layer-2 (L2) blockchain, Ink, into the expanding Superchain ecosystem. At present, the deal carries a current value of approximately $43
