In a remarkable turn of events, South Korean authorities have managed to recover 4.8 Bitcoin (BTC) linked to the infamous Upbit exchange hack of 2019. This incident marks a significant chapter in the ongoing battle between cybersecurity and cybercrime, primarily due to its connections to North Korean hacker groups. The original heist resulted in the
Exchanges
In a recent announcement, Coinbase revealed that it will be discontinuing trading for Wrapped Bitcoin (WBTC) on its exchange and Prime platforms effective December 19. This decision appears to be rooted in concerns surrounding WBTC’s compliance with the platform’s listing standards. While users can still withdraw their WBTC holdings after this date, the lack of
Binance, one of the world’s leading cryptocurrency exchanges, recently announced the launch of BFUSD, a yield-bearing stablecoin specifically designed for users engaging in futures and perpetual trading. This innovative financial product offers an impressive annual percentage yield (APY) of approximately 19.55%, enabling users to earn rewards simply by holding BFUSD in their Binance futures accounts.
Recent reports have emerged indicating that Trump Media and Technology Group (TMTG), led by President-elect Donald Trump, is engaging in potential acquisition talks with Bakkt, a cryptocurrency trading platform owned by Intercontinental Exchange (ICE). This proposed transaction, based on an all-share exchange, represents TMTG’s strategic initiative to diversify its business interests into the rapidly evolving
The cryptocurrency landscape is evolving rapidly, but compliance with regulatory standards remains a critical concern. South Korea’s leading cryptocurrency exchange, Upbit, finds itself ensnared in a serious compliance crisis as the government uncovers alarming Know-Your-Customer (KYC) infractions. Recent reports highlight the Financial Intelligence Unit (FIU) of the Financial Services Commission’s findings, shedding light on potentially
The world of cryptocurrency is fraught with volatility and security challenges, as highlighted by the recent breach of WazirX, a major crypto exchange in India. The incident has not only exposed vulnerabilities within the exchange itself but raised significant questions about the operational dynamics between cryptocurrency custodians and exchanges. This article delves into the ongoing
In the aftermath of the recent US elections, Binance has reported an impressive influx of capital that signals a robust rebound in user confidence. A report published on November 12 indicated that over $7 billion was channeled into the platform following Donald Trump’s electoral victory on November 5. This stunning growth overshadowed that of competitors
The cryptocurrency landscape is always evolving, and the dynamic nature of digital currencies often gives rise to both innovative opportunities and potential pitfalls. Recently, significant scrutiny has been directed towards Binance, one of the largest cryptocurrency exchanges, following its unexpected listings of two Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). This
As the crypto community anticipates shifts in regulatory oversight, Coinbase CEO Brian Armstrong has voiced his enthusiastic endorsement for Hester Peirce to take the reigns as the head of the Securities and Exchange Commission (SEC) should President Donald Trump secure a second term. In a recent post on social media platform X, Armstrong characterized Peirce
In a significant move that reflects the evolving landscape of cryptocurrency trading, WazirX, one of India’s leading exchanges, has announced its intentions to launch a decentralized exchange (DEX). This decision comes on the heels of a catastrophic security breach in July 2024, which resulted in the loss of $235 million. This incident underscored the vulnerabilities