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
Exchanges
In a significant turn of events within the cryptocurrency landscape, the now-defunct FTX exchange has initiated legal proceedings against Ryan Salame, its former co-CEO of the Bahamian subsidiary. According to court documents filed on November 4, FTX aims to reclaim roughly $98.8 million in cash and cryptocurrency. The accusations leveled against Salame are serious, alleging
In a notable turn of events, the infamous Mt. Gox exchange, which has been largely defunct since its tragic collapse in 2014, recently executed a massive transfer of Bitcoin amounting to over $2 billion. This was reported by Arkham Intelligence, a blockchain analytics company, which revealed the pivotal transaction occurred on November 4 at 23:38
The crypto landscape is evolving rapidly, and OSL Group Limited is now making noteworthy strides to enhance its presence in this dynamic industry. In a strategic move announced on November 4, OSL’s Japanese subsidiary, OSL Investment (Japan) Limited, signed a significant share purchase agreement to acquire an 81.38% stake in CoinBest K.K., a prominent local
As the cryptocurrency ecosystem continues to grow and evolve, the issue of asset listing fees has become a hotly contested topic among prominent platforms and their stakeholders. This debate has intensified following comments made by industry leaders such as Tron Network’s Justin Sun and Sonic Labs’ Andre Cronje, who took exception to claims made by
On October 31, M2, a cryptocurrency exchange based in the UAE, fell victim to a significant security breach that led to the loss of approximately $13.7 million in digital assets. This incident raises critical questions about the security measures in place at centralized exchanges, especially as the cryptocurrency market becomes increasingly targeted by cybercriminals. The
In an ambitious move to reshape its operational landscape, the Optimism Foundation has entered into a notable partnership with Kraken, culminating in a $25 million allocation to facilitate the latter’s new layer-2 blockchain project, Ink. This venture not only marks a significant financial commitment but also indicates a strategic alignment within the rapidly evolving world
In a significant move to improve customer engagement and streamline operations, Binance has announced a partnership with Amazon Web Services (AWS) to harness the power of generative AI. This alliance is expected to usher in a new era of user experience on Binance’s trading platforms, a necessary advancement for the largest cryptocurrency exchange by trading
In the world of cryptocurrency, token listings on major exchanges have become a critical aspect of market dynamics. A recent report by Animoca Research provides a comprehensive analysis of token performance on five leading cryptocurrency exchanges—Binance, Bitget, Bybit, KuCoin, and OKX—between January and September 2023. The findings reveal a concerning trend, with median performance figures
The sentencing of Nishad Singh, former engineering director at FTX, on October 30 marks a significant moment in the aftermath of one of the largest financial collapses in United States history. While he received a sentence of time served and three years of supervised release, this development raises important questions about responsibility and the consequences