In a significant stride towards inclusivity in the cryptocurrency trading landscape, Bybit, a prominent crypto exchange, has announced the launch of its Islamic crypto account. As of September 24, this account is specifically designed to meet the needs of Muslim traders who wish to engage in digital asset trading while adhering to Islamic principles. The
Exchanges
As of September 24, 2023, Binance has etched its name in the annals of cryptocurrency history by surpassing an astonishing $100 trillion in trading volume since its inception in 2017. This staggering figure, which CEO Richard Teng highlighted in a post on the X platform, represents not only a monumental achievement for Binance but also
In the continually evolving landscape of cryptocurrency, innovation is crucial for survival and growth. Ethena Labs, the force behind the synthetic dollar known as USDe, recently introduced an exciting initiative aimed at revolutionizing how users engage with their digital assets. Proposed by community member Fells0x, the idea of launching a decentralized exchange (DEX) called “Ethereal”
In a significant step for the cryptocurrency exchange landscape, Bithumb, South Korea’s second-largest digital trading platform, has revealed its ambitions to pursue a public listing in the United States. This announcement was made during the firm’s shareholders meeting held on September 30, 2023, as reported by Dnews. The exchange is contemplating a listing on the
In a notable move reflective of the shifting regulatory landscape in Europe, cryptocurrency exchange Kraken has declared that it will cease support for Monero (XMR) throughout the European Economic Area (EEA) by the end of October. This decision, communicated on October 1, highlights how evolving regulations are influencing the operations of crypto platforms in the
In a move that has caught many by surprise, the cryptocurrency exchange Gemini has declared its intention to halt operations in Canada by the close of 2024. In an email dispatched to customers on September 30, the exchange outlined that all Canadian accounts would be terminated effective December 31, 2024. Customers are granted a three-month
The cryptocurrency market has been shaken to its core, primarily stemming from the meteoric rise and catastrophic fall of FTX, a major crypto exchange. Caroline Ellison, the former CEO of Alameda Research, finds herself at the center of this drama following her recent sentencing to two years in prison. Additionally, she has been ordered to
In July, the Indian cryptocurrency exchange WazirX faced a staggering blow when it suffered a $230 million hack that struck at the heart of its operations. This breach not only threatened the security of user assets but also put the platform’s reputation on thin ice. In the aftermath, WazirX found itself in a race against
As the cryptocurrency market blossoms, a plethora of exchange platforms has emerged to cater to the growing demand for trading digital assets. Newcomers and seasoned traders alike are constantly in search of a platform that not only provides favorable rates but also ensures a secure and user-centric experience. The right choice of exchange can significantly
In July, WazirX was struck by a staggering cyber heist that resulted in the theft of approximately $230 million. This breach not only compromised over 45% of the Indian cryptocurrency exchange’s reserves but also exposed significant vulnerabilities both in the exchange’s security infrastructure and in the broader landscape of cryptocurrency dealings. The hacker’s actions delineate