The recent backlash from the Solana community directed at Coinbase underscores a growing tension between established cryptocurrency exchanges and blockchain networks. Users reported significant delays in transaction processing, with complaints surfacing prominently on social media. Transaction times reportedly stretched to 45 minutes, a stark contrast to the rapid speeds of competitors like Base, Algorand, Arbitrum,
Exchanges
In a significant turn of events, a former senior executive at Binance, Amrita Srivastava, has publicly alleged that her dismissal was a retaliatory act stemming from her whistleblowing activities. Srivastava, who had been employed with Binance focusing on the Link platform, has brought troubling allegations to light regarding a colleague’s solicitation of bribes linked to
Celo, a notable player in the Layer-1 blockchain sphere, is poised for a significant transformation by planning a transition to an Ethereum Layer-2 network within Optimism’s Superchain ecosystem. This strategic pivot aims to harness enhanced scalability and interoperability benefits that Ethereum’s Layer-2 solutions offer. However, recent developments within the cryptocurrency ecosystem have raised concerns and
In a significant development for the beleaguered cryptocurrency exchange FTX, the company and its affiliated debtors are anticipating the implementation of their Chapter 11 Plan of Reorganization, projected to be executed by January 2025. This plan aims to establish the frameworks for addressing claims from creditors and customers alike. As per the latest timeline released
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
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