In a surprising turn of events, Cronos—a Layer 1 blockchain closely associated with Crypto.com—proposes the restoration of 70 billion CRO tokens that were burned back in 2021. This move is not merely a technical adjustment but rather a significant pivot in how the community envisions the long-term scalability and strategic positioning of the blockchain. Early
Exchanges
On March 17, the CME Group announced plans to launch Solana (SOL) futures contracts, pending necessary regulatory approvals. This move has generated excitement among market participants, driven by an uptick in client demand for more sophisticated trading instruments in the cryptocurrency space. Notably, Nate Geraci, CEO of The ETF Store, expressed optimism about this development,
In a significant move that underscores the evolving relationship between cryptocurrency exchanges and regulatory bodies in South Korea, Dunamu, the parent company of Upbit, has initiated legal proceedings against the Financial Intelligence Unit (FIU). This lawsuit, filed with the Seoul Administrative Court, challenges the FIU’s decision to suspend business operations over alleged regulatory violations concerning
The rapid evolution of the cryptocurrency sector has been met with a complicated regulatory landscape in the United States. One prominent figure in this debate is Cameron Winklevoss, co-founder of the crypto exchange Gemini. Recently, he has publicly criticized the US Securities and Exchange Commission (SEC) for its protracted investigation into his company, which was
In a startling revelation, Bybit recently disclosed that a massive hack amounting to $1.4 billion did not breach its core infrastructure. Instead, the breach can be traced back to a vulnerability in a developer machine associated with Safe, an integrated multi-signature wallet solution. This incident highlights a significant risk within the crypto space, revealing how
In a remarkable turn of events, cryptocurrency exchange Bybit successfully repaid a significant loan of 40,000 Ethereum, equivalent to approximately $99.98 million, to rival exchange Bitget. This loan was extended to Bybit following a traumatic security breach that saw around $1.4 billion in assets compromised. The repayment, as reported by blockchain analytics firm Lookonchain on
OKX, a prominent cryptocurrency exchange, recently established its commitment to achieving robust regulatory compliance, particularly after reaching a significant $500 million settlement with U.S. authorities. The settlement stems from various compliance shortcomings, including operating an unregistered money-transmitting business in the U.S. and failing to adhere to anti-money laundering (AML) laws. While these challenges raise questions
In a significant move reflecting geopolitical tensions and economic strategies, the European Union (EU) recently imposed sanctions on Garantex, a crypto exchange based in Russia. This action is part of the EU’s 16th sanctions package focused on entities that are perceived to support Russian military operations amid the ongoing conflict with Ukraine. The sanctions, formally
Recent reports indicate that Citadel Securities, a prominent player in traditional trading arenas, is planning to make its foray into the cryptocurrency market-making sector. According to Bloomberg News, the firm aims to provide liquidity to leading cryptocurrency exchanges such as Coinbase, Binance, and Crypto.com. This strategic move signifies Citadel’s recognition of the growing importance of
In the ever-evolving world of cryptocurrency, the stability and integrity of exchanges are paramount for maintaining user trust. OX.FUN, a crypto derivatives exchange associated with Su Zhu and Kyle Davies—the co-founders of the defunct Three Arrows Capital—has recently become embroiled in controversy. Accusations of financial misconduct and operational transparency have raised alarms, not just about