The recent announcement from Backpack regarding the reopening of withdrawal options for former FTX EU customers instigates mixed emotions. On one hand, it signifies a crucial move towards repairing the financial damages inflicted by the implosion of FTX, a platform that once enjoyed prestige in the cryptocurrency landscape. However, when one scratches the surface, the
Exchanges
In an era where transparency is hailed as a virtue yet often undermined by the machinations of the powerful, the relationship between President Donald Trump and cryptocurrency exchanges like Binance raises alarming red flags. Democratic senators, led by notable figures such as Elizabeth Warren and Chris Van Hollen, have called for an exhaustive investigation into
In a move that could reshape the future of cryptocurrency trading, Coinbase has agreed to acquire the prominent crypto derivatives platform, Deribit, in a deal totaling around $2.9 billion. This significant transaction is set to become the largest in Coinbase’s past, expanding its footprint in a sector that has shown explosive growth. As we witness
In a disturbing revelation, blockchain investigator ZachXBT has brought to light a staggering loss of $45 million in just one week for Coinbase users due to increasingly sophisticated social engineering scams. This alarming trend is part of a larger coercive saga that has inflicted more than $300 million in losses annually on unsuspecting Coinbase customers—a
On May 6, Coinbase unveiled a revolutionary open-source protocol named x402, opening up profound opportunities in the realm of digital transactions. This protocol embraces the little-utilized HTTP 402 status code, infusing it with life by allowing direct machine-to-machine payments through stablecoins. The implications of this development are staggering, as it could catalyze a shift away
The European crypto sector stands on the brink of a substantial transformation, catalyzed by the implementation of Markets in Crypto-Assets (MiCA) regulations. This isn’t just a passing phase; it’s a vital recalibration of how cryptocurrencies are bought, sold, and perceived on the global stage. Historically, the landscape was characterized by a Wild West mentality where
In a stunning turn of events that has sent shockwaves through the cryptocurrency community, the native token of the Ethereum-based Movement Network, MOVE, has experienced a drastic decline in its market value. Following a pivotal announcement by Coinbase on May 1, the trading platform opted to delist MOVE, deeming it unfit to meet their listing
In an impressive display of resilience, Robinhood has emerged as a titan in the retail cryptocurrency space, achieving a staggering $252 million in crypto revenue for the first quarter of 2023. This marks a significant year-over-year increase, effectively doubling previous earnings from their crypto operations. The platform has capitalized on a burgeoning wave of retail
In a digital age where personal data is often seen as an open book, Coinbase’s recent move to challenge the IRS’s sweeping data collection efforts shines a critical spotlight on privacy in cryptocurrency transactions. The internal struggle between governmental authority and individual privacy rights has reached a boiling point, and Coinbase’s amicus brief submitted to
Recent developments involving the official memecoin linked to former President Donald Trump have sent shockwaves through the crypto community, with nearly $20 million worth of TRUMP tokens being moved in a flurry of transactions that raise eyebrows and questions alike. A wallet associated with the crypto project transferred 1.346 million TRUMP tokens, valued at approximately