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
Exchanges
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
On October 30, 2023, Kraken, one of the most prominent cryptocurrency exchanges, announced significant layoffs as part of a strategic organizational overhaul aimed at increasing efficiency and redefining its core mission. The company appointed Arjun Sethi, a well-respected figure in venture capital and the co-founder of Tribe Capital, as its co-CEO. This move signals a
The collapse of cryptocurrency exchange FTX marked a significant moment in financial history, exposing severe mismanagement and ethical shortcomings within the organization. This downfall led to legal repercussions for various stakeholders, setting the stage for ongoing bankruptcy proceedings aimed at recovering as many assets as possible to compensate defrauded creditors. As the situation evolved, John
In a major advancement for the cryptocurrency landscape, Visa has announced a strategic alliance with Coinbase, the leading crypto exchange, to provide instant deposit services for customers utilizing eligible Visa debit cards. This partnership, unveiled in a statement on October 29, is an indication of the growing interplay between traditional finance and the rapidly evolving
The crypto landscape remains tumultuous, especially following the high-profile collapse of FTX, one of the world’s leading cryptocurrency exchanges. The latest legal development in this saga involves a $228 million settlement between FTX and the crypto exchange Bybit, marking a critical moment for the embattled firm as it seeks to navigate its bankruptcy proceedings initiated
On October 24, 2023, Crypto exchange Kraken made headlines with its announcement regarding Ink, a new layer-2 network that will operate on the Optimism Superchain. This initiative represents a fundamental shift in Kraken’s operations, pivoting the focus away from traditional centralized exchange functionalities to a more decentralized model. Ink aims to facilitate a range of
The Indian cryptocurrency exchange WazirX has recently unveiled its proof-of-reserves (PoR) report, prompting significant discussions surrounding its operational transparency and the safety of user assets. As of October 25, the exchange disclosed that approximately 40% of customer holdings are situated on third-party exchanges, which raises critical questions about asset management and the potential risks involved
In South Korea, the burgeoning cryptocurrency market is undergoing a turbulent time that has put a substantial number of investors in a stranglehold. Recent reports indicate that over 33,000 investors are currently locked out of approximately $13 million in assets due to the closure of various cryptocurrency exchanges. The local media, including The Korea Times,