In the rapidly evolving landscape of cryptocurrency exchanges, security remains a paramount concern for users and companies alike. Recent analyses have brought to light the staggering financial losses incurred by Coinbase users due to social engineering scams, shedding light on systemic vulnerabilities that have yet to be adequately addressed. An investigation by on-chain investigator ZachXBT
Exchanges
The cryptocurrency market is notorious for its extreme volatility, often leading traders to utilize leverage to amplify their potential gains. However, this same leverage can become a double-edged sword, triggering liquidations when traders cannot meet margin calls. A recent controversy has erupted within the crypto community regarding the purported volume of liquidations occurring within the
In an impressive display of resilience and adaptability, Kraken has revealed a remarkable growth trajectory for the year 2024. The company managed to double its revenue, achieving $1.5 billion—a striking 128% increase compared to 2023. This financial uplift underscores Kraken’s strategic prowess in navigating the often volatile cryptocurrency market, where competition is fierce, and investor
In a notable move for the U.S. cryptocurrency market, Kraken has reestablished its onchain staking product for clients in 37 states and two territories. This comes after a tumultuous period marked by regulatory disputes that forced the company to cease its initial staking services in the United States. The January 30 announcement reveals that users
In a move that has raised eyebrows across both the tech and finance landscapes, cryptocurrency exchange Gemini has opted to halt the hiring of graduates and interns from the Massachusetts Institute of Technology (MIT). This decision stems from the university’s recent association with Gary Gensler, the former Chair of the U.S. Securities and Exchange Commission
The centralized cryptocurrency exchange sphere experienced a notable shift in 2024, with Crypto.com emerging as a leading player while traditional giants like Binance and OKX faced downturns. According to a comprehensive analysis by CCData, this year has been transformative, demonstrating not only robust trading volumes but also a significant redistribution of market shares among the
In a notable shift within the cryptocurrency realm, Crypto.com will cease trading Tether’s USDT and nine additional tokens by January 31, 2024. This decision is rooted in the necessity to comply with Europe’s Markets in Crypto-Assets (MiCA) regulation, which aims to establish rigorous standards for digital assets within the European Economic Area (EEA). Users will
Coinbase, one of the leading cryptocurrency exchanges globally, has made a significant move by obtaining regulatory approval to establish its operations in Argentina. This achievement comes after the firm registered as a Virtual Asset Service Provider (VASP) with the National Securities Commission of Argentina (CNV). Such developments illustrate not only Coinbase’s ambition in Latin America
KuCoin, a cryptocurrency exchange launched in 2017 by Seychelles-based Peken Global Limited, has recently found itself embroiled in a significant legal battle, culminating in its pleading guilty to operating an unlicensed money-transmitting business. The U.S. Department of Justice revealed an extensive list of compliance failures, including the lack of registration with the Financial Crimes Enforcement
As the cryptocurrency market continues to expand at an unprecedented pace, significant challenges arise in managing the influx of new digital assets. Brian Armstrong, the CEO of Coinbase, has recently voiced his concerns over the existing token listing protocols, highlighting their inadequacy in the face of rapid technological advancement. His observations come during a time