The landscape of cryptocurrency trading has been irrevocably altered since the notorious Bitfinex hack of 2016, which saw approximately 120,000 BTC stolen, a loss valued at billions of dollars even in today’s market. Recently, a U.S. government filing hinted that Bitfinex might be the only entity eligible to receive restitution related to this cyber heist,
Exchanges
On October 7, the cryptocurrency landscape experienced unforeseen volatility, with Bitget’s native BGB token witnessing a shocking plunge from $1.15 to approximately $0.5344 within a mere ten minutes. This drastic 56% drop at around 02:58 UTC sent reverberations throughout the trading community, compelling Bitget to swiftly respond with a compensation plan aimed at reassuring affected
In 2023, the landscape for privacy tokens experienced a seismic shift as centralized exchanges took aggressive action by delisting several prominent cryptocurrencies. A staggering report from Kaiko indicates that privacy tokens faced nearly 60 delistings this year alone, marking an unprecedented frequency of such moves since the beginning of 2021. Among the most affected tokens
In a significant stride towards inclusivity in the cryptocurrency trading landscape, Bybit, a prominent crypto exchange, has announced the launch of its Islamic crypto account. As of September 24, this account is specifically designed to meet the needs of Muslim traders who wish to engage in digital asset trading while adhering to Islamic principles. The
As of September 24, 2023, Binance has etched its name in the annals of cryptocurrency history by surpassing an astonishing $100 trillion in trading volume since its inception in 2017. This staggering figure, which CEO Richard Teng highlighted in a post on the X platform, represents not only a monumental achievement for Binance but also
In the continually evolving landscape of cryptocurrency, innovation is crucial for survival and growth. Ethena Labs, the force behind the synthetic dollar known as USDe, recently introduced an exciting initiative aimed at revolutionizing how users engage with their digital assets. Proposed by community member Fells0x, the idea of launching a decentralized exchange (DEX) called “Ethereal”
In a significant step for the cryptocurrency exchange landscape, Bithumb, South Korea’s second-largest digital trading platform, has revealed its ambitions to pursue a public listing in the United States. This announcement was made during the firm’s shareholders meeting held on September 30, 2023, as reported by Dnews. The exchange is contemplating a listing on the
In a notable move reflective of the shifting regulatory landscape in Europe, cryptocurrency exchange Kraken has declared that it will cease support for Monero (XMR) throughout the European Economic Area (EEA) by the end of October. This decision, communicated on October 1, highlights how evolving regulations are influencing the operations of crypto platforms in the
In a move that has caught many by surprise, the cryptocurrency exchange Gemini has declared its intention to halt operations in Canada by the close of 2024. In an email dispatched to customers on September 30, the exchange outlined that all Canadian accounts would be terminated effective December 31, 2024. Customers are granted a three-month
The cryptocurrency market has been shaken to its core, primarily stemming from the meteoric rise and catastrophic fall of FTX, a major crypto exchange. Caroline Ellison, the former CEO of Alameda Research, finds herself at the center of this drama following her recent sentencing to two years in prison. Additionally, she has been ordered to