In a striking announcement, cryptocurrency exchange Bybit declared it would phase out numerous Web3 products and services by the end of May 2025. This decision signals a radical pivot in Bybit’s operational philosophy, drawing attention to its future priorities in a competitive market. The core premise of this shift appears to be an intention to
Exchanges
On April 15, 2023, the crypto community found itself in turmoil as Amazon Web Services (AWS) suffered a significant outage that cascaded across multiple platforms, disrupting operations on major exchanges including Binance and KuCoin. This incident raises alarming questions about the reliance on centralized infrastructures in a sector that prides itself on decentralization. While the
In an astounding market occurrence that left investors gasping for breath, the OM token, integral to the Mantra blockchain ecosystem, plunged drastically from $6.30 to shockingly low levels beneath $0.50 in a mere 24 hours on April 13. This shocking downfall resulted in a stunning obliteration of over $5 billion from the market cap, with
In a striking example of bureaucracy grinding against innovation, Coinbase has vehemently challenged the Federal Deposit Insurance Corporation’s (FDIC) latest maneuver to delay the release of documents tied to the controversial practice of debanking crypto firms—a tactic that some argue threatens the very fabric of financial innovation. On April 10, Coinbase’s Chief Legal Officer, Paul
The South Korean crypto landscape is at a pivotal juncture, with major banking institutions expressing urgent calls for a reconsideration of the existing regulatory framework that imposes a one-bank-per-exchange policy. This rigid approach, originally set up in 2018 to bolster anti-money laundering measures, has transformed into a problematic barrier that stagnates innovation and hinders consumer
In the ever-evolving landscape of decentralized finance (DeFi), few platforms are as daring and bold as SUN.io. Established in 2020, SUN has set out to redefine how we interact with financial systems by leveraging the growing capabilities of the TRON blockchain. With the recent landmark listing of its governance token, SUN (SUN), on Kraken, SUN.io
In the ever-evolving realm of digital assets, the giants seem to shift the ground beneath our feet as they adapt to innovations and demands. BlackRock’s decision to expand the custodial structure of its iShares Bitcoin Trust (IBIT) marks a pivotal moment that could redefine expectations for institutional investment in cryptocurrency. By formalizing a partnership with
The recent adjournment of a tax evasion case against Binance paints a troubling picture for cryptocurrency businesses operating without proper regulations in Nigeria. A Nigerian court has pushed the case to April 30, allowing the Federal Inland Revenue Service (FIRS) to prepare its response to Binance’s legal maneuverings. At stake is a staggering $2 billion
In a strategic move towards mainstream acceptance, Coinbase Derivatives has filed with the US Commodity Futures Trading Commission (CFTC) for the approval of XRP futures contracts. Should the CFTC grant permission, trading could launch as soon as April 21, 2025. This proposal isn’t just a ticking clock; it signifies a critical pivot in how cryptocurrencies
Decentralized finance (DeFi) is revolutionizing the financial landscape, enabling individuals to gain access to services that were once the domain of banks and traditional financial institutions. As we stand on the precipice of a new financial era, the recent listing of JUST (JST) on Kraken offers a window into the evolving dynamics of cryptocurrency. This