In the ever-evolving landscape of cryptocurrency trading, trust is paramount. Following a significant security breach in July 2024, WazirX, one of India’s leading cryptocurrency exchanges, has announced plans to launch a decentralized exchange (DEX) as part of a strategy to rebuild user trust and enhance security measures. The hack, which saw $235 million taken from
Exchanges
The downfall of FTX has shaken the cryptocurrency world, raising critical questions regarding ethics, accountability, and regulatory oversight in a rapidly evolving industry. Once a leading exchange, FTX plunged into bankruptcy, unveiling a web of financial mismanagement and fraudulent activities. In November 2023, FTX took a significant step in its recovery efforts by filing a
Mt. Gox, once a dominant player in the cryptocurrency exchange sector, has resurfaced in cryptocurrency discussions following significant transactions involving its Bitcoin holdings. According to Arkham Intelligence, the platform has recently transferred over $2 billion worth of Bitcoin into newly established wallets, revealing a noteworthy shift in its financial maneuvers. The revived interest in Mt.
In a notable development within the cryptocurrency sector, OSL Group Limited has taken a decisive step into the Japanese market by securing an 81.38% share in CoinBest K.K., a prominent local crypto exchange. This acquisition, publicly disclosed on November 4, marks a pivotal moment for OSL as it endeavors to penetrate one of the world’s
The world of cryptocurrency is often characterized by its volatility and complexity, a landscape where even established players can find themselves embroiled in disputes over practices and policies. A recent controversy emerged between Tron Network founder Justin Sun and other notable figures, casting a spotlight on the fees associated with asset listings on major exchanges,
In a staggering incident highlighting the vulnerabilities within the cryptocurrency market, M2, a prominent exchange based in the UAE, suffered a massive security breach on October 31, resulting in a loss of approximately $13.7 million in digital assets. This alarming event has raised critical questions about the security measures employed by cryptocurrency exchanges and the
In a significant development within the cryptocurrency landscape, the Optimism Foundation and Kraken have struck a landmark deal worth $25 million in OP tokens, aimed at establishing Kraken’s newly launched layer-2 (L2) blockchain, Ink, within the Superchain ecosystem. This financial engagement translates to an estimated $43 million based on the current valuation of OP tokens,
In an ambitious push to enhance user experience, Binance, the world’s leading cryptocurrency exchange by trading volume, has announced a strategic collaboration with Amazon Web Services (AWS), as detailed in a recent statement. The integration of AWS’s cloud capabilities and generative artificial intelligence (AI) tools represents a significant step forward in Binance’s ongoing commitment to
In the fluctuating landscape of decentralized finance (DeFi), a recent report from Animoca Research sheds light on the performance of tokens listed across five major cryptocurrency exchanges from January to September. The analysis evaluated 773 token listings, revealing a disconcerting average drop in value, ranging between 40% and 70%. Notably, exchanges such as Binance, Bitget,
The sentencing of Nishad Singh, who served as the engineering director at the now-defunct cryptocurrency exchange FTX, represents a pivotal moment in the ongoing fallout from one of the largest financial scandals in American history. On October 30, Singh received a sentence of time served along with three years of supervised release after admitting his
