The financial landscape surrounding cryptocurrencies continues to evolve, and the recent announcement by CME Group regarding the launch of Solana (SOL) futures is a significant development. Slated for a potential rollout on March 17, pending regulatory approval, this initiative comes in response to an increasing demand from clients for more diversified cryptocurrency investment options. Citing
Exchanges
Dunamu Inc., the parent organization behind Upbit, South Korea’s leading cryptocurrency exchange, finds itself embroiled in a contentious legal battle with the Financial Intelligence Unit (FIU) of South Korea. The core issue revolves around a suspension order that aims to limit Upbit’s operational capabilities. This move comes as the South Korean government intensifies its focus
In a recent development that has drawn significant attention, Cameron Winklevoss, co-founder of Gemini, addressed the U.S. Securities and Exchange Commission (SEC) regarding its investigation into the cryptocurrency exchange. On February 26, Winklevoss revealed that the SEC had formally concluded its investigation without levying any charges against Gemini. This decision came almost two years after
In recent events that sent shockwaves through the crypto sphere, Bybit confirmed that the staggering $1.4 billion hack did not compromise its internal systems. Instead, the breach originated from a vulnerability in a developer machine utilized by Safe, a decentralized wallet solution. Forensic analyses conducted by Bybit along with blockchain security experts such as Sygnia
In a noteworthy move following a significant security breach, Bybit has successfully repaid a substantial loan of 40,000 Ethereum, valued at approximately $99.98 million, that it had secured from competitor Bitget. The repayment, confirmed on February 25, underscores not only Bybit’s financial resilience but also reflects the trust shared between these two entities in the
OKX, a prominent player in the cryptocurrency exchange market, has made headlines for its recent $500 million settlement with U.S. authorities. This settlement arose from significant regulatory violations, including operating an unregistered money-transmitting business and a failure to implement necessary anti-money laundering safeguards. CEO Star Xu’s acknowledgment of past compliance issues underscores the exchange’s recognition
In a decisive move reflecting the escalating geopolitical tensions surrounding the Ukraine conflict, the European Union (EU) announced its 16th sanctions package aimed at curbing Russia’s ability to leverage its financial systems. Among the targeted entities is Garantex, a cryptocurrency exchange based in Russia, identified by the EU as a significant facilitator of Russia’s efforts
Citadel Securities, a well-known entity in traditional market-making, is reportedly setting its sights on the burgeoning cryptocurrency market. According to a Bloomberg News report from February 24, the firm is gearing up to provide liquidity on some of the most prominent exchanges, including Coinbase, Binance, and Crypto.com. This potential foray into the cryptocurrency landscape not
The cryptocurrency landscape is no stranger to scandals, and the recent upheaval surrounding OX.FUN is a stark reminder of the unpredictable nature of digital asset exchanges. Linked to the infamous Three Arrows Capital — overseen by Su Zhu and Kyle Davies, who are currently embroiled in bankruptcy proceedings — OX.FUN faces allegations of financial misconduct
In an era where digital currencies are rapidly gaining traction, security vulnerabilities remain a significant concern. The recent breach at ByBit, one of the leading cryptocurrency exchanges, serves as a stark reminder of these risks. The platform was targeted in a sophisticated cyberattack that resulted in the theft of approximately $1.5 billion in Ethereum (ETH)
