Vietnam’s emergence as a crypto adoption hotspot is a remarkable phenomenon, placing it fifth globally according to Chainalysis. This newfound status is more than just a statistic; it signifies a cultural shift towards embracing innovative financial technologies. The Ministry of Finance’s recent decision to introduce a pilot crypto trading platform, in collaboration with Bybit, reflects
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The recent explosion of allegations against the OM token and its market-making team highlights one unsettling truth about the cryptocurrency landscape: deception can masquerade as legitimate activity. According to discussions featured on “The Chopping Block” podcast, it seems that the team behind OM manipulated liquidity metrics, crafting an illusion of robust market participation through dishonest
Bybit’s recent announcement about discontinuing a slew of Web3 services signifies more than just a routine operational shift; it is a daring leap towards redefining its role in the burgeoning decentralized finance (DeFi) sector. By announcing the cessation of services such as the Cloud Wallet and Keyless Wallet by May 31, 2025, Bybit is consciously
On April 15, Amazon Web Services (AWS) faced a temporary outage that sent ripples through the cryptocurrency community. High-profile exchanges like Binance and KuCoin found themselves grappling with connectivity issues, leading to suspended withdrawals and transaction failures. While AWS quickly restored its services, the episode illuminated a profound concern: the industry’s overwhelming reliance on centralized
On April 13, the crypto world was rocked by an unprecedented event, as the OM token, native to the Mantra blockchain, plummeted from an impressive $6.30 to a disheartening $0.50 within 24 hours, resulting in a staggering loss of more than $5 billion in market capitalization. At its peak, the token boasted a market cap
In a landmark legal tussle, Coinbase has taken a bold stand against the Federal Deposit Insurance Corporation (FDIC), challenging its attempts to delay the release of critical documents regarding the alleged debanking of cryptocurrency firms. This engagement isn’t just a bureaucratic skirmish; it is emblematic of a much larger conflict over the future of digital
South Korea’s current obsession with a restrictive one-bank-per-exchange policy is not just antiquated; it’s downright detrimental to both consumers and the financial sector. Introduced as a measure to mitigate money laundering risks, this policy has morphed into a straitjacket that restricts innovation and limits consumer choice. Executives from leading South Korean banks, including Woori Bank’s
The cryptocurrency market is notorious for its volatility and unpredictability, yet emerging tokens often reveal resilient growth trajectories in this tumultuous environment. The recent listing of SUN (SUN) on Kraken exemplifies this trend, serving as a harbinger of potentially significant changes in the market dynamic. By gaining access to one of the world’s premier trading
In the rapidly evolving world of cryptocurrency, BlackRock has taken a significant leap forward by expanding the custodial structure of its iShares Bitcoin Trust (IBIT). This strategic decision, formalized through a Master Custody Service Agreement with Anchorage Digital Bank N.A., showcases a robust and proactive approach that many could argue is necessary given the volatile
The recent adjournment of the tax evasion case against Binance has captured the attention of financial analysts and crypto enthusiasts alike. Nigeria’s Federal Inland Revenue Service (FIRS) is not merely knocking on Binance’s door; they are hammering it down with a staggering demand: $2 billion in back taxes and an eye-watering $79.5 billion in alleged
