Ethena Labs, the team behind the synthetic dollar known as USDe, is exploring a bold new venture aimed at amplifying the asset’s market standing. A proposal put forth by community member Fells0x on September 30 suggests the creation of “Ethereal,” a decentralized exchange (DEX) within the Ethena ecosystem. This initiative is not merely a supplementary
Exchanges
Bithumb, recognized as South Korea’s second-largest cryptocurrency exchange, has announced its aspirations for a public listing in the United States. This announcement, made during a shareholders meeting on September 30, embodies the exchange’s strategic focus to explore new frontiers in the global financial landscape. The planned Initial Public Offering (IPO) is tentatively aimed for the
In a significant move, Kraken has announced it will cease support for Monero (XMR) within the European Economic Area (EEA), effective October 31, 2024. This decision, communicated in an October 1 statement, is attributed to shifting regulatory landscapes in Europe that pose challenges for cryptocurrencies perceived as privacy-enhancing. As regulatory scrutiny intensifies, exchanges like Kraken
The cryptocurrency exchange Gemini has conveyed its intention to discontinue operations in Canada by the conclusion of 2024, raising eyebrows across the financial and crypto sectors. An email dispatched to Canadian customers on September 30 outlined that, effective December 31, 2024, all Gemini accounts will be shut down, with limited exceptions. This announcement reflects not
Caroline Ellison, previously at the helm of Alameda Research and once romantically linked to the controversial Sam Bankman-Fried (SBF), has become emblematic of the broader fallout from the FTX debacle. Recently sentenced to two years in prison and ordered to forfeit an astonishing $11 billion, Ellison’s case highlights the complexities surrounding corporate accountability, personal integrity,
In July, the Indian cryptocurrency exchange WazirX was thrust into a significant crisis when it suffered a staggering $230 million hack. This incident left users anxious about their assets and raised serious questions about the exchange’s security measures and governance frameworks. As a direct consequence, WazirX requested a six-month moratorium to recover from the breach
In the rapidly evolving landscape of cryptocurrencies, finding the right exchange can be a daunting task, especially with an increasing number of platforms emerging every day. Selecting a suitable crypto exchange platform is not just about convenience but is also pivotal in your trading success. The crypto realm is rife with opportunities and risks, and
The rapidly evolving landscape of cryptocurrencies has ushered in a new era of financial engagement around the globe, but few places showcase as strikingly contrasting a growth pattern as the United Arab Emirates (UAE). In stark contrast to many countries where crypto engagement tends to fluctuate between various transaction size brackets, the UAE has demonstrated
In the fast-evolving realm of cryptocurrencies, security breaches have emerged as major threats to exchange platforms and their users. The recent theft of $230 million from WazirX, one of India’s prominent cryptocurrency exchanges, has brought to light glaring vulnerabilities in the industry’s infrastructure. As of the latest data from Arkham Intelligence, nearly all of the
In recent developments, BNY Mellon has made noteworthy strides toward positioning itself within the burgeoning realm of cryptocurrency custody, specifically targeting Bitcoin and Ethereum exchange-traded funds (ETFs). The bank’s actions are underscored by the recent exemption received from the SEC, allowing BNY Mellon a unique advantage in how it categorizes customer crypto holdings. As the
