Celo, a significant player in the blockchain arena, has recently made headlines due to its planned transition from a Layer-1 network to an Ethereum Layer-2 solution within the innovative Optimism Superchain ecosystem. This landmark shift, while promising in terms of scaling and interoperability, has sparked considerable debate within the cryptocurrency community. Following an announcement from
Exchanges
In a significant development, FTX and its associated debtors have outlined plans to implement their Chapter 11 Plan of Reorganization by January 2025. This initiative aims to provide a structured framework for distributing funds to creditors and affected customers. The announcement clarified that December will be a pivotal month, during which FTX intends to finalize
In the realm of cryptocurrency, cyberattacks have become alarmingly prevalent, with hacks growing in scale and sophistication. Among these incidents, the 2019 hack of South Korea’s Upbit exchange stands out as one of the most audacious. It was revealed that North Korean hackers orchestrated a massive theft, resulting in the loss of 342,000 Ethereum (ETH),
In a significant move, Coinbase has declared that it will terminate trading pairs for Wrapped Bitcoin (WBTC) across its exchange and Prime platforms, effective December 19. This announcement, made on November 19, highlights the platform’s commitment to maintaining its stringent listing standards, which WBTC apparently failed to meet. The decision comes as part of a
On November 18, Binance announced the launch of its new yield-bearing stablecoin, BFUSD, aimed at enhancing the trading experience for futures and perpetuals traders. This innovative financial instrument offers a formidable annual percentage yield (APY) of approximately 19.55%, permitting users to earn daily rewards simply by holding BFUSD in their futures accounts. Notably, there is
In a bold move to expand its operations into the rapidly evolving cryptocurrency market, Donald Trump’s media organization, Trump Media and Technology Group (TMTG), is reportedly in advanced talks to acquire Bakkt, a cryptocurrency trading platform owned by the Intercontinental Exchange (ICE). This strategic shift, as reported by the Financial Times on November 18, signifies
Recent findings by the South Korean government have brought serious allegations against Upbit, the nation’s largest cryptocurrency exchange, surrounding significant breaches of Know-Your-Customer (KYC) protocols. The Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) discovered these issues during a standard review linked to Upbit’s license renewal process. The uncovered potential violations, estimated to
In a significant turn of events within the cryptocurrency sector, Delhi Police have intensified their investigation into the staggering $235 million breach involving the popular crypto exchange, WazirX. The unfolding narrative highlights key players, strategic responses, and the competitive tension between WazirX and its digital asset custody provider, Liminal. With one arrest already made, this
In the wake of the recent U.S. elections, Binance has exhibited a remarkable financial resurgence, recording over $7 billion in inflows, as reported on November 12. This surge, instigated by the election results on November 5, wherein former President Donald Trump emerged victorious, has placed Binance far ahead of its closest rival, OKX, which managed
In the ever-evolving landscape of cryptocurrency, few phenomena have captivated investors quite like memecoins. Driven largely by community engagement and social media trends, these tokens can experience meteoric rises or catastrophic falls within days. Recently, significant scrutiny has been cast upon Binance, the leading cryptocurrency exchange, over its choice to list certain Solana-based memecoins like
