Coinbase recently announced its second-quarter earnings, reporting total revenue of $1.449 billion. This figure exceeded market expectations, showcasing the company’s strong revenue growth. In comparison to the same period last year, Coinbase’s income more than doubled from $674.1 million to $1.449 billion. A particularly noteworthy highlight from Coinbase’s Q2 report was its net income of
Exchanges
The latest data reveals an interesting shift in the world of cryptocurrency trading. Decentralized exchanges (DEXs) have seen a significant surge in trading volume, surpassing centralized exchanges (CEXs) for the first time in history. This trend was highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is currently at an all-time
Zoomex, an innovative crypto exchange platform, has made a name for itself by prioritizing user privacy and anonymity. Unlike many other exchanges that require extensive Know Your Customer (KYC) verification processes, Zoomex does not mandate KYC. This policy ensures that users can trade confidently, knowing their personal data remains private and secure. This emphasis on
WazirX recently conducted a preliminary investigation into a sophisticated cyber attack on its multi-signature Ethereum wallet. The attack, which took place earlier this month, raised significant concerns within the crypto community. Initially, the exchange attributed the hack to an issue with its custody service provider, Liminal, but further investigation revealed a different story. Investigation Findings
In a significant milestone towards closure for the victims of the infamous 2014 Mt. Gox hack, crypto exchange Bitstamp has announced that it has initiated the process of returning recovered digital assets to creditors. This marks a long-awaited step towards reimbursing those affected by one of the most devastating incidents in the history of cryptocurrency.
In the wake of a significant exploit that resulted in the loss of nearly half of its assets, India-based centralized exchange WazirX is actively seeking partnerships to restore full operations. The exchange’s co-founder, Nischal Shetty, took to social media to share the news with users, stating that they are working on a solution to help
The crypto industry is currently on edge, anxiously awaiting the possibility of a second term for former President Donald Trump. Trump has made promises to end President Joe Biden’s perceived “crusade against crypto,” causing industry players to speculate on the potential outcomes of a Trump presidency. As polls show an increasing likelihood of Trump winning
Recently, a US court granted Binance US permission to invest a portion of its customer fiat funds, currently held at BitGo, in US Treasury Bills. The exchange requested court approval to invest around $40 million in $10 million increments over four weeks. This move will allow Binance US to utilize a trading account on TreasuryDirect
Recently, there was a significant hack at the India-based crypto exchange WazirX, resulting in an estimated $235 million loss. Liminal, a multiparty computation (MPC) wallet provider, has released a post-mortem report shedding light on the incident. In this article, we will critically analyze the details provided in the report to understand the root cause of
Recently, blockchain security firm Cyvers Alert reported a significant security breach at the Indian exchange WazirX, resulting in the exploitation of approximately $235 million. The firm’s system detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network, where a total of $234.9M of funds were transferred to a new address. It was