The cryptocurrency landscape has witnessed an unprecedented surge in the creation of new tokens, accelerating at a staggering rate that has the industry buzzing. Over 1 million new tokens are reportedly launched weekly, marking a new era of digital asset proliferation. This rapid innovation can be attributed to user-friendly platforms that enable individuals with limited
Exchanges
In a pivotal move for the beleaguered cryptocurrency exchange WazirX, the Singapore High Court has granted Zettai Pte Ltd permission to convene a meeting with its creditors. This development is not merely procedural; it represents a critical juncture for Zettai as it seeks to navigate the tumultuous waters following a staggering $230 million cyber breach
In a significant step toward establishing a regulated cryptocurrency environment in Europe, OKX, a prominent digital asset exchange, has received a pre-authorization license under the Markets in Crypto-Assets Regulation (MiCA). This unprecedented move, announced on January 23, underscores the exchange’s ambition to expand its operations throughout the European Economic Area (EEA) from its base in
In a stark reminder of the vulnerabilities that exist within the cryptocurrency ecosystem, Singapore’s prominent exchange, Phemex, has suspended all withdrawal activities following a severe security breach that resulted in the loss of approximately $37 million. The announcement came on January 23, as the company launched an urgent examination of its security protocols and wallet
Recent reports have ignited substantial buzz in the cryptocurrency space, suggesting that CME Group might be on the brink of launching futures contracts for Solana (SOL) and XRP. This development, which came to light through a post on social media by an X user named Summers, drew attention when screenshots of a purported CME testing
In recent months, users of Coinbase have experienced significant delays in processing Solana transactions. These delays have been particularly pronounced during periods of heightened trading activity, which has left many users frustrated. Specifically, the surge in activity surrounding Donald Trump-themed memecoins exacerbated existing congestion on the Solana network, preventing users from executing transactions promptly. Reports
In a noteworthy development within the cryptocurrency sector, Coinbase has moved to dismiss a lawsuit filed by BiT Global which disputes the exchange’s decision to delist Wrapped Bitcoin (wBTC). This situation arises in the wake of a court’s previous rejection of BiT Global’s effort to halt the delisting via a judicial injunction. The conflict presents
SwissBorg, a prominent wealth management platform in the cryptocurrency space, has taken a significant step forward by integrating Avalanche into its Meta-Exchange (MEX). This strategic move, announced on January 21, aims to make cross-chain trading as simple as possible for users. Traditionally, interacting with multiple blockchain networks has been a cumbersome and complicated process for
In a groundbreaking announcement, Binance, the world’s leading cryptocurrency exchange, reported that its user base engaged in a staggering $26 billion worth of peer-to-peer remittances from 2022 to 2024. This achievement has not only highlighted the growing adoption of crypto as a viable alternative for traditional remittance channels but also underscored how these transactions have
In a pivotal decision, the Third Circuit Court of Appeals has afforded Coinbase a significant yet partial victory in its ongoing confrontation with the Securities and Exchange Commission (SEC). This ruling serves not only as a legal landmark but also as a commentary on the broader issues surrounding cryptocurrency regulation in the United States. As