The cryptocurrency exchange space is marked by rapid evolution and persistent challenges, particularly when it comes to security. The recent announcement from WazirX, which plans to launch a decentralized exchange (DEX), offers a glimpse into how platforms are adapting to growing user concerns. This strategic pivot is particularly noteworthy in the aftermath of one of
Exchanges
The cryptocurrency landscape is witnessing rapid evolution, and Crypto.com is positioning itself at the forefront of this transformation. With plans to introduce innovative products and services in 2025, the Singapore-based exchange is poised to redefine the interaction between traditional finance and blockchain technology. As it prepares for a “transformational year” for the crypto sector, Crypto.com
In the aftermath of the catastrophic collapse of the FTX exchange, the company initiated legal action against Ryan Salame, its former co-CEO of the Bahamian subsidiary. The lawsuit, filed on November 4, aims to reclaim approximately $98.8 million in a mix of cash and cryptocurrencies believed to be improperly obtained during Salame’s tenure. This situation
In a noteworthy development in the cryptocurrency space, Mt. Gox, the once-dominant exchange that fell into disarray following a major hack in 2014, has transferred over $2 billion worth of Bitcoin into two new wallets. This transfer, which took place on November 4, was confirmed by data from Arkham Intelligence, a blockchain analytics platform. This
The cryptocurrency landscape is not just marked by rapid innovation and burgeoning technologies; it is also a realm of intense debates and disputes, especially regarding processes and fees associated with coin listings on major exchanges. Recently, a contentious exchange unfolded when Tron Network’s founder Justin Sun and Sonic Labs’ co-founder Andre Cronje challenged the assertions
On October 31, M2, a cryptocurrency exchange operating out of the United Arab Emirates, faced a serious security breach that resulted in the theft of approximately $13.7 million in digital assets. The breach occurred around 3:16 A.M. and was publicly acknowledged by M2 on November 1. Despite the rapid response from their team, significant financial
The ever-evolving landscape of cryptocurrency regulation has become a focal point of contention within the financial sector. As calls for clearer guidelines intensify, Coinbase CEO Brian Armstrong has recently spotlighted the troubling inconsistencies exhibited by the US Securities and Exchange Commission (SEC). His remarks, announced through a post on X, articulate a urgent appeal for
A recent in-depth analysis by Animoca Research has shed light on the disappointing performance of cryptocurrency tokens listed on major exchanges from January to September of this year. The findings indicate that tokens listed on these platforms experienced a median performance decline ranging from 40% to 70%. This stark statistic signals a challenging environment for
On October 29, 2023, Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, announced that it has achieved in-principle approval from Singapore’s Monetary Authority (MAS) for cross-border money transfer and digital payment token services. This significant milestone indicates a shifting tide in the global cryptocurrency landscape, as more companies aim to solidify their presence in
In a significant announcement, Binance, the world’s largest cryptocurrency exchange by trading volume, is partnering with Amazon Web Services (AWS) to integrate advanced generative AI solutions into its operations. This strategy aims to elevate user experience through enhanced onboarding procedures, improved customer service, and optimized internal systems. With an evolving digital landscape, Binance’s decision reflects