The cryptocurrency landscape is rife with developments that either uplift or unsettle market players, and the recent advent of perpetual futures for Pi Network’s token (PI) on Kraken exemplifies this volatility. On May 23, Kraken announced the ability for traders to engage with PI using leverage of up to 20x. However, the excitement was short-lived;
Exchanges
In a surprising twist in the world of digital finance, Binance, the preeminent crypto exchange, has decided to list the USD1 stablecoin, brought to life by the Donald Trump family-affiliated World Liberty Financial (WLFI). This announcement has not only raised eyebrows but also ignited a variety of reactions within the crypto community. Advocates herald it
Coinbase, one of the most prominent names in the cryptocurrency space, finds itself in turbulent waters following a data breach that revealed sensitive information of nearly 70,000 users. This shocking breach has not only raised alarms within the cybersecurity community but has also triggered a whirlwind of regulatory scrutiny. The implications of this incident extend
The ongoing litigation between Binance and FTX has ascended to critical heights, with Binance seeking to have FTX’s colossal $1.76 billion lawsuit dismissed entirely. The crux of Binance’s argument outlines that not only are the claims presented by FTX riddled with unsupported allegations, but they also lack jurisdiction in a U.S. court. FTX has established
Circle, a prominent player in the blockchain industry, is navigating a complex intersection of growth and potential acquisition as it prepares for its much-anticipated initial public offering (IPO). With aspirations targeting a $5 billion valuation, the stability and sustainability of its business model are now under the microscope. The current climate indicates that initial public
The world of cryptocurrencies, once characterized by its anonymity and revolutionary allure, is facing a new adversary: physical danger. As the value of cryptocurrencies like Bitcoin continues to rise, so do the threats against those who hold significant amounts. Crypto investors are no longer just concerned with price volatility and regulatory scrutiny; they must now
In a technology-driven society, where the lines between the digital world and our daily existence blur, social engineering scams have begun to pose an alarming threat. A recent incident involving Coinbase, one of the largest cryptocurrency exchanges, lays bare how rudimentary tactics employed by scammers can lead to significant losses and create a pervasive sense
In an unprecedented move, Coinbase’s CEO Brian Armstrong has openly invited employees of the US Department of Government Efficiency (DOGE) to consider transitioning to the cryptocurrency giant. In a world where bureaucracy often stifles innovation, Armstrong’s proposition resonates as both audacious and refreshing. The timing—announced on May 14—could not be better: it triggers an ongoing
In the rapidly evolving landscape of finance, the liquidity of cryptocurrency markets continues to lag behind that of traditional stock exchanges. A recent analysis by S&P Global paints a sobering picture of a fragmented market, plagued by design inefficiencies and the volatility inherent in the crypto realm. While centralized platforms like Binance and Coinbase are
The recent activation of the withdrawal window for former FTX EU customers by Backpack marks a notable moment in the tumultuous saga following the collapse of one of the world’s largest cryptocurrency exchanges. However, while the move has been heralded as a step toward restoring funds lost by users in Europe, several underlying issues raise