In a recent announcement that echoes the concerns of many users, Coinbase CEO Brian Armstrong addressed ongoing frustrations regarding transaction delays experienced on the Solana blockchain. With a commitment to improving service quality, Armstrong indicated that the issues causing slow processing times for Solana transactions have been resolved. This comes after significant user complaints and
Exchanges
Recent developments have ignited considerable buzz within the cryptocurrency sector, particularly regarding the possibility of CME Group launching futures contracts for Solana (SOL) and XRP. On January 22, social media platforms saw an influx of reports and images suggesting that CME Group might be preparing to enter this emerging market segment. As of now, there
Coinbase, one of the leading cryptocurrency exchanges, has recently found itself embroiled in a legal dispute with BiT Global following the delisting of Wrapped Bitcoin (wBTC) from its platform. This decision, deemed necessary by Coinbase due to the perceived risks associated with Justin Sun, the controversial founder of the Tron blockchain, has sparked considerable backlash.
In an age where financial technology is evolving at lightning speed, traditional remittance systems often lag behind, ensnared by high fees and sluggish processing times. Binance, recognized as the foremost cryptocurrency exchange by trading volume, has taken significant strides to address these issues. Recent data reveals that from 2022 to 2024, users on Binance engaged
On January 16, 2024, Coinbase announced an innovative partnership with the decentralized money market Morpho, marking a pivotal shift in how users can leverage their cryptocurrency holdings. This collaboration presents a unique loan service that allows Coinbase users to borrow USD Coin (USDC) while securing the loan with Bitcoin (BTC) as collateral. By processing these
The notorious hack of Bitfinex in 2016 remains a pivotal moment in the history of cryptocurrency exchanges, highlighting vulnerabilities in even the most secure environments. Approximately 120,000 Bitcoin (BTC)—at the time worth around $72 million—was stolen from the exchange, directly impacting users and the industry’s reputation. Following this breach, Bitfinex implemented measures to alleviate the
On January 15, the US Department of Justice (DOJ) made headlines by imposing a $100 million fine on BitMEX and its parent company, HDR Global Trading Limited, for breaching the Bank Secrecy Act (BSA). This landmark case underscores ongoing challenges within the cryptocurrency industry regarding regulatory compliance, particularly concerning anti-money laundering (AML) and know-your-customer (KYC)
In a significant stride for its international ambitions, HashKey Group, a prominent digital asset firm headquartered in Asia, has announced the acquisition of in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This announcement, made on January 13, signals the firm’s commitment to expanding its footprint
Polymarket, a decentralized prediction market platform, finds itself under immense scrutiny from both regulatory bodies and public opinion following controversial betting markets. Recent developments indicate that the US Commodity Futures Trading Commission (CFTC) is actively investigating Polymarket’s operations, especially concerning its markets related to the ongoing wildfires in California. This situation raises significant ethical and
The recent turmoil surrounding the bankrupt crypto exchange FTX and its proposed sale of FTX EU to Backpack has raised numerous questions about corporate governance, legal implications, and the rights of affected customers. FTX, once a prominent player in the cryptocurrency market, filed for bankruptcy in late 2022, leaving many of its users and creditors