In a significant move to enhance the accessibility of cryptocurrency staking, Kraken Exchange has revealed its integration with EigenLayer, a protocol designed to facilitate restaking of Ethereum (ETH). Announced on October 15, this partnership is expected to democratize restaking, which has previously been perceived as a complex process reserved for tech-savvy enthusiasts. By aligning their
Exchanges
The ongoing case surrounding Tigran Gambaryan, a high-ranking executive at cryptocurrency exchange Binance, has cast a shadow over the company’s operations in Nigeria. Gambaryan has been in custody since February, after being implicated in a significant money laundering scandal estimated at $35 million. Initially detained alongside Nadeem Anjarwalla, Binance’s Africa Regional Manager, Gambaryan’s situation has
The cryptocurrency landscape has witnessed a significant shift over the past few years, particularly with the rise of derivatives trading. Arkham Intelligence is poised to make a significant impact in this sector, as it prepares to launch its own crypto derivatives exchange next month. According to reports from Bloomberg News on October 11, the forthcoming
South Korea, a nation at the forefront of the cryptocurrency revolution, is now grappling with regulatory challenges stemming from the dominance of its largest trading platform, Upbit. Recent announcements from the Financial Services Commission (FSC) reveal a forthcoming investigation aimed at understanding the extent of Upbit’s influence on the broader virtual asset market. The FSC
The 2016 Bitfinex hack remains a watershed moment in the history of cryptocurrency exchanges, influencing both market dynamics and regulatory considerations in the years that followed. The theft of approximately 120,000 BTC, an incident that sent shockwaves throughout the crypto community, has recently come back into focus following a U.S. government filing indicating that Bitfinex
On October 7, Bitget exchange’s native token, BGB, experienced a dramatic drop from $1.15 to as low as $0.5344 within a short span of ten minutes. This unprecedented volatility raised eyebrows among traders and investors as the sudden fluctuation brought about a wave of uncertainty in the market. Although BGB partially recovered shortly after its
The landscape of cryptocurrency has been marred by a significant backlash against privacy tokens, with a staggering 60 delistings reported by centralized exchanges in 2023 alone, marking the highest level since 2021. According to a comprehensive report by Kaiko, notable cryptocurrencies such as Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash
Bybit, a leading cryptocurrency exchange, has made waves in the financial sector with the introduction of its Islamic crypto account, announced on September 24. This innovative account seeks to cater to the needs of Muslim traders, aligning digital asset trading with Shariah principles. In a recent announcement on social media, Bybit’s CEO Ben Zhou proclaimed
Since its inception in 2017, Binance has made remarkable strides in the cryptocurrency marketplace, recently announcing that it has processed over $100 trillion in trades. This impressive milestone was articulated by CEO Richard Teng in a post on the X platform dated September 24. He highlighted that this monumental figure is not just a number;
Ethena Labs, the innovative creator of the synthetic dollar asset known as USDe, is on the verge of potentially transformational changes through a new proposal that could reshape its ecosystem. With the cryptocurrency landscape constantly evolving, the need for robust solutions that enhance utility and demand is increasingly pertinent. The recent proposal for Ethereal, a