In the cryptocurrency world, few events have echoed as loudly as the collapse of the FTX exchange. Once hailed as a beacon of innovation in digital finance, FTX plummeted from grace, leaving a trail of devastation for investors and confidence in the cryptocurrency sector. Central to this downfall are key figures like Nishad Singh, the
Exchanges
The ongoing legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to take unexpected turns, particularly with the SEC’s recent filing of a Civil Appeal Pre-argument statement. This document signifies the commission’s intent to contest certain aspects of a prior ruling that has significant implications for Ripple and the broader
On October 17, Kraken made waves in the cryptocurrency arena by launching its new wrapped Bitcoin (wBTC) product known as kBTC. This innovative ERC-20 token is designed to capitalize on the rapidly growing demand for wrapped Bitcoin, a market currently dominated by BitGo’s Wrapped Bitcoin (WBTC). Kraken’s entry not only denotes an expansion of its
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
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