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
Exchanges
As the political landscape continues to be marred by contentious ties between influential figures and powerful corporations, recent calls from Democratic senators for a probe into President Donald Trump’s alleged connections with the cryptocurrency exchange Binance raise a multitude of ethical and regulatory questions. The underlying tension between financial innovation in cryptocurrency and the potential
In a bold move that could reshape the landscape of cryptocurrency trading, Coinbase has announced its intention to acquire the prominent derivatives platform Deribit for a staggering $2.9 billion. This acquisition, set to be the largest in Coinbase’s history, encapsulates the growing ambition of the cryptocurrency exchange to dominate the derivatives market—a sector that already
In a shocking revelation that has sent ripples through the cryptocurrency community, blockchain investigator ZachXBT has announced that Coinbase users were swindled out of $45 million in just one week due to social engineering scams—once again highlighting the precarious state of digital asset security. This isn’t merely a statistic; it’s a glaring indictment against a
In an exciting turn of events within the blockchain and payment landscape, Coinbase has delivered a groundbreaking open-source protocol known as x402. This innovation layers the popularly overlooked HTTP 402 “Payment Required” status code to facilitate seamless on-chain payments using stablecoins. Announced on May 6, this initiative marks a significant paradigm shift, where autonomous agents
The introduction of the Markets in Crypto-Assets (MiCA) regulations marks a watershed moment for the European crypto ecosystem. Regulations often come with a hefty dose of skepticism, yet they can serve as a catalyst for innovation, stability, and mainstream acceptance. In a world where consumer trust is paramount, MiCA establishes a framework that elevates user
The saga of the Ethereum-based Movement Network and its native currency, MOVE, underscores a turbulent phase in the cryptocurrency space. Initially celebrated as a formidable player with aspirations for significant market presence, MOVE recent plunge to a staggering low of $0.18—an 84% drop from its previous all-time high—serves as a grim reminder of the volatility
In an unexpected twist of fate, Robinhood is riding high on a wave of renewed enthusiasm from retail crypto traders. The platform proudly reported a staggering doubling of its crypto revenue, a remarkable feat that stood at $252 million in the first quarter of this year. This phenomenal rise propelled transaction-based revenue to a thrilling
In an increasingly digitized landscape, the tension between governmental oversight and individual privacy rights has reached a boiling point. Coinbase, a leading cryptocurrency exchange, is at the forefront of this struggle, having filed an amicus brief with the US Supreme Court. This move supports a constitutional challenge against the IRS’s sweeping summons for the financial
In recent months, the cryptocurrency landscape has become a bizarre theater of volatility, punctuated by tokens inspired by popular culture and political figures. A recent case that exemplifies this phenomenon is the TRUMP token, linked to the controversial meme coin initiative surrounding the former president. A staggering $20 million worth of these tokens was shifted