The recent decision by the Alabama Securities Commission to withdraw its legal action against Coinbase regarding its staking program is both significant and alarming. Initially, Alabama was one of ten states actively pursuing enforcement actions against the crypto giant, but with this strategic retreat, the number has now decreased to five. This move seems to
Exchanges
In a groundbreaking move, Coinbase has expanded its self-service asset recovery tool to accommodate lost tokens on the Solana network. A significant step for any serious cryptocurrency enthusiast, this feature allows users to reclaim various unsupported SPL tokens without the hassle of navigating customer support bureaucracy. The modern crypto landscape is riddled with complexities, and
The recent Bybit hack has unveiled a troubling reality about the vulnerabilities within our digital finance systems. The incident, which saw an astonishing $1.4 billion in Ethereum stolen, has turned into a cat-and-mouse game between law enforcement and hackers using advanced anonymity techniques. As of April 21, CEO Ben Zhou disclosed that approximately $400 million
Vietnam, a nation that has navigated through economic upheaval and transformation over the decades, is now making bold strides in the realm of cryptocurrency. The Ministry of Finance’s ambitious plan to establish a pilot crypto trading platform, aided by the expertise of Bybit, marks a pivotal moment for the country. With Vietnam ranked fifth globally
The world of cryptocurrency is often portrayed as a bastion of innovation and financial autonomy. However, a recent incident involving the OM token has shone a glaring light on the dark underbelly of this burgeoning market. Allegations have surfaced suggesting that the Mantra team, in conjunction with market makers, orchestrated a scheme to manipulate liquidity
The announcement made by Bybit to discontinue several of its Web3 services by the end of May marks a significant and, frankly, controversial pivot for the crypto exchange. On April 16, the company revealed its decision, framing it as a strategic move toward enhanced growth and innovation. However, the harsh reality is that the shutdown
On April 15, the cryptocurrency world experienced a considerable jolt when Amazon Web Services (AWS) suffered a blackout that left a trail of disarray across numerous high-profile crypto platforms. Major players like Binance, the kingpin of crypto exchanges, and KuCoin faltered under the weight of this disruption. Suddenly, the glamour of decentralized digital currencies stood
The cryptocurrency market is notorious for its volatility, but few disasters resonate as profoundly as the catastrophic fall of the OM token, native to the Mantra blockchain, on April 13. Within a mere 24 hours, the token plummeted from an already precarious $6.30 to a staggering low of under $0.50, erasing an astounding $5 billion
In a dramatic legal confrontation, Coinbase has taken a stand against the Federal Deposit Insurance Corporation (FDIC) over what it perceives as blatant attempts to delay transparency concerning the agency’s interactions with cryptocurrency firms. On April 10, Coinbase’s Chief Legal Officer, Paul Grewal, publicly decried the FDIC’s request for a 16-day extension on document releases
South Korea’s financial landscape is at a crossroads, and the banks are clamoring for a critical shift in policy regarding cryptocurrency exchanges. Presently, the one-bank-per-exchange rule creates an archaic limitation that not only hinders competition but also suffocates consumer choice. This outdated regulation, put in place as a precaution against money laundering back in 2018,