Bitget’s announcement regarding its intent to take legal action against eight users allegedly reaping more than $20 million from a trading glitch raises critical eyebrows. In a financial landscape already strained by volatility and uncertainty, this incident punctuates the dangers lurking in the realm of cryptocurrency exchanges. The so-called “wool-pulling interest group,” which Bitget’s executive
Exchanges
In the world of cryptocurrencies, data from CryptoQuant reveals a stark reality: the amount of Bitcoin (BTC) available on centralized exchanges has plummeted to levels not seen since 2019—while this may sound alarming at first, it is profoundly bullish. As of late April 2025, a mere 2.5 million BTC sits on exchanges, which stands as
It’s alarming to see how five U.S. states are coordinating efforts to bring lawsuits against Coinbase’s staking program, despite the considerable benefits it offers users. This situation is more than just a legal debate; it’s a crucial standoff between regulatory bodies and innovative financial technology. These states—California, New Jersey, Maryland, Washington, and Wisconsin—argue that Coinbase’s
It’s alarming to see how five U.S. states are coordinating efforts to bring lawsuits against Coinbase’s staking program, despite the considerable benefits it offers users. This situation is more than just a legal debate; it’s a crucial standoff between regulatory bodies and innovative financial technology. These states—California, New Jersey, Maryland, Washington, and Wisconsin—argue that Coinbase’s
In an intriguing move, Riot Platforms has secured a $100 million credit agreement with Coinbase, utilizing its own Bitcoin assets as collateral. This decision certainly raises eyebrows, as it illustrates a dual-edged sword: while financial leverage can enhance growth prospects, it also exposes the firm to heightened risk in an already volatile market. With Riot
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
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