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
Exchanges
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 This outdated regulation, put in place as a precaution against money laundering back in 2018,
The recent listing of the SUN token on Kraken represents more than just another entry in the bustling cryptocurrency market; it serves as a potential inflection point for the TRON ecosystem. With its total value locked (TVL) exceeding $649 million, SUN.io has distinguished itself as a leading platform for decentralized finance (DeFi) within the TRON
In a world increasingly enamored with digital assets, the role of custodians becomes ever more significant. BlackRock’s recent decision to enhance its iShares Bitcoin Trust (IBIT) custodial structure by introducing Anchorage Digital Bank N.A. as a secondary custodian is not just a bureaucratic update; it’s a bold statement of intent in the evolution of cryptocurrency
In a significant move that has sent ripples through the world of cryptocurrency, a Nigerian court has decided to adjourn the tax evasion case against crypto giant Binance until April 30. This postponement serves as a critical backdrop against the staggering $2 billion claim for back taxes coupled with an audacious $79.5 billion demand for
Coinbase Derivatives is poised to make a game-changing move within the cryptocurrency arena with its recent filing to launch an XRP futures contract. This initiative, pending approval from the US Commodity Futures Trading Commission (CFTC), not only aims to enhance Coinbase’s product offerings but, more intriguingly, it could elevate the status of XRP in the
In the rapidly evolving world of finance, the emergence of decentralized finance (DeFi) represents a monumental shift that disrupts traditional banking. Among the key players, JUST (JST) has risen to prominence, primarily due to its strong infrastructure built on the TRON network. What sets JUST apart? Launched in 2020 by the innovative JUST Foundation, this