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
Exchanges
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
Bybit, a leading cryptocurrency exchange, has made waves in the financial sector with the introduction of its Islamic crypto account, announced on September 24. This innovative account seeks to cater to the needs of Muslim traders, aligning digital asset trading with Shariah principles. In a recent announcement on social media, Bybit’s CEO Ben Zhou proclaimed
Since its inception in 2017, Binance has made remarkable strides in the cryptocurrency marketplace, recently announcing that it has processed over $100 trillion in trades. This impressive milestone was articulated by CEO Richard Teng in a post on the X platform dated September 24. He highlighted that this monumental figure is not just a number;
Ethena Labs, the innovative creator of the synthetic dollar asset known as USDe, is on the verge of potentially transformational changes through a new proposal that could reshape its ecosystem. With the cryptocurrency landscape constantly evolving, the need for robust solutions that enhance utility and demand is increasingly pertinent. The recent proposal for Ethereal, a
Bithumb, recognized as South Korea’s second-largest cryptocurrency exchange, has unveiled its intention to explore a public listing in the United States. This announcement came during a shareholders meeting held on September 30, as reported by local media outlet Dnews. The exchange is eyeing a Nasdaq listing, potentially in the latter half of 2025, a move
In a significant move reflective of the tightening regulatory environment in Europe, Kraken has announced the discontinuation of support for Monero (XMR) within the European Economic Area (EEA) by the end of October 2024. This decision underscores the growing apprehension among cryptocurrency exchanges regarding compliance with regional regulations. The halting of trading and deposits across
The world of cryptocurrency exchanges is rapidly evolving, with regulatory landscapes frequently influencing business decisions. A significant development arose when Gemini, a prominent crypto exchange, announced its plan to cease operations in Canada by the close of 2024. This decision was communicated to customers via an email on September 30, which stated that all accounts
The dramatic implosion of FTX, once a titan of the cryptocurrency industry, sent shockwaves throughout financial markets. Central to this saga is Caroline Ellison, former CEO of Alameda Research and once associated with disgraced entrepreneur Sam Bankman-Fried (SBF). Recently, Ellison was sentenced to two years in prison and ordered to forfeit an astonishing $11 billion
In July, WazirX, a prominent Indian cryptocurrency exchange, found itself grappling with the repercussions of a staggering $230 million hack. As a consequence, the exchange has struggled not only to recover lost assets but also to maintain user trust amidst a cloud of controversy. Initially seeking a six-month moratorium to navigate through this intricate crisis,