Riot Platforms, recognized as a major player in the cryptocurrency mining arena, recently secured a controversial $100 million credit agreement with Coinbase, leveraging its own Bitcoin assets as collateral. While at face value this seems like a calculated step towards growth, scrutiny reveals potential pitfalls that could undermine its long-term viability. This tactic may afford
Exchanges
The recent decision by the Alabama Securities Commission to withdraw its lawsuit against Coinbase marks a pivotal moment in the ongoing struggle between state regulators and cryptocurrency exchanges. This unexpected move, which reduces the number of active state-level legal actions from ten to five, highlights a potential shift toward a more collaborative approach in the
In a bold move that illustrates its commitment to enhancing user experience, Coinbase has expanded its self-service asset recovery tool to cover lost tokens on the Solana network. Announced on April 21, this feature not only emphasizes the ongoing evolution of cryptocurrency exchanges but also empowers users to reclaim unsupported SPL tokens sent to their
The cryptocurrency world thrives on anonymity and decentralization, aspects that were once heralded as the cornerstones of its revolutionary nature. However, the recent Bybit hack has revealed a grim truth: these very characteristics can empower malicious actors far too easily. With the revelation that nearly $400 million of stolen Ethereum has effectively vanished, we must
Vietnam stands on the brink of a crypto revolution, with its Ministry of Finance gearing up to launch a pilot trading platform, backed by Bybit’s expertise. This move comes at a pivotal time when the global cryptocurrency landscape is evolving rapidly, and Vietnam has emerged as a formidable player, ranking fifth in crypto adoption worldwide.
In the turbulent world of cryptocurrencies, the integrity of trading metrics can often be a façade, cleverly crafted by those looking to manipulate systems for personal gain. One of the most significant recent events illustrating this troubling reality is the case of the OM token, where orchestrated market activity created an illusion of liquidity and
When it comes to crypto exchanges, trust is paramount. Bybit’s recent decision to shutter a broad array of Web3 products by May 31 raises eyebrows and concerns among users who have relied on the platform for their digital asset management. The discontinuation of popular services such as the Cloud Wallet and Keyless Wallet represents not
The recent outage of Amazon Web Services (AWS) serves as a glaring reminder of the inherent vulnerabilities within centralized systems, particularly in the realm of cryptocurrency. On April 15, major crypto platforms like Binance and KuCoin found themselves grappling with connectivity issues, prompting temporary withdrawal suspensions. With AWS powering a significant portion of the cloud
The cryptocurrency world is no stranger to dramatic upswings and sudden downturns, but the catastrophic plunge of the OM token from $6.30 to a staggering low of $0.50 on April 13 is a striking reminder of the market’s volatility. During this plunge, over $5 billion evaporated from its market capitalization, sending shockwaves through the ecosystem
In a bold move that underscores the growing tensions between traditional banking and the burgeoning crypto industry, Coinbase has taken a firm stand against the Federal Deposit Insurance Corporation (FDIC). The exchange has filed a legal objection to the FDIC’s request for an extension regarding the release of documents connected to the alleged debanking of
The recent push by major South Korean banks to reform the country’s restrictive banking-to-crypto exchange policy is long overdue. The existing one-bank-per-exchange framework, first implemented in 2018, was ostensibly designed to bolster anti-money laundering measures. However, it has morphed into a bureaucratic nightmare that stifles competition and innovation. The rigid exclusivity of this system severely
In the heart of the cryptocurrency revolution, the listing of SUN (SUN) on Kraken, one of the world’s most reputable exchanges, is nothing short of monumental. This move is indicative of a broader trend where decentralized finance (DeFi) is becoming more mainstream, and platforms like Kraken are essentially bridging the gap between traditional finance and
The collapse of FTX, once viewed as a leading cryptocurrency exchange, led to seismic shifts in the financial landscape. Founded by Sam Bankman-Fried, the exchange’s downfall raised global eyebrows over the integrity and management of crypto platforms. Amidst allegations of fraud and financial mismanagement, Bankman-Fried’s conviction became a focal point in discussions about accountability in
The Australian Securities and Investments Commission (ASIC) has initiated a landmark lawsuit against Oztures Trading Ltd, which operates Binance Australia Derivatives, accusing the firm of inadequate consumer protection practices. The lawsuit centers on the misclassification of over 500 retail investors as wholesale clients, thereby depriving them of essential consumer safeguards that are typically provided under
