The recent plunge of MOVE, the native token of the Ethereum-powered Movement Network, marks a sobering moment in the cryptocurrency landscape, particularly as it follows the bombshell announcement by Coinbase that it would delist the token. Set to take effect by mid-May 2023, the delisting is a crucial indicator of Coinbase’s confidence—or lack thereof—in MOVE’s
Exchanges
In the tumultuous world of finance, where fortunes can shift with the flick of a finger, Robinhood’s recent success story of doubling its crypto revenue to $252 million in the first quarter highlights a significant revival in retail trading. This meteoric rise signifies that individual traders, often dismissed as mere speculators, are playing an increasingly
Coinbase, a leading cryptocurrency exchange, has recently positioned itself as a beacon of hope for user privacy amid increasing governmental overreach. Their filing of an amicus brief with the US Supreme Court against the Internal Revenue Service (IRS) raises critical questions about the scope of digital privacy rights. By challenging the IRS’s broad data collection
In a financial landscape that seems increasingly intertwined with the whimsical yet precarious meme economy, the recent movement of nearly $20 million worth of TRUMP tokens out of an official wallet associated with the ex-president’s memecoin project raises fundamental questions about confidence, promotion, and the potential for insider manipulation. This particular event unfolded on April
In one of the more perplexing stories emerging from the crypto landscape, the trading platform Bitget finds itself at the center of a turbulent scandal involving the VOXEL token. The exchange’s decision to pursue legal action against eight users has sparks flying, particularly when these individuals are believed to have netted over $20 million from
The cryptocurrency landscape is witnessing a transformative moment, one that many have anticipated but few have embraced as understandingly as now. A pivot in the Bitcoin narrative emerges as centralized exchange supplies tumble, reaching a historic low not seen since 2019. Current data notes that a mere 2.5 million BTC remain available on exchanges, marking
Coinbase, a major player in the cryptocurrency marketplace, finds itself under siege as five U.S. states—California, New Jersey, Maryland, Washington, and Wisconsin—launch lawsuits against its staking programs. Ostensibly, these lawsuits seek to address alleged violations regarding the classification of staking services as unregistered securities. However, such aggressive legal maneuvers raise questions about the fundamental rights
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
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
