In a groundbreaking announcement made on October 15, Kraken, one of the leading cryptocurrency exchanges, revealed its integration with EigenLayer. This development allows users to restake their Ethereum (ETH) directly through the Kraken platform. The collaboration is aimed at streamlining the restaking process, making it more accessible to a broader segment of the crypto community.
Exchanges
The detention of Tigran Gambaryan, a prominent executive at Binance, has raised significant questions about legal processes and human rights within Nigeria’s judicial system. On October 11, 2023, the High Court in Abuja denied Gambaryan’s most recent bail request. This decision follows a troubling pattern of bureaucratic complications and the handling of high-profile cases, particularly
In a noteworthy strategic development, Arkham Intelligence is poised to launch its own crypto derivatives exchange next month. According to a report by Bloomberg News dated October 11, this venture is already creating ripples within the cryptocurrency market, evident from a significant 12% increase in the value of its native token, ARKM. This increase comes
The Financial Services Commission (FSC) of South Korea is embarking on a significant investigation into Upbit, the country’s premier cryptocurrency exchange. With the popularity of digital assets exploding, the FSC’s scrutiny highlights an urgent need to examine not only Upbit’s market dominance but also the intricate relationship it maintains with K Bank, South Korea’s foremost
The 2016 hack of Bitfinex, one of the world’s largest cryptocurrency exchanges, remains etched in the annals of crypto history as a cautionary tale about security vulnerabilities. Recent developments in legal proceedings suggest that Bitfinex may be recognized as the primary victim of this cyberattack, which led to the theft of approximately 120,000 BTC. This
On October 7, the cryptocurrency market witnessed a stark incident involving Bitget exchange’s native token, BGB. The value of BGB plummeted dramatically from $1.15 to $0.5344 in a matter of minutes, igniting panic among traders and investors alike. The rapid descent lasted a mere ten minutes, but the ramifications were significant, leading Bitget to promptly
The landscape of cryptocurrency trading is rapidly evolving, particularly in the realm of privacy tokens. A recent report from Kaiko highlights a staggering figure: nearly 60 privacy tokens were delisted by centralized exchanges in 2023, marking a decline unprecedented since 2021. This significant downturn underscores the mounting pressures these tokens face, including intensified regulatory scrutiny
In a groundbreaking move for the cryptocurrency industry, Bybit, a prominent crypto exchange, has announced the launch of an Islamic crypto account specifically designed for Muslim traders. This initiative was publicly disclosed by Bybit’s CEO, Ben Zhou, via a post on X (formerly Twitter) on September 24. The introduction of this account marks a notable
In a striking revelation, Binance, the prominent cryptocurrency exchange, has celebrated a historic achievement by processing an astounding $100 trillion in crypto trades since its inception in 2017. CEO Richard Teng announced this significant milestone on September 24 via a post on the social media platform X, underscoring the monumental scale of trading activity that
Ethena Labs, the innovative mind behind the synthetic dollar known as USDe, finds itself at a crucial juncture. The asset, once heralded as a frontrunner among stablecoins, is confronting escalating competitive pressures that have resulted in a significant decrease in its market capitalization—over $1 billion in just a few months. As of now, USDe’s market
Bithumb, South Korea’s prominent crypto exchange, is making waves by announcing its intention to pursue a potential public listing in the United States—a move that could significantly reshape its operational landscape and elevate its market position. Reports from local media around its shareholders meeting on September 30 reveal that Bithumb aims to target a Nasdaq
In a recent announcement, Kraken, one of the leading cryptocurrency exchanges, revealed its decision to terminate trading support for Monero (XMR) in the European Economic Area (EEA) by the end of October 2024. This move aligns with a growing wave of regulatory scrutiny focused on cryptocurrencies that prioritize privacy. Unlike many other cryptocurrencies, Monero has
Gemini, the well-known cryptocurrency exchange, has officially declared its intention to exit the Canadian market by the end of 2024. This announcement, made via an email to its Canadian customers on September 30, indicates that all existing accounts will be closed by December 31, 2024, with a timeframe of 90 days provided for users to
The cryptocurrency market has recently been shaken to its core by high-profile legal cases, most notably the downfall of FTX, once a leading cryptocurrency exchange. Central to this saga is the sentencing of Caroline Ellison, former CEO of Alameda Research, who was heavily implicated in the financial misdoings that led to FTX’s spectacular collapse. As