Recent allegations have been made against cryptocurrency exchange Coinbase, suggesting that the company may have breached campaign finance laws. The accusations stem from a $25 million donation made by Coinbase to Fairshake, a crypto Super Political Action Committee (PAC). It has been claimed that this donation took place while the exchange was in negotiations for
Exchanges
The recent announcement by Bybit to end its operations in France due to regulatory issues has raised concerns within the crypto community. Bybit cited new regulatory developments from the French regulator as the reason behind this decision, hinting at potential licensing issues. This move has left many French crypto investors disappointed, as they will no
In a surprising turn of events, the Solana network has surpassed Ethereum in monthly decentralized exchange (DEX) volume in July. According to DefiLlama data, Solana’s DEX transactions reached $55.8 billion, outpacing Ethereum’s $53.8 billion for the same period. This marks Solana’s second-highest monthly volume, with its peak reaching $60.7 billion in March 2024. The surge
Coinbase recently announced its total revenue for the second quarter, which surpassed market expectations. The company reported a total revenue of $1.449 billion, showcasing significant growth compared to the same period last year. The increase in revenue highlights the exchange’s ability to capitalize on the growing cryptocurrency market. Additionally, Coinbase’s net income for the quarter
The decentralized exchanges (DEXs) have reached a milestone with their trading volume surpassing centralized exchanges (CEXs) for the first time. This shift was highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is currently at an all-time high relative to CEXs. This achievement reflects a growing trend in the crypto market
Zoomex’s commitment to user anonymity sets it apart in the competitive crypto exchange market. Unlike many other exchanges that require extensive Know Your Customer (KYC) verification processes, Zoomex does not mandate KYC. This policy ensures that users can trade confidently, knowing their personal data remains private and secure. The emphasis on privacy appeals to traders
Recently, WazirX conducted a preliminary investigation into a sophisticated cyber attack on its multi-signature Ethereum wallet and found no evidence indicating the compromise of WazirX signers’ machines. The attack, which took place earlier this month, has raised significant concerns within the crypto community. Initially, the exchange attributed the hack to an issue with its custody
Bitstamp has announced the commencement of the process of returning recovered digital assets to creditors of the defunct Mt. Gox exchange. This development represents a significant milestone in the decade-long effort to reimburse those affected by the infamous 2014 hack that led to Mt. Gox’s collapse. Bitstamp, alongside Kraken and three other exchanges, is working
Following a major exploit, India-based centralized exchange WazirX has been struggling to restore its full operations. The exchange’s co-founder, Nischal Shetty, took to social media to share the challenges they are facing and the efforts being made to find a solution. With nearly half of its assets lost in the exploit, WazirX is actively seeking
The looming possibility of a second Trump presidency has sparked both excitement and concern within the crypto industry. While many are hopeful for a more crypto-friendly regulatory environment under Trump, there are apprehensions about the future of overseas crypto firms. According to reports, foreign exchanges like Binance, OKX, and Deribit may face challenges in their
Recently, a US court has granted Binance US permission to invest a specific amount of customer fiat funds, currently held at BitGo, in US Treasury Bills. The exchange requested court approval to invest around $40 million in increments of $10 million over four weeks. These investments will be made through a trading account on TreasuryDirect
The recent hack on India-based crypto exchange WazirX has brought attention to the security infrastructure of multiparty computation (MPC) wallet provider Liminal. In their post-mortem report released on July 19, Liminal stated that their system remained secure and was not compromised in the breach that resulted in an estimated loss of $235 million. Analysis of
Cryptocurrency exchange OKX has made a significant strategic move by selecting Malta as its Market in Crypto-Assets (MiCA) hub. This decision is aimed at serving the 450 million residents of the European Union, providing them with a platform to trade and engage in various crypto activities. OKX’s choice of Malta as its hub is strategic
Recently, the blockchain security firm Cyvers Alert made a shocking revelation regarding the Indian exchange WazirX. According to their report, WazirX was exploited for approximately $235 million. The firm detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network, resulting in a total of $234.9 million being moved to a new address.