In recent days, the Solana community and the broader crypto ecosystem have been facing a troubling trend – a surge in inflammatory memecoins with racist, antisemitic, and offensive content. This article will delve into the repercussions of this trend and the reactions from key figures in the industry. Anatoly Yakovenko, the founder and CEO of
Exchanges
In a significant move, asset management firm BlackRock has chosen Coinbase as the key infrastructure provider for its new tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets as new tokens each month.
Recently, BitMEX, a popular cryptocurrency exchange, launched an investigation into an abnormal incident involving a user selling large orders on its Bitcoin spot market. The rogue seller managed to unload over 400 BTC on the platform, causing the price of Bitcoin to plummet by 87% to as low as $8900 before stabilizing. The drastic drop
Crypto exchange OKX has recently made a significant decision to delist Tether (USDT) pairs in the European Union. Instead, it will now only support USDC and Euro-based stablecoin pairs. This move has raised questions and concerns within the cryptocurrency community about the implications of such actions. The decision to delist Tether (USDT) pairs by OKX
In a surprising move, Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity that no longer falls under the group’s purview. This significant decision, made under the leadership of the exchange’s new CEO, Richard Teng, marks a new chapter for the venture capital division. The decision to separate Binance
The Securities and Futures Commission (SFC) of Hong Kong recently issued a public warning about the unlicensed operations of MEXC within its jurisdiction. The SFC highlighted that MEXC claims to be a virtual asset trading platform, targeting investors in Hong Kong, but it does not hold a license from the regulatory authority. As a result,
The recent conviction of FTX founder Sam Bankman-Fried has sent shockwaves through the financial world, with federal prosecutors requesting a staggering prison sentence of 40 to 50 years. The US Attorney’s Office for the Southern District of New York has detailed SBF’s wide-ranging fraudulent activities, painting a picture of a man driven by greed and
Crypto.com, a leading cryptocurrency trading platform, has recently been hit with a hefty fine of €2.85 million ($3.1 million) by the Netherlands Central Bank for operating within the country without proper registration for a significant period of time. The Dutch regulations mandate that crypto firms must register with the De Nederlandsche Bank (DNB) under the
Binance, a leading cryptocurrency exchange, recently made a statement indicating that Nigeria is not one of its top markets. This revelation comes amidst a dispute with local authorities in the African country. Despite admitting that Nigeria has “extraordinary potential,” Binance has clarified that it is not a key market for the exchange. This is surprising
Coinbase’s recent announcement of a $1 billion bond offering signifies the company’s strategic move to raise funds for its growth and expansion plans. The bonds, which are designated as unsecured convertible senior notes, are scheduled to mature in 2030, providing investors with the flexibility to convert their holdings into Coinbase shares or cash at that
The Nigerian government recently obtained a court warrant to detain Binance officials for at least twelve days after they insisted on being taken to their respective countries’ embassies. This move came after the government accused Binance of exacerbating the country’s foreign exchange challenges by manipulating rates for profit. As a result, access to Binance’s official
Coinbase has recently taken a strong stance against the Securities and Exchange Commission (SEC) for denying its rulemaking petition, deeming the decision as “arbitrary and capricious.” The crypto exchange expressed its dissatisfaction with the SEC’s action in a petition filed before the US Court of Appeals for the Third Circuit. By challenging this decision, Coinbase
Coinbase, a prominent US-based cryptocurrency exchange, has experienced a significant increase in its market share following the launch of various spot Bitcoin exchange-traded funds (ETFs) in January. This surge prompted analysts at Goldman Sachs to revise their rating on Coinbase shares, moving from a selling recommendation to a neutral stance. The bank analysts have also
Bitcoin experienced a significant milestone on Mar. 5 when it reached its all-time high of $69,000, previously set in November 2021. However, this achievement was short-lived, as the cryptocurrency quickly underwent a 14% correction, plummeting to $59,300. The following day, on Mar. 6, Bitcoin managed to regain some lost ground, but struggled to stabilize at