In a recent decision that has sent ripples through the crypto community, Coinbase announced the discontinuation of Wrapped Bitcoin (WBTC) trading pairs on its exchange and Prime platforms, effective December 19. The exchange cited WBTC’s failure to comply with its listing standards. Although users can withdraw their funds even after the de-listing, the lack of
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Binance has unveiled BFUSD, its latest yield-bearing stablecoin designed specifically for futures and perpetuals trading, announcing this development on November 18. With a robust annual percentage yield (APY) of approximately 19.55%, BFUSD promises to attract traders seeking rewards without the hassles of staking or locking their funds. This innovative offering allows users to earn daily
In a notable development within the financial and political realms, President-elect Donald Trump’s media venture, Trump Media and Technology Group (TMTG), is reportedly in advanced negotiations to purchase Bakkt, a cryptocurrency trading platform owned by Intercontinental Exchange (ICE). As highlighted by the Financial Times on November 18, this potential acquisition signifies TMTG’s ambition to diversify
Know-Your-Customer (KYC) protocols are vital in the financial landscape, particularly within the cryptocurrency sector. KYC involves a series of checks that financial institutions must conduct to verify the identity of their clients. This process is paramount in preventing financial crimes such as money laundering and terrorism financing. South Korea, with its robust digital currency marketplace,
The world of cryptocurrency trading is rife with both opportunities and risks, and the recent breach of WazirX—a major Indian crypto exchange—has illuminated the vulnerabilities within even the most established platforms. This article examines the latest developments in the $235 million breach investigation, detailing the arrests made, potential security lapses, and the recovery strategies being
In a remarkable shift following the recent US elections, Binance, a leading cryptocurrency exchange, has reported an astonishing $7 billion in inflows. This surge, occurring since the November 5 elections, marks a significant uptick for the platform, which has seen its user assets balloon to an impressive $140 billion. This marks the highest level recorded
In recent weeks, the cryptocurrency community has voiced serious concerns regarding Binance, the world’s largest cryptocurrency exchange by trading volume, following its unexpected listing of two Solana-based memecoins: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). The rapid ascent in value of these low-market-cap tokens has thrown the spotlight on potential unethical practices within
As the crypto industry continues to navigate a turbulent regulatory environment, the possibility of Hester Peirce stepping into the role of SEC Chair during a second term for President Donald Trump emerges as a pivotal moment in the industry’s evolution. Brian Armstrong, the CEO of Coinbase, has been outspoken in his endorsement of Peirce, labeling
In the ever-evolving world of cryptocurrency, security remains a paramount concern for both exchanges and their users. One notable incident that underscored this was the major hack of WazirX, which resulted in the loss of $235 million in July 2024. In a bid to address this glaring issue and regain the trust of its user
The downfall of FTX, once a titan in the cryptocurrency exchange realm, continues to unfold in dramatic fashion. Amidst the colossal financial wreckage, a recent court filing has revealed that FTX is now legalizing its grievances against Ryan Salame, formerly co-CEO of its Bahamian subsidiary. FTX is attempting to reclaim nearly $98.8 million in combined