The collapse of FTX, once a towering figure in the cryptocurrency exchange landscape, sent shockwaves throughout the financial world. At the heart of this disintegration were key executives whose decisions—not to mention their ethical considerations—played pivotal roles in the company’s downfall. Among these figures is Nishad Singh, FTX’s former engineer, who now faces the consequences
Exchanges
The ongoing legal skirmish between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) remains a focal point of interest in the cryptocurrency landscape. As of October 17, the SEC has intensified its appeal against certain findings of Judge Analisa Torres’ previous judgment that provided a partial victory to Ripple. This article delves into
In a strategic move aimed at enhancing Bitcoin’s utility within decentralized finance (DeFi) and other blockchain ecosystems, Kraken has unveiled its latest product, kBTC. This ERC-20 token represents a fully-backed, cross-network-compatible digital asset that is poised to challenge existing solutions in the wrapped Bitcoin landscape. Each kBTC is backed 1:1 by Bitcoin, ensuring a transparent
In a significant move towards making cryptocurrency staking more accessible, Kraken, a leading crypto exchange, has announced its integration with EigenLayer. This partnership, revealed through a press release on October 15, allows users to restake their Ethereum (ETH) directly via the Kraken platform. The initiative is indicative of a larger trend in the cryptocurrency market,
In a startling twist in the legal saga involving Tigran Gambaryan, Binance’s senior executive, a Nigerian court has denied yet another bail request, deepening concerns for his wellbeing. On October 11, the High Court in Abuja ruled against Gambaryan’s plea, underscoring significant procedural shortcomings in his case. The court identified that Gambaryan was simultaneously contesting
In an exciting development for the cryptocurrency landscape, Arkham Intelligence is poised to launch a crypto derivatives exchange next month. According to Bloomberg News, this venture has already elicited a positive market reaction, contributing to a remarkable 12% increase in the value of its native token, ARKM. The growing optimism surrounding the platform is evident,
Recent developments surrounding Upbit, South Korea’s largest cryptocurrency trading platform, have raised significant red flags regarding the intricate relationship between the burgeoning crypto market and traditional banking systems. The Financial Services Commission (FSC) announced on October 10 its intention to investigate Upbit’s operations amid concerns about its overwhelming market presence and the potential systemic risks
In the volatile landscape of cryptocurrencies, few events have echoed as dramatically as the 2016 hack of Bitfinex, which resulted in the loss of an astounding 120,000 BTC. A recent filing by the U.S. government has shifted the narrative significantly, suggesting that Bitfinex may be the only entity eligible for restitution from this cyber heist.
On October 7, 2023, the BGB token, native to the Bitget exchange, experienced a staggering decline in its market value, plummeting from $1.15 to as low as $0.5344 in a mere ten minutes. This sharp drop alarmed traders and prompted significant discussions surrounding the causes and implications of such volatility. In a market characterized by
In 2023, the landscape for privacy tokens has shifted dramatically, with centralized exchanges delisting these assets at an alarming rate. A recent report from Kaiko highlighted that nearly 60 privacy tokens were removed from trading platforms, marking the highest number of delistings observed since 2021. Prominent privacy cryptocurrencies such as Monero (XMR), Dash (DASH), Decred