In the seemingly unshakeable world of cryptocurrency, where fortunes can be made—or lost—overnight, the reality is that a foundational piece—security—remains riddled with vulnerabilities. Despite the significant advances in blockchain technologies, annual statistics predictably show staggering amounts of money disappearing due to breaches and hacks. For instance, the alarming Bybit hack that saw $1.5 billion in
Exchanges
The cryptocurrency and blockchain sectors are buzzing with excitement following Kraken’s recent announcement of the listing of APENFT (NFT). This innovative token, which operates within the TRON ecosystem, has carved out a substantial niche due to its focus on bringing premium artworks onto the blockchain. Since its inception in 2021, APENFT has skyrocketed to over
In an era where the Internet is rapidly transitioning from centralized control to decentralized frameworks, the recent announcement of PumpSwap by TRON DAO and pump.fun deserves our keen attention. This innovative decentralized exchange (DEX) is set to disrupt the norm, especially concerning liquidity access and cross-chain interoperability. However, not all that glitters in the cryptocurrency
In an era where crypto exchanges grapple with volatility, Crypto.com has emerged as a beacon of astonishing growth, boasting a staggering $1.5 billion in revenue for 2024. This impressive figure is not only a testament to the company’s robust operational strategies but also reflects a surge in trading activity from its massive user base of
In a move that has rocked the foundations of the Cronos ecosystem, the community has sanctioned the reintroduction of 70 billion CRO tokens that were intentionally burnt in 2021. This decision to inflate the total token supply back to a staggering 100 billion was passed with 62.18% of the vote, primarily influenced by Crypto.com, the
The recent decision by OKX to suspend its Web3 decentralized exchange (DEX) aggregator strikes at the heart of a growing concern in the cryptocurrency landscape—security and accountability. By suspending its services amid regulatory discussions, OKX sends a powerful message about the potential vulnerabilities of decentralized platforms. This is not merely a reactive measure; it is
Vermont’s recent decision to withdraw its legal action against Coinbase marks a significant pivot in the changing dynamics of cryptocurrency regulation in the United States. Since announcing its move on March 13, the state has aligned itself with the broader strategy of the U.S. Securities and Exchange Commission (SEC), which is also recalibrating its stance
Changpeng Zhao, the influential figure in the cryptocurrency space and founder of Binance, has recently found himself embroiled in controversy. This came in the wake of a Wall Street Journal report claiming that discussions were underway between Zhao and the Trump family regarding a potential investment in Binance.US. Zhao swiftly dismissed these claims on social
The recent investment of $2 billion from MGX, a prominent Abu Dhabi-based investment firm, into Binance should not just be viewed as a financial transaction. This agreement marks a pivotal moment in the evolution of cryptocurrency as a staple in institutional finance. The unprecedented deal, which stands as the largest ever in the crypto domain,
As the cryptocurrency landscape evolves, so too does the regulatory environment, with exchanges like OKX facing a myriad of challenges. Recent allegations suggest that European regulators are probing OKX’s Web3 service over claims that it allowed the laundering of $100 million connected to hackers from Bybit. Such accusations not only amplify the already prevalent fears
