Coinbase recently announced its second-quarter revenue of $1.449 billion, surpassing analysts’ expectations of $1.396 billion. This marked a substantial increase from its revenue of $674.1 million during the same period last year. The exchange also reported a net income of $36 million, a stark difference from the net loss of $97 million in 2023. These
Exchanges
Decentralized exchanges (DEXs) are currently experiencing a surge in trading volume, surpassing centralized exchanges (CEXs) for the first time. According to recent data highlighted by Uniswap founder Hayden Adams, DEX market share has reached an all-time high relative to CEX. This shift is supported by a chart from The Block, showing a steady increase in
Zoomex is a crypto exchange platform that has gained recognition for its user-centric approach, liquidity, security, and engagement strategies. It caters to both novice and experienced traders, prioritizing user privacy and maintaining high liquidity. Key Features One of the standout features of Zoomex is its commitment to user anonymity. Unlike many other exchanges, Zoomex does
The recent cyber attack on WazirX’s multi-signature Ethereum wallet has raised significant concerns within the crypto community. The exchange initially pointed fingers at its custody service provider, Liminal, citing issues with its user interface as the cause of the hack. However, Liminal denied any responsibility, stating that compromised hardware wallets were the likely culprit. This
In a significant development, Bitstamp has started the process of returning digital assets to creditors of the defunct Mt. Gox exchange. This marks a crucial milestone in the efforts to reimburse those affected by the 2014 hack that led to Mt. Gox’s downfall. Bitstamp is collaborating with the trustee, along with four other exchanges, including
The recent security breach at India-based centralized exchange WazirX has left the platform grappling with the loss of nearly half of its total assets, amounting to over $230 million. The exchange’s co-founder, Nischal Shetty, took to social media to inform users about the exploit and assure them that efforts are underway to restore operations. In
The crypto industry is currently facing a pivotal moment as speculation grows around the potential for a second Donald Trump presidency. With promises of ending President Joe Biden’s “crusade against crypto,” the industry is eagerly awaiting the outcome of the U.S. elections in November. However, amidst the anticipation, there are concerns about how overseas crypto
The recent hack on India-based crypto exchange WazirX has brought attention to the importance of security in multiparty computation (MPC) wallets. Liminal, an MPC wallet provider, clarified in its post-mortem report that its infrastructure was not compromised during the breach. The report attributed the hack to compromised devices within WazirX’s network, emphasizing that Liminal’s user
In a recent legal development, a US court has granted Binance US permission to invest certain customer fiat funds that are currently held at BitGo. The exchange requested court approval to invest approximately $40 million in US Treasury Bills, in $10 million increments over the course of four weeks. These investments will be done through
Recently, cybersecurity firm Cyvers Alert revealed a major security breach at the Indian cryptocurrency exchange, WazirX. According to Cyvers, the exchange was exploited for approximately $235 million through suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network. The firm detected that a total of $234.9 million was transferred to a new address, with
