In an exciting development announced on November 18, Binance has unveiled BFUSD, a stablecoin specifically crafted for futures and perpetual trading enthusiasts. With an impressive annual percentage yield (APY) of about 19.55%, BFUSD offers traders a unique opportunity to grow their investments seamlessly as they hold the coin in their Binance futures accounts. This innovative
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The recent discussions regarding the potential acquisition of Bakkt by Donald Trump’s media entity, Trump Media and Technology Group (TMTG), highlight a significant intersection between traditional media and the growing cryptocurrency landscape. As reported by the Financial Times, this proposed all-share deal could be a strategic maneuver for TMTG, which is looking to diversify its
The recent revelation of significant Know-Your-Customer (KYC) violations by Upbit, South Korea’s leading cryptocurrency exchange, has sent shockwaves throughout the financial community. Following a standard review undertaken by the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC), reports indicate that the exchange could be linked to anywhere between 500,000 and 600,000 KYC infractions.
The recent $235 million breach of the cryptocurrency exchange WazirX has prompted both excitement and concern within the digital finance sector. As one of India’s significant exchanges, WazirX’s compromise raises alarms over cybersecurity practices in an industry that is often plagued by vulnerabilities. Recently, the Delhi Police made pivotal advancements in the perpetuation of this
In the aftermath of the recent U.S. elections, Binance has reported an extraordinary influx of capital, with over $7 billion rushing into the platform since November 5, as revealed in a report dated November 12. This towering figure indicates a clear preference among investors for Binance, eclipsing its nearest rival, OKX, which managed to attract
The cryptocurrency landscape is no stranger to controversy, and recent events surrounding Binance’s decision to list Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), have reignited debates. Community members have raised serious questions regarding the integrity of these listings, suspecting that they might constitute a classic case of a pump-and-dump scheme. This
Coinbase CEO Brian Armstrong has recently voiced his enthusiasm for the potential leadership of Hester Peirce at the Securities and Exchange Commission (SEC) should President Donald Trump win a second term. Through a social media post on X, Armstrong articulated that Peirce embodies intelligence and professionalism, emphasizing her ability to navigate the often tumultuous political
In July 2024, WazirX found itself at the center of a scandal that shook the cryptocurrency world to its core. This Indian exchange was the target of a significant cyberattack, orchestrated by the notorious Lazarus Group. With a staggering $235 million stolen, this incident exposed vulnerabilities that many believed centralized exchanges had long since addressed.
As the cryptocurrency landscape continues to evolve, few players are demonstrating the ambition and foresight that Crypto.com is showcasing for 2025. Based in Singapore, this burgeoning exchange has already made a name for itself by surpassing industry giants like Coinbase in trading volume, and it is now setting its sights on a more expansive financial
The FTX exchange, once a titan in the cryptocurrency sphere, is embroiled in a legal struggle as it pursues Ryan Salame, the former co-CEO of its Bahamian branch. A recent court filing, dated November 4, reveals that FTX aims to reclaim an astounding $98.8 million in cash and cryptocurrency. The lawsuit not only seeks recovery
