On October 7, the cryptocurrency community experienced a jarring moment as Bitget exchange’s native token, BGB, plummeted from $1.15 to just $0.5344 within a remarkably short window. This steep decline of approximately 56% unfolded in less than ten minutes, leaving traders in shock and raising many questions regarding the underlying causes. Such rapid price fluctuations
Exchanges
In a significant development for the cryptocurrency market, Gemini, a well-regarded crypto exchange, has made a formal announcement regarding its withdrawal from the Canadian market. The directive, communicated via email on September 30, 2023, informs Canadian customers that all accounts will be closed effective December 31, 2024. This decision has left many users scrambling to
In an abrupt move that sent ripples through the cryptocurrency community, Kraken announced its decision to cease support for Monero (XMR) within the European Economic Area (EEA). This announcement, made on October 1st, highlighted a reckoning with the region’s evolving regulatory landscape. By October 31, 2024, Kraken will halt trading and deposits related to Monero,
Bithumb, the second-largest cryptocurrency exchange in South Korea, is setting its sights on a public listing in the United States, a significant development in the landscape of cryptocurrency trading. During a shareholders meeting on September 30, Bithumb disclosed its aspiration to list on the Nasdaq, targeting the latter half of 2025 for its Initial Public
In a bold move to bolster the growth of the synthetic dollar, USDe, Ethena Labs has put forth an intriguing proposal for a decentralized exchange (DEX) named Ethereal. This initiative, spearheaded by community member Fells0x, is currently under consideration by the Ethena community. The launch of Ethereal aims not merely at enhancing transaction capabilities but
The cryptocurrency sector has faced tumultuous upheaval, with the collapse of FTX serving as a stark warning about the perils of unregulated finance. Caroline Ellison, the ex-CEO of Alameda Research, has recently stepped into the spotlight following her sentencing for her involvement in this catastrophe. As a close associate of Sam Bankman-Fried (SBF), the founder
In July, WazirX, one of India’s prominent cryptocurrency exchanges, experienced a staggering hack that resulted in the theft of approximately $230 million worth of assets. This incident sent shockwaves throughout the crypto community, leaving users anxious and confused about the future of their investments. As the fallout from the breach unfolded, WazirX found itself grappling
In recent years, the cryptocurrency market has burgeoned, granting investors and traders a plethora of options. Yet, with this growth comes the challenge of selecting an appropriate platform for buying and selling digital currencies. One key aspect that can significantly impact a trader’s experience is their choice of exchange. This guide explores the critical factors
The cryptocurrency landscape is a dynamic and often unpredictable arena, with various countries showcasing differing levels of adoption and activity. Notably, the United Arab Emirates (UAE) stands out as a remarkable exception with its consistent growth across all transaction sizes. A recent report from Chainalysis underscores this notion, highlighting how the UAE has garnered over
In July, WazirX, one of India’s prominent cryptocurrency exchanges, fell victim to a staggering hack that resulted in the theft of $230 million. Recent analysis from Arkham Intelligence reveals that the hacker has made substantial progress in laundering the stolen funds, with approximately $6 million in Ethereum (ETH) remaining. This incident has raised significant alarms
