Genesis, a well-known player in the digital asset trading industry, made headlines recently when it announced its decision to shut down all of its services. The report, released on September 14, revealed that Genesis would no longer offer digital asset spot and derivatives trading through its subsidiary, GGC International, Ltd. (GGCI). While the company cited
Exchanges
In a significant turn of events, Binance US CEO Brian Shroder has stepped down from his role as the embattled crypto exchange undertakes a major workforce reduction. This workforce reduction has resulted in one-third of the company’s employees being laid off, leading to speculations about the future of Binance US. This article delves into the
CoinEx, a cryptocurrency exchange platform, has recently experienced a security breach, raising concerns among its users and the wider crypto community. In this article, we will delve into the details of the incident, exploring the impact, potential causes, and the response from CoinEx. According to official reports from September 12, CoinEx detected a security incident
In an astonishing display of oversight, a Bitcoin user recently paid a mind-boggling 19 BTC (equivalent to $510,000) in transaction fees for transferring a mere 0.074 BTC, valued at less than $2,000, on September 10th. This incident has garnered attention within the cryptocurrency community due to the staggering discrepancy between the transaction amount and the
Coinbase, one of the largest cryptocurrency exchanges in the world, has recently announced an increase in interest rates for holding USDC (USD Coin) on its platform. Previously offering a 4% interest rate, Coinbase now provides a lucrative opportunity for users to earn up to 5% interest on their USDC holdings. This significant bump of 150%
In a recent announcement, Binance, one of the leading cryptocurrency exchanges, revealed its decision to terminate support for features related to non-fungible tokens (NFTs) on September 9th. Additionally, the exchange will also be ending support for all Polygon-based NFTs on September 26th. This move comes as a surprise to many users and raises questions about
Since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, the popular crypto exchange, on June 6, Coinbase’s top executives have sold more than $30 million worth of company shares. These sales, led by co-founder and CEO Brian Armstrong, have raised eyebrows within the crypto community, with some speculating on the timing
In an effort to comply with the Monetary Authority of Singapore (MAS) regulations, Coinbase Singapore has implemented new requirements for users initiating cryptocurrency deposits or withdrawals. Effective September 5th, users are now required to provide additional counterparty information. This article will explore the reasons behind these measures and the potential impact on users. Why the
Coinbase, one of the leading cryptocurrency exchanges, is making waves in the industry with its plans to launch an institutional lending service. According to regulatory filings and statements from the company, Coinbase is creating a digital asset lending program specifically designed for its institutional Prime clients. This new service will allow institutions to lend their
Binance, one of the largest cryptocurrency exchanges, recently confirmed that its head of product, Mayur Kamat, has stepped down from his role. This news comes amidst a series of executive departures from the exchange, causing speculations about the future of Binance. These concerns are further exacerbated by the ongoing regulatory scrutiny faced by the exchange,
