Recently, leading crypto exchanges Binance and Bybit have hinted at the launch of new Solana-related products, sparking anticipation within the crypto community. While Binance’s official X account posted a mysterious “BNSOL” message followed by “coming soon,” Bybit announced the introduction of a new product, “bbSol,” on its platform. Despite the lack of specific details provided
Exchanges
The aftermath of the $234 million hack on the crypto platform WazirX has taken a dramatic turn as the platform enters a 30-day moratorium pending a decision by Singapore’s High Court. This move comes as rival platform CoinSwitch announced its intention to pursue legal action to recover approximately $9.6 million in digital assets trapped on
The US government has recently faced a challenge from former FTX executive Ryan Salame, who is seeking to void his guilty plea. Salame claims that his plea was based on false promises made by prosecutors regarding their investigation into his partner, Michelle Bond. However, the US Attorney’s Office has refuted these claims, stating that they
Indian cryptocurrency exchange WazirX is facing unforeseen challenges as external parties not invested in the platform may attempt to prolong its restructuring process for their own gains. The exchange has recently announced a comprehensive restructuring plan following a major security breach on July 18, which resulted in losses exceeding $230 million. WazirX stated in a
WazirX, a popular crypto exchange based in India, recently fell victim to a cyberattack on July 18, resulting in the theft of a substantial amount of ERC-20 tokens valued at over $235 million at the time. This unfortunate event led to the platform’s decision to suspend all trading and withdrawal activities to assess the damage
Recent reports suggest that Russia is delving into the possibility of establishing two crypto exchanges in Moscow and St. Petersburg. These exchanges are aimed at facilitating international trade and boosting foreign economic activities. While the exchanges will start with a limited number of users, there are plans to eventually open them up to major corporations
A recent ruling by a US federal judge has denied the request made by cryptocurrency exchange Kraken to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC has accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. The regulator claims that Kraken has been facilitating the trading
Coinbase recently made an announcement regarding its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange revealed that it would begin migrating the Polygon ticker from MATIC to POL starting on Aug. 26. This move signifies Coinbase’s commitment to ensuring a seamless
Binance, the leading cryptocurrency exchange, has taken significant steps to protect its users from scams and fraud, preventing over $2.4 billion in potential losses in the first seven months of 2024. The exchange disclosed that a substantial portion of the averted losses, approximately $1.1 billion, were related to withdrawals associated with suspected crypto scams. This
Indian crypto exchange WazirX has decided to end its asset custody arrangement with Liminal following a recent $235 million hack. In an announcement on August 14, WazirX stated that it would be transferring its assets from Liminal to new multi-signature (multi-sig) wallets in order to improve the security of its remaining assets post-breach. This move
