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
Exchanges
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,
In a surprising turn of events, a cold wallet belonging to the now-collapsed crypto exchange FTX has moved nearly $10 million worth of altcoins from Solana to Ethereum since August 31st. The purpose behind these transfers remains undisclosed, leaving the crypto community eagerly speculating about the motives behind such substantial movements. Notable tokens such as
GMX, a decentralized perpetual exchange, burst onto the scene in September 2021, capturing the attention of the DeFi community. What set GMX apart was its launch on Arbitrum, which marked a significant milestone for the DeFi space. The platform’s unique features, such as being the first DEX and perpetual market on the Arbitrum ecosystem, along
In a recent letter to U.S. District Judge Lewis A. Kaplan, attorneys for FTX founder Samuel Bankman-Fried expressed concern over their client’s lack of access to evidence against him. According to lawyers Mark Cohen and Christian Everdell, this lack of access violates Bankman-Fried’s constitutional rights and highlights the urgent need for his temporary release before
