Coinbase, a well-known US-based crypto exchange, has finally made good on its promises by integrating the Bitcoin Lightning Network. This move comes after repeated assurances by the exchange’s CEO, Brian Armstrong, to implement this scaling solution. Lightspark, a lightning network-based payment infrastructure provider, announced on April 3 that it had been chosen by Coinbase to
Exchanges
KuCoin, a popular cryptocurrency exchange, has recently faced legal challenges with US authorities, leading to a significant decline in user assets on the platform. The exchange’s latest proof-of-reserve certificate revealed a noticeable decrease in user holdings, with Bitcoin balances decreasing by 25.4%, Ethereum balances by approximately 22%, and Tether’s USDT by about 22%. Data from
Recent events have shown that Binance executive Tigran Gambaryan has taken legal action against Nigerian authorities, particularly targeting the National Security Adviser Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC). Gambaryan, along with his colleague Nadeem Anjarwalla, was detained on Feb. 26 in connection with investigations into the operations of the exchange in
The US and UK governments have initiated a collaborative investigation into crypto transactions exceeding $20 billion that are suspected of breaching Russian sanctions. These transactions are believed to have been funneled through the Russian crypto exchange, Garantex, as a means to evade international sanctions and potentially fund military endeavors in Ukraine. Despite facing comprehensive sanctions,
The recent criminal charges levied against KuCoin by US authorities have resulted in a significant surge in withdrawal requests from the platform. Data from various on-chain analytics firms such as DefiLlama, Nansen, and SpotOnChain indicate that traders across different categories, including whales, funds, smart money, and market makers, have been withdrawing their assets en masse.
The recent announcement of criminal charges against KuCoin by the US Department of Justice (DOJ) has raised concerns among users and investors. However, despite the allegations of flouting anti-money laundering (AML) laws, KuCoin CEO Johnny Lyu has reiterated that the platform’s operational stability will not be affected. In a statement on social media, Lyu reassured
In a shocking turn of events, it has come to light that Nadeem Anjarwalla, an executive at Binance, has managed to escape custody in Nigeria. This development has sent shockwaves through the cryptocurrency community, raising concerns about the safety and security of employees at the exchange. The Nigerian authorities have levied serious charges of tax
The Solana community and the broader crypto ecosystem were shocked and appalled by the recent proliferation of inflammatory memecoins on March 22nd. These unknown actors utilized Solana’s token creation feature to introduce thousands of memecoins with racist, antisemitic, and anti-China terminology in their names. These tokens also contained other offensive material, sparking outrage and condemnation
BlackRock, a prominent asset management firm, has chosen Coinbase as the primary infrastructure provider for its innovative tokenized investment fund, known as the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund is designed to provide investors with a stable value of $1 per token, along with daily accrued dividends that are directly deposited into
BitMEX, one of the prominent cryptocurrency exchanges, recently found itself embroiled in an investigation surrounding “a user selling large orders” on its Bitcoin spot market. The incident saw more than 400 BTC being unloaded on the exchange, causing the price of Bitcoin to plummet by a staggering 87% to $8900 before recovering to its actual
