A recent analysis reveals that Binance’s monthly Bitcoin inflows have dwindled to a mere 5,700 BTC, alarmingly less than half the average of 12,000 BTC recorded since 2020. This startling statistic, shared by CryptoQuant analyst Darkfost, raises eyebrows about what may lie ahead for the cryptocurrency market. The pertinent question is: What does this dramatic
Exchanges
WazirX was once hailed as India’s cryptocurrency golden child, dominating the exchange landscape with its staggering trading volumes and aspirational promises to its users. However, the journey from the top to the brink of disaster has been swift and brutal. In a shocking twist, the platform has recently been gifted a lifeline by Singapore’s High
In a world where financial prudence feels endangered, the cryptocurrency collapse has served as a stark reminder of the perils attached to reckless speculation. The recent dispute between FTX and the failed hedge fund Three Arrows Capital (3AC) unfurls like a cautionary tale, particularly relevant as 3AC submits an excessive claim of $1.53 billion against
Coinbase is pushing the boundaries of cryptocurrency trading with a bold announcement of its Bitcoin-backed credit card and the introduction of CFTC-compliant perpetual futures contracts for U.S. customers. This strategic maneuver, disclosed during the State of Crypto Summit, marks a significant shift. Instead of merely following the international trend in crypto derivatives, Coinbase is asserting
Recent findings from Gemini and Glassnode have unveiled a startling reality in the world of Bitcoin: over 30% of its circulating supply is now in the hands of a mere 216 centralized entities. This striking figure raises concerns about the very essence of what Bitcoin was initially intended to be—a decentralized alternative to traditional finance.
Recent developments involving BiT Global—a crypto custody firm linked to the controversial entrepreneur Justin Sun—have shed light on the murky waters of digital asset regulation and competition. The firm has voluntarily dismissed its lawsuit against Coinbase regarding the delisting of Wrapped Bitcoin (WBTC), marking an end to a legal battle that has raised eyebrows across
Let’s face it: despite the remarkable technological advancements of our era, there still seems to be a disconnect when it comes to user experience, particularly in the world of cryptocurrencies. Brian Armstrong, the CEO of Coinbase, has publicly acknowledged the platform’s insufficient handling of account freezes and restrictions, which have plagued users for far too
The financial sector is experiencing a seismic shift, particularly with the entry of cryptocurrency exchanges into the public market. Gemini, the brainchild of Cameron and Tyler Winklevoss, is all set to challenge traditional financial norms by filing a draft for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). This move
The recent data breach at Coinbase has unearthed a catastrophic reality in the world of digital transactions. With over 69,000 users’ personal information exposed, we find ourselves navigating a murky landscape riddled with phishing schemes and impersonation scams. The most alarming revelation? Victims are now receiving fraudulent physical letters in the mail—an unprecedented twist in
WazirX, once a prominent name in the cryptocurrency exchange landscape, is now grappling with a significant legal setback following the rejection of its restructuring proposal by the Singapore High Court. The court’s decision not only halted its efforts to recover from a devastating $230 million hack in July 2024 but also exposed the vulnerabilities of
