In a recent announcement, Coinbase confirmed that it will suspend trading pairs related to Wrapped Bitcoin (WBTC) on both its exchange and Prime platforms effective December 19. The decision highlights the challenges of maintaining robust listing standards in the ever-evolving cryptocurrency landscape, as Coinbase does not explicitly state which criteria WBTC failed to meet. However,
Exchanges
On November 18, Binance, one of the leading cryptocurrency exchanges, unveiled BFUSD—its latest yield-bearing stablecoin designed specifically for traders engaged in futures and perpetual contracts. This innovative financial instrument offers an attractive annual percentage yield (APY) of approximately 19.55%. Unlike traditional models where funds must be staked or locked away, BFUSD allows users to earn
Trump Media and Technology Group (TMTG) is reportedly on the brink of a significant transformation within the cryptocurrency landscape as it engages in advanced negotiations to acquire Bakkt, a notable player in the digital asset trading sector. This potential acquisition, first unveiled by the Financial Times on November 18, highlights TMTG’s ambitious strategy to diversify
The recent revelation about Upbit, South Korea’s leading cryptocurrency exchange, has raised alarms concerning compliance with Know-Your-Customer (KYC) regulations. A thorough investigation by the Financial Intelligence Unit (FIU) of the Financial Services Commission has unveiled that there are staggering potential violations that could number between 500,000 and 600,000 cases. These findings were made public on
The digital finance landscape has transformed significantly over the past decade, characterized by rapid advancements and equally swift exploitation by malicious actors. One of the most prominent incidents underscoring these vulnerabilities is the ongoing investigation surrounding the $235 million breach of WazirX, a leading cryptocurrency exchange in India. As law enforcement agencies intensify their efforts
In the wake of the recent U.S. elections, Binance, the leading cryptocurrency exchange, has experienced a remarkable surge in inflows, revealing an influx exceeding $7 billion. This substantial growth is documented in a report shared with CryptoSlate on November 12. Key data from DeFiLlama indicates that this uptick in financial activity has significantly outstripped that
Recent developments in the cryptocurrency landscape have sparked intense discourse among community members regarding Binance’s unexpected decision to list several Solana-based memecoins, notably The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). Critics argue this move could potentially facilitate a “pump-and-dump” scheme, ultimately harming unsuspecting retail investors. As the largest cryptocurrency exchange globally by trading
The cryptocurrency landscape is ever-evolving, prompting a reevaluation of regulatory approaches that could significantly impact its growth and innovation. Recently, calls for a change in leadership at the Securities and Exchange Commission (SEC) have grown louder, especially concerning the future with the possibility of Hester Peirce at the helm. The current SEC Chair, Gary Gensler,
The cryptocurrency landscape has been tumultuous, particularly for centralized exchanges, which have become notorious for vulnerabilities that expose users to significant risks. Among them, WazirX—a prominent Indian cryptocurrency platform—has faced unprecedented challenges, notably after a staggering breach in July 2024 that resulted in a loss of $235 million. Pursuing a path toward redemption and user
In a strategic move to solidify its position within the rapidly evolving financial ecosystem, Crypto.com has announced sweeping plans for 2025 that signal a transformative phase for both the company and the cryptocurrency market. Based in Singapore, the exchange has not only established itself as a formidable player—overtaking traditional giants such as Coinbase in trading