Recent reports from the Solana blockchain community have shed light on significant transaction processing delays associated with Coinbase, sparking a wave of concern among users. Several Solana enthusiasts took to social media, particularly the platform X, to showcase screenshots that indicated processing times reaching up to 45 minutes—a stark contrast to the quicker transaction times
Exchanges
In a compelling yet troubling account, Amrita Srivastava, a former senior executive at Binance, has brought to light serious allegations of retaliatory dismissal tied to her whistleblowing activities. This revelation sheds light on the internal culture of one of the largest cryptocurrency exchanges in the world, marking a significant moment in the discussion surrounding corporate
Celo, a notable Layer-1 blockchain, is currently navigating turbulent waters as its native token has experienced a significant drop of 5% amid its planned transition to an Ethereum Layer-2 network within Optimism’s Superchain framework. This negative market response can be attributed primarily to the controversial stance taken by Coinbase, the largest cryptocurrency exchange in the
Cboe Global Markets is about to unveil a significant innovation in the world of cryptocurrency derivatives: cash-settled options linked to spot Bitcoin (BTC). Set to begin trading on December 2, this initiative is not only a milestone for Cboe but also for the cryptocurrency market as a whole. The announcement made on November 22 details
In a remarkable display of its dominance in the cryptocurrency market, Binance, the world’s largest crypto exchange, has reached an astonishing 240 million users as of November 22, as highlighted in a report by CryptoSlate. This impressive growth indicates that the platform added a staggering 70 million users throughout the year, which is a significant
FTX Trading Ltd., along with its affiliated debtors, has recently confirmed that steps are firmly underway to implement their Chapter 11 Plan of Reorganization, aiming for completion by January 2025. This pivotal plan is designed to address the distribution of funds to creditors and customers following the financial turmoil that ensued from the company’s abrupt
The world of cryptocurrency has experienced a significant shift over the past decade, with South Korea emerging as a hub for digital currency trading. However, alongside this growth has come an unsettling trend of cybercrime, specifically the high-profile hack of South Korean cryptocurrency exchange, Upbit, in 2019. Recently, reports surfaced that authorities successfully recovered 4.8
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,
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