In a notable advancement within the cryptocurrency landscape, Kraken has made headlines by launching kBTC, a wrapped Bitcoin (WBTC) product that aims to seize the momentum of the expanding DeFi sector. Announced on October 17, this ERC-20 token is crafted to bridge the capabilities of Bitcoin with the diverse applications found in decentralized finance and
Exchanges
In the rapidly evolving landscape of cryptocurrency, the services provided by exchanges play a crucial role in enhancing user engagement and participation. Recently, Kraken, a prominent player in the crypto exchange sector, announced a significant collaboration with EigenLayer. This strategic integration permits Kraken’s users to engage in the process of restaking Ethereum (ETH) directly through
The ongoing saga surrounding Tigran Gambaryan, a high-ranking executive at Binance, has become a focal point of distress for both the cryptocurrency platform and Gambaryan’s family. On October 11, a Nigerian High Court made headlines by rejecting a bail application for Gambaryan. This decision is shrouded in controversy, as it hinges on procedural technicalities rather
Arkham Intelligence is gearing up to unveil its crypto derivatives exchange next month, a move reported by Bloomberg News on October 11. This announcement has sparked considerable excitement within the cryptocurrency community, leading to a notable 12% increase in the price of its native token, ARKM. As the market is currently experiencing a general upswing,
The South Korean Financial Services Commission (FSC) has initiated an investigation into Upbit, the nation’s preeminent cryptocurrency trading platform. This inquiry stems from concerns regarding Upbit’s market dominance and its consequential influence on the virtual asset landscape, as highlighted in a report from the local media. The FSC, led by Chairman Kim Byung-hwan, is poised
The 2016 Bitfinex hack, which resulted in the unprecedented theft of approximately 120,000 Bitcoin (BTC), has cast a long shadow over the cryptocurrency exchange landscape. Recent filings from the US government suggest that the focus of restitution efforts post-hack will singularly revolve around Bitfinex itself. This new development indicates that individual users who were affected
The landscape of cryptocurrency is continuously evolving, and one of the most significant shifts in recent years has been the aggressive action against privacy tokens by centralized exchanges. In 2023 alone, a staggering 60 privacy coins faced delisting from various exchanges, as revealed in a report by Kaiko. This unprecedented number marks a significant increase
On October 7, the cryptocurrency market experienced a dramatic event when Bitget’s native token, BGB, plummeted from $1.15 to $0.5344 in a matter of minutes. This shocking decline raised alarm bells across the trading community, prompting immediate investigations and responses from the exchange. The drop, which lasted approximately ten minutes, was particularly perplexing to traders,
In a recent notification to its users, crypto exchange Gemini has revealed its intention to terminate its operations in Canada by the close of 2024. This announcement, conveyed through an email dated September 30, 2023, signifies the impending closure of all user accounts, with a grace period until the end of the year for customers
In a significant move reflecting the evolving regulatory landscape, Kraken, one of the largest cryptocurrency exchanges, announced it will end support for Monero (XMR) in the European Economic Area (EEA) by the end of October 2024. This decision, disclosed in an official statement on October 1, is not merely an operational adjustment; it underscores the