In recent weeks, the Solana blockchain community experienced significant vexation due to transaction delays when using Coinbase. Reports emanating from users on social media platform X indicated that transactions could linger for as long as 45 minutes—an astonishing duration in a sector where speed is often equated with efficiency. Compared to other blockchain networks like
Exchanges
In an alarming development for Binance, a prominent cryptocurrency exchange, former executive Amrita Srivastava has leveled serious accusations of retaliatory dismissal. These claims arise from her allegations of a bribery scheme involving a former colleague. Srivastava, who was part of Binance’s London team, has recounted her experience of being let go after she raised these
Celo, a significant Layer-1 blockchain known for its mobile-first approach to achieving financial inclusion, is at a pivotal point in its development. The excitement surrounding Celo’s impending migration into the Ethereum Layer-2 network, which operates within Optimism’s Superchain framework, has recently shifted to unease. Following Coinbase’s announcement on November 27 that it would not support
FTX, along with its associated debtors, has revealed a timeline indicating their aim to fulfill their Chapter 11 Plan of Reorganization by January 2025. This comprehensive plan primarily focuses on distributing assets to creditors and former customers who suffered losses during the company’s turbulent decline. As part of this reorganization, specialized distribution agents will finalize
In a significant breakthrough, South Korean authorities have successfully traced and recovered 4.8 Bitcoin (BTC) associated with the notorious 2019 hack of the Upbit cryptocurrency exchange. Local news reports, particularly from Yonhap News, have highlighted this milestone as a substantial achievement against the backdrop of pervasive cybercrime. The incident, believed to have been orchestrated by
In a significant move that reflects the evolving landscape of cryptocurrency, Coinbase has announced the discontinuation of Wrapped Bitcoin (WBTC) trading pairs on both its exchange and Prime platforms effective December 19. This decision underscores the challenges that WBTC faces in meeting the rigorous standards imposed by the exchange. While users will retain the ability
On November 18, Binance made headlines with the introduction of BFUSD, a yield-bearing stablecoin tailored specifically for futures and perpetuals traders. This innovative financial instrument aims to attract investors by offering an impressive annual percentage yield (APY) of approximately 19.55%. By enabling users to earn rewards simply by holding BFUSD in their futures accounts, Binance
Recent media reports indicate that the Trump Media and Technology Group (TMTG) is in advanced negotiations to acquire Bakkt, a prominent cryptocurrency trading platform under the umbrella of the Intercontinental Exchange (ICE). If the deal materializes, it would mark a significant foray for TMTG into the burgeoning world of cryptocurrency, a space that has gained
Recent investigations by the South Korean Financial Intelligence Unit (FIU) have brought to light alarming Know-Your-Customer (KYC) violations linked to Upbit, the nation’s premier cryptocurrency exchange. On November 14, local reports emerged indicating that these infractions were discovered during a routine review of Upbit’s business license renewal. The FIU revealed the existence of between 500,000
The investigation into the massive $235 million breach of the popular crypto exchange WazirX has seen significant developments, particularly with the arrest of SK Masud Alam. This breakthrough shines a light on the multifaceted nature of digital fraud, where a seemingly ordinary individual can become entangled in a web of deception and illicit activities. Alam,