Coinbase will disable Wrapped Bitcoin (WBTC) trading pairs from its exchange and Prime platforms on Dec. 19, citing the token’s failure to meet its listing standards, according to a Nov. 19 announcement. Users will still be able to withdraw their funds past this date. Coinbase did not specify how WBTC falls below its listing standards, the […]
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The South Korean government has uncovered significant Know-Your-Customer (KYC) violations on Upbit, the country’s largest cryptocurrency exchange. On Nov. 14, local media reports indicated that the Financial Intelligence Unit (FIU) of the Financial Services Commission identified these issues during a routine business license renewal review for Upbit. The regulator has found between 500,000 and 600,000 […]
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Delhi Police have made progress in investigating the $235 million breach of crypto exchange WazirX by arresting SK Masud Alam from Bengal. On Nov. 13, local media outlet IndiaToday reported that Alam allegedly set up a fake account on WazirX under the alias “Souvik Mondal.” He reportedly sold this account via Telegram to a person […]
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Binance revealed that it has seen billion-dollar inflows following the just-concluded US elections, according to a Nov. 12 report shared with CryptoSlate. Since the Nov. 5 election that former President Donald Trump won, DeFiLlama data reveals that inflows into Binance have surpassed $7 billion. The inflow volume significantly outpaced its nearest competitor, OKX, which recorded […]
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Crypto community members have raised concerns over Binance’s listings of Solana-based memecoins—The AI Prophecy (ACT) and Peanut the Squirrel (PNUT)—alleging a possible pump-and-dump scheme. On Nov. 11, Binance, the world’s largest crypto exchange by trading volume, unexpectedly listed these low-market-cap memecoins, helping to boost their values and market caps rapidly. Following the Binance listing, ACT […]
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The election of a pro-crypto President and pro-crypto lawmakers in the United States has brought renewed attention to the crypto markets.
Coinbase CEO Brian Armstrong has voiced his support for Securities and Exchange Commissioner (SEC) Hester Peirce‘s appointment to lead the agency during President Donald Trump‘s second term. Armstrong’s comments, shared on Nov. 8 through a post on X, described Peirce as “smart, fair, professional,” and capable of bridging both sides of the political spectrum. He […]
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Kraken’s legal team, led by attorney Michael O’Connor, has criticized the US Securities and Exchange Commission (SEC) for its latest attempt to dismiss critical defenses raised by the exchange in their ongoing legal battle. On Nov. 6, O’Connor shared a statement on X, condemning the SEC’s approach as an attempt to “avoid discovery” into what […]
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WazirX announced plans to launch a decentralized exchange (DEX) as part of a broader effort to enhance user security. The move follows a major breach in July, when hackers siphoned $235 million from the platform, sparking concerns over the security of centralized exchanges. WazirX co-founder Nischal Shetty said the new DEX would operate alongside the […]
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Crypto.com aims to expand its crypto offerings to include stablecoin and an exchange-traded fund (ETF) product in 2025. The Singapore-based exchange also revealed a plan to give customers access to traditional financial products like banking and stock trading. This move comes as Crypto.com has positioned itself as one of the top trading platforms of 2024, […]
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The bankrupt FTX exchange has filed a lawsuit against Ryan Salame, the former co-CEO of its Bahamian subsidiary, seeking to recover approximately $98.8 million in cash and crypto, according to a Nov. 4 court filing. The failed firm accuses Salame of knowingly assisting other executives—most notably, founder Sam Bankman-Fried—in breaching fiduciary duties and misappropriating customer […]
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Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling 30,371 BTC, were directed to […]
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OSL Group Limited announced that its Japanese subsidiary, OSL Investment (Japan) Limited, has signed a share purchase agreement to acquire an 81.38% stake in local crypto exchange CoinBest K.K., according to a Nov. 4 press statement. This acquisition represents a significant move for OSL, marking its strategic entry into Japan’s rapidly expanding crypto market, which […]
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Tron Network founder Justin Sun and Sonic Labs co-founder Andre Cronje have disputed Coinbase CEO Brian Armstrong‘s claim that the US-based trading platform provides free asset listings. On Nov. 4, Sun revealed that Coinbase allegedly demanded a payment of 500 million TRX, valued at around $80 million, for listing TRX, Tron’s native token. However, he […]
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Coinbase chief legal officer Paul Grewal said that the crypto exchange has discovered over 20 instances where the Federal Deposit Insurance Corporation (FDIC) asked banks to “pause” or “refrain from providing” or “not proceed” with crypto-related banking services. In an X post, Grewal wrote: “In short, the contents are a shameful example of a government […]
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M2, a UAE-based crypto exchange, experienced a significant security breach that resulted in the loss of $13.7 million in digital assets. In a Nov. 1 statement, the exchange disclosed that the incident occurred on Oct. 31 at approximately 3:16 A.M., noting that while its team responded swiftly to the attack, the breach still led to […]
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Bankrupt crypto exchange FTX has reached settlement agreements with Evolve Bank and Silicon Valley Community Foundation (SVCF) that could enable it to recover up to $21 million in assets. According to Oct. 30 court filings, these settlements still require court approval, with a hearing set for Nov. 20. Evolve Bank settlement Before FTX’s collapse in […]
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Binance is turning to Amazon Web Services (AWS) and its advanced generative AI tools to enhance user experience on its platform, according to an Oct. 31 statement shared with CryptoSlate. By incorporating AWS’s Cloud and Generative AI technologies, Binance aims to streamline user onboarding, strengthen customer support, and improve internal systems for automated diagnostics and […]
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A recent report by Animoca Research revealed that tokens listed between January and September on five major exchanges registered a negative median performance ranging from 40% to 70%. The report analyzed 773 token listings from Binance, Bitget, Bybit, KuCoin, and OKX. Binance displayed the fewest listings, totaling 44 tokens. OKX adopted the same conservative approach, […]
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Nishad Singh, former engineering director at defunct exchange FTX, was sentenced to time served and three years of supervised release on Oct. 30 for his role in misappropriating user funds and violating campaign finance laws. The decision, handed down by US District Judge Lewis Kaplan, follows Singh’s February guilty plea to six felony charges and […]
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Kraken announced on Oct. 30 a round of layoffs described as “organizational changes” designed to streamline operations and refocus its mission and appointed Arjun Sethi as its co-CEO. Sethi is the co-founder of the venture capital fund Tribe Capital. The exchange stated: “Making organizational changes is never easy, and we understand their profound impact on […]
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FTX CEO John J. Ray III urged the court to keep former engineering director Nishad Singh out of prison, arguing that his continued freedom would help maximize asset recovery for the exchange’s creditors. Ray emphasized Singh’s cooperation as essential to FTX’s ongoing bankruptcy proceedings, where he has already assisted in asset recovery and provided critical […]
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TradFi payment company Visa is championing a new partnership with Coinbase to offer instant deposit services for customers using eligible debit cards, according to an Oct. 29 statement. Visa’s Head of Crypto, Cuy Sheffield, commented, “Excited for Visa to partner with Coinbase to help them utilize Visa Direct to fund Coinbase accounts and enable real […]
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Optimism Foundation and Kraken closed a 25 million OP deal to bring the exchange’s new layer-2 (L2) blockchain, Ink, to the Superchain ecosystem. According to CryptoSlate data, the deal is worth $43 million at OP’s current price of $1.72. Grant Optimism Foundation’s chief growth officer, Ryan Wyatt, explained that the grant is structured to fund Kraken’s protocol engineering […]
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Deepfake scams are everywhere, and detecting them with the naked eye is fast becoming impossible. Awareness and education need to be improved.
Crypto exchange Gemini said it has received in-principle approval from the Monetary Authority of Singapore (MAS) to provide cross-border money transfer and digital payment token services, according to an Oct. 29 statement. The Winklevoss twins-led exchange stated that the license aligns with its broader global strategy to grow its presence, especially in the Asia-Pacific (APAC) […]
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Coinbase CEO Brian Armstrong has called on the next Chair of the US Securities and Exchange Commission (SEC) to dismiss the agency’s “frivolous” cases against crypto firms and publicly apologize to the American people. In an Oct. 29 post on X, Armstrong highlighted inconsistencies in the SEC’s approach to the crypto sector, which he argues […]
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FTX has reached a $228 million settlement with crypto exchange Bybit and its affiliates, concluding a lawsuit filed in Nov. 2023 that sought to recover approximately $1 billion in assets. The agreement allows FTX to withdraw $175 million in digital assets held on Bybit’s platform and sell about $53 million in BIT tokens to Mirana […]
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Hong Kong authorities expect to license more crypto exchanges before the end of this year, according to Financial Secretary Paul Chan. At the ongoing Hong Kong FinTech Week, Chan stated that the Securities and Futures Commission (SFC) is actively reviewing more platforms for potential licensing. The news indicates that more virtual asset service providers could […]
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Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, showing that over 40% of customer assets are stored on third-party exchanges, according to an Oct. 25 statement. The exchange said its PoR dashboard aims to promote transparency by enabling independent verification of its wallet addresses, which include the precise holdings for each asset. WazirX’s […]
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