The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The crypto exchange said the Singapore High Court declined its proposed restructuring plan following a $230 million exploit last year.
Coinbase has officially launched two new wrapped tokens, cbXRP and cbDOGE, on its Base Layer 2 Ethereum network.
Crypto exchange WazirX suffered a major legal blow after the Singapore High Court rejected its restructuring proposal to relaunch operations following a $230 million hack in July 2024. On June 4, WazirX announced that its request for court approval had been denied, saying: “The Honourable Singapore High Court issued an order declining to approve our […]
The post WazirX relocates to Panama after Singapore court blocks restructuring efforts appeared first on CryptoSlate.
This includes roles responsible for growth in Latin America, Europe, Singapore, South Korea, and West Africa.
The Moscow Exchange lauched IBIT-tied bitcoin futures contracts as Russia gradually broaden local institutional access to cryptocurrency products.
The Altcoin LiquidityBoost Program will launch with support for 18 altcoins, with Binance regularly updating the list based on market demand.
Tether has announced a strategic investment in Orionx, a digital asset platform operating in Latin America, according to a June 3 statement. The investment aims to accelerate the use of stablecoin-powered financial services across the region, particularly in underserved and inflation-prone economies. According to the statement, Orionx currently serves users in Chile, Peru, Colombia, and […]
The post Tether invests in Orionx to boost stablecoin use in Latin America appeared first on CryptoSlate.
Norwegian Block Exchange (NBX) became the first publicly listed company in Norway to adopt a Bitcoin (BTC) treasury strategy, according to a press release. The firm announced the acquisition of 6 Bitcoin with plans to increase holdings to 10 BTC by the end of June. The move sent NBX shares soaring more than 138% following […]
The post NGX becomes first public Norwegian firm to adopt the Bitcoin standard, stock surges 138% appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
After a 12-month wait, the all-cash deal’s completion adds 50-plus licences, four million customers, and an institutional revenue line to Robinhood’s arsenal. Robinhood has closed its year-long, $200 million takeover of Bitstamp, one of the world’s oldest crypto exchanges, catapulting the California fintech from a largely U.S. player into a regulator-blessed global heavyweight overnight. “Bitstamp […]
The post Bitstamp finally folds into Robinhood in $200M merger, unlocking global crypto passport appeared first on CryptoSlate.
Kraken joins Coinbase Prime and FalconX in offering prime brokerage services to institutional crypto clients.
Secret knowledge, sudden split: the crypto exchange faces mounting legal and regulatory heat for a four-month silence over a breach affecting at least 69,000 customers. Coinbase was alerted as early as January 2025 that hackers had siphoned tens of thousands of customer records from one of its overseas support vendors, but the exchange waited until […]
The post Coinbase delayed revealing data breach that may cost up to $400M, drops third-party vendor appeared first on CryptoSlate.
The acquisition helps Robinhood expand outside the U.S., accessing Bitstamp's customers across the EU, UK, and Asia.
Hong Kong-listed OSL Group has agreed to purchase a 90% stake in Evergreen Crest, which runs an Indonesian crypto exchange.
World Liberty Financial’s stablecoin USD1 surpassed $10 billion in transfer volume just 10 days following its listing on Binance, according to data from Artemis. From May 22 to June 1, the stablecoin traded $10.7 billion in volume, surpassing the total transfers from its inception until May 21. The stablecoin is native to World Liberty Finance, […]
The post WLFI’s stablecoin USD1 surpasses $10B in transfers within 10 days of Binance listing appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.K.-listed investment company IG Group has tapped Uphold's infrastructure to power retail crypto trading, the first publicly traded company to do so.
IG Group will allow retail investors in the United Kingdom to trade 38 cryptocurrencies on its multi-asset platform from Tuesday, June 3, becoming the first London-listed broker to offer spot tokens. The firm’s integration relies on a partnership with digital-asset exchange Uphold, which will provide custody and execution services. The Financial Services Compensation Scheme does […]
The post TradFi giant and FTSE-listed IG launches retail crypto trading in UK with Uphold tomorrow appeared first on CryptoSlate.
Coinbase analysts believe that the $5 billion repayment round initiated by the FTX Recovery Trust could function as a significant injection of liquidity into digital asset markets, potentially influencing trading behavior and asset flows as funds reach affected creditors this week. The FTX Recovery Trust began distributing more than $5 billion in stablecoins on May […]
The post Coinbase says FTX repayments could become a $5B market injection appeared first on CryptoSlate.
Coinbase Institutional is expanding its derivatives offering with the launch of 24/7 trading for XRP and Solana futures, starting June 13. According to a May 29 statement, the move aims to provide real-time access for US institutional investors, aligning with the non-stop nature of global crypto markets. Derivatives push The new offering allows investors to […]
The post Coinbase adds 24/7 trading for XRP and Solana futures amid derivatives expansion appeared first on CryptoSlate.
BitMEX's investigation allegedly discovered new insight into the group's inner workings and “significant lapses in operational security.”
Netflix has green-lit an eight-episode limited series titled The Altruists, a dramatization of the eight-billion-dollar collapse of crypto exchange FTX and the downfall of its co-founder, Sam Bankman-Fried. The show, produced under Barack and Michelle Obama’s Higher Ground banner, will star Julia Garner (3x Emmy winner) as former Alameda Research chief executive Caroline Ellison and […]
The post Ozark star Julia Garner to play Caroline Ellison in Obama Netflix miniseries on FTX collapse appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Some traders see this round of $5 billion in FTX unlocks as a potential liquidity source for an upcoming “alt season.”
Canary Capital's filing follows the SEC's confirmation that proof-of-stake staking activities do not constitute securities transactions.
Thailand's securities regulator announced that crypto exchanges Bybit, 1000X, CoinEx, OKX and XT will be banned locally starting June 28.
The US Securities and Exchange Commission (SEC) asked a federal judge on May 29 to dismiss its civil complaint against Binance and its founder, Changpeng ‘CZ’ Zhao, according to a four-page filing in the District Court docket. Judge Amy Berman Jackson placed the case on a 60-day pause in February after both sides told the […]
The post SEC files dismissal on Binance lawsuit files after two-year securities showdown appeared first on CryptoSlate.
The SEC is seeking to dismiss its lawsuit against crypto giant Binance, according to a court document filed on Thursday.
Rails aims to enable participants to earn yield on their bitcoin while bolstering the Lightning Network's performance and scalability.