Binance, a prominent cryptocurrency exchange, has made the strategic decision to withdraw from the Russian market. This judgment arises in the context of growing regulatory scrutiny around cryptocurrencies in Russia. Binance has announced its intention to discontinue its services to users in Russia within a specified timeframe. It is recommended that Russian customers proceed with … Read more
Robinhood reported a decline in its crypto revenue for Q2 2023, dropping 18% from $38 million in Q1 to $31 million. Despite the decline in crypto revenue, Robinhood achieved profits in Q2 2023, recording a total net revenue of $468 million, up 10% sequentially. The company attributed the revenue increase to higher net interest revenues … Read more
The Memecoin mania on Coinbase-supported Base has produced both enormous gains and the possibility of rug pulls. Memecoins are being accumulated by cryptocurrency traders in place of Bitcoin as a result of their potential for larger gains in comparison to Bitcoin’s declining returns. The top memecoins making news this past weekend include BALD, which soared … Read more
South Korean exchange Upbit suspended trading of Curve Finance (CRV) token after a major exploit on the platform. The exploit was caused by a reentrancy bug that affected certain stablecoin pools, putting over $100 million worth of assets at risk. Upbit temporarily halted CRV deposits and withdrawals to protect users from potential losses. Other exchanges … Read more
Copycat attacks on BNB Smart Chain (BSC) led to the theft of cryptocurrency valued at about $73,000. The attacks targeted BSC’s DeFi pools by taking use of flaws in the Vyper programming language used in some versions (0.2.15, 0.2.16, and 0.3.0). Attackers were able to repeatedly call a contract’s function and access cash without authorization … Read more
The SEC and Coinbase engaged in a regulatory dispute over Coinbase’s trading activities. To prevent a lawsuit, the SEC asked Coinbase to halt trading in all digital assets on its platform, with the exception of Bitcoin (BTC). Brian Armstrong, CEO of Coinbase, disagreed with the SEC’s interpretation and claimed that following it would create an … Read more
A recent analysis published by the American cryptocurrency company Coinbase detailed how the use of cryptocurrencies might help Americans save millions of dollars in remittance expenses. As stated by the cryptocurrency corporation, the disjointed nature of the global financial system presents challenges for citizens of the United States who depend on remittance fees. (1) It … Read more
The Non-Fungible Tokens (NFTs) business has grown to become a crypto sector valued at $2.1 billion, and OpenSea has played an important role in the expansion of its use around the world. OpenSea was established in 2017 and has already facilitated more than $20 billion in NFT volumes from over 2 million collections. In addition, … Read more
Paxful could be the latest company to be impacted negatively as a result of the truth that the worldwide peer-to-peer (P2P) market is rapidly losing popularity. Paxful CEO Ray Youssef announced in a blog post that the company will immediately begin shutting down its activities, and there is no guarantee that they will ever resume … Read more
The most recent Elon Musk & Dogecoin (DOGE) Twitter excitement has directed attention to a mysterious wallet that was formerly responsible for the custody of $24 billion in DOGE. (1) On April 3, the boisterous CEO of Tesla replaced Twitter’s logo with the Dogecoin logo, immediately triggering a bullish jump in cryptocurrency prices. The price … Read more