In a surprising turn of events, an anonymous Bitcoin user recently made a transaction that resulted in an exorbitant fee of 19 BTC, amounting to a staggering $510,000. What makes this case particularly astonishing is that the user only intended to transfer 0.074 BTC, which is valued at less than $2,000. This incident has become
Exchanges
Coinbase, a leading cryptocurrency exchange, has recently announced an increase in the interest rate for USDC (USD Coin) held on its platform. The reward rate has been raised to 5%, up from the previous rate of 4%. This change signifies a significant 150% increase from the initial rate of 2% that was active a few
Binance, one of the leading cryptocurrency exchanges, recently announced that it will be discontinuing support for features related to non-fungible tokens (NFTs) and Polygon-based NFTs. This decision has raised questions about the exchange’s motivations and the implications for users. In this article, we will critically analyze Binance’s move and explore the potential reasons behind it.
Coinbase, the popular crypto exchange, has seen its top executives sell more than $30 million worth of company shares following the filing of a lawsuit by the U.S. Securities and Exchange Commission (SEC) on June 6. Brian Armstrong, the co-founder and CEO of Coinbase, has led the sales with a total of 43 transactions between
Coinbase, a leading cryptocurrency exchange, has recently implemented new regulations for its Singapore users. Starting from September 5th, users in Singapore are now required to provide additional counterparty information when initiating cryptocurrency deposits or withdrawals from their accounts. These measures have been introduced to comply with the regulations set forth by the Monetary Authority of
In a significant move aimed at expanding its services, Coinbase, one of the leading cryptocurrency exchanges, is venturing into the world of institutional lending. The company recently revealed its plans to launch a digital asset lending program specifically designed for its institutional Prime clients. This development comes as Coinbase continues to seek growth opportunities and
Binance, one of the world’s largest cryptocurrency exchanges, recently confirmed the departure of its head of product, Mayur Kamat. This news comes amidst a series of high-level executive exits from the company, fueling speculations about Binance’s future. The departure of key personnel raises concerns about the exchange’s ability to navigate the regulatory challenges it currently
Since August 31, an FTX-owned cold wallet has transferred almost $10 million worth of altcoins from Solana to Ethereum through the Wormhole Bridge. This significant movement of funds has sparked curiosity and concern within the crypto community. It remains unclear what the purpose of these transfers is and how they are connected to FTX’s current
GMX, a decentralized perpetual exchange, made a significant impact in the DeFi community when it launched on Arbitrum in early September 2021. It became the first DEX and perpetual market on the Arbitrum ecosystem, offering swaps and leverage trading. One of the key features of GMX was its shared liquidity pool system, which minimized price
Attorneys representing FTX founder Samuel Bankman-Fried have raised concerns about their client’s lack of adequate access to evidence against him, claiming that it violates his constitutional rights. In a letter addressed to U.S. District Judge Lewis A. Kaplan on Aug. 30, Mark Cohen and Christian Everdell argued that the recent proposal made by federal prosecutors