Decentralized exchanges (DEX) on Coinbase’s newly launched layer2 network, Base, have surpassed trading volumes on established layer1 networks such as Cardano (ADA) within 24 hours of its public release. This significant achievement highlights the growing popularity and success of Base in the blockchain space. Data from DeFiLlama reveals that Base has secured a place among
Exchanges
Binance Labs, the investment arm of Binance, announced on August 10th that it has invested $5 million in Curve DAO Token (CRV). The investment aims to strengthen the decentralized finance (DeFi) platform after a recent attack on Curve Finance. This article will delve into the details of the investment and its implications for Curve and
Over the weekend, the crypto exchange Huobi found itself under scrutiny due to claims about its financial health and the alleged legal entanglements of its executives. Although Huobi has been experiencing a decline in its total locked-up value (TVL), dropping from $3 billion to $2.4 billion in July, rumors began circulating that several Huobi exchange
Leading cryptocurrency exchange Huobi recently announced that it would be listing PayPal’s newly launched stablecoin, PYUSD. In a statement released on August 8th, Huobi revealed that it would be the first exchange to support the launch of PYUSD, offering trading pairs with USDT and implementing a 0 trading fee permanently. While Huobi did not provide
The crypto exchange industry has been marred by controversies and scandals, and FTX is no exception. Ryan Salame, the former co-CEO of FTX DM, the Bahamas subsidiary of FTX, is reportedly in negotiations with federal prosecutors to plead guilty to criminal charges. These charges are related to the collapse of the crypto exchange, and their
Coinbase, one of the leading cryptocurrency exchanges, recently released its Q2 earnings report, which showcased a decline in revenue and significant net losses. Despite this setback, the company managed to generate $708 million in total revenue, marking an 8% decrease quarter-over-quarter (Q/Q). The net revenue also experienced a decline of 10% Q/Q, amounting to $663
The Australian Securities and Investments Commission (ASIC) has taken legal action against online trading platform eToro for allegedly violating financial regulations related to cryptocurrency derivative products. The ASIC lawsuit accuses eToro of contravening the design and distribution obligations under the Corporations Act 2001 between October 2021 and July 2023. The commission claims that eToro’s broad
Binance, one of the world’s largest cryptocurrency exchanges, has taken steps to dismiss the charges filed against it and its CEO, Changpeng Zhao, by the U.S. Commodity Futures Trading Commission (CFTC). According to Binance’s court filing on July 27, the exchange argued that the CFTC exceeded its jurisdictional authority by bringing charges against entities that
The Nigerian Securities and Exchange Commission (SEC) has once again emphasized that Binance’s operations within the country are illegal, according to a recent statement released on July 28th. Specifically, the regulator mentioned Binance’s official website, categorically stating that the activities of Binance, including the platform through which the company solicits investors, are neither registered nor
Binance, a well-known cryptocurrency exchange, has announced the launch of a dedicated platform for new users in Japan. The new platform, called Binance Japan, will be accessible to existing Japanese users of the Binance global platform starting from August 14th, as stated in a press release on August 1st. Expansion into Japanese Market Binance entered