Tagged: crypto exchange

June 23, 2025 @ 5:11 am By Omar Faridi  |  

On June 18, 2025, Nobitex, Iran’s largest cryptocurrency exchange, fell victim to a devastating cyberattack that resulted in the loss of approximately $90 million in digital assets, with some estimates suggesting losses as high as $100 million. The breach, which targeted the exchange’s hot wallets,… Read More

June 21, 2025 @ 6:41 am By Omar Faridi  |  

OKX announce that they’ve achieved ISO/IEC 27001:2022 certification, the world’s standard for information security management systems. This milestone / achievement reinforces their position as a global enabler of digital asset security, confirming that their robust security framework “not only meets but exceeds the international standards… Read More

June 15, 2025 @ 4:26 pm By Omar Faridi  |  

In a significant development tied to the collapse of the cryptocurrency exchange FTX, NBA legend Shaquille O’Neal has reportedly reached a $1.8 million settlement to resolve claims against him for his role in promoting the platform. The settlement, finalized recently, marks a notable contrast to… Read More

June 4, 2025 @ 8:15 am By Omar Faridi  |  

The cryptocurrency ecosystem has marked a pivotal moment as FTX, once a major crypto exchange, began its creditor distribution process. Sunil, an advocate for FTX creditors known on X as @sunil_trades, shared that around $5 billion is being returned to creditors. Large claims over $50,000… Read More

May 20, 2025 @ 11:05 am By JD Alois  |  

Kraken is now offering crypto perpetual futures in the European Economic Area (EEA). The crypto exchange says it is the first platform to offer this regulated feature. Kraken will offer the derivatives through Payward Europe Digital Solutions (CY) Ltd – a Cyprus-based MiFID II-regulated entity…. Read More

May 19, 2025 @ 8:39 am By JD Alois  |  

Bitstamp, a crypto exchange that claims to be the longest-running in the world, has gained a Crypto Asset Service Provider (CASP) license. The license means the company can operate under the EU’s Markets in Crypto-Assets (MiCA) regulation. The Commission de Surveillance du Secteur Financier (CSSF)… Read More

May 14, 2025 @ 8:11 am By Omar Faridi  |  

Bullish, one of the regulated virtual asset exchanges,  announced its partnership with the Gibraltar Government and the Gibraltar Financial Services Commission (GFSC) to develop the regulation for the clearing and settlement of “derivative contracts settled in virtual assets.” This innovation will enable virtual asset derivative… Read More

May 13, 2025 @ 7:20 am By Omar Faridi  |  

Coinbase Global Inc. (NASDAQ: COIN) is set to join the S&P 500, replacing Discover Financial Services, effective before trading begins on May 19, 2025. Coinbase replaces old-school financial firm Discover in the index. This move, announced by S&P Dow Jones Indices, underscores the integration of… Read More

May 8, 2025 @ 7:10 am By Omar Faridi  |  

The centralized cryptocurrency exchange (CEX) landscape continues to evolve, with Binance maintaining its dominance despite a notable decline in trading volume, while Gate.io and Bitget make significant strides, according to a recent CoinGecko report analyzing spot trading volumes from October 2024 to April 2025. The… Read More

May 6, 2025 @ 5:04 pm By Omar Faridi  |  

Digital assets firm OKX continues to expand its role in the Web3 space with a series of updates, including enhancements to its DEX aggregator, the introduction of OKX Pay, a new digital wallet app, and the appointment of Jonathan Brockmeier as Chief Commercial Officer (CCO)…. Read More

May 4, 2025 @ 10:08 pm By Omar Faridi  |  

Crypto exchange Kraken recently uncovered a sophisticated attempt by a North Korean hacker to infiltrate its operations through a seemingly innocuous job application. The incident, detailed by Kraken on May 1, 2025, highlights the evolving tactics of state-sponsored cyber threats targeting the crypto industry, with… Read More

April 29, 2025 @ 4:19 pm By JD Alois  |  

bunq, a digital bank based in the Netherlands, now offers crypto investing within its app. The service is now available in the Netherlands, France, Spain, Ireland, Italy, and Belgium. Bunq states that it will roll out crypto trading across the entire European Economic Area, as… Read More

April 28, 2025 @ 11:06 pm By Omar Faridi  |  

Cryptocurrency exchange Bitget has announced plans to pursue legal action against eight accounts suspected of orchestrating a sophisticated market manipulation scheme involving the VOXEL token, resulting in illicit profits exceeding $20 million. The move comes in response to unusual trading activity detected on April 20,… Read More

April 27, 2025 @ 9:31 pm By Tony Zerucha  |  

Theo, a network connecting on-chain capital to global markets via institutional-grade trading infrastructure, has raised $20 million in funding. The round was jointly led by Hack VC and Anthos Capital, with participation from venture capital firms including Manifold Trading, Mirana Ventures, Metalayer Ventures, Flowdesk, SCB, MEXC, Amber… Read More

April 24, 2025 @ 4:24 am By Omar Faridi  |  

Russia’s Central Bank and Finance Ministry are preparing to introduce a specialized cryptocurrency exchange tailored for qualified investors. This initiative, set to operate under an experimental legal framework, marks a significant step toward (what appears to be) legalizing crypto assets in the country. The exchange… Read More

April 23, 2025 @ 1:17 pm By Tony Zerucha  |  

BitradeX, an AI-powered digital asset trading platform, this week announced the successful completion of its £12 million ($15.9 million) Series A funding round. It was led by Bain Capital. The capital will support BitradeX’s global compliance expansion, the development of its AI Strategy Labs, and… Read More

April 22, 2025 @ 7:15 am By Omar Faridi  |  

One of South Korea’s largest digital assets exchanges, Bithumb, is reportedly making significant strides toward an initial public offering (IPO) slated for the second half of 2025. In a strategic move to streamline operations and potentially enhance its valuation prospects, the exchange announced plans to… Read More

April 20, 2025 @ 8:01 pm By Omar Faridi  |  

The Supreme Court of India dismissed a petition filed by 54 victims of the WazirX hack on April 16, 2025, seeking action against the crypto exchange and its associates. The decision underscores the persistent regulatory ambiguity surrounding cryptocurrencies in India, leaving victims of the $235… Read More

April 16, 2025 @ 9:00 pm By Omar Faridi  |  

Bullish, which claims to be one of the “fastest-growing” regulated digital asset exchanges, announced a partnership with Archax, the FCA-regulated digital asset exchange, broker, and custodian. The collaboration aims to enhance liquidity for stablecoins launched by Archax on the Bullish Exchange, by “utilizing Bullish’s proprietary… Read More

March 27, 2025 @ 12:10 pm By JD Alois  |  

The Securities and Exchange Commission has continued its retreat from regulation by enforcement regarding digital asset firms by ceasing its enforcement action against crypto exchange Kraken. Also known as Payward and Payward Ventures, the Commission said the case was dismissed with prejudice, which means permanently…. Read More