Zoomex made waves at the TOKEN2049 Singapore Summit, stepping into the spotlight with a mainstage chat and a side event that got the crypto world talking. The exchange brought together an unexpected duo: its CEO and an F1 driver, to discuss speed in racing and blockchain. Oliver Bearman, the Haas F1 driver, shared insights on quick decision-making on the track, drawi...
Bullish, a cryptocurrency exchange, has taken a significant step by filing for an IPO on the NYSE. This move comes as no surprise, given the growing interest in digital assets and the public market's appetite for crypto-related companies. The exchange, led by Tom Farley, a seasoned finance professional, aims to trade under the ticker symbol "BLSH. " Bullish is not n...
Bybit, a big player in the world of cryptocurrency exchanges, just got hit hard. Hackers made off with a staggering $1. 5 billion in digital assets, making it the biggest crypto heist ever recorded. The attack didn't just happen anywhere; it targeted Bybit's cold wallet, which is supposed to be super secure because it's offline. The stolen funds, mostly in e...
Red Bull just lost a big chunk of cash. Bybit, a Singapore-based cryptocurrency exchange, was a major sponsor for Red Bull's F1 team. They had a three-year deal worth $150 million. But that's over now, and Red Bull's website has already taken down Bybit's name from their partners list. No renewal, huh? Red Bull and Bybit sealed the deal in 2022, aiming to boost fan ...
The launch of Bitcoin futures shook up the cryptocurrency world, but not in the way some expected. Initially, it seemed like the introduction of these futures contracts made Bitcoin's price swings even wilder. But as time passed, things settled down. Researchers took a close look at minute-by-minute price data from several exchanges and found that, in the end, future...
Kraken, a big US-based crypto exchange, decided to shut down its NFT marketplace after a couple of years. The announcement was made in late November, and users have until early next year to move their NFTs to a crypto wallet. Kraken said they're doing this to focus on new products and services. Starting from November 27, the NFT marketplace on Kraken only allows wit...
Caroline Ellison, a former top executive at FTX, has been sentenced to 24 months in prison for her role in a multibillion-dollar fraud. But Ellison's story is not just one of crime and punishment. It's a tale of vulnerability, exploitation, and ultimately, redemption. Ellison, 29, pleaded guilty nearly two years ago and testified against her former boss, Sam Bankman...
It's a tale of caution, a story of how even the most cutting-edge and sophisticated companies can crumble under the weight of deception. Thoma Bravo, a private equity investor, once hailed FTX as the "most cutting-edge, sophisticated cryptocurrency exchange in the world." But now, after the company's spectacular downfall, Bravo is adamant that he and his firm will "n...
The CEO of Coinbase Global, Brian Armstrong, recently emphasized the need for clear regulation in the crypto universe. He believes that such legislation would provide a level playing field, subsequently attracting a massive influx of capital into the crypto space. Armstrong's assertion is that the United States will eventually follow the path already taken by other c...
The FBI's 2023 Cryptocurrency Fraud Report reveals a staggering $5.6 billion in reported losses to cryptocurrency scams, with older Americans bearing the brunt of the damage. The majority of these scams, a whopping 53% increase from 2022, are pig butchering scams, where fraudsters build fake relationships with victims and convince them to invest in bogus cryptocurren...