Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users. To the best of our knowledge, no other exchange can boast near as many users. However, it bears mention that these figures are self-reported. In true celebratory fashion, Binance marked the occasion across…

The cryptocurrency community is concerned following a suspected rug-pull incident involving the Gemholic project and the zkSync network. Several users affected by the alleged Gemholic scam have taken to X to raise awareness. NSerec, the founder of Zkmarkets, confirmed that Gemholic stole $3.5 million. In the X post, NSerec claimed that Gemholic had deceived its investors for…

Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “Why?” “No hate, just a genuine question, What is the value proposition of a social-focused chain?” crypto trader Dr. Jojipup asked in reply…

Blockchain network Zilliqa has officially released the white paper and roadmap for its highly anticipated version 2.0 upgrade, which will deploy on the mainnet later in 2024. According to the network, the new version promises to improve the platform, making it faster, more efficient and capable of working with other blockchain networks. New features in Zilliqa…

The political landscape might influence how the United States Securities and Exchange Commission (SEC) handles crypto-related policies in the lead-up to the 2024 election, according to Consensys’ senior counsel. Speaking to Cointelegraph at the Consensus conference in Austin on May 29, Consensys senior counsel and director of global regulatory matters Bill Hughes said it was…

Market depth in cryptocurrency trading, explained In cryptocurrency trading, market depth describes the market’s capacity to withstand significant orders without appreciably impacting price.  It is a liquidity metric that shows how many buy and sell orders there are for a given cryptocurrency at different price points. So, how is market depth displayed? A depth chart is commonly used to…

Unstoppable Domains and Blockchain.com have partnered to launch and commercialize a “.blockchain” domain name system (DNS)-enabled Web3 domain. According to the announcement shared with Cointelegraph, the duo teamed up to register the .blockchain Web3 domain with the Internet Corporation for Assigned Names and Numbers (ICANN), the world’s authority on IP addresses and domain names. “The…

The approval of United States spot Ether exchange-traded funds (ETF) will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler. Gensler’s comments appear to put the onus for approvals on issuers and indicate the SEC will not drag the process out as some feared. On May…

Cryptocurrency exchange Coinbase is launching a smart wallet. The new Coinbase Wallet will offer users greater convenience through onboarding, eliminating gas fees and making recovery phrases unnecessary. Smart wallets overcome complexity The smart wallet will allow users to create a new wallet and onboard onto a blockchain without downloading a new app or receiving a…

The board of directors of the Central Bank of the United Arab Emirates (CBUAE) approved the issuance of a new system to oversee and license stablecoins. In a meeting in Abu Dhabi, the board reportedly discussed projects under the government’s financial infrastructure transformation (FIT) program. The initiative aims to boost digital transactions, advance the country’s…