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Centralized Finance, financial firms with centralized teams, closed entities and custodied funds, which transact with digital assets and offer services to the blockchain industry.

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Binance Launches Proof-of-KYC Token That Can Be Used Across Platforms

The Binance Account Bound Token (BABT) is non-transferrable and can be revoked by Binance.

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Binance Launches Proof-of-KYC Token That Can Be Used Across Platforms

The Binance Account Bound Token (BABT) is non-transferrable and can be revoked by Binance.
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Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts

Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts

After 6.5 years as CEO, Selkis is passing the reins onto co-founder Eric Turner.
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Microsoft Goes Down But Crypto Doesn’t Care

While outages are reported across industries, crypto websites and blockchains are up and running.
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Copper Launches Support For Internet Computer’s ICRC and SNS Tokens

Copper Launches Support For Internet Computer’s ICRC and SNS Tokens

Copper has integrated support for ckBTC, a Bitcoin-backed token on Internet Computer.
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Indian Crypto Exchange WazirX Halts Withdrawals After $230 Million Breach

Onchain data shows the hacker selling various cryptocurrencies for Ether.
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Celsius Recovers $100 Million From Users Who Withdrew Funds Before Bankruptcy

Celsius Recovers $100 Million From Users Who Withdrew Funds Before Bankruptcy

The Celsius Litigation Administrator said that early withdrawals have unfairly benefited.
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Centralized Exchange Losses to Hacks are Up 1,000% This Year: ImmuneFi

Hackers stole $572 million in Q2, up from $345 million in the previous quarter.
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hackers stealing money

Certik Holds $3 Million ‘Hostage’ From Kraken as Exchange Threatens Employees

The cybersecurity firm made a suspiciously large number of transactions to “test” a vulnerability in the crypto exchange.
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Tether Looks To Compete Against DeFi With Upcoming Synthetic Asset Platform 

Tether Looks To Compete Against DeFi With Upcoming Synthetic Asset Platform 

Tether launched a gold-backed USD stablecoin demonstrating its forthcoming “Tethered asset” platform, Alloy.
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Coinbase Advanced to Offer Pre-Launch Token Trading

US-based Coinbase is the first tier-1 exchange to offer pre-market perpetuals.