Coindesk

A Binance delisting decision sent prices of defunct crypto exchange WazirX’s WRX tokens down 60% in an hour, even as the exchange hopes for a “fresh start” of its platform.Binance said Wednesday that it was delisting WazirX’s WRX, along with Kaon (AKRO) and Bluzelle (BLZ), as part of a regular review of tokens that no longer meet its offering standards.Delisting a token from major exchanges is often perceived as a lack of confidence in the token's viability or future, triggering a negative market sentiment around the affected token. Prices of AKRO and BLZ fell as much as 40% after the announcement, but WRX was the hardest hit.WRX token exchange hands at 10 cents as of Wednesday, down 98% from a...

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is derisking ahead of today's Fed rate decision. Everyone's buzzing about the likelihood of another rate cut that will supposedly galvanize risk-taking in the economy and financial markets.Here's the twist: The central bank is expected to signal three rate cuts for 2025, not the four it projected in September, as well as revise growth and inflation forecasts higher. No surprise, then, that bitcoin and ether are trading nearly 2% lower, driving bigger losses in small-cap tokens. Among them, Pudgy Penguins' PENGU token, which has slumped over 50% since Tuesday's airdrop.The front-end call premiums in both BTC and ETH have already taken a hit, signalling a more cautious vibe in...

An intellectual property (IP) ownership could soon end up in a fight of digital dogs.Own The Doge DAO, a collective that holds the original ‘doge’ meme, on Tuesday said it had acquired the rights to use pet shiba inu Neiro’s images and was holding a community discussion on which NEIRO token can continue to use the dog’s liking.“We’re pleased to announce that @kabosumama has officially granted our DAO the Neiro IP,” Own The Doge said on X. “When Atsuko revealed the name of her new adopted dog, Neiro, many tokens were launched in an attempt to capitalize on her name and story.”“However, since then, these various tokens have battled each other to become the ‘real’ Neiro, with no agreed criteria....

Fintech giant Revolut plans to extend its battle-tested security wrapper, Revolut Pay, to crypto customers from the start of 2025 to improve protection against fraudulent attacks.As it stands, Revolut says, there is limited visibility into card transactions and bank transfers its crypto customers make with exchanges, potentially exposing them to higher levels of fraud due to card mechanisms having limited anti-scam protections.A 12-month pilot of firms using Revolut Pay’s enhanced due diligence, direct API integration and end-to-end control over the payment process showed crypto customers were exposed to about 50% fewer attempts to defraud them, Revolut said in a statement.These enhancements include know-your-customer (KYC) name matching, fraud warning screens, proof of crypto delivery and the ability for crypto merchants to...

While bitcoin (BTC) continues to reach new lifetime highs, the latest options market trend indicates that traders aren't chasing the uptrend with the same zeal as before.On Monday, BTC's price rose above $107,000, surpassing the previous peak on Dec. 5 and taking the cumulative post-U.S.-election gain to over 50%, CoinDesk data show.The rally follows President-elect Donald Trump's assurance that the U.S. will build a bitcoin strategic reserve similar to its strategic oil reserve. Analysts expect the winning streak to continue next year, with prices ranging between $150K to $200K by the end of the following year.However, the current pricing of options trading on Deribit indicates that traders aren't chasing the rally like they used to, signaling a more cautious outlook...