BitGo’s recent filing to go public captures the attention of the financial world, not merely due to its impressive revenue projection but because it signals a shift in the broader institutional acceptance of crypto assets. Projected revenues soaring from under $1 billion in 2023 to over $3 billion in 2024 demonstrate that the crypto custody
Exchanges
In recent months, attention has centered on whether major cryptocurrency platforms like Binance truly abide by their legal commitments, or if they are merely skating by on the virtue of their size and influence. The fawning media and regulatory bodies often portray these exchanges as entities slowly aligning with traditional financial standards. However, a closer
Binance’s current negotiations to potentially eliminate its compliance monitor reflect a troubling tendency among major crypto players to prioritize profits over accountability. The company’s desire to shed external oversight is less about genuine reform and more about the illusion that it can self-regulate effectively. Such a move dangerously undermines anti-money laundering efforts and sets a
The decision by Gemini to partner with Nasdaq and pursue a public listing reveals more about the industry’s aspirations than its actual stability. While it seems a sign of the maturation of cryptocurrencies, this maneuver masks fundamental risks inherent in digital assets. The notion that a crypto exchange can attain legitimacy comparable to traditional stock
South Korea, a nation renowned for its technological innovation and digital sophistication, is now witnessing an undercurrent of change that could alter its entire blockchain ecosystem. Central to this transformation is Upbit, the largest cryptocurrency exchange in the country, which has recently dropped cryptic hints about a groundbreaking project called “Giwa.” While details remain scarce,
In recent years, a new financial frontier has emerged within the public markets—corporate crypto treasuries. Many companies, especially those listed on Nasdaq, have aggressively adopted strategies that involve issuing equity or convertible debt to accumulate cryptocurrencies like Bitcoin, Ethereum, and Solana. This wave of asset buildup is fueled by a belief in digital assets’ potential
In recent developments, Coinbase has boldly declared that nearly half of its daily code is now generated by artificial intelligence, marking a significant milestone in the tech industry’s reliance on machine learning. Such a transition, while seemingly advantageous, signals a deeper concern about the foundational stability of financial infrastructure built largely on automated processes. The
By mid-2025, Binance has emerged as an unparalleled force within the global cryptocurrency ecosystem, eclipsing its rivals by a staggering margin. Its trading volume not only outpaces individual competitors but surpasses the combined activity of the entire industry. This unprecedented concentration signals a shift towards a less competitive and more centralized market structure, which poses
The recent disclosures by Bullish about its use of stablecoins during a $1.15 billion IPO serve as a window into the seismic shifts occurring within global financial markets. While many may view this as a progressive leap towards efficiency, it’s vital to scrutinize the potential vulnerabilities that accompany such innovation. The reliance on a complex
The recent IPO filing of Gemini, one of the most prominent cryptocurrency exchanges founded by the Winklevoss twins, exposes a sobering truth about the current state of the crypto industry. While the company is positioning itself for a historic public listing, its financial reports paint a picture of reckless ambition fueled by hype rather than