Coinbase CEO Brian Armstrong’s recent revelation that the company is acquiring Bitcoin on a weekly basis raises eyebrows far beyond the typical crypto twitter chatter. While he stops short of openly declaring Coinbase is building a corporate Bitcoin treasury, the mere admission of a “Long Bitcoin” strategy signals a pivot in the company’s posture toward
Exchanges
In an age where digital transactions are as common as sending an email, innovations like Kraken’s new mobile payment app, Krak, are setting the stage for a revolutionary shift in the way we perceive money. With the ability to handle both fiat and cryptocurrency in over 110 countries, Krak is not merely another app but
The Bitcoin market is currently experiencing a noteworthy and troubling decline in inflows to Binance, with a stark figure of just 5,700 BTC reported recently. This is a significant drop from the consistent average of 12,000 BTC observed since 2020, and even more drastic when compared to the frantic activity during the FTX crisis, where
The tale of WazirX, heralded as India’s largest cryptocurrency exchange, serves as a perplexing but necessary chapter in the evolving saga of digital finance. Initially revered as a trailblazer in the Indian crypto landscape, it has spiraled into despair, largely due to a staggering $234 million hack that has not only tarnished its reputation but
The recent legal spat between FTX and Three Arrows Capital (3AC) serves as a glaring example of the consequences of reckless behavior in the highly volatile crypto market. FTX’s bankruptcy lawyers have aptly described 3AC’s $1.53 billion claim as “illogical.” This phrase doesn’t merely encapsulate a legal dispute; it sheds light on an underlying culture
In a significant shift that could redefine the landscape of digital finance, South Korea’s Financial Services Commission (FSC) is crafting a comprehensive roadmap aimed at launching spot exchange-traded funds (ETFs) for digital assets. This initiative isn’t merely a compliance update; it’s a pivotal moment for the finance sector in a country that oscillates between embracing
In an age where digital currencies are seen as both a revolution and an enigma, the recent cyberattack on the Iranian crypto exchange Nobitex stands as a glaring example of the vulnerabilities that plague this promising technology. Reports confirm that a politically motivated hacking group, linked to Israel and self-styled as Gonjeshke Darande—“Predatory Sparrow”—managed to
In recent years, we have witnessed an alarming trend within regulatory agencies in the United States, and the case of Gemini versus the Commodity Futures Trading Commission (CFTC) epitomizes this issue. Gemini, a well-respected cryptocurrency exchange co-founded by Tyler Winklevoss, has filed a formal complaint alleging that the CFTC’s Division of Enforcement (DOE) has embarked
In a bold move that signifies a crucial evolution in the intersection of traditional finance and cryptocurrency, Coinbase has introduced Bitcoin-backed credit cards and announced compliance with CFTC regulations for perpetual futures aimed at American consumers. This announcement, made at the annual State of Crypto Summit, has been dismissed by some analysts as simply a
In the volatile and often unpredictable landscape of cryptocurrency, the recent dismissal of BiT Global’s lawsuit against Coinbase serves as a cautionary tale about the centralization vs. decentralization debate. At its core, the lawsuit was emblematic of the struggle between traditional financial systems elbowing their way into a frontier prized for its innovation and decentralized