Kraken, a well-established player in the cryptocurrency exchange arena, has recently received authorization as an Electronic Money Institution (EMI) from the UK’s Financial Conduct Authority (FCA). This significant regulatory approval is much more than a badge of honor; it is a decisive step in Kraken’s strategy to solidify its footprint in the UK market. The
Exchanges
The cryptocurrency exchange Kraken, legally recognized as Payward Inc., is positioning itself for a high-stakes initial public offering (IPO) anticipated for early 2026. This pivot comes at a crucial time, following a tumultuous relationship with regulators, particularly during the Biden administration. The recent election of Donald Trump has ushered in an environment that is significantly
The recent dismantling of Garantex, a Russia-linked cryptocurrency exchange, marks a significant turning point in the global fight against cybercrime and illicit finance. U.S. and European law enforcement agencies have executed a serious crackdown on what they call a “haven for criminals,” a sentiment echoed by the DOJ’s announcement. The charges against key figures associated
The emergence of cryptocurrency was celebrated as a revolution against traditional financial systems, only to be marred by chaos and deceit. In a recent appearance on Tucker Carlson’s podcast, former FTX CEO Sam Bankman-Fried (SBF) projected an air of arrogance that is as unsettling as it is revealing. You would expect someone embroiled in one
In an era where digital security is often taken for granted by both individuals and organizations, the Bybit hack serves as a glaring reminder that vulnerabilities remain omnipresent. Safe, a well-known entity within the cryptocurrency landscape, faced its worst nightmare when a compromised developer laptop led to the monumental theft of approximately $1.5 billion worth
In a shocking revelation, Bybit CEO Ben Zhou recently announced that a staggering $1.07 billion, approximately 77% of the assets pilfered during a catastrophic $1.4 billion security breach, is still traceable. This figure paints a vivid picture not just of the magnitude of the heist but underscores a troubling reality in the world of cryptocurrency—the
In a surprising turn of events, the proposal to restore 70 billion CRO tokens burned in 2021 has met with overwhelming resistance from the Cronos community. Current voting statistics reflect that a staggering 87% of participants have rejected this initiative. This pushback highlights a significant fissure within the ecosystem, as community members grapple with the
On March 17, the CME Group announced its intentions to launch futures for Solana (SOL), pending regulatory approval. This move has been met with enthusiasm in the cryptocurrency community, reflecting a tangible shift in market dynamics. As centralized exchanges continue to expand their offerings, the introduction of Solana futures is a response to increasing demand
Dunamu Inc., the parent organization behind Upbit, South Korea’s foremost cryptocurrency exchange, has found itself at odds with the nation’s Financial Intelligence Unit (FIU). The conflict arose when Dunamu filed a lawsuit aimed at nullifying a suspension order imposed by the FIU. This legal skirmish highlights the intensifying scrutiny imposed by South Korean authorities on
In a recent public statement, Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, raised significant concerns regarding the regulatory practices of the U.S. Securities and Exchange Commission (SEC). Following the SEC’s decision to halt its investigation into Gemini without filing any charges, Winklevoss has taken the opportunity to advocate for not only compensation for the