Crypto.com recently announced a significant milestone by officially launching its crypto asset services across all countries within the European Economic Area (EEA). This development was shared via a post on February 12, highlighting the exchange’s commitment to enhancing its presence in the crucial European market. With the recent acquisition of a full Markets in Crypto-Assets
Exchanges
The legal landscape surrounding cryptocurrency regulation in the United States took an intriguing turn as the US Securities and Exchange Commission (SEC) and crypto exchange Binance filed a joint request to suspend their lawsuit for 60 days. This development, revealed in a filing dated February 10, signifies a changing dynamic between regulators and the platforms
The cryptocurrency exchange Gemini is reportedly contemplating an initial public offering (IPO) that could occur within this year, according to insights from Bloomberg News. While specific details remain under wraps, the Winklevoss twins, Cameron and Tyler, who established Gemini, are evaluating potential advisers for this significant move into the public market. The exact timing and
The landscape of cryptocurrency exchanges has become increasingly treacherous, with WazirX emerging as a notable case study in resilience and recovery mechanisms. Following a catastrophic hacking incident that resulted in the loss of over $230 million, WazirX now finds itself at a pivotal juncture. Creditors must make a significant decision soon: either accept a proposed
The cryptocurrency sphere has been rocked by dramatic shifts and high-stakes developments over the past year, particularly spotlighted by the fallout from the FTX exchange collapse. On February 18, 2024, FTX is set to initiate a distribution of funds to its smaller creditors, an action that signals important milestones in its ongoing bankruptcy proceedings. This
Recent investigations led by on-chain expert ZachXBT have unveiled staggering statistics regarding the financial losses experienced by Coinbase users, amounting to over $300 million annually due to social engineering scams. This startling figure gains gravity when viewed through the lens of user testimonials flooding social media, where numerous Coinbase patrons describe sudden account restrictions—compounding concerns
In a significant move that underscores its commitment to regulatory compliance and market expansion, Kraken has secured a Markets in Financial Instruments Directive (MiFID) license within the European Union. This acquisition, reported on February 3, comes as part of a strategic initiative to enhance its derivatives offerings across the continent. By purchasing a Cypriot investment
Recent statements from Bybit’s CEO, Ben Zhou, have sparked a controversy regarding the accuracy of reported liquidation numbers in the cryptocurrency market. While mainstream reports suggested that today’s liquidations stood at a modest $2 billion, Zhou challenged this assertion, proposing a far more alarming estimate of between $8 billion and $10 billion. His remarks were
In a significant turn of events, Kraken, a leading cryptocurrency exchange, demonstrated an extraordinary performance in 2024, achieving a staggering $1.5 billion in revenue. This marks a spectacular 128% increase compared to the previous year, showcasing not only resilience but a strategic overhaul that has proven fruitful. The exchange’s latest financial report sheds light on
In a significant development for the cryptocurrency industry, Kraken has announced the launch of a new on-chain staking product aimed at US clients. This initiative marks an important return to staking services across select states following a period of intense regulatory scrutiny. According to an announcement made on January 30, users across 37 states, along