In a striking juxtaposition to the regulatory chaos enveloping South Korea’s digital asset landscape, Dunamu, the parent company of the nation’s most prominent cryptocurrency exchange, UPbit, has recently unveiled its stellar financial performance for 2024. With an impressive 85.1% increase in operating profits, reaching 1.19 trillion won (approximately $682 million), it’s hard to overlook how
The recent announcement of NFTs minted on the Ronin blockchain becoming accessible through OpenSea marks a significant moment in the digital collectibles sphere. With a focus on lifting the barriers for creators, the introduction of OpenSea Studio—a user-friendly, no-code platform—signals an important step towards democratizing NFT creation. This integration not only empowers artists and creators
After a tumultuous stretch that saw Bitcoin (BTC) fall beneath the psychologically significant threshold of $87,000, bulls are reclaiming their territory with vigor. Recently, BTC skyrocketed past the $88,000 mark, igniting discussions surrounding the possibility of a meteoric rise toward $90,000. This surge comes on the heels of positive sentiment from both market analysts and
South Korea’s Financial Intelligence Unit (FIU) has recently blocked access to 17 foreign cryptocurrency exchange apps on Google Play. The decision came in light of these exchanges operating without proper registration, an action primarily aimed at mitigating financial crimes such as money laundering. Among the affected platforms are notable names such as KuCoin and Poloniex.
In a remarkable development that highlights the growing intersection of traditional finance and cryptocurrency, Brazilian neobank Nubank has taken a decisive step by incorporating four additional tokens into its ever-expanding portfolio. With the introduction of Cardano (ADA), NEAR Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO), Nubank now boasts a comprehensive suite of 20 cryptocurrency assets,
In an age where technology alternates between remarkable innovation and disheartening criminality, the world of cryptocurrencies finds itself embroiled in a disconcerting reality. The recent $50 million theft from Infini—a prominent player in the digital finance arena—has cast a glaring spotlight on both the vulnerabilities inherent in blockchain technology and the moral decay that plagues
In the kaleidoscopic world of cryptocurrency, Ethereum has often been seen as a beacon of resilience. While the crypto market has undergone seismic shifts, Ethereum has showcased a fighting spirit, with recent analyses hinting at a potential surge towards $18,000. This isn’t just pie-in-the-sky speculation; it’s derived from rigorous technical analysis, primarily the formation of
For years, the cryptocurrency trading landscape has been heavily dominated by centralized exchanges (CEXs) like Binance and Coinbase. With staggering trading volumes—Binance alone tallying around $17 billion daily—these platforms have become synonymous with crypto trading. Their ability to offer a curated environment for buying and selling digital assets effectively positions them as the go-to choice
The name Mt. Gox has become synonymous with the pitfalls of unregulated cryptocurrency trading. As the first major cryptocurrency exchange, its collapse in 2014 sent shockwaves throughout the industry. Now, once again, this notorious platform is back in the headlines, with recent reports revealing that it has transferred an astonishing sum of over $1 billion
Ethereum has once again positioned itself above the pivotal $2,000 threshold, a victory that many would deem crucial in the crypto realm, especially after a chaotic stretch marked by tremendous volatility. Despite overcoming various barriers, Ethereum’s prospects remain embroiled in uncertainty, teetering on the edge of either a robust comeback or a further descent into