Bybit’s recent announcement regarding the discontinuation of its Web3 products and services by the end of May marks a pivotal moment for the cryptocurrency exchange. Ostensibly, this move is couched in the language of progress and innovation, yet it raises significant concerns for users who have relied on these services. The decision to phase out
Exchanges
It is astounding that a mere 15-minute outage during the early hours of April 15 can send shockwaves through the entire crypto ecosystem. The recent Amazon Web Services (AWS) disruption not only affected Binance—one of the largest cryptocurrency exchanges in the world—but also paralyzed multiple platforms like KuCoin and Rabby. This incident is not merely
On April 13, the crypto world was thrust into disarray as the OM token, a once-celebrated asset of the Mantra blockchain, experienced a jaw-dropping collapse. From a value of approximately $6.30, OM plummeted to a meager $0.50 in a single day, resulting in an astronomical loss of more than $5 billion from its market capitalization.
In a contentious showdown that highlights the strained relationship between cryptocurrency firms and regulatory bodies, Coinbase has boldly challenged the Federal Deposit Insurance Corporation (FDIC) over its attempts to delay vital disclosures regarding the debanking of digital asset companies. This confrontation is not merely about timelines; it represents a critical juncture in the ongoing struggle
In a rapidly evolving financial landscape, the rigidity of South Korea’s current crypto policy is becoming increasingly untenable. Major South Korean banks are advocating for amendments that would allow multiple banking partners for individual crypto exchanges, a shift that could significantly enhance consumer choice and invigorate competition. This plea echoes a broader sentiment: the existing
In a landscape fraught with volatility and uncertainty, the listing of SUN (SUN) on Kraken might just be the spark that ignites a new chapter for decentralized finance (DeFi). The cryptocurrency market has seen numerous players vying for attention, yet the introduction of SUN tokens into one of the world’s most reputable exchanges represents more
In a move that signals an evolution in the management of digital assets, BlackRock has augmented the custodial framework of its iShares Bitcoin Trust (IBIT) by integrating Anchorage Digital Bank N.A. as an additional custodian. This decision, as revealed in a Form 8-K filing on April 7, 2025, marks a critical juncture for both BlackRock
The recent adjournment of the tax evasion case against Binance in Nigeria, which sees the government demanding an astronomical $81.5 billion in taxes and damages, underscores a looming crisis at the intersection of technology and regulation. In a rapidly digitalizing world, nations are grappling with how to apply traditional tax laws to companies that operate
Coinbase Derivatives has recently ignited excitement in the crypto landscape with its submission to the U.S. Commodity Futures Trading Commission (CFTC) for an XRP futures contract. This bold step signifies more than mere expansion of product offerings; it symbolizes a potential turning point for institutional involvement in cryptocurrency. If given approval, trading could commence as
In a move that reverberates through the cryptocurrency sphere, Kraken has recently added JUST (JST) to its platform, solidifying its status as a reputable exchange. While some may view this as a mere addition to the platform’s repertoire, it symbolizes much more than that—it highlights the serious potential that the decentralized finance (DeFi) landscape holds.
Bybit’s recent announcement to shutter its NFT Marketplace highlights a grim reality for the digital collectibles sector: a decline that many might view as a catastrophic end to a once-hyped phenomenon. The motivations behind Bybit’s decision stem from a stark reduction in demand, which has been evident for quite some time. While the NFT market
When it comes to the world of cryptocurrency, few names resonate as powerfully as BitMEX. Founded in 2014 by Arthur Hayes, Benjamin Delo, and Samuel Reed, the exchange quickly grew into a juggernaut within the digital trading landscape. However, beneath its rampant success lay a host of legal troubles that have since come to symbolize
Centralized exchanges (CEXs) have established themselves as the titan of the cryptocurrency trading realm, with platforms like Binance and Coinbase leading the charge. Binance alone boasts an eye-popping $17 billion in daily trading volume; a staggering figure that dwarfs its competition. This numerical supremacy paints a clear picture: CEXs dominate the market, offering liquidity and
In an audacious move that could either elevate or undermine its status in the fast-evolving cryptocurrency market, Kraken is reportedly aiming to secure up to $1 billion in debt as it gears up for a potential initial public offering (IPO). The financial upheaval that has characterized the crypto landscape over the last couple of years
The cryptocurrency landscape has become a digital gold rush—and like any gold rush, it is accompanied by overwhelming risks and dangers. With each passing year, billions are lost to security breaches, hacks, and systemic failures. In 2024, as the dust settles from a remarkable surge in digital currency adoption, stark truths emerge: institutional failures and
In an age where digital ownership is rapidly transforming notions of art and value, the listing of APENFT (NFT) on Kraken isn’t just another run-of-the-mill event in the cryptocurrency realm; it’s a bold proclamation of intent. As the NFT market continues to evolve, APENFT has emerged as a formidable player, leveraging TRON’s blockchain capabilities to
As the world evolves, so does technology—and at the forefront of this technological revolution is blockchain. The concept of decentralization is no longer just an ideal; it’s a necessary evolution. Blockchain networks have grown exponentially, making decentralization more accessible than ever. TRON DAO, a community-oriented decentralized autonomous organization, exemplifies this commitment by pushing the boundaries
In an astonishing display of financial prowess, Crypto.com has reported a jaw-dropping revenue of $1.5 billion for 2024. With a user base soaring to 140 million, this platform has proven capable of harnessing the potential of a growing crypto marketplace effectively. CEO Kris Marszalek reflects a deliberate approach to operational efficiency, highlighting a gross profit
The Cronos community made headlines recently with a contentious vote to reinstate 70 billion CRO tokens that had been permanently burned in 2021. This unexpected decision, which passed with a narrow 62.18% of votes, effectively undid a significant economic measure aimed at controlling the token supply, elevating the total CRO availability back to a staggering
The unexpected suspension of OKX’s decentralized exchange (DEX) aggregator has sent shockwaves through the cryptocurrency community. Announced on March 17, this move seems to pivot on the complex relationship between cutting-edge finance and regulatory scrutiny. It is purportedly aimed at fortifying security measures in light of severe allegations linking the platform to illicit activities, specifically
In a surprising turn of events, Vermont has taken the extraordinary step of withdrawing its legal action against Coinbase, the prominent cryptocurrency exchange. This case raised significant questions about the regulatory framework surrounding cryptocurrency, particularly the staking services offered by Coinbase. Many hailed this withdrawal as not just a tactical move, but a critical acknowledgment
In a digital landscape teeming with speculation and intrigue, Changpeng Zhao—the enigmatic founder of Binance—recently found himself in the eye of a media storm stirred up by a Wall Street Journal report. Allegations surfaced that Zhao was engaged in discussions regarding an investment deal with the family of former President Donald Trump in the American
The arrest of Aleksej Besciokov, co-founder of the cryptocurrency exchange Garantex, in India underscores the murky depths of crypto-related crimes. This case sends shockwaves throughout the digital financial realm, shedding light on the unsettling truth that even the most flashy and modern technologies can be cloaked in criminal activity. Besciokov, wanted by U.S. authorities for
The recent approval of Kraken as an Electronic Money Institution (EMI) by the UK Financial Conduct Authority (FCA) marks a watershed moment for not only the exchange but also the cryptocurrency industry at large in the UK. Trading under the name Payward Ltd, Kraken has successfully navigated regulatory waters that many consider treacherous. The approval
The world of cryptocurrency has been a turbulent ocean of volatility, uncertainty, and regulatory scrutiny. Amid this tumult, Kraken, a leading crypto exchange, has weathered the storm and is set to embark on an initial public offering (IPO) in early 2026. What’s remarkable is how the company has strategically pivoted in response to shifting regulatory
In a powerful maneuver that highlights the increasing concern among law enforcement agencies about the intersection of cryptocurrency and organized crime, a coordinated operation led by U.S. authorities, in collaboration with German and Finnish counterparts, has disrupted Garantex, a Russia-affiliated crypto exchange notorious for facilitating financial chaos. The Justice Department announced that this high-profile operation
In a revealing conversation on Tucker Carlson’s podcast, former FTX CEO Sam Bankman-Fried attempted to portray himself as a misunderstood innovator rather than a perpetrator of profound financial crimes. His insistence that he does not see himself as a criminal raises an interesting question about the nature of accountability in the world of cryptocurrency. Is