In a significant legal standoff, a Nigerian court has postponed proceedings in a major tax evasion suit against Binance, the global cryptocurrency exchange, until April 30. The Federal Inland Revenue Service (FIRS) is making audacious claims against the company, seeking a staggering $2 billion in taxes owed and a further $79.5 billion in damages. This
Exchanges
Coinbase’s recent application to the U.S. Commodity Futures Trading Commission (CFTC) to introduce an XRP futures contract marks a watershed moment in the cryptocurrency landscape. If approved, trading could commence as early as April 21, 2025. This strategic move indicates the company’s intent to deepen its foothold in the cryptocurrency market by providing investors with
In the ever-evolving world of decentralized finance (DeFi), platforms like JUST (JST) are often lauded as beacons of innovation. However, the remarkable enthusiasm surrounding them often overshadows the potential dangers lurking beneath the surface. With Kraken’s recent listing of JST, coupled with an airdrop campaign worth $90,000, it’s essential to peel back the layers and
In a surprising yet not entirely shocking move, Bybit recently announced its decision to shut down its NFT Marketplace, along with its Inscription Marketplace and Initial DEX Offerings (IDO) product pages. This decision looks to “streamline offerings and enhance user experience,” but it reeks of a market struggling to maintain relevance. As one of the
In a move that left many political analysts scratching their heads, former President Donald Trump granted full pardons to the co-founders of the cryptocurrency exchange BitMEX on March 27. This decision cleared the names of Arthur Hayes, Benjamin Delo, and Samuel Reed, individuals who had previously admitted to breaching anti-money laundering laws and faced substantial
In recent years, the financial landscape has been dramatically reshaped by the advancement of cryptocurrency technology, with centralized exchanges (CEXs) like Binance and Coinbase reigning supreme. However, the emergence of decentralized exchanges (DEXs) has sparked a significant shift in the marketplace. With names like Uniswap leading the charge, DEXs have transformed the way trades are
In an audacious move that reveals both confidence and the inherent risks of the cryptocurrency market, Kraken is reportedly engaging in discussions to raise as much as $1 billion in debt. While the figure may dazzle average investors, it signifies a new frontier for the cryptocurrency exchange as it prepares for a potential initial public
Security in the cryptocurrency realm has become an increasingly pressing concern, and the statistics are hard to ignore. With an estimated $2.2 billion lost to theft in 2024 alone, alongside a sizable rise in hacking incidents—from 282 to 303 in just a year—the state of digital asset protection is alarming. If the fundamental adage that
In the dynamic world of digital assets, few tokens have emerged with as much promise and potential as APENFT (NFT). Launched in 2021 by the innovative APENFT Foundation, this token has carved a niche for itself within the blockchain realm, especially amid the burgeoning non-fungible token (NFT) market. With a market cap exceeding $430 million
In the ever-evolving landscape of blockchain technology, the introduction of PumpSwap marks a significant milestone. This innovative decentralized exchange (DEX) emerges from a strategic collaboration between TRON DAO and pump.fun, pushing the boundaries of what decentralized finance (DeFi) can achieve. It challenges traditional norms by simplifying the complexities involved in token creation and liquidity provision.
