In an era where volatility often overshadows potential, Crypto.com has emerged as a beacon of financial resilience, posting an astounding $1.5 billion in revenue for 2024. This impressive feat was propelled by the robust activity of its 140 million users, a figure that emphasizes the platform’s deep user engagement. CEO Kris Marszalek attributes this staggering
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In a striking turn of events, the Cronos community voted to reintroduce a staggering 70 billion CRO tokens that were previously burned back in 2021. This decision, passed with 62.18% approval, is a testament to the alarming influence of Crypto.com over the platform. By restoring the total availability of CRO tokens to 100 billion, the
The recent decision by OKX to temporarily suspend its Web3 decentralized exchange (DEX) aggregator demonstrates just how precarious the landscape of cryptocurrency can be. Regulated entities like HOKX are understandably pressured to comply with scrutiny from regulators across Europe, especially when serious allegations such as laundering funds for hacker groups like North Korea’s Lazarus Group
Vermont’s decision to retract its legal action against Coinbase represents a pivotal moment in the burgeoning cryptocurrency landscape. By stepping back, Vermont acknowledges the pressing need for regulatory clarity in a space that has been shrouded in ambiguity for far too long. The state’s move aligns with the actions of the US Securities and Exchange
In an era where cryptocurrency is still trying to find its footing among traditional financial institutions, Changpeng Zhao, the controversial figure behind the Binance empire, finds himself once again at the center of a media storm. Recently, the Wall Street Journal (WSJ) published an article that suggested Zhao was in discussions with the family of
The recent arrest of Aleksej Besciokov, co-founder of the cryptocurrency exchange Garantex, illustrates a growing resolve among global authorities to clamp down on illicit financial activities linked to cryptocurrencies. This Lithuanian national, apprehended while vacationing in beautiful Varkala, Kerala, is accused of laundering vast sums, possibly reaching billions, through his unlicensed platform. After a raft
In an era where the integration of cryptocurrency into mainstream finance is almost inevitable, Kraken’s recent acquisition of Electronic Money Institution (EMI) authorization from the UK Financial Conduct Authority (FCA) is a significant step. This move not only demonstrates the company’s resilience against the backdrop of regulatory scrutiny but also aligns perfectly with the growing
Kraken, the once beleaguered cryptocurrency exchange operating as Payward Inc., is gearing up for a transformational initial public offering (IPO) slated for early 2026. This isn’t just a financial maneuver; it’s a significant marker of changing tides in the regulatory landscape, particularly as we witness a shift toward more favorable policies under President Donald Trump.
In a striking display of international law enforcement collaboration, the recent takedown of Garantex—a Russia-linked cryptocurrency exchange—should serve as a wake-up call about the rampant use of digital currencies in illegal activities. Described by the U.S. Justice Department as a “haven for criminals,” Garantex allegedly facilitated the laundering of billions of dollars associated with everything
Former FTX CEO Sam Bankman-Fried’s recent interview with Tucker Carlson sheds light on a world filled with contradictions that are anything but surprising. Bankman-Fried, who navigated the crypto landscape with what many would describe as unbridled ambition, still claims innocence, stating that he does not view himself as a criminal despite the extensive legal scrutiny
