The world of cryptocurrency has always been characterized by volatility and rapid changes, none more so than during the tumultuous events surrounding the downfall of FTX, once a leading exchange in the crypto space. As the saga unfolds, one notable development emerges on February 18: FTX is preparing to distribute funds to small creditors as
Exchanges
In the rapidly evolving world of cryptocurrency, security remains a paramount concern. While exchanges strive to provide seamless user experiences, many have found themselves struggling to protect their customers from an increasing number of social engineering scams. A recent investigation by on-chain investigator ZachXBT garnered attention when it revealed that Coinbase, one of the largest
The cryptocurrency exchange Kraken has recently made significant strides by securing a Markets in Financial Instruments Directive (MiFID) license, a move that solidifies its position within the European financial landscape. Announced on February 3, this development stems from Kraken’s acquisition of a Cypriot investment firm, a transaction that has received the green light from the
The cryptocurrency market often operates within a realm shrouded in volatility and unpredictability. Recent remarks from Bybit CEO Ben Zhou have cast a spotlight on the discrepancies associated with reported liquidation figures in the crypto space. Zhou’s assertion that the total liquidations might hover between $8 billion and $10 billion stands in stark contrast to
In a stunning display of financial prowess, Kraken has reported a revenue jump to $1.5 billion in 2024, marking an impressive 128% increase from its previous year’s earnings. This remarkable performance underscores the exchange’s ability to navigate the turbulent waters of the cryptocurrency market effectively. With over $42.8 billion in customer assets locked in its
Kraken, a prominent cryptocurrency exchange, has made a significant comeback by launching a new onchain staking service tailored for its US clients. This development follows a period of regulatory setbacks that forced the platform to pause staking services. As detailed in their announcement on January 30, users located in 37 states along with two territories
In a striking move, Gemini, one of the leading cryptocurrency exchanges in the United States, has announced it will no longer hire graduates or interns from the Massachusetts Institute of Technology (MIT). This decision stems from the university’s recent re-engagement with Gary Gensler, the former chair of the U.S. Securities and Exchange Commission (SEC). This
The cryptocurrency exchange landscape has undergone significant changes as we head into 2024. A recently released report by CCData highlights the increasing competition among centralized exchanges, with Crypto.com expanding its foothold while established players like Binance and OKX experience a downturn. This shift not only reflects changing user preferences but also the broader market dynamics
The cryptocurrency landscape is changing rapidly, particularly in response to new regulations mandating more stringent compliance standards. A significant development occurred when Crypto.com announced its intention to delist Tether’s USDT stablecoin and nine other tokens by the end of January 2024. This strategic decision marks an important shift in the exchange’s operations as it seeks
In a significant development for the cryptocurrency landscape in South America, Coinbase has officially secured the green light to introduce its services in Argentina. The company has achieved this milestone by being registered as a Virtual Asset Service Provider (VASP) with the National Securities Commission (CNV) of Argentina, as announced on January 28. This approval
