In a groundbreaking achievement, Crypto.com has shattered expectations by reporting an incredible $1.5 billion in revenue for 2024. This financial upsurge cannot simply be chalked up to market trends; it is indicative of a strategic maneuvering that extends far beyond typical trading volume. The platform, boasting a user base that has ballooned to 140 million,
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In a decision deemed reckless by many, the Cronos community has voted to reinstate a staggering 70 billion CRO tokens, which were permanently burned back in 2021. The proposition, largely swayed by the influence of Crypto.com, was narrowly approved with a vote tally showing 62.18% in favor. This shocking turn of events not only restores
In a decision echoing across the crypto universe, OKX has shockingly suspended its Web3 decentralized exchange (DEX) aggregator. The announcement from March 17 sent ripples through the industry, not just because of the suspension itself but due to the implications it carries amidst rising concerns regarding security and regulatory scrutiny. This isn’t merely a knee-jerk
In an unexpected twist, Vermont has chosen to drop its legal challenge against Coinbase, the well-known cryptocurrency exchange. Initially, Vermont’s Department of Financial Regulation took a strong stance against the company’s staking program, alleging that it involved unregistered securities. This decision has significant implications, not only for the state but for the entire landscape of
In a striking maneuver of defiance, Changpeng Zhao, the face of Binance, has addressed a controversial report by the Wall Street Journal which insinuates a covert investment dialogue between him and Donald Trump’s family regarding Binance.US, the American sector of the Binance empire. The implications of this report are vast, echoing the uneasily intertwined realms
In a decisive strike against cryptocurrency-related criminal activities, Indian authorities apprehended Aleksej Besciokov, a co-founder of the notorious Garantex exchange. This Lithuanian national, now facing U.S. extradition, was arrested in Varkala, Kerala while enjoying a family vacation. The fact that he was capturing blissful moments with loved ones while allegedly orchestrating a money laundering scheme
In a bold stride that signals a significant shift in the digital finance realm, Kraken has been granted authorization as an Electronic Money Institution (EMI) by the UK Financial Conduct Authority (FCA). This milestone not only solidifies Kraken’s position as a frontrunner in the UK crypto market but marks an imperative step toward integrating digital
Kraken, the digital asset exchange officially known as Payward Inc., is making waves with its plan for an initial public offering (IPO) slated for early 2026. The timing could not be more critical as the shift in the political landscape, particularly the reversal of regulatory scrutiny under President Donald Trump, offers a prime opportunity for
The undercurrents of illicit finance often flow under the radar, and the recent disruption of Garantex, a Russia-linked cryptocurrency exchange, starkly illuminates this hidden world. Announced by the Justice Department, this high-stakes operation unravelled a systematic network of money laundering purportedly facilitating not merely individual crimes, but the very infrastructure supporting a myriad of global
In a recent podcast interview with Tucker Carlson, former FTX CEO Sam Bankman-Fried (SBF) unveiled a self-assured perspective that can only be described as bewildering. Even as he faces a myriad of charges following the dramatic collapse of his cryptocurrency empire, SBF dismisses the notion of being a criminal. His attitude raises serious questions about