In 2024, Kraken, the cryptocurrency exchange platform, has reported a notable uptick in data requests from law enforcement and regulatory bodies, marking a pivotal moment in the relationship between cryptocurrency platforms and government agencies. The recent transparency report from Kraken indicates a staggering 6,826 requests—a 38.6% increase compared to the preceding year. This trend not
Exchanges
In a stark reminder of the ethical dilemmas within the cryptocurrency world, Coinbase CEO Brian Armstrong has issued a clarion call against the rising tide of insider trading associated with memecoins. This phenomenon, though emblematic of the larger crypto landscape’s volatility and speculative tendencies, raises serious legal and moral questions. Armstrong’s February 19 post on
In a pivotal moment for cryptocurrency exchanges, Binance.US has reinstated USD deposits and withdrawals for its customers, a decision that signifies a transformative shift after months of solely operating in cryptocurrency. This announcement, made on February 19, heralds an era where US patrons can once again transact using the US dollar seamlessly. The exchange is
In a striking development, Nigeria’s Federal Inland Revenue Service (FIRS) has initiated legal proceedings against Binance Holdings Limited, demanding an unprecedented amount exceeding $81 billion in unpaid taxes and associated penalties. This figure has sent shockwaves through the cryptocurrency community, marking a significant escalation in regulatory efforts against crypto firms operating in the African nation.
As cryptocurrency gains traction globally, it has inadvertently also attracted a concerning spike in fraudulent activities. Among these nefarious schemes is a manipulation tactic that has come to be known as “share-seed-phrase.” Recently, the CEO of Binance, Richard Teng, took to social media to raise awareness about this alarming trend, which exploits the trust and
In the ever-evolving landscape of cryptocurrency trading, XRP has recently emerged as a frontrunner, outpacing other digital assets on US exchanges. A recent report from Kaiko reveals remarkable increases in XRP trading volumes since November, particularly after its re-listing on several major platforms following a significant legal victory for its parent company, Ripple Labs. This
The crypto landscape is often rife with speculation, and Binance CEO Changpeng Zhao, commonly known as CZ, has found himself at the center of recent rumors regarding the potential sale of the cryptocurrency exchange. On February 17, he took to social media to explicitly deny allegations that Binance was in talks for a sale, labeling
In a significant development for the cryptocurrency exchange Bybit, CEO Ben Zhou recently announced that the platform has successfully emerged from the blacklisted status imposed by France’s financial regulator, the Autorité des Marchés Financiers (AMF). This milestone marks the culmination of over two years of diligent efforts aimed at rectifying compliance issues raised by the
Coinbase, one of the most prominent players in the cryptocurrency exchange market, ended 2024 on an impressive note, showcasing significant financial growth and a robust outlook for the future. The company reported a staggering $2.3 billion in revenue for the fourth quarter, well above the anticipated $1.87 billion. This remarkable performance highlights an 88% increase
In the aftermath of a tumultuous period for cryptocurrencies, Robinhood has experienced an unprecedented revival in trading volumes, particularly within the crypto sector. The brokerage reported an astronomical 400% increase in cryptocurrency trading volume in the fourth quarter, reaching an impressive $70 billion. This surge is largely attributed to a reinvigorated interest among retail investors,