Brian Armstrong, CEO of Coinbase, recently revealed that the exchange is steadily purchasing Bitcoin on a weekly basis. At first glance, this move might seem like a positive display of confidence or forward-thinking corporate strategy, but upon deeper reflection, it signals a troubling shift with potential long-term consequences—not just for Coinbase, but for the broader
In an era where convenience is paramount, Kraken has taken a bold step with the launch of its new mobile payment app, Krak. This isn’t just another financial tool; it aims to disrupt a market currently dominated by giants like PayPal, Venmo, and Cash App. Kraken’s ambition to support over 300 currencies and facilitate transactions
As of 2023, Bitcoin has emerged once again from the depths of skepticism, trading at a thrilling range between $100,000 and $110,000. Just recently, the world’s leading cryptocurrency reached an intraday high of around $108,116, reflecting a resilient market sentiment despite temporary dips beneath the psychologically significant $99,000 mark. What many fail to recognize is
The Doodles NFT collection, once a promising titan of the digital collectibles realm, now finds itself languishing with a floor price that has plummeted beneath 1 ETH. This stark decline from a lofty 4 ETH since December 2024 raises questions about the viability and future of the brand. Despite its initial success, the NFT landscape
Kraken recently made headlines by being the first major global cryptocurrency exchange to obtain a comprehensive Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland. This moment marks a significant shift in how digital assets will be regulated in Europe. By securing this critical license, Kraken can now offer its services across all
In the volatile landscape of cryptocurrency trading, few moments spark as much intrigue as Bitcoin’s ongoing struggles at the critical $108,000 resistance level. Over the past 48 hours, Bitcoin has valiantly attempted to breach this psychological barrier, signaling bulls’ collective fervor in pushing prices higher. However, this excitement is met with staunch resistance from sellers
In the ever-evolving landscape of decentralized finance (DeFi), the recent hack of the Resupply protocol serves as a formidable wake-up call. With a staggering $9.5 million stolen due to a sophisticated exploit, it raises urgent questions about security practices within the industry. Backed by established names such as Convex Finance and Yearn Finance, Resupply’s vulnerability
The recent announcement by Coinbase, launching cbADA—a wrapped version of Cardano (ADA) on the Ethereum layer 2 network, Base—has sent ripples through the cryptocurrency community. The importance of this launch cannot be overstated. By allowing ADA holders to engage in lending, borrowing, and providing liquidity on widely used decentralized finance platforms like Uniswap and PancakeSwap,
Ethereum, once glorified as the pioneering force behind the decentralized economy, is now witnessing a mixed bag of fortunes. After plummeting to a worrying low of $2,177, the cryptocurrency has managed to pull itself back to around $2,412. While this recovery might seem promising, a closer inspection of the numbers reveals that Ethereum is trailing
The crypto world, particularly the realm of Bitcoin, is in a state of profound metamorphosis. Recent analytics reveal a startling decline in Bitcoin inflows to Binance, now averaging a mere 5,700 BTC per month – a staggering drop from the 12,000 BTC average witnessed since the onset of 2020. This shift is not just a