South Korea’s current obsession with a restrictive one-bank-per-exchange policy is not just antiquated; it’s downright detrimental to both consumers and the financial sector. Introduced as a measure to mitigate money laundering risks, this policy has morphed into a straitjacket that restricts innovation and limits consumer choice. Executives from leading South Korean banks, including Woori Bank’s
Exchanges
The cryptocurrency market is notorious for its volatility and unpredictability, yet emerging tokens often reveal resilient growth trajectories in this tumultuous environment. The recent listing of SUN (SUN) on Kraken exemplifies this trend, serving as a harbinger of potentially significant changes in the market dynamic. By gaining access to one of the world’s premier trading
In the rapidly evolving world of cryptocurrency, BlackRock has taken a significant leap forward by expanding the custodial structure of its iShares Bitcoin Trust (IBIT). This strategic decision, formalized through a Master Custody Service Agreement with Anchorage Digital Bank N.A., showcases a robust and proactive approach that many could argue is necessary given the volatile
The recent adjournment of the tax evasion case against Binance has captured the attention of financial analysts and crypto enthusiasts alike. Nigeria’s Federal Inland Revenue Service (FIRS) is not merely knocking on Binance’s door; they are hammering it down with a staggering demand: $2 billion in back taxes and an eye-watering $79.5 billion in alleged
The cryptocurrency market is undergoing a seismic transformation, and the recent announcement from Coinbase Derivatives regarding their filing for XRP futures contracts with the US Commodity Futures Trading Commission (CFTC) is nothing short of a game-changer. If approved, this move could usher in a new era of accessibility and legitimacy for XRP, positioning it as
In recent years, Decentralized Finance (DeFi) has emerged not just as a trend but as a revolutionary shift in how we perceive traditional banking and finance. Amid this transformation, one token has caught the eye of seasoned investors: JUST (JST). Recently listed on Kraken, a leading cryptocurrency exchange, JST has solidified its presence within the
Once heralded as a revolutionary frontier for digital ownership, the NFT marketplace is facing an unprecedented and rapid decline. The recent announcement from Bybit to shut down its NFT Marketplace, Inscription Marketplace, and Initial DEX Offering (IDO) offerings sends a strong signal: the NFT bubble has burst, and the era of flashy digital collectibles is
On March 27, 2023, President Donald Trump extended full pardons to the co-founders of the infamous cryptocurrency exchange, BitMEX. This decision has sent shockwaves through the financial and regulatory sectors alike. Arthur Hayes, Benjamin Delo, and Samuel Reed each accepted culpability for fundamental violations of U.S. anti-money laundering laws, and yet they’ve been granted clemency
In the ever-evolving world of cryptocurrency, centralized exchanges (CEXs) have indisputably established themselves as the alpha players. With behemoths like Binance commanding around $17 billion in daily trading volume, they have set a challenging standard for others in the market. CEXs represent a sense of familiarity and stability amidst the chaos of the crypto landscape.
The cryptocurrency landscape continues to undergo seismic shifts, and Kraken is poised to emerge as a formidable player. Reports indicate that Kraken is gearing up to raise as much as $1 billion in debt in anticipation of a possible initial public offering (IPO). This bold financial strategy underscores the exchange’s ambition to enhance its competitive
