The cryptocurrency trading landscape is evolving rapidly, and a recent CoinGecko report sheds illuminating light on these changes, particularly in trading volumes across centralized exchanges. The data from 2024 highlights significant fluctuations in market dynamics, evidencing a recovery from previous downturns but still reflecting a market ethos that diverges from the monumental highs reached in
Exchanges
In a notable move, the US Securities and Exchange Commission (SEC) and Binance recently submitted a request to suspend their ongoing lawsuit for a period of 60 days. This development, revealed through a filing dated February 10, highlights a strategic pause in legal proceedings due to the establishment of a new cryptocurrency task force under
In recent developments, Gemini, the prominent cryptocurrency exchange founded by the Winklevoss twins, is actively contemplating a potential initial public offering (IPO) later this year. Reports from Bloomberg News suggest that discussions are underway regarding this move, although a finalized decision has not yet emerged. As Gemini navigates a transformative landscape in the crypto market,
WazirX, once celebrated as India’s leading cryptocurrency exchange, now finds itself in the eye of a storm. Following a significant security breach linked to North Korean hackers in mid-2024, the exchange is grappling with a loss exceeding $230 million in user funds. This incident marked not only a financial setback for the platform but also
The FTX saga continues to evolve as the cryptocurrency exchange, once a titan in the digital asset realm, finds itself engulfed in bankruptcy proceedings. On February 18, 2024, a pivotal moment is anticipated as the enterprise will begin distributing funds to its smaller creditors. This development, while promising for those with lower claim amounts, unveils
Recent investigations into the practices of cryptocurrency exchanges have revealed a shocking statistic: Coinbase users are reportedly losing over $300 million each year due to social engineering scams. This insight, shared by on-chain investigator ZachXBT in collaboration with researcher Tanuki42, underscores a troubling vulnerability within one of the largest cryptocurrency platforms. Over recent months, numerous
Kraken, a well-known name in the cryptocurrency exchange landscape, has achieved a significant milestone by obtaining a Markets in Financial Instruments Directive (MiFID) license in the European Union. This vital regulatory approval paves the way for Kraken to enhance its derivatives offerings across key European markets. With this license firmly in hand, Kraken is positioning
Recent discussions surrounding liquidation figures in the cryptocurrency market have raised eyebrows, particularly following comments from Bybit’s CEO, Ben Zhou. Contrary to mainstream reports that indicated liquidations were merely $2 billion, Zhou contends that the reality may be much grimmer, estimating between $8 billion and $10 billion. This contradiction stems from Zhou’s reference to Bybit’s
In a stellar year for cryptocurrency exchanges, Kraken has recently revealed that its revenue for 2024 soared to an impressive $1.5 billion, marking a significant 128% increase compared to the previous year. This remarkable feat underscores Kraken’s ability to navigate the volatile crypto market while capitalizing on growing customer demand. The financial release highlights that
In a noteworthy development for the cryptocurrency landscape, Kraken has unveiled its new onchain staking product specifically designed for American users. This initiative marks an important re-entry into the staking arena following a challenging period characterized by regulatory challenges and scrutiny. As of January 30, Kraken’s updated offering allows clients across 37 states and two
