Kraken, known legally as Payward Inc., is making headlines as it gears up for an initial public offering (IPO) slated for early 2026. What used to be a labyrinth of regulatory obstacles has seemingly transformed into a smoother path, thanks in large part to the regulatory climate ushered in by the Trump administration. This shift
Exchanges
Cryptocurrency has been heralded as a revolutionary force in financial systems around the globe, offering decentralization and transparency that traditional banking methods can’t match. However, the recent takedown of Garantex, a Russia-linked crypto exchange, starkly highlights its darker implications. The U.S. and European law enforcement agencies disrupted this platform, which has been implicated in laundering
In a recent appearance on Tucker Carlson’s podcast, former FTX CEO Sam Bankman-Fried (SBF) made waves by defiantly asserting that he does not consider himself a criminal. This proclamation, made against a backdrop of serious allegations and courtroom drama, raises significant questions about accountability within the cryptocurrency industry. SBF, who faces severe charges stemming from
The cyber world has witnessed numerous breaches, but the recent hack involving Bybit stands out not merely for its scale—a staggering $1.5 billion in stolen Ethereum—but for the heartbreaking vulnerabilities that catalyzed it. The preliminary report from Safe, published in early March, reveals a sordid tale of compromised security practices, misleading trust, and a system
The recent security breach at Bybit, one of the leading cryptocurrency exchanges, has revealed not only the vulnerabilities inherent in digital finance but also raised critical questions about the decentralization that the crypto community so heavily champions. The stunning $1.4 billion breach, of which $1.07 billion is still traceable, has spotlighted a split between the
In a decisive act of disapproval, the Cronos community has overwhelmingly rejected a controversial proposal seeking to revive 70 billion CRO tokens that were previously burned in 2021. Preliminary results indicate that 87% of voters on Mintscan firmly opposed this initiative, indicating a significant rift within the community. Such resounding rejection raises critical questions about
The financial landscape surrounding cryptocurrencies continues to evolve, and the recent announcement by CME Group regarding the launch of Solana (SOL) futures is a significant development. Slated for a potential rollout on March 17, pending regulatory approval, this initiative comes in response to an increasing demand from clients for more diversified cryptocurrency investment options. Citing
Dunamu Inc., the parent organization behind Upbit, South Korea’s leading cryptocurrency exchange, finds itself embroiled in a contentious legal battle with the Financial Intelligence Unit (FIU) of South Korea. The core issue revolves around a suspension order that aims to limit Upbit’s operational capabilities. This move comes as the South Korean government intensifies its focus
In a recent development that has drawn significant attention, Cameron Winklevoss, co-founder of Gemini, addressed the U.S. Securities and Exchange Commission (SEC) regarding its investigation into the cryptocurrency exchange. On February 26, Winklevoss revealed that the SEC had formally concluded its investigation without levying any charges against Gemini. This decision came almost two years after
In recent events that sent shockwaves through the crypto sphere, Bybit confirmed that the staggering $1.4 billion hack did not compromise its internal systems. Instead, the breach originated from a vulnerability in a developer machine utilized by Safe, a decentralized wallet solution. Forensic analyses conducted by Bybit along with blockchain security experts such as Sygnia
