In 2024, Crypto.com has set the stage for a new era in cryptocurrency trading by achieving a staggering $1.5 billion in revenue. This remarkable growth primarily stems from the unprecedented trading activities of its 140 million strong user base. The figure doesn’t merely highlight the potential of the crypto industry; it suggests a seismic shift
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The recent vote to unburn 70 billion CRO tokens has unleashed a wave of controversy within the Cronos community. This redevelopment of the tokenomics strategy, backed heavily by Crypto.com, ostensibly aims to foster growth and innovation—particularly with AI applications. However, upon scrutinizing the decision, one has to question the integrity and motivation behind it. This
The recent decision by OKX to suspend its Web3 decentralized exchange (DEX) aggregator serves as a stark reminder of the darker undercurrents threatening the cryptocurrency market today. This isn’t just about one exchange grappling with regulatory challenges; it’s indicative of a broader struggle within an industry desperately seeking legitimacy while simultaneously fighting against the shadows
In a significant turn of events, Vermont has officially withdrawn its legal action against Coinbase, the prominent cryptocurrency exchange. The state had initially accused the platform of promoting unregistered securities through its staking program. This decision, articulated in a court filing, underscores a broader trend among states in the U.S. and hints at a shifting
In an era when political allegiances intertwine with market behaviors, the recent outcry concerning Changpeng Zhao (CZ) and his alleged dealings with the Trump family over Binance.US stands as a glaring case study. Zhao’s emphatic dismissal of The Wall Street Journal (WSJ) claim epitomizes the escalating tension between crypto entrepreneurs and mainstream media. He underscored
The arrest of Aleksej Besciokov, co-founder of Garantex, shines a glaring light on the darker side of the booming cryptocurrency sector. This Lithuanian national, now detained in India, is alleged to have played a pivotal role in laundering billions of dollars through Garantex, a platform recently accused of facilitating a myriad of illicit transactions, from
Kraken’s recent authorization as an Electronic Money Institution (EMI) by the UK Financial Conduct Authority (FCA) signifies more than just a regulatory milestone; it indicates a pivotal shift in the crypto landscape of the United Kingdom. This decision by the FCA allows Kraken, operating under the name Payward Ltd, to issue electronic money, thereby streamlining
Kraken’s impending initial public offering (IPO) is a resounding endorsement of a shifting regulatory landscape, promising a fresh start for the cryptocurrency market. As we prepare for what could be an explosive 2026, the company’s decision to pursue a public listing aligns perfectly with the pivot toward a more accommodating regulatory framework under President Donald
The world of cryptocurrency, often lauded for its potential to democratize finance and create new avenues of wealth, is also a breeding ground for illicit activities. The recent disruption of Garantex—a notorious Russia-linked crypto exchange accused of laundering a staggering $96 billion—highlights a grim reality overshadowed by the technological promise of blockchain. While Garantex purportedly
In a recent episode of Tucker Carlson’s podcast, former FTX CEO Sam Bankman-Fried (SBF) emerged from the shadows of legal woes to express his unyielding conviction that he is not a criminal. His comments, infused with a mix of naivety and audacity, paint a portrait of a man who, while behind bars, perceives himself as
