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
Exchanges
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
The staggering hack that resulted in the loss of $1.5 billion worth of Ethereum (ETH) from Bybit serves as a striking reminder of the precarious nature of cybersecurity in the increasingly digital financial world. The preliminary report released by Safe pinpoints the root cause of this anomaly to a compromised developer laptop, casting doubt on
The recent $1.4 billion security breach at Bybit is a stark reminder of the volatile and precarious nature of cryptocurrency exchanges. According to CEO Ben Zhou, approximately $1.07 billion of the stolen assets remains traceable, with $280 million already laundered by hackers. A significant portion of these missing funds—around 499,000 ETH—confirms what many skeptics have
In the captivating world of blockchain, the proposed restoration of 70 billion CRO tokens by Cronos is igniting a firestorm of dissent among the community. A shocking 87% of early voters, as reported by Mintscan, have unequivocally dismissed the plan. This overwhelming rejection highlights a fundamental rift between the ambitions of Cronos developers and the
On March 17, the CME Group announced its intention to launch futures contracts for Solana (SOL), pending regulatory clearance. This strategic move underscores the increasing demand among clients for sophisticated financial tools in the cryptocurrency market. The futures contracts will be offered in two different sizes, with a 25 SOL micro-contract option for smaller trades
In a significant move that underscores the tensions between cryptocurrency exchanges and regulatory bodies, Dunamu, the parent company of Upbit—the largest cryptocurrency exchange in South Korea—has initiated legal proceedings against the Financial Intelligence Unit (FIU). This lawsuit stems from the FIU’s suspension of certain business operations due to alleged regulatory non-compliance related to customer due
The cryptocurrency landscape has found itself increasingly under the microscope of regulatory bodies, most notably the U.S. Securities and Exchange Commission (SEC). Recently, Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, publicly criticized the SEC’s handling of its investigations into crypto firms, following the news that the agency had dropped its inquiry into Gemini without
