The deal is designed to accelerate Kraken’s multi-asset-class ambitions — including plans for equities trading and payments.
A portion of the funds (193 BTC or $16 million) passed through the Wasabi mixer before reaching various peer-to-peer vendors.
Crypto.com recorded a staggering $1.5 billion in revenue during 2024, with CEO Kris Marszalek attributing the growth to strong trading activity from its 140 million users. The exchange’s operational efficiency helped generate approximately $1 billion in gross profit after covering salaries and other expenses. Amid the impressive revenue figures, Crypto.com invested heavily in expanding its […]
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The new exchange, Grinex, reportedly shares similarities to Garantex, which was shuttered earlier this month by international authorities.
Bitnomial says it decided to dismiss its case against the SEC over what it called "inappropriate" jurisdiction over its XRP futures product.
The announcement follows recent raises by Utila, Crossmint and Reown as investment in crypto wallet infrastructure gains pace.
Coinbase has launched Verified Pools, a Know-Your-Customer (KYC)-verified liquidity pool designed to enhance DeFi adoption while reducing counterparty risks. This new initiative provides institutional and retail traders with compliant access to on-chain liquidity. Coinbase CEO Brian Armstrong highlighted that some digital assets require specific regulatory approvals under US law. He noted that Verified Pools will […]
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Institutional investors are increasingly bullish on cryptocurrency, with 83% planning to expand their allocations this year, according to a new survey conducted by Coinbase and EY-Parthenon. The research, which polled 352 institutional decision-makers in January, found growing confidence in digital assets as regulatory clarity improves and broader use cases emerge. A majority (59%) of respondents […]
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Coinbase's Verified Pools are available to users in the United States, Singapore, Netherlands, British Virgin Islands, Cayman Islands, and Channel Islands.
The platform, utilizing Ethereum’s blockchain, aims to streamline transactions for tokenized financial instruments and enhance capital market efficiency.
The Cronos community has approved a controversial decision to restore 70 billion CRO tokens permanently burned in 2021. The proposal, largely influenced by Crypto.com, passed after securing 62.18% of votes, according to Mintscan. This move increases the total CRO supply back to 100 billion. The proposal, introduced earlier this month, aimed to establish a Cronos […]
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While some have suggested the crypto market has already peaked, Bernstein argues the current cycle is still in its early stages.
A few large validators closely associated with Crypto.com appeared to have influenced an affirmative outcome during the vote.
Gemini is bringing on a new CFO to its ranks as the crypto exchange is expected to take on changes under the new Trump administration.
Robinhood has launched a prediction markets hub within its app via Robinhood Derivatives, the firm's futures-focused subsidiary.
OKX has temporarily suspended its Web3 decentralized exchange (DEX) aggregator following discussions with European regulators. The exchange announced this decision on March 17, stating that the move is part of efforts to enhance security measures and prevent misuse of its platform. Bybit hack connection The suspension comes as European authorities investigate allegations that hackers linked […]
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OKX halted its DeFi services used by hackers to launder some of the proceeds from the $1.5 billion Bybit hack.
Vermont has officially withdrawn its legal action against Coinbase, which accused the crypto exchange of offering unregistered securities through its staking program. In a court filing on March 13, Vermont’s Department of Financial Regulation stated that the decision aligns with a similar move by the US Securities and Exchange Commission (SEC). The regulator acknowledged that […]
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The ruling came despite FTX's argument that the motion to amend claims was untimely and would disrupt its reorganization plan.
Changpeng Zhao has dismissed a Wall Street Journal (WSJ) report suggesting he is discussing an investment deal with the family of US President Donald Trump in Binance.US, the American division of the global Binance crypto exchange. On March 13, Zhao took to X to refute the claims, calling the article an attempt to undermine both […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Echo allows individual crypto traders to band together and invest collectively in web3 projects, attempting to solve a fragmentation issue for crypto angel investment.
Representatives for the Trump family reportedly held talks with Binance to take a stake in the crypto exchange giant's U.S. arm.
Bitcoin (BTC) whales on Binance appear to be reducing their selling pressure, but the potential for increased BTC sales from miners could introduce new downward pressure on the market. According to CryptoQuant’s community analyst Darkfost, whale activity on Binance, which handles some of the largest Bitcoin trading volumes, is showing signs of decline. The exchange […]
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Indian authorities confirmed the arrest of Garantex co-founder Aleksej Besciokov, a Lithuanian national wanted by the US for allegedly laundering billions through the crypto exchange. Police apprehended Besciokov in Kerala’s coastal town of Varkala while he was vacationing with his family. Besciokov is accused of operating an unlicensed money-transmitting business and conspiring to commit money laundering. […]
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Binance, the world’s largest crypto exchange, secured its first institutional investment with a $2 billion backing from Abu Dhabi-based investment giant MGX. The deal, announced on March 12, marks the largest investment ever received by a crypto company and the most significant transaction conducted entirely in stablecoins. Strategic growth The investment grants MGX a minority […]
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Besciokov purportedly served as principal technical administrator of the sanctioned crypto exchange Garantex from 2019 to 2025.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The financing MGX's first investment into a crypto and blockchain firm, with MGX also acquiring a minority stake in Binance.
OKX has denied claims that European regulators are examining its Web3 service for allegedly allowing Bybit hackers to launder $100 million in stolen funds. A recent Bloomberg News report claimed that authorities are analyzing potential violations of the Markets in Crypto-Assets (MiCA) regulation by OKX and are debating whether to impose penalties, including revoking the exchange’s […]
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