The cryptocurrency and NFT landscape has undergone a vast transformation over the past two years. Bybit’s announcement to shut down its NFT Marketplace, along with other services like the Inscription Marketplace and IDO product pages, serves as a powerful indicator of a far-reaching decline in interest and activity. This isn’t merely a platform issue; it’s
Exchanges
In an astonishing move that sends ripples through the financial world, former President Donald Trump granted full pardons to the co-founders of BitMEX on March 27. Arthur Hayes, Benjamin Delo, and Samuel Reed, who had faced serious charges for violations of anti-money laundering laws, have found a new lease on life following this controversial decision.
In the ever-evolving landscape of cryptocurrency trading, centralized exchanges (CEXs) like Binance and Coinbase continue to reign supreme. With staggering daily trading volumes, particularly Binance’s astronomical $17 billion, they maintain an almost monopolistic grip on the market. This dominance raises critical questions about the future of decentralized exchanges (DEXs), which, despite their emergence and growing
In a move that has caught the attention of the investment community, Kraken is reportedly contemplating raising up to a staggering $1 billion in debt. As per sources reported by Bloomberg News, this ambitious plan precedes what could be the company’s highly anticipated initial public offering (IPO). With powerhouses Goldman Sachs and JPMorgan at the
In an era aimed at democratizing finance, cryptocurrency has made strides that are both commendable and alarming. Unfortunately, one of the sector’s most significant hurdles remains its susceptibility to various security flaws. The shocking reality is that billions in cryptocurrency vanish each year due to an unsettling mix of hacks and vulnerabilities. The staggering Bybit
The recent listing of APENFT (NFT) on the Kraken exchange symbolizes a pivotal shift in the NFT marketplace. With APENFT now tradable against fiat currencies like USD and EUR, the barriers that once limited engagement with digital art collectibles are gradually disintegrating. This development is more than just a logistical achievement; it signifies a broader
In the ever-evolving landscape of finance, Decentralized Autonomous Organizations (DAOs) are emerging as a revolutionary force. Traditionally, financial systems have been dominated by centralized entities, but as technology advances, communities are beginning to take the reins through DAOs. The TRON DAO, which champions the mission of reshaping the internet using blockchain technologies, is not just
The cryptocurrency realm is often painted with hues of volatility and uncertainty; however, Crypto.com has emerged as a colossus, reporting an astonishing $1.5 billion in revenue for 2024. This triumph is not mere coincidence but a testament to the strategic maneuvers spearheaded by CEO Kris Marszalek. While some observers remain skeptical, accusing exchanges of operating
In a striking move that has sent shockwaves through the cryptocurrency space, the Cronos community recently sanctioned a contentious decision to reinstate 70 billion CRO tokens that were initially burned in 2021. The action, driven heavily by Crypto.com, garnered a slender 62.18% of the vote, an alarming statistic in a decentralized ecosystem ostensibly rooted in
In a dramatic turn of events, OKX has taken the exceptional step of suspending its Web3 decentralized exchange (DEX) aggregator in light of intense scrutiny from European regulators. Announced on March 17, this suspension may seem like a protective measure, but it raises critical questions about accountability and the current state of regulation in the