In a significant development, the U.S. Supreme Court has handed a decisive blow to individual privacy rights within the realm of cryptocurrency. By refusing to hear the case of Harper v. Faulkender, the Court effectively endorses a lower court’s ruling that allows the IRS to access vast amounts of user data from crypto exchanges like
Exchanges
Robinhood’s recent stock surge to a new all-time high, climbing roughly 11% to $92, is being hailed as a triumph of innovation and market confidence. The fintech firm’s aggressive push into Layer 2 blockchain solutions, tokenized stocks, perpetual futures trading, and crypto staking is undeniably eye-catching. However, this enthusiasm glosses over significant vulnerabilities that could
Gemini’s recent introduction of tokenized shares of Strategy (MSTR) for European customers represents more than just another crypto innovation—it signals a bold attempt to dismantle long-standing barriers in global investing. By leveraging blockchain technology, Gemini empowers anyone with an internet connection and a smartphone to buy fractional ownership of U.S. stocks. This move challenges the
Coinbase, a flagship cryptocurrency exchange and a major player in the digital asset ecosystem, appears to be evolving in a strategic direction that merits close scrutiny. Brian Armstrong, the firm’s CEO, has recently disclosed that Coinbase is purchasing Bitcoin on a weekly basis. This revelation hints at a significant pivot towards what Armstrong calls a
In an audacious stride to reshape the financial landscape, Kraken has announced the launch of Krak, a mobile payment app that allows users to effortlessly send both digital assets and fiat currencies across more than 110 countries. This new platform boldly positions itself as a challenger to established giants like PayPal and Cash App, asserting
Recent data shows that Bitcoin inflows to Binance, one of the largest cryptocurrency exchanges, have plummeted to a mere 5,700 BTC—less than half of the average monthly amount recorded since 2020. In contrast, during the tumultuous days following the FTX collapse in late 2022, inflows had reached alarming heights. This stark decline raises not just
WazirX, once the pride of India’s burgeoning crypto ecosystem, now stands at a crossroads that can only be described as harrowing. The recent news that the Singapore High Court has extended a crucial lifeline to this beleaguered exchange smacks of desperation more than resilience. How did a platform that boasted the highest trading volume in
The ongoing legal skirmish between FTX and the beleaguered Three Arrows Capital (3AC) highlights a critical aspect of financial markets: reckless risk-taking can have destructive repercussions. FTX’s legal team recently decried 3AC’s $1.53 billion claim as not only illogical but also potentially damaging to legitimate creditors in the wake of FTX’s bankruptcy. This scenario sheds
In a bold yet cautious move, South Korea’s Financial Services Commission (FSC) is charting a course toward the establishment of digital asset spot exchange-traded funds (ETFs). Announcing this initiative during a policy update to the State Affairs Planning Committee, the FSC is positioning itself as a vanguard in the evolving landscape of cryptocurrency regulation. While
In a tragic turn of events, the Iranian cryptocurrency exchange Nobitex has confirmed a staggering loss of nearly $100 million due to a cyberattack orchestrated by a politically motivated hacker group. Experts and industry insiders are still trying to dissect the implications of this incident, which occurred on July 18. The attackers, who identify themselves