In an exemplary demonstration of resilience, Dunamu, the powerhouse behind South Korea’s leading cryptocurrency exchange, UPbit, has reported staggering financial growth for 2024. With an 85.1% leap in operating profit reaching 1.19 trillion won (approx. $682 million), it is evident that the company not only navigated but thrived amidst regulatory turbulence. For investors and market
Bitcoin’s recent price fluctuations serve as a stark reminder of the cryptocurrency market’s inherent instability. Just yesterday, Bitcoin plunged to an unsettling low just under $86,000 before staging a remarkable recovery that brought it back to about $87,500. Such volatility is hardly new, yet every dip and surge feels cataclysmic to traders and investors alike,
In the unpredictable world of cryptocurrency, the movements of a single coin can reverberate through entire ecosystems. The Curve DAO token (CRV) is no exception, currently standing on a precarious ledge. With Bitcoin (BTC) as the marketplace’s big player, CRV finds its trajectory heavily influenced by Bitcoin’s own whims. The notion that altcoins rely on
The NFT landscape has undergone significant transformation with the recent integration of the Ronin blockchain into OpenSea, one of the largest NFT marketplaces globally. For enthusiasts and creators alike, this partnership isn’t merely a technical enhancement; it represents a cultural shift within the NFT community. Until this point, users were shackled to the Ronin Market,
The Brazilian fintech giant Nubank, known for its innovative approaches, has made an assertive move into the cryptocurrency space by expanding its offerings. With the addition of Cardano (ADA), NEAR Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) to its basket of 20 different digital assets, Nubank is attempting to position itself as a leading player
After a tumultuous period marked by anxiety and uncertainty, Bitcoin has defiantly surged past the psychological barrier of $88,000, signaling a potential shift in market sentiment. The once-dominant bears, who seized the narrative just a few days earlier, now seem to be scrambling in the face of renewed optimism. This dramatic turnaround, reminiscent of previous
South Korea’s recent decision to block access to 17 overseas cryptocurrency exchange apps is a decisive measure in an increasingly chaotic financial landscape. The Financial Intelligence Unit (FIU) has taken a bold stand against platforms like KuCoin and Poloniex, demonstrating that the country is not willing to compromise on regulatory compliance. Operating without proper registration
The recent $50 million hack involving Infini, a digital neo-bank, sheds light on a troubling reality: the very innovations meant to enhance our financial systems can also form the basis for unprecedented fraud. In an era where blockchain technology is often heralded as a beacon of transparency and security, this incident serves as a stark
In the often tumultuous world of cryptocurrency, Mt. Gox remains a prominent name—a ghost from the past that refuses to stay buried. Despite its historic plunge into bankruptcy, this failed Tokyo-based exchange has stirred up the pot again, stirring emotions and opinions within the crypto community. What was once a titan of the trade that
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