Recently, Coinbase CEO Brian Armstrong dropped a revealing hint that his company is quietly accumulating Bitcoin on a weekly basis. While this isn’t an outright confirmation of a corporate Bitcoin treasury, the deliberate, steady approach unmistakably signals a deeper bet on the cryptocurrency. Armstrong’s admission follows public calls from influential voices like Bitcoin Magazine’s CEO,
Exchanges
In a landscape increasingly dominated by fintech giants like PayPal and Venmo, Kraken’s introduction of the Krak mobile payment app could be a game-changer, potentially reshaping how we perceive digital transactions. The app’s groundbreaking feature is its ability to handle both fiat and cryptocurrencies seamlessly, allowing a user experience that is flexible and devoid of
Amidst an ever-evolving crypto landscape, Binance, the largest cryptocurrency exchange, has seen a concerning decline in Bitcoin (BTC) inflows, now averaging just 5,700 BTC per month. This figure is alarming when compared to the 12,000 BTC monthly average established since 2020 and notably less than the panic-driven 24,000 BTC influx witnessed during the FTX crisis
In an age brimming with digital finance opportunities, the WazirX saga serves as a stark wake-up call. Once hailed as India’s leading cryptocurrency exchange, WazirX has become a symbol of the vulnerabilities underlying the crypto ecosystem. A staggering $234 million hack not only stripped the company of its reputation but also cast doubt on the
In the bewildering world of cryptocurrency, few stories are as compelling as the ongoing legal saga between FTX and Three Arrows Capital (3AC). FTX, once a shining beacon of hope in the chaotic crypto universe, is now embroiled in a dark web of legal disputes, as it faces claims from 3AC amounting to a staggering
Coinbase’s recent announcements at its State of Crypto Summit are nothing short of ambitious, heralding a new era for cryptocurrency trading in the United States. The introduction of a Bitcoin-backed credit card and CFTC-compliant perpetual futures signifies a significant leap toward integrating crypto more deeply into mainstream finance. These developments come at a pivotal time
Bitcoin’s metamorphosis into a heavily centralized asset is both astounding and concerning. A recent analysis from Gemini and Glassnode unveils that over 30% of Bitcoin’s total supply is now locked in the hands of merely 216 major institutional entities. This staggering concentration includes not only crypto exchanges but also ETFs, government organizations, and private firms.
The recent withdrawal of BiT Global’s lawsuit against Coinbase is more than just a legal formality; it is symptomatic of escalating tensions within the cryptocurrency space. The delisting of Wrapped Bitcoin (WBTC) from Coinbase—a decision reportedly driven by concerns over governance and potential risks—has ignited a proverbial powder keg. It’s indicative of a larger battle
In a recent announcement, Brian Armstrong, CEO of Coinbase, boasted about an 82% reduction in unnecessary account restrictions on their platform. While this may seem like a significant achievement, the very necessity of such a proclamation raises eyebrows. The phrase “unnecessary account freezes” should not simply be a point of pride but a reflection of
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has strategically filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This monumental move comes at a time when public interest in cryptocurrencies is burgeoning and the regulatory framework is evolving. The filing signals a strong intention to become a