Coinbase has grown beyond its role as a crypto exchange and is now establishing itself as a key player in the broader financial sector in the United States. On Feb. 6, CEO Brian Armstrong said that the platform is evolving beyond crypto trading, positioning itself at the intersection of banking, brokerage, and payments. He shared […]
Arthur Hayes, the co-founder of BitMEX, has strongly opposed the proposed US Strategic Bitcoin Reserve (SBR), calling it a misguided initiative. In a Feb. 6 blog post, he argued that the reserve plan and a looming regulatory bill would do more harm than good for the crypto industry. Argument against SBR Hayes criticized the US […]
Tether CEO Paolo Ardoino has once again refuted claims that the company is developing its blockchain. On Feb. 5, Ardoino took to X to clarify that Tether has no intention of launching a blockchain, calling the speculation baseless. His statement addressed comments from crypto influencer Ansem, who was one of the many industry voices speculating […]
Ondo Finance has introduced Ondo Global Markets (Ondo GM), a platform designed to bring real-world assets (RWAs) such as stocks, bonds, and exchange-traded funds (ETFs) onto the blockchain. According to a Feb. 4 statement, this move provides global access to US securities by enabling investors outside the US to gain exposure through tokenized representations of […]
The Algorand Foundation has publicly urged Elon Musk’s Department of Government Efficiency (DOGE) to adopt its blockchain for government operations. In a Feb. 4 post on X, the foundation highlighted how Algorand’s technology could enhance transparency, particularly in tracking federal expenditures. According to Algorand, its blockchain is built with quantum-resistant security, making it ideal for […]
Blockchain security firm Scam Sniffer reported that crypto phishing scams drained $10.25 million from 9,220 victims in January, marking a 56% decline from December’s $23.58 million in losses. However, the report notes that the bad actors have been evolving and implementing more sophisticated attack methods. Screengrab showing the stats from the January 2025 Phishing Report […]
On Feb. 3, spot Bitcoin ETFs saw a net outflow of approximately $235 million, marking the first net outflow after a four-day streak of net inflows totaling $1 billion. The outflows follow Bitcoin’s drop to a three-week low, with BTC briefly touching $92,000 during the weekend. It’s a stark contrast to the previous week when […]
President Donald Trump’s memecoin has reportedly generated more than $802 million since its debut, according to Coinbase director Conor Grogan. Grogan pointed out that the project’s team has funneled over $482 million worth of USDC, SOL, and TRUMP tokens to exchanges. Meanwhile, $240 million in USDC sits in out-of-range liquidity, with an additional $50 million […]
India is reportedly reassessing its stance on crypto, signaling a potential shift in policy as international attitudes toward digital assets become more favorable, according to a Reuters report. This review aligns with recent developments, especially in the United States, where pro-crypto policies have gained momentum, which has bolstered expectations for expanded adoption of financial products […]
Kraken doubled its revenue in 2024 to $1.5 billion in earnings, a 128% increase from the previous year, according to its latest released financial data. The exchange also disclosed that it holds $42.8 billion in customer assets, with an average revenue of more than $2,000 per customer. Kraken’s earnings before interest, taxes, depreciation, and amortization […]