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 […]
Tether reported $7.8 billion in Bitcoin (BTC) holdings in the fourth quarter, which boosted its profits to over $13 billion last year. The company’s informed price of $93,812 puts its Bitcoin stash at 83,758 BTC. Meanwhile, the firm’s profits increased by $5.3 billion in the fourth quarter. According to the assurance opinion conducted by global […]
The XRP Ledger (XRPL) has implemented the AMMClawback amendment, introducing a new layer of regulatory compliance and asset control within its Automated Market Maker (AMM) system. On Jan. 30, XRPscan, a blockchain explorer for XRPL, confirmed that the amendment is now live after a 14-day activation period. How the AMMClawback works According to the XRPL […]
Crypto traders continue to lose millions by mistakenly sending Solana (SOL) tokens to memecoin contracts. Conor Grogan, a director at Coinbase, estimates that traders have sent over $24 million in SOL to Solana-based memecoins token contracts, surpassing the 6,743 ETH (about $22 million) removed from circulation due to Ethereum’s transition to a proof-of-stake network in […]
According to a report from crypto exchange CEX.IO, stablecoin transfers reached $27.6 trillion in 2024, outpacing Visa and Mastercard’s combined transaction volume by 7.68%. The report pointed out that stablecoins consistently outperformed traditional payment providers throughout the year despite a dip in Q3 due to broader market slowdowns. Chart showing the trading volume for stablecoins […]
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Perplexity AI may soon incorporate crypto into its platform, according to CEO Aravind Srinivas. In a Jan. 29 post on X, Srinivas confirmed that crypto integration is on the horizon but did not provide details on how it would be implemented or when users can expect the rollout. Instead, he only responded “soon” to a […]
Gemini has decided to stop hiring Massachusetts Institute of Technology (MIT) graduates and interns due to the university’s renewed affiliation with former US Securities and Exchange Commission (SEC) Chair Gary Gensler. On Jan. 29, Tyler Winklevoss, the exchange’s co-founder, announced the decision on X, stating that Gemini will not consider MIT candidates as long as […]
AI16z, a venture capital fund powered by AI agents, has officially rebranded to ElizaOS, marking a strategic shift in its growth and position in the industry. Following the announcement, CryptoSlate’s data indicated that the project’s AI16z token is now trading at $0.61, showing a 6% drop in 24 hours and a 50% decline over the […]
Norway’s sovereign wealth fund—Norges Bank Investment Management (NBIM)—increased its indirect Bitcoin exposure by 153% in 2024 to 3,821 BTC, according to Vetle Lunde, a senior analyst at K33 Research. Lunde explained that the exposure likely stems from sector-based investment strategies rather than a direct push toward Bitcoin. However, the steady increase shows how BTC is […]