Kraken, the prominent cryptocurrency exchange, has successfully obtained a Markets in Financial Instruments Directive (MiFID) license, positioning itself for significant growth across the European Union (EU) derivative markets. Announced on February 3, this strategic acquisition was facilitated through the purchase of a Cypriot investment firm, a deal that has received the green light from the
investment
In the ever-changing landscape of cryptocurrency, accurate reporting and data integrity hold significant importance. Recently, Ben Zhou, the CEO of Bybit, drew attention to the alarming discrepancies in liquidations reported by various exchanges. This insight not only raises questions about credibility in data reporting but also calls for an examination of the underlying market mechanisms
In the ever-changing landscape of cryptocurrency, Bitcoin is once again testing the psychological barrier of $100,000, following a notable recent dip of approximately 2.22% over a 24-hour period. This price drop has not deterred the trading community from engaging with Bitcoin. In fact, it has shown resilience by recovering from a low around an order
As we delve into 2025, the world of cryptocurrency has witnessed a striking metamorphosis, particularly with XRP. Surpassing expectations, XRP has made a significant comeback, closing January with its highest price ever recorded at $3.03. This bullish performance comes on the heels of increased regulatory clarity and a notable rise in institutional adoption. With a
In the dynamic landscape of cryptocurrency, where innovations emerge rapidly and technologies evolve at lightning speed, the demand for clear, relatable, and insightful writing is greater than ever. Semilore Faleti stands out as a notable figure in this realm, possessing a unique ability to unravel complex notions in the crypto space. Transitioning from diverse writing
As we approach the end of January 2025, Bitcoin (BTC), the foremost cryptocurrency, finds itself navigating a pivotal moment in its market journey. Following the US elections, Bitcoin has remained contained within a price range of approximately $90,000 to $108,000 since December 2024. This specific price band has become a focal point for analysts who
On January 30, 2023, Grayscale made headlines by filing a 19b-4 Form with the New York Stock Exchange (NYSE) with an aim to convert its XRP Trust into an exchange-traded fund (ETF). Launched on September 12, 2023, this trust currently manages $16 million, representing a mere 1.2% of the total assets found within the broader
In a notable display of resilience and strategic foresight, Kraken achieved extraordinary financial growth in 2024, doubling its revenue to an impressive $1.5 billion. This accomplishment represents a staggering 128% increase compared to the previous year. The exchange’s ability to attract customers and optimize its services has allowed it not only to expand its user
In the ever-evolving landscape of cryptocurrency, Bitcoin (BTC) has been synonymous with certain predictable cycles, characterized by periods of rapid growth followed by corrections. However, as Bitwise’s Chief Investment Officer, Matt Hougan, has pointed out, the conventional four-year cycle of Bitcoin may face challenges due to shifting economic and regulatory dynamics. Historically, Bitcoin has seen
XRP, a digital asset developed by Ripple, has always been recognized for its unique position within the cryptocurrency landscape. Unlike other cryptocurrencies that primarily aim to usurp traditional financial systems, XRP is designed to enhance existing frameworks, particularly aiding cross-border transactions. This original vision, however, has faced significant hurdles over the years, both in terms