India appears to be re-evaluating its position on cryptocurrencies, a move that reflects a growing international trend favoring digital assets. According to reports, this reassessment follows notable shifts in the United States, where accommodating policies surrounding cryptocurrency are on the rise. The momentum generated by these progressive strategies abroad has led to intensified discussions within
Revenue
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
On January 27, 2024, KuCoin, a prominent cryptocurrency exchange founded in 2017, reached a significant settlement with the U.S. Department of Justice (DOJ) by pleading guilty to operating an unlicensed money-transmitting business. This plea underscores a pivotal moment not only for KuCoin but also for the broader cryptocurrency landscape, especially relating to compliance and regulatory
Aayush Jindal has carved out an impressive niche in the financial markets, particularly in the realms of Forex and cryptocurrency trading. With a career that boasts over 15 years of experience, Aayush embodies the quintessential market expert. His proficiency in technical analysis is widely recognized, providing a beacon of guidance for investors seeking to navigate
In a pioneering move towards the integration of digital assets into public finance, New Hampshire State Representative Keith Ammon has put forth a bill aimed at establishing a strategic reserve of digital assets for the state treasury. Introduced on January 9, the legislation seeks to reserve up to 10% of the total public funds—approximately $360
In a significant move that reflects a growing awareness of the complexities in the world of cryptocurrency, the Internal Revenue Service (IRS) has announced temporary relief regarding cost-basis reporting rules for digital asset investors. This decision comes amidst a challenging regulatory environment, as the IRS recognizes the intricate realities of crypto taxation and the need
In a significant move that has captured the attention of the cryptocurrency community, Tether, the issuer of the USDT stablecoin, has enhanced its Bitcoin portfolio by acquiring an impressive 7,629 BTC, translating to an estimated value of $705 million. This strategic purchase, unveiled through on-chain analytical insights provided by Arkham Intelligence, has increased Tether’s total
In a landscape that has seen exponential growth and innovation, the decentralized finance (DeFi) sector faces formidable challenges from regulating bodies like the US Internal Revenue Service (IRS) and the Treasury Department. Recent regulations, which some perceive as hostile to the spirit of DeFi, have incited a robust backlash from industry leaders. A16z Crypto, the
In a significant development within the cryptocurrency realm, BiT Global has initiated legal proceedings against Coinbase, one of the leading trading platforms in the United States. This lawsuit, filed on December 13, raises alarms about potential antitrust violations and manipulation of the market. Central to the dispute is the controversial removal of wrapped Bitcoin (WBTC)
In December 2023, Italy’s government faced a considerable backlash regarding its proposal to drastically increase the tax on cryptocurrency capital gains. Initially included in the 2025 budget, the plan aimed to elevate tax liabilities from 26% to a staggering 42%. This move was ostensibly designed to bolster public revenues amid a turbulent fiscal landscape, but