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
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Recent revelations from on-chain investigator ZachXBT shed light on the troubling world of social engineering scams targeting Coinbase users, with losses exceeding $300 million annually. This staggering figure reflects the vulnerabilities existing within one of the leading cryptocurrency exchange platforms. As victims share their harrowing experiences on social media, it becomes evident that not only
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
The cryptocurrency market has always been notorious for its volatility, and recent events have undoubtedly exacerbated this trait. In a striking turn of events, Bitcoin’s open interest—a metric that reflects the total number of outstanding derivative contracts—saw a staggering $4.5 billion crash over just one weekend. This shocking reduction pulled the open interest down from
Coinbase, one of the world’s leading cryptocurrency exchanges, has recently achieved a remarkable milestone by securing registration as a Virtual Asset Service Provider (VASP) in the United Kingdom. This significant advancement was announced by Faryar Shirzad, the Chief Policy Officer at Coinbase, on February 3 via social media platform X. By obtaining this registration, Coinbase
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
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
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 fiercely competitive realm of financial markets, Aayush Jindal emerges as a significant figure, blending over 15 years of extensive experience in Forex and cryptocurrency trading. His profound knowledge and analytical acumen have positioned him as a trusted mentor and senior market analyst for a global clientele. With an innate talent for unveiling and
In the dynamic realm of financial markets, few individuals can lay claim to the level of expertise and recognition that Aayush Jindal has achieved. With over 15 years immersed in Forex and cryptocurrency trading, Aayush has established himself as a leading figure in the industry. Known for his remarkable skill in technical analysis, he has