Kraken has had a strong start to 2025, with a 19% increase in revenue year-over-year to $472 million for the first quarter. The earnings statement on May 1 also highlighted a 1% quarter-over-quarter rise in adjusted EBITDA, reaching $187 million. …
Kraken achieves revenue boost in Q1 2025 but faces North Korean hacking scare Read More »
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has put forth a proposal to block Cambodia’s Huione Group from accessing the American financial system, as stated in a press release dated May 1 here. If the proposal is accepted, US …
US targets Huione Group in crackdown on $4 billion crypto laundering network Read More »
The native token of the Ethereum-based Movement Network, MOVE, experienced a significant drop to a new low after Coinbase announced its delisting due to concerns about market-making activities. On May 1, the US crypto exchange revealed that MOVE trading would …
At the beginning of the month, the cryptocurrency market experienced a bullish trend as the market capitalization surged above $3 trillion. The volume, which had previously dropped significantly, has started to rise again, indicating increased bullish activity in the markets. …
Algorithmic Trading Firm Two Prime Drops Ethereum in Favor of Bitcoin In a recent move, algorithmic trading firm Two Prime has formally announced its decision to drop its exposure to Ethereum (ETH) and focus solely on Bitcoin (BTC). CEO Alexander …
Two Prime drops Ethereum, labeling it a memecoin amid waning institutional interest Read More »
Galaxy Digital, a crypto asset management firm, has revealed its intention to go public on the Nasdaq stock exchange. Founder and CEO of Galaxy Digital, Mike Novogratz, has announced that the firm is planning to debut on the Nasdaq by …
Crypto Giant Galaxy Digital Announces Plans to Go Public on Nasdaq Read More »
Bitcoin is on the verge of reaching a crucial resistance level on the daily charts. The leading cryptocurrency experienced a reversal after hitting $94,919. If Bitcoin manages to surpass $95,000, other altcoins could see a similar uptrend. XRP, ADA, and …
Crypto lending platform Nexo has announced its plans to relaunch operations in the United States amid a more favorable environment for digital assets in the country. In a recent update shared on the social media platform X, Nexo revealed its …
Bitcoin has once again captured the spotlight as global bank Standard Chartered predicts that the world’s largest cryptocurrency could reach a new all-time high by the second quarter of this year, potentially hitting around $120,000. This bullish outlook is driven …
Bitcoin All-Time-High in Q2 or $100k Again This Week? Read More »
Coinbase Asset Management is set to launch the Coinbase Bitcoin Yield Fund (CBYF) on May 1st, as announced on April 28 in a statement on Coinbase’s blog. The CBYF is described as a conservative investment strategy aiming to generate annual …
Coinbase unveils Bitcoin yield fund for global institutional investors Read More »
