The Role of Encryption in Safeguarding Your Cryptocurrency
Cryptocurrencies, as decentralized digital assets, give users unprecedented financial freedom, eliminating the need for centralized banking institutions. However, every great potential comes with a duty, so examining the role of encryption in safeguarding your cryptocurrency is essential. As a fundamental application of cryptography, encryption is your first line of defense when safeguarding your digital assets. Thus, […]
Kraken Eyes Dutch Market Set to Acquire BCM Exchange
Kraken has announced an agreement to purchase Coin Meester B.V. (BCM), a cryptocurrency exchange based in the Netherlands. Kraken and BCM announced the impending acquisition after the European Union implemented its Markets in Crypto-Assets (MiCA) legal framework, while financial specifics of the deal have yet to be made public. With acquiring virtual asset service provider […]
FTX Exploiter Transfers $36.8M in Ether as SBF Trial Begins
FTX exploiter’s wallet address transferred approximately $36.8 million worth of Ether in the wake of Sam Bankman-Fried’s (SBF) court trials, bringing the current balance in their portfolio down to $196.014 million after a series of transfers. The accounts of FTX and FTX.US were depleted of $600 million on November 11, 2022, hours after the cryptocurrency […]
CommEX Struggles to Attract Russian Clients
Following Binance’s withdrawal from the country, its Russian customers are switching to other platforms for cryptocurrency trading. It is becoming clear that many customers don’t appreciate CommEX, the company that bought Binance’s Russian operation. According to Satoshkin CEO Dmitry Stepanin, peer-to-peer (P2P) operations have currently decreased by between 10 and 30%. According to data from […]
Kraken to Launch Stock Trading in 2024
Crypto exchange Kraken plans to launch a new stock trading service in 2024 through a newly formed division called Kraken Securities. Customers who satisfy the criteria will have immediate access to a portfolio balance of equities, cryptocurrencies, and ETFs. While the exchange interests the American and British markets, it will require government approval to trade […]