Kraken Expands Custody Services to UK and Australia

Kraken, a prominent cryptocurrency exchange, has made significant strides in expanding its custody services to cater to institutional clients in the UK and Australia. This strategic move builds on the successful launch of Kraken Custody in the U.S. earlier this…

Coinbase Selected by US Marshals Service for Digital Asset Management

After an exhaustive evaluation process, the U.S. Marshals Service (USMS), a pivotal division within the U.S. Department of Justice, has chosen Coinbase Prime as its exclusive partner for managing and trading “Class 1” (large cap) digital assets. This partnership underscores…

Sony Enters Crypto with Amber Japan Acquisition and S.BLOX

In a strategic move to enter the cryptocurrency exchange market, Sony, through its subsidiary Quetta Web, acquired Amber Japan in 2023. Amber Japan, formerly known as DeCurret, was rebranded by Amber Group, a Singapore-based entity, in 2022. With this acquisition,…

FTX Customers to Vote on Billion Dollar Repayment Plan

FTX, once a titan in the cryptocurrency exchange world, now faces a pivotal moment in its bankruptcy saga. The next few weeks will be crucial for the customers of the failed exchange as they vote on a compensation plan designed…

Bybit Becomes Second-Largest Crypto Exchange Globally

Bybit rise to the second-largest cryptocurrency exchange globally, overtaking Coinbase, is a testament to its strategic initiatives and market adaptability. Key factors include the successful launch of spot Bitcoin ETFs in the US, competitive trading fees, and a broad range…

Crypto Exchange Gemini Agrees to $50 Million Payout in Legal Settlement

The cryptocurrency market has been fraught with various legal battles, regulatory scrutiny, and investor skepticism. One of the latest developments involves Gemini Trust Co., a well-known crypto exchange, and its controversial Gemini Earn program. This article delves into the details…

Binance New CEO, Richard Teng Leads Remarkable Growth in 2024

In 2024, Binance Holdings Ltd. has seen remarkable growth under the leadership of its new CEO, Richard Teng. This year has indeed turned out to be a landmark one for the crypto industry, marked by increased regulatory clarity, mainstream adoption,…

Robinhood acquires crypto exchange Bitstamp for $200 million, expanding into institutional crypto.

Robinhood Markets Inc. has announced a major acquisition, purchasing the European cryptocurrency exchange Bitstamp Ltd. for $200 million. This strategic move marks Robinhood’s expansion beyond its home market in the US and into the institutional cryptocurrency business. The deal, which…

Crypto Exchange Kraken Seeks Over $100 Million for Pre IPO Funding Round

Kraken, one of the oldest and most reputable cryptocurrency exchanges, is contemplating raising a final funding round ahead of a potential initial public offering (IPO). This decision comes amid inquiries from potential investors during the current digital-asset market surge. Founded…

DMM Bitcoin Raising $321 Million to Recover from Major Hack

In an ambitious move to recover from a significant security breach, Japanese crypto exchange DMM Bitcoin plans to raise 50 billion yen ($321 million). The funds will be sourced from group companies within the broader DMM.com Group. This strategic infusion…