Category: crypto

India is considering changing its stance on cryptocurrency in response to global trends. The government is exploring more flexible regulations to support the sector’s growth and potential economic benefits. However, the country is also implementing stricter tax measures on digital assets, which industry experts warn could drive traders to underground markets.

Bitcoin dropped to a one-month low of $92,000 during Asian trading hours due to President Trump’s trade tariffs. This triggered a massive liquidation event, affecting over 742,000 traders and wiping out over $2 billion. Other major assets like Ethereum, Solana, XRP, Dogecoin, and Cardano also faced significant declines.

Ledn, a centralized Bitcoin lending platform, survived the 2022 crypto crash by focusing on transparency, conservative spending, and risk management. Ledn’s commitment to Bitcoin-first financial products, simplicity, and quality over quantity has fueled its growth and profitability. Ledn is expanding globally and attracting institutional investors during the current bull market. The market cap of Bitcoin…

THORChain faces a crisis as RUNE holders see a drastic drop in token price and potential insolvency. Founder JP Thorbjornsen under scrutiny for conflicts of interest, while nodes sell off their holdings. Despite challenges, the community remains committed, with a proposal to address debt and attract liquidity gaining support.

XRP, despite gaining global recognition and potential ETF and futures offerings, faces regulatory uncertainty in Hong Kong. The Securities and Futures Commission has granted licenses to local exchanges but has not approved XRP for trading. Strict regulations, including AML and CTF laws, apply to licensed exchanges. The exclusion of XRP may be linked to Ripple’s…

Safe Co-Founder Lukas Schor discusses key developments in DeFi for 2025. Expect 20% of Ethereum users to use EIP-7702-enabled smart accounts, half of DeFi users to use a unified interface for multiple blockchains, AI-driven agents executing 20% of DeFi trading volume, global financial institutions integrating stablecoin-based settlements, and 10% of DeFi liquidity flowing across multiple…

MicroStrategy, a U.S. software company, is raising $543 million to buy bitcoin by selling 7.3 million shares of its preferred stock. CEO Michael Saylor predicts a price target of $49 million per bitcoin. The offering is expected to settle on February 5 and will provide the company with funds to pursue its aggressive bitcoin acquisition…

In an op-ed by Daniil Shcherbakov, he discusses the state of the Web3 gaming industry in 2024, highlighting the failures and challenges faced by projects. Despite setbacks, there are signs of progress with innovative games and major publishers embracing blockchain technology. Players are demanding quality gameplay and utility from blockchain assets, setting the rules for…

Tether reported $7.8 billion in Bitcoin holdings in Q4, boosting profits to over $13 billion in 2024. BDO confirmed $5 billion in unrealized profits from gold and Bitcoin. Tether’s exposure to US Treasuries reached $113 billion. Total assets were $157.6 billion with $143.7 billion in reserves for Tether tokens. CEO plans to launch new products.

Kraken’s revenue doubled in 2024 to $1.5 billion, with $42.8 billion in customer assets and an EBITDA of $380 million. The exchange saw $665 billion in trading volume and over 2.5 million funded accounts. Kraken restored staking services in the US and may potentially go public in 2025.