San Francisco-based cryptocurrency exchange Kraken announced a remarkable surge in its financial performance for 2024, with revenue more than doubling compared to the previous year. “In 2024, we saw revenue of $1.5 billion (up 128% year-over-year) and $380 million in adjusted EBITDA,” said Arjun Sethi, Kraken co-CEO, on 31 January 2025. “During the year, clients
Jake Claver argues that over $27 trillion is frozen in banks due to inefficient cross-border payments, and he believes that XRP is the solution for this. Claver has emphasized that leveraging Ripple’s technology, particularly the XRP Ledger, would be a smart move for banks looking to optimize their financial operations. Jake Claver, a business consultant,
Vine founder Rus Yusupov launched his VINE memecoin after Elon Musk hinted that he may bring back the app eight years after it was shut down. Source link
As of Feb. 2, 2025, the first few requirements of the E.U.’s AI Act are legally binding. Businesses operating in the region that do not abide by these requirements are at risk of a fine of up to 7% of their global annual turnover. Certain AI use cases are now not allowed, including using it
A market-wide crypto sell-off triggered $1.06 billion (₱61.8 billion) over 24 hours as Bitcoin slid below $97,400 and memecoins cratered amid fears of escalating U.S. trade wars. Quick Take delivers key facts fast—concise, clear, and easy to read. Perfect for busy readers. Key Takeaways: $1.06B in positions liquidated — 87% were bullish bets (longs). Bitcoin dropped 3.3% to 97,438; Ether fell to
HIVE Digital has finalized the acquisition of Bitfarms’ partially completed 200-megawatt Bitcoin mining facility in Yguazú, Paraguay, for $56 million. The deal includes an upfront payment of $25 million due at closing in the first quarter of 2025, with the remaining $31 million to be paid in six equal monthly installments. The $56 Million Purchase
REX Shares’ filings for XRP, Solana, and Dogecoin ETFs signal a bold step in expanding crypto investment options. With a pro-crypto SEC leadership, XRP and Solana ETFs are likely to see approval, marking a pivotal moment for mainstream crypto finance. Following our discussion about Crypto Adoption in 2025, the CNF post highlights the importance of
Cynthia Lummis teased via X that “₿ig things are coming,” with the use of the Bitcoin symbol fuelling rumors of a Strategic Bitcoin Reserve. Source link
A new WIRED report has pulled back the curtain on the inner workings of the Elon Musk-led Department of Government Efficiency (DOGE), and the picture it paints is… troubling. According to the report, the department is being staffed by a crew of fresh-out-of-college hires — many with zero prior government experience. In fact, at least
In the last couple of days, the trade price of Bitcoin faced a significant downfall, despite the bull sentiments in the Crypto market. The current trade price of Bitcoin is $97,127, which is -5.94% down over the last 7-day trading period. The significant downfall started after 31 Jan. In the same period, the trade price