In its recently published financial report on February 15th, major US cryptocurrency exchange Coinbase revealed its fourth-quarter and full-year results for 2023. The company’s performance exceeded expectations, showcasing significant growth and profitability. This article critically analyzes Coinbase’s financial report, highlighting its key achievements, revenue growth, international expansion, institutional activities, future trends, and stock performance. For
In the recently released 2024 Crypto Crime Report by Chainalysis, it has been revealed that there has been a significant decrease of almost 30% in crypto money laundering in 2023. Additionally, the report highlights a 14.9% drop in total funds sent between illicit addresses. These figures are indeed encouraging and suggest that efforts to combat
Self-proclaimed Bitcoin creator Craig Wright made a shocking revelation on February 15. He admitted to destroying the hard drives containing his private keys, citing his mental state at the time. According to Wright, he had just returned from the hospital and was heavily sedated due to lack of sleep. In this impaired state, he expressed
A recent notice listed on the National Institute of Standards and Technology’s (NIST) vulnerability database has raised concerns about the security of the iOS version of Binance Trust Wallet. The notice claims that an unknown party exploited a vulnerability, leading to economic losses. However, Trust Wallet’s CEO has vehemently denied these allegations and assured the
In a significant move towards the integration of digital assets into commercial transactions, the Judiciary Committee in Iowa has recently approved House File 2519. This progressive bill aims to address complexities and opportunities presented by digital assets within the legal framework of commerce. By introducing amendments to the Uniform Commercial Code, Iowa seeks to enhance
Cosmos (ATOM) has experienced a 1.7% decrease in the past 24 hours, leading to concerns among holders about a potential crash. Despite this recent dip, ATOM has been trading in a narrow range between $8-12 for over 3 months while the rest of the market has seen significant gains. The current market price of ATOM
Dogecoin (DOGE) is currently gaining momentum as it surpasses the $0.085 zone against the US Dollar. With positive signs and a breakout from a key contracting triangle, DOGE could potentially initiate a fresh rally above significant resistance levels. In recent sessions, Dogecoin has experienced a decent increase starting from the $0.080 support zone. It successfully
The bitcoin bulls are making a strong comeback, pushing the world’s leading cryptocurrency to surge past the $52,000 mark. This rally comes after a brief dip below $50,000 triggered by hotter-than-expected US inflation data, but investors shrugged off the uncertainty, demonstrating their resilient confidence in the future of digital assets. This surge not only marks
The cryptocurrency industry has become increasingly vulnerable to cyber criminals, and the recent attack by the Angel Drainer phishing group is a testament to this alarming trend. This article will delve into the details of their latest attack, highlighting their modus operandi, the extent of the damage they have caused, and the implications for cybersecurity
The role of cryptocurrency in funding terrorist activities has been a subject of concern and speculation in recent years. However, Brian Nelson, Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, challenged the widely held beliefs about this issue during his testimony to Congress on Feb. 14. In this article, we