Revolut’s Crypto Gamble Pays Off with Record Profits
Fintechs like Revolut and Robinhood outpace crypto-native platforms as mainstream crypto trading gains momentum. Revolut has posted a record-breaking $1.5 billion profit for 2024, marking the first time the UK-based neobank has crossed the billion-dollar threshold in annual earnings. A significant contributor to this milestone was its booming wealth division,
Brazil Jails Crypto Ponzi Leaders for 171 Years in $190M Fraud
Braiscompany founders sentenced after defrauding 20,000 investors in one of Brazil’s largest-ever crypto scams. A Brazilian federal court has sentenced three top executives of Braiscompany, a fraudulent crypto investment platform, to a combined 171 years in prison. The scheme, which misled nearly 20,000 investors, raised over $190 million (R$1.11 billion)
Bybit Winds Down Web3 Services Following $1.4 Billion Hack
Crypto exchange Bybit to discontinue multiple Web3 services, including its NFT marketplace and wallets, by end of May Bybit has announced a significant shift in its business strategy, revealing plans to shut down most of its Web3 services, including various wallets and NFT platforms. This move comes shortly after the
BNB Burns $900M in Tokens — But Price Stays Flat
BNB Chain has just completed its 31st quarterly token burn, destroying over $900 million worth of BNB tokens. Despite the massive burn, the market reaction was underwhelming, with the token’s price barely moving. $916 Million Burn, Minimal Price Reaction On April 16, BNB Chain burned 1.57 million BNB tokens, valued
Bitcoin Traders Split on Breakout Potential as Price Nears $87K
Bitcoin’s price continues its upward push, nearing fresh April highs, but mixed sentiment among traders suggests uncertainty about the longevity of the rally. Bitcoin Eyes $87K Amid Resistance Bitcoin (BTC) hovered around $84,775 on April 15 as it attempted to break through the $86,000 mark during the Wall Street open.
Only 11% of Registered Bitcoin Firms Operational in El Salvador
Majority of Bitcoin Service Providers Fail to Meet Legal Standards Only 20 out of 181 Bitcoin service providers registered with El Salvador’s central bank are currently operational, according to newly released data from the Central Reserve Bank of El Salvador. This means that just 11% of all registered providers have
DeFiance Founder Questions, Why Projects and Market Makers Collude to Fix the Crypto Market?
In the last 24 hours, the crypto market has seen prices remain neutral. Although Bitcoin has raised itself to the $85K level, the altcoin sector is also reflecting modest positive altercations. On the other hand, several whales began dumping Ethereum over the past week, specifically in the past day. This
Massive OM Token Transfers Spark Market Anxiety
A recent report from the blockchain analysis firm Lookonchain has unveiled substantial transfers of OM tokens linked to the Mantra project, raising eyebrows among cryptocurrency enthusiasts and traders. These sizable transactions occurred just prior to a sharp decline in the token‘s price over the weekend, leading to increased scrutiny regarding the
Solana Surges 20% Against Ethereum: Is a $300 Price Target in Sight?
Solana (SOL) has seen a sharp rally, outperforming Ethereum (ETH) significantly over the past week. As SOL’s price against ETH hits multimonth highs, traders are beginning to speculate whether the altcoin could soon break past its previous all-time high and reach the $300 mark. SOL/ETH Ratio Hits Record Weekly Close
Bybit Denies $1.4M Listing Fee and Campus Ambassador Misconduct Allegations
Crypto exchange Bybit has firmly denied allegations that it charges $1.4 million for token listings and that it used influencers to silence student concerns. The accusations were made by X user “silverfang88,” who has over 100,000 followers, sparking heated discussions on social media. Allegations Spark Social Media Storm On April
