Kraken crypto exchange reported $1.5 billion in revenue for 2024, a 128% increase from the previous year.

The 2024 state of crypto report by Gemini examines the factors driving crypto adoption for the youngest generation of investors. Gen Z Are Driving Crypto Adoption A recent survey by Gemini reveals that Gen Z is leading global crypto adoption. Over 51% of respondents aged 18-29 report having owned or currently own cryptocurrency.

A Manchester Crown Court has sentenced seven gang members for orchestrating a series of kidnappings, violent assaults, and cryptocurrency extortion schemes. Over several months, the group repeatedly targeted one individual, forcing him to transfer substantial amounts of cryptocurrency to their control.

As FTX, the collapsed cryptocurrency exchange, reaches the final stage of its bankruptcy process, It has intensified its efforts to resolve legal disputes with former partners. The embattled exchange has reached a deal with K5 Global, a popular venture capital firm, to settle a lawsuit filed against the firm, demanding $700 million in disputed investments.

Kraken, one of the world's leading cryptocurrency exchanges, had a record-breaking 2024, reporting $1.5 billion in revenue, a 128% increase compared to the previous year. The exchange also saw an adjusted EBITDA of $380 million, supporting its solid financial growth.

Joseph Bankman and Barbara Fried are exploring options to secure their son's release but have not confirmed direct outreach to the White House.

A UK gang kidnapped and hurt a crypto investor many times, forcing him to send around £100,000 ($124,152) before police saved him. The gang used violence and threats before they were caught and sent to prison on January 30, 2024.

Binance's CEO cautions investors about increasingly sophisticated crypto scams and offers guidance on navigating the industry's future. Ponzi Schemes Are Getting Smarter—Binance CEO's Urgent Safety Playbook Binance CEO Richard Teng shared safety advice on social media platform X on Wednesday, emphasizing the importance of vigilance against fraudulent investment schemes.

ZK International Group Co., Ltd. (Nasdaq: ZKIN) and its subsidiary, xSigma Corp., are set to launch xSigma Wallet, a next-generation crypto banking wallet that enables users to buy memecoins and major cryptocurrencies using Visa, Mastercard, Apple Pay, PayPal, and Google Pay.

The total stablecoin market capitalization has surpassed $200 billion, setting a new record and signaling potential expansion in the cryptocurrency sector, according to a CryptoQuant report. Stablecoins, pegged to assets like the U.S. dollar, offer traders a reliable store of value while transitioning between cryptocurrencies.

As the crypto industry nears its 20-year milestone, discussions are intensifying about its future and global adoption. Ki Young Ju, founder of CryptoQuant, envisions a shift in how online content and labor are monetized.

Abstract Blockchain Just Launched For Consumers By The Pudgy Penguins Team. But it's more than a chain.

Pump.fun, a Solana-based token launch platform, is facing a federal class action lawsuit alleging it orchestrated an extensive scheme to issue and promote unregistered securities, violating US securities laws, according to a Jan. 30 court filing. Diego Aguilar, a Pump.fun user, filed the lawsuit in the U.S.

The second-largest US-based crypto exchange by trading volume is announcing huge upticks in revenue and trading volume last year. According to a new blog post, Kraken says that its revenue and trading volumes doubled in 2024 compared to what it did in 2023.

Kraken doubled its revenue in 2024 to $1.5 billion in earnings, a 128% increase from the previous year, according to its latest released financial data. The exchange also disclosed that it holds $42.8 billion in customer assets, with an average revenue of more than $2,000 per customer.

“I think the regulatory body of El Salvador and the regulatory body of the United States will talk a lot,” Michele Crivelli said.

Coinbase expands its portfolio by acquiring Spindl, a blockchain advertising platform, integrating it into Base network. This move follows several strategic acquisitions aimed at strengthening market position.

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Kristin Smith, CEO of the Blockchain Association, outlines principles to guide legislation and regulation on issues like self-custody, staking, voting, and peer-to-peer transactions on permissionless networks.

Defunct digital currency exchange under the FTX debtors identity has announced it has settled with K5 Global, a venture capital firm and incubation studio. This settlement aligns with a lawsuit it filed against the venture outfit in June 2024, seeking $700 million in disputed investments.

The parents of former crypto golden boy Sam Bankman-Fried are reportedly taking steps to obtain US President Donald Trump's pardon for their son.

Binance is caught in regulatory crosshairs in France, while KuCoin reaches a $300 million settlement with the US Department of Justice.

Also in 2024, Kraken's platform grew to hold $42.8 billion in assets, amassed 2.5 million funded accounts and hit $665 billion in total trade volume.

Apollo offers its first tokenized fund to widen its appeal to a broader range of investors.

Stablecoins' supply saw explosive growth, rising by over 59% throughout the year and peaking at $200 billion in September.

Judge Kollar-Kotelly asked the US government to explain its position on forfeiture to the Bitfinex exchange by Feb. 4.

Plaintiff Diego Aguilar alleges financial losses from meme coins FWOG, FRED, and GRIFFAIN, promoted with promises of exponential returns.

The cryptocurrency market appears primed for an extended rally as stablecoin liquidity reaches unprecedented levels, fueled by the rapid expansion of tether (USDT) and Circle's USDC, according to an end-of-the-month analysis from blockchain analytics firm Cryptoquant.

A Turkish court overturned a previous verdict that Thodex CEO Faruk Fatih Özer and his two brothers were guilty of creating a criminal organization. The court overturned guilty verdicts for 16 defendants, but only 4 of them were completely acquitted and released.

ValuesCo co-founder and CEO Andrew Berkowitz joins Rainforest Foundation US Executive Director Suzanne Pelletier at CoinDesk to discuss the potential of blockchain technology for social good. This content should not be construed or relied upon as investment advice.

Its performance and small capex have caused a seismic shift in the global AI race, plummeting US tech stocks. In particular, NVIDIA ($NVDA) is down 15% since DeepSeek R1's launch.

Last year's cryptocurrency boom was very good news for the Kraken exchange. The company's revenue more than doubled in 2024 from $671 million to $1.5 billion, Bloomberg News reported Friday (Jan. 31).

Discover the top 7 altcoins with massive potential to surge in Q1 2025, including FXGuys, GALA, and JASMY, and why they're worth watching.

According to Kraken's 2024 figures, the exchange averages more than $2,000 in revenue per customer and holds $42.8 billion in assets.

Coinbase has announced the acquisition of Spindl, an onchain ads and attribution platform, as part of its broader strategy to drive adoption of onchain applications.

The market capitalization of stablecoins has jumped by $37.6 billion since U.S. president Donald Trump's electoral victory in November.

Crypto taxation is a sector having several complications and lacking in concrete policies. In 2025, these complexities can be expected to be reformed with increased mainstream interest.

Spindl, founded in 2022 by Antonio Garcia-Martinez, will operate under the Ethereum Layer 2 incubated by Coinbase called Base.

New crypto coins are transforming the market with innovative technology and investment potential. Stay ahead with insights on the latest digital assets.

Are you hunting for the next crypto to buy now? We've got you covered!

Cointelegraph analyzed the main crypto forecasts for 2025 from leading firms and presented the key takeaways in its latest video.

MyTonWallet, a self-custodial wallet for The Open Network blockchain, has released version 3.3.

Stablecoin supply has expanded significantly, pushing total market capitalization beyond $200B. Tether's USDT and Circle's USDC lead the surge, increasing liquidity across exchanges. CryptoQuant analysts note that such trends have historically preceded bullish market movements. The post Stablecoin Expansion to Drive the Next Crypto Rally as Market Cap Hits $200B: CryptoQuant appeared first on Cryptonews.

The stablecoin market cap hit a record of over $200 billion, with USDC making outsized gains and USDT stalling in comparison. CoinDesk's Christine Lee reports on “Chart of the Day.

Cables Finance innovates by bridging RWAs with DeFi through liquid staking and perpetual futures, expanding access to diverse asset trading. The post Cables Finance bridges RWAs with DeFi through liquid staking and perpetual futures appeared first on Crypto Briefing.

The plot thickens in the FTX crypto case: SBF's parents are seeking clemency from Trump! The details in this article.

Andre Cronje, a key figure in decentralized finance (DeFi), disclosed that his 2022 departure from the sector stemmed from legal pressures from the U.S. Securities and Exchange Commission (SEC).