In a significant and unexpected move, Gemini, one of the largest cryptocurrency exchanges in the United States, has declared a hiring freeze on Massachusetts Institute of Technology (MIT) graduates and interns. This decision stems from the university’s recent association with Gary Gensler, the former Chair of the U.S. Securities and Exchange Commission (SEC). Tyler Winklevoss,
Exchanges
The year 2024 has proven to be a pivotal one for centralized cryptocurrency exchanges, characterized by notable market shifts and evolving leadership dynamics. According to a comprehensive report from CCData, while established giants like Binance and OKX experienced market share declines, Crypto.com has made significant strides to enhance its position in the industry. This transformation
In a significant shift within the cryptocurrency landscape, Crypto.com has announced the removal of Tether’s USDT stablecoin from its platform by January 31. This decision is part of a broader strategy to align with the European Union’s Markets in Crypto-Assets (MiCA) regulation, a set of comprehensive legal frameworks designed to oversee digital asset operations within
In a significant move for both the Argentine cryptocurrency landscape and Coinbase itself, the digital asset exchange has received the green light to operate in Argentina. This comes after the firm successfully registered as a Virtual Asset Service Provider (VASP) with the National Securities Commission (CNV) of Argentina. A notable announcement made on January 28
In a striking turn of events, KuCoin has confronted serious repercussions following its admission of guilt for operating as an unlicensed money-transmitting business. This admission was formalized in a settlement with the U.S. Department of Justice (DoJ) on January 27, which mandates the exchange to exit the U.S. market for a duration of two years
In recent years, the cryptocurrency landscape has witnessed unprecedented growth, driven by technological advancements and a surge in new financial instruments. This explosive growth has brought with it significant challenges, particularly in the ways tokens are listed and evaluated on exchanges. Brian Armstrong, CEO of Coinbase, articulated these concerns in a social media post, highlighting
In a recent announcement, Coinbase CEO Brian Armstrong addressed the significant frustration among users due to prolonged transaction delays on the Solana network. This issue has become increasingly pressing as users experienced significant transaction setbacks, with some waiting for over 21 hours. Armstrong took to the platform X to communicate that the backlog has been
Recent developments have ignited discussions in the cryptocurrency community regarding the potential launch of futures contracts for Solana (SOL) and XRP by CME Group. On January 22, an individual on social media, known as Summers, shared a screenshot of what was claimed to be a testing page from CME, indicating a possible pre-launch on February
The ongoing legal tussle between Coinbase and BiT Global unveils a wider discourse on the responsibilities and regulatory frameworks that govern cryptocurrency exchanges. Coinbase, one of the world’s leading digital asset platforms, recently filed a motion to dismiss a lawsuit from BiT Global, which contested the firm’s decision to delist Wrapped Bitcoin (wBTC). BiT Global,
In recent years, the landscape of cross-border money transfers has undergone a significant transformation, largely driven by the advent of cryptocurrencies. Binance, the world’s leading crypto exchange by trading volume, has positioned itself at the forefront of this revolution. Between 2022 and 2024, Binance users executed approximately $26 billion in peer-to-peer remittances, effectively saving an