In a remarkable turn of events, Kraken, a leading cryptocurrency exchange, has reported an outstanding financial performance for the year 2024. The company’s revenue soared to $1.5 billion, reflecting a staggering 128% increase compared to the previous year. This doubling of revenue signifies not only the growing popularity of Bitcoin and other cryptocurrencies but also
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In a notable shift for the cryptocurrency realm, Kraken has unveiled a new onchain staking product aimed at U.S. clients, restarting crucial services following a challenging period of regulatory scrutiny. As reported on January 30, this product will enable users across 37 states and two territories to engage in staking with popular digital assets such
In a striking move that has sent shockwaves throughout the cryptocurrency sector, Gemini, one of the leading cryptocurrency exchanges in the United States, has declared its intent to shun graduates and interns from the Massachusetts Institute of Technology (MIT). This unprecedented decision stems from MIT’s recent decision to reinstate Gary Gensler, the former U.S. Securities
The cryptocurrency ecosystem is constantly evolving, and recent data underscores a significant shift in market shares among centralized exchanges in 2024. While new players like Crypto.com are gaining traction, traditional stalwarts such as Binance and OKX are feeling the competitive pressure. This article delves into the latest trends observed in the centralized crypto exchange market
In a significant move towards regulatory compliance within Europe, Crypto.com has revealed plans to delist Tether’s USDT stablecoin by January 31. Alongside USDT, the crypto exchange will remove nine additional tokens, including Wrapped Bitcoin (WBTC), DAI, Pax Dollar (USDP), and several others. The forthcoming actions are part of Crypto.com’s strategy to align with the new
In a significant move for the cryptocurrency landscape, Coinbase has recently received the green light from Argentina’s National Securities Commission (CNV) to officially operate as a Virtual Asset Service Provider (VASP). This development, announced on January 28, reflects both a strategic expansion for Coinbase and a pivotal moment for the Argentinian populace, who increasingly view
On January 27, 2024, KuCoin, a prominent cryptocurrency exchange, reached a sobering settlement with the U.S. Department of Justice (DOJ), pleading guilty to operating without a licensed money-transmitting business. As part of this legal agreement, KuCoin is required to withdraw its services from the U.S. market for a period of two years and is liable
In recent years, the cryptocurrency landscape has been marked by a transformative explosion of growth and innovation. New tokens are being launched at an unprecedented rate, driven largely by advancements in blockchain technology. As a result, traditional methods of evaluating and listing these tokens have become increasingly inadequate. Brian Armstrong, CEO of Coinbase, has raised
In a recent update, Coinbase CEO Brian Armstrong announced that the popular cryptocurrency exchange has successfully addressed all pending transaction delays for Solana. This resolution was significant due to the rapidly growing frustration among users, stemming from slow transaction processing times that had plagued the platform. On January 22, Armstrong took to the social media
Recent discussions surrounding the CME Group indicate a potential introduction of futures contracts for two prominent cryptocurrencies: Solana (SOL) and XRP. This speculation was sparked by a social media post on January 22, where a user named Summers shared what appeared to be a screenshot of a testing page related to CME. The original information
