In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have requested a 60-day halt in their ongoing litigation. This decision, conveyed in a filing on February 10, stems from the SEC’s establishment of a new crypto task force under the leadership of Acting Chair Mark Uyeda. Both
Exchanges
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is reportedly considering an initial public offering (IPO) soon, as indicated by sources familiar with the situation. While discussions around this potential listing are ongoing, it remains uncertain whether a final decision will be reached imminently. The possibility of Gemini transitioning to a public entity highlights
WazirX, once the crown jewel of India’s cryptocurrency exchanges, currently finds itself teetering on the edge of collapse following a catastrophic security breach. With the potential resolution options facing its creditors now laid bare, the choice to accept a proposed restructuring plan or risk facing prolonged liquidation looms large. The stakes in this decision could
The ongoing saga of FTX, once one of the leading cryptocurrency exchanges, continues to unfold, as the courts take steps to address the fallout from its catastrophic downfall. As the cryptocurrency world anxiously watches, FTX has revealed plans to distribute funds to its smaller creditors starting on February 18, marking a pivotal point in its
Recent findings from an investigation led by on-chain analyst ZachXBT have illuminated a troubling reality for Coinbase users: they collectively lose upwards of $300 million each year due to social engineering scams. As cryptocurrency navigates through its volatile landscape, an increasing number of users have reported abrupt restrictions on their accounts, prompting concerns about the
In the ever-evolving landscape of cryptocurrency trading, the phenomenon of market liquidations is both crucial and complex. Typically triggered when traders are unable to maintain leveraged positions due to insufficient funds, liquidations serve as a barometer of market health, sentiment, and the degree of risk exposure. Recent claims regarding the scale of liquidations in the
Kraken, a prominent player in the cryptocurrency exchange sector, has taken a significant step towards bolstering its operations in Europe by securing a Markets in Financial Instruments Directive (MiFID) license. This strategic move, announced on February 3, sets the stage for Kraken to enhance its regulated derivatives offerings across essential EU markets. Specifically, the license
In 2024, Kraken truly made waves in the cryptocurrency exchange arena by achieving a staggering $1.5 billion in revenue. This figure represents a phenomenal 128% year-over-year increase, showcasing the platform’s remarkable trajectory amidst an evolving market landscape. The exchange’s revenue growth is not merely a result of increased trading activity; it reflects a strong business
Kraken, a prominent player in the cryptocurrency exchange landscape, has made headlines with its recent announcement of a revamped onchain staking product for U.S. clients. This launch signifies a crucial reintegration of staking services in selected states following significant regulatory challenges. With a product available to users in 37 states and two U.S. territories, Kraken
In an unexpected move, cryptocurrency exchange Gemini has publicly declared its decision to refrain from hiring graduates and interns from the Massachusetts Institute of Technology (MIT). This announcement comes as a reaction to MIT’s renewed association with Gary Gensler, the former Chair of the U.S. Securities and Exchange Commission (SEC). Tyler Winklevoss, co-founder of Gemini,
