In a stellar year for cryptocurrency exchanges, Kraken has recently revealed that its revenue for 2024 soared to an impressive $1.5 billion, marking a significant 128% increase compared to the previous year. This remarkable feat underscores Kraken’s ability to navigate the volatile crypto market while capitalizing on growing customer demand. The financial release highlights that
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In a noteworthy development for the cryptocurrency landscape, Kraken has unveiled its new onchain staking product specifically designed for American users. This initiative marks an important re-entry into the staking arena following a challenging period characterized by regulatory challenges and scrutiny. As of January 30, Kraken’s updated offering allows clients across 37 states and two
In a striking move that underscores the growing tensions between the cryptocurrency sector and regulatory bodies, Gemini, a prominent crypto exchange co-founded by Tyler and Cameron Winklevoss, has implemented a hiring ban on graduates from the Massachusetts Institute of Technology (MIT). This decision comes in light of MIT’s recent reaffiliation with Gary Gensler, the former
With the cryptocurrency space continuously evolving, the centralized exchange market witnessed significant changes throughout 2024, as articulated in a recent CCData report. The market dynamics not only highlight the struggles of prominent players such as Binance and OKX but also underscore the remarkable emergence of Crypto.com. Crypto.com has notably expanded its market share, ascending to
Amidst the continuously evolving world of cryptocurrency, compliance with regulations has become a critical focus, particularly in the European Economic Area (EEA). In a recent development, Crypto.com has announced the delisting of Tether’s USDT stablecoin along with nine other tokens by January 31, marking a significant shift in its operational strategy. As European authorities ramp
In a significant development, Coinbase has secured the necessary approvals to launch its cryptocurrency platform in Argentina, a move that signals the growing acceptance of digital currencies in the region. The registration as a Virtual Asset Service Provider (VASP) with Argentina’s National Securities Commission (CNV) marks a pivotal step for Coinbase, as detailed in their
On January 27, 2024, KuCoin, a prominent cryptocurrency exchange, entered a guilty plea regarding its operations as an unlicensed money-transmitting business. This plea came as part of a settlement with the U.S. Department of Justice (DOJ), emphasizing the exchange’s deficiencies in regulatory adherence. The case underscores the increasing scrutiny on cryptocurrency platforms, particularly about their
The cryptocurrency sector has witnessed exponential growth over recent years, leading to a vast influx of new tokens, innovations, and decentralized applications. At the forefront of this evolutionary surge is Coinbase CEO Brian Armstrong, who has expressed significant concerns regarding the existing processes for token listing. In a recent social media discourse, he emphasized that
Amid escalating frustrations from users about transaction delays on Solana, Coinbase CEO Brian Armstrong took to social media to announce significant progress. On January 22, he confirmed that the longstanding backlog of Solana transactions has been resolved, assuring users that the exchange is equipped to handle transactions more efficiently. This development comes in the wake
Recent conversations in the cryptocurrency market have been sparked by rumors that the CME Group may be on the brink of launching futures contracts for notable cryptocurrencies Solana (SOL) and XRP. These claims emerged on January 22, primarily fuelled by an alleged screenshot shared by a user on the platform X, implying that the CME
