Coinbase CEO Brian Armstrong talked about the company’s plans to expand to 83% of G-20 countries and expressed optimism about U.S. regulations. He also mentioned that Coinbase is the custodian for several Bitcoin ETF applications. Coinbase CEO Brian Armstrong recently talked about the company’s global plans on CNBC’s Power Lunch. He mentioned that 83% of…
According to the report, the top eight exchanges have a combined 91.7% control over market depth. Binance leads the crypto market with a 30.7% market depth, and Kaiko noted that this increase is partly due to the exchange’s zero-fee trading promotion. A recent report from data analytics company Kaiko has shed light on the concentration…
Faruk Fatih Ozer was given a verdict on Thursday by a court in Istanbul. He was found guilty of various crimes, including fraud and money laundering, as reported by Bloomberg. The founder of Thodex, a cryptocurrency exchange in Turkey that went out of business, has been sentenced to an astonishing 11,196 years in prison by…
India’s digital currency exchange, CoinSwitch, is cutting its workforce by 8% as it explores ways to adapt to current market conditions. The job cuts primarily affected employees in customer support roles, where the exchange saw redundancy. A total of 44 individuals were affected, and CoinSwitch claims that these employees voluntarily resigned after discussions with management….
Coinbase plans to list PYUSD, a stablecoin from PayPal, following the trend of other crypto exchanges. The trading of PYUSD is scheduled to start on August 31. Coinbase, a prominent cryptocurrency exchange, is adding support for the newly launched stablecoin PYUSD by PayPal. The exchange announced that trading for PYUSD will commence on or after…
Bitget is launching a new awards program called the Bitget Smart Awards. The awards will recognize outstanding achievements in key on-chain activities that are shaping the future of the decentralized world. There are two categories of awards: Smart Money Awards and Hero Trader Awards. The Smart Money Awards will go to people who have demonstrated exceptional…
The biggest cryptocurrency exchange in the world, Binance, is reviewing its operations in Russia. A representative from Binance shared this information with the Wall Street Journal. Binance, which is the biggest exchange for cryptocurrencies globally, is taking a new look at its operations in Russia due to legal concerns in the country. The Wall Street…
Around 40% of all the Bitcoin that exists has stayed still for over three years, according to a report from Bitfinex this week. People who hold onto Bitcoin for a long time are still getting more and keeping it for even longer. This shows that they’re feeling good about it, says the report. The Bitfinex…
Indian crypto exchange CoinSwitch trims 7% workforce due to lower customer queries. Similar industry trend with CoinDCX’s 12% layoffs citing market challenges. CoinSwitch plans to rehire affected workers later. CoinSwitch, which is a company in India that lets people trade cryptocurrencies, had to let go of 44 workers from its customer support team. This is…
Recent investigations reveal that Robinhood possesses the third-largest Bitcoin wallet, containing roughly $3 billion worth of BTC. This amount is a small part of the $11.5 billion worth of cryptocurrencies it keeps safe for its users. Around August 27, a report from Arkham Intelligence stated that Robinhood is believed to have more than $3 billion…