A representative for Gemini, a cryptocurrency exchange, confirmed on Monday that the company will be laying off 10% of its workforce. Gemini, which was co-founded by the Winklevoss twins, is subject to New York banking regulations. And has had to make at least three rounds of layoffs in less than
Coinbase will soon add three new tokens to the listing roadmap for their cryptocurrency exchange. The exchange’s main intent of serving as a bridge to Web3 has been accompanied by this announcement. Three further altcoins have been added to the crypto exchange’s catalog of tradable items. The recently introduced cryptocurrencies
The largest cryptocurrency exchange in the world, Binance, stated over the weekend that its fiat partner Signature Bank will no longer be processing transactions for amounts less than $100,000. The bank’s move comes as it seeks to reduce its exposure to the cryptocurrency sector. The recent market instability after the
In 2023, Binance Charity, the company’s charity arm, plans to provide 30k scholarships. To deserving students who are interested in pursuing careers in the Web3 industry. In a blog post dated January 20th. Binance Charity revealed that the Binance Charity Scholar Program (BCSP) will provide free Web3 education. And training
Surprisingly, the blockchain showed a transaction from Justin Sun’s Tron DAO. A Tron DAO wallet sent $180M to the Binance exchange a few hours ago. Given the timeframe, the market impact might occur soon. Users have speculated about the possibility of forthcoming purchasing activity on the market despite the fact
Ukraine’s financial intelligence agency, the State Financial Monitoring Service (SFMS), has released a special report detailing the outcomes of its work in 2022. The agency said that it has helped with the country’s military effort during the continuing battle with Russia, in addition to its peacetime responsibilities like countering money
On Friday, credit rating agency Moody’s said that it has reduced Coinbase’s (COIN) credit rating and guaranteed senior unsecured notes due to the company’s significantly diminished revenue and cash flow production capabilities. The long-term rating that represents the possibility of default on a business family’s debt, known as the corporate
Omar Sultan Al Olama, minister of the digital economy in the United Arab Emirates, has said that the Virtual Assets Regulatory Authority (VARA), the country’s virtual assets regulator, has not awarded any operational licenses as of yet. Al Olama allegedly said during the WEF that neither Binance nor FTX, nor
With the announcement of the Robinhood Wallet’s release yesterday, Robinhood has officially entered the cryptocurrency wallet market. This is mobile software that allows users to trade and transfer digital assets such as cryptocurrencies and NFTs. The wallet’s other capabilities include the ability to make cryptocurrency exchanges without incurring any network
Former FTX president Brett Harrison, who left the firm in September 2022, has launched a new endeavor to entice traditional financial institutions to join the field of decentralized finance (DeFi). After the former president of FTX US, Harrison, detailed his departure from the firm and his strained relationship with co-founder,
