Binance has embarked on a significant hiring initiative for 2024. With the aim of enhancing its compliance efforts, the company plans to recruit 1,000 new employees, bringing its total workforce to over 6,000. This move underscores Binance’s commitment to meeting…
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Binance Security Recovers $73 Million in Stolen Cryptocurrency
In the rapidly evolving world of digital finance, security remains a critical focus, particularly for leading cryptocurrency exchanges like Binance. As the industry continues to expand, so do the associated risks and challenges. Binance, a dominant player in the crypto…
Coinbase Shares Rise After Court Favors Ripple Over SEC
Coinbase Inc., has experienced a significant surge in its stock price following a pivotal federal court ruling. The decision, which ordered Ripple Labs Inc. to pay a substantially reduced penalty compared to what the US Securities and Exchange Commission (SEC)…
Coinbase Aims to End Six-Day Slide Amid Market Recovery
Coinbase has recently experienced significant fluctuations in its stock price. Following a six-day losing streak, the stock is poised for a rebound as market averages recover from a global sell-off. In this article, we will explore the recent performance of…
Coinbase Reports Profit with Revenue Doubling in Q2
Coinbase Global Inc., the leading US cryptocurrency exchange, has showcased remarkable financial performance in the second quarter of the year, driven by the ongoing recovery in the cryptocurrency market. This article delves into the financial details, revenue streams, and strategic…
Coinbase faces challenges and opportunities in Q2 results
Coinbase Global Inc. is navigating a challenging landscape as it prepares to release its second-quarter results. Despite expectations for significant revenue growth and a jump in profit, the largest US cryptocurrency exchange faces hurdles due to a drop in market…
Coinbase Unit Fined £3.5 Million for Compliance Failures by FCA
A unit of Coinbase Global Inc., CB Payments Limited, was fined £3.5 million ($4.5 million) by the UK’s Financial Conduct Authority (FCA) for offering cryptoasset trading services to high-risk customers. This marks the first action of its kind from the…
Kraken Expands Custody Services to UK and Australia
Kraken, a prominent cryptocurrency exchange, has made significant strides in expanding its custody services to cater to institutional clients in the UK and Australia. This strategic move builds on the successful launch of Kraken Custody in the U.S. earlier this…
Coinbase Selected by US Marshals Service for Digital Asset Management
After an exhaustive evaluation process, the U.S. Marshals Service (USMS), a pivotal division within the U.S. Department of Justice, has chosen Coinbase Prime as its exclusive partner for managing and trading “Class 1” (large cap) digital assets. This partnership underscores…
Sony Enters Crypto with Amber Japan Acquisition and S.BLOX
In a strategic move to enter the cryptocurrency exchange market, Sony, through its subsidiary Quetta Web, acquired Amber Japan in 2023. Amber Japan, formerly known as DeCurret, was rebranded by Amber Group, a Singapore-based entity, in 2022. With this acquisition,…