In a recent notification to its users, crypto exchange Gemini has revealed its intention to terminate its operations in Canada by the close of 2024. This announcement, conveyed through an email dated September 30, 2023, signifies the impending closure of all user accounts, with a grace period until the end of the year for customers
Exchanges
In a significant move reflecting the evolving regulatory landscape, Kraken, one of the largest cryptocurrency exchanges, announced it will end support for Monero (XMR) in the European Economic Area (EEA) by the end of October 2024. This decision, disclosed in an official statement on October 1, is not merely an operational adjustment; it underscores the
In a significant move for South Korea’s cryptocurrency landscape, Bithumb, the nation’s second-largest crypto exchange, is gearing up for a potential public listing in the United States. Announced during a shareholders meeting on September 30, the exchange expressed its ambition to target a Nasdaq listing by the latter half of 2025. This forward-thinking strategy marks
In the ever-evolving landscape of cryptocurrency, Ethena Labs is making headlines with its innovative approach to creating and expanding the utility of the synthetic dollar, USDe. The rapid growth of decentralized finance (DeFi) has necessitated the development of new tools and platforms, and Ethena is poised to contribute significantly to this space. By proposing a
The recent sentencing of Caroline Ellison, the former CEO of Alameda Research, marks a pivotal moment in the ongoing saga surrounding the collapse of FTX. Sentenced to two years in prison and ordered to forfeit an astonishing $11 billion, Ellison’s case not only embodies individual accountability but also raises vital questions about ethical practices in
In July, WazirX, a prominent Indian cryptocurrency exchange, found itself in a financial quagmire after a staggering $230 million hack. This unfortunate event not only jeopardized the assets of countless users but also threw the exchange into a state of turmoil, prompting immediate strategic measures for recovery. In a bid to stave off the mounting
The world of cryptocurrencies continues to expand, and with it, the number of exchanges where traders and investors can buy, sell, and exchange digital assets. As the landscape gets more intricate and diverse, choosing the right platform is vital. It could mean the difference between making impactful gains or incurring significant losses. In this article,
The crypto landscape has seen disparate growth rates across the globe, with various nations exhibiting unique patterns in transaction sizes and investor activities. The United Arab Emirates (UAE) stands out as a remarkable exception to this trend. According to a compelling report from Chainalysis, the UAE has achieved noteworthy growth across all transaction size brackets,
In July, WazirX, one of India’s largest cryptocurrency exchanges, became the target of a monumental hack, resulting in the loss of approximately $230 million. The magnitude of this breach was staggering, comprising over 45% of the exchange’s reserves. Such an incident highlights the pressing vulnerabilities that plague digital asset platforms—an area where trust is pivotal.
BNY Mellon’s recent decision to venture into the crypto custody market represents a pivotal shift in the financial landscape, particularly regarding Bitcoin and Ethereum exchange-traded funds (ETFs). On September 24, Bloomberg News reported that the bank received a significant exemption from the SEC’s Staff Accounting Bulletin 121 (SAB 121). This exemption fundamentally alters how the