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Stablecoin Regulatory Proposal Gains Fresh Cross-Party Support Among Senators
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Stablecoin Regulatory Proposal Gains Fresh Cross-Party Support Among Senators

Crypto regulation advances as GENIUS Act gets fresh support and Wyoming nears stablecoin launch. Industry study projects 1,500% growth potential for stablecoins by 2030. Lawmakers across all parties are making efforts to restore the GENIUS Act, a stablecoin bill supported by the leading crypto market players. Last week, the legislators paused discussions on the bill

Bradley Nelson3 min read

Tether CEO Accuses Rival Stablecoins Issuers of Hindering USDT’s Growth
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Tether CEO Accuses Rival Stablecoin Issuers of Hindering USDT’s Growth

Tether remains the most popular stablecoin for remittances and banking access in growing regions. Paolo Ardoino, the CEO of Tether, has accused competitor stablecoin issuers of restricting USDT’s expansion through regulatory pressure. He criticized rivals for using legal means to prevent Tether from accessing US Treasury securities. The debate started when US lawmakers suggested new

Bradley Nelson3 min read

OKX Crypto Exchange to Pay $504M In Settlement After Pleading Guilty to Law Violations
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OKX Crypto Exchange to Pay $504M In Settlement After Pleading Guilty to Law Violations

The crypto exchange made it simpler for criminals to transfer money covertly by disregarding anti-money laundering regulations. OKX Crypto Exchange Disregarded America’s Regulations OKX, one of the biggest cryptocurrency platforms in the world, has acknowledged violating US regulations regarding financial crimes. The crypto exchange pleaded guilty to operating without the required license and disr

Bradley Nelson3 min read

Coinbase Q4 Earnings Beat Estimates by 23%, Revenue Soars 88% Quarter-over-Quarter
Analysis

Coinbase Q4 Earnings Beat Estimates by 23%, Revenue Soars 88% Q-over-Q

Coinbase exchange’s Q4 report showed earnings 23% higher than predicted. Its CEO said the company is making a 10-year growth plan. Coinbase’s (COIN) Q4 2024 earnings announcement greatly exceeded investor expectations. In Q4, the cryptocurrency company reported revenue of $2.3 billion, 23% more than anticipated. Coinbase’s trade volume also reached $439 billion, an 185% increase

Bradley Nelson3 min read

Coinbase to Laying off 20% of its workforce
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Coinbase to Laying off 20% of its workforce

Nasdaq-listed Coinbase Global Inc restructuring plans feature a 20% headcount reduction in an attempt to navigate the bear market. The American crypto exchange emphasizes that laying off 950 employees will minimize operational costs, thereby improving its operating efficiency amidst the prolonged bear market. Second Wave Layoff The January 10 announcement by Coinbase chief executive Brian

Stephen Causby2 min read