Latest from Helene Braun
Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
Crypto Exchange KuCoin to 'Adjust Some Personnel as Needed', but Denies Report of Major Layoffs
A report circulated on Twitter on Tuesday that the exchange plans to eliminate 30% of its workforce amid declining profit.
Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar
While FedNow is currently not tied to any initiative for a digital U.S. dollar or the crypto space in general, experts warn that the system might end up as a precursor to the infrastructure for a central bank digital currency.
Coinbase to Wind Down Lending Program Over Coming Months
The exchange is requiring Coinbase Borrow customers with outstanding loan balances to pay them back by November 20.
Prime Trust Put Into Receivership Amid Shortfall in Funds, Charges It Misused Customer Money
The company is in an “unsafe or unsound condition” to conduct business, a filing with Nevada’s Department of Business and Industry Financial Institutions Division stated.
Barclays Joins Wall Street Analysts Calling XRP Ruling Positive for Coinbase
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
Binance Slashes Worker Benefits as Profit Falls: WSJ
Just last week, it was reported that Binance has cut more than 1,000 employees around the world.
Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says JMP Securities
The fight for regulatory clarity isn’t over yet, however, as the SEC will likely appeal the decision and continue to pursue similar cases in the future, analysts wrote.
Binance Has Cut 1,000 Workers in Recent Weeks: WSJ
The layoffs were happening globally as the exchange deals with regulatory challenges and ongoing investigations.
Bitcoin and Crypto Stocks Like Coinbase Soar as XRP Ruling Bolsters Optimism
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
