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The recent news surrounding the Swiss-based decentralized trading platform dYdX has sent ripples through the crypto community. The announcement of a 35% workforce reduction underlines the pressing challenges faced by the exchange, raising questions on strategic directions and market positioning. CEO Antonio Juliano’s communication regarding this layoff indicates a critical reflection not only on the
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In the rapidly evolving landscape of cryptocurrency exchange, Binance has made a notable announcement about its collaboration with Amazon Web Services (AWS) to enhance its platform. This strategic partnership, revealed in a recent statement on October 31, marks Binance’s commitment to interweaving advanced technology with blockchain capabilities. By embracing AWS’s cutting-edge generative AI and cloud
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On October 30, Kraken, one of the leading cryptocurrency exchanges, announced a significant restructuring that included layoffs as part of a broader initiative to hone its operational focus. This move, which has been described as “organizational changes,” is expected to affect approximately 15% of the exchange’s workforce, as confirmed by sources close to the situation.
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On October 29, 2023, Visa, the prominent international credit card network, made headlines by announcing a partnership with Coinbase aimed at enabling real-time transactions between traditional banking systems and cryptocurrency services. This collaboration is set to benefit Coinbase customers in both the United States and the European Union, enhancing convenience and providing new services that
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In a significant development within the blockchain ecosystem, Circle, a pioneering issuer of stablecoins, announced a strategic collaboration with HKT, a notable player in the technology, media, and telecommunications sectors. This partnership aims to delve into the potential of blockchain technology to revolutionize customer loyalty programs, particularly tailored to the unique merchant landscape of Hong
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In a significant stride towards modernizing the paradigm of cross-border transactions, the Bank for International Settlements (BIS) has announced its collaboration with several central banks, including those of Australia, Korea, Malaysia, and Singapore. This initiative, known as Project Mandala, aims to address critical regulatory challenges that plague international financial interactions. As global trade flourishes, the
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In the ever-evolving landscape of cryptocurrency, Bitcoin remains the focal point of trader and investor interest, especially as it approaches the historic price apex of $73,811. Recent price movements indicate a notable bullish momentum that has reinvigorated enthusiasm among stakeholders in the digital asset community. After a promising recovery from a low of $65,082, Bitcoin
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The recent announcement by Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, reveals a significant milestone in the realm of digital finance. On October 29, Gemini disclosed that it has obtained in-principle approval from the Monetary Authority of Singapore (MAS) to provide services related to cross-border money transfers and digital payment tokens. This strategic
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