January, 2024

January, 2024

Block lays off over a thousand employees from Cash App, Foundational, and Square
Dorsey had previously warned employees to expect staffing reductions, indicating Block would cap its headcount to around 12,000....

Tether reports almost $3 billion in quarterly profits boosted by Bitcoin and gold
The company holds over $97 billion in consolidated assets, with 90% in cash and cash equivalents, which are used to back USDT....

Binance extends its dominance on the spot market in 2023: CoinGecko
Despite the regulatory pressure seen in 2023, Binances market share went over 50% last year, with a huge lead over the second place....

Ripple co-founder’s personal wallets hacked, $112 million XRP stolen
Ripple co-founder Chris Larsen has fallen victim to a recent hack that drained $112 million worth of XRP tokens from his wallets....

Solana’s JUP surpass $450 million trading volume in less than six hours
Despite the significant volume, the token is trapped within a price range that remains even after its listing on major centralized exchanges....

Celsius exits bankruptcy, begins distributing over $3 billion to creditors
Celsius is now winding down operations and discontinuing its mobile and web platforms to manage crypto loans and savings accounts....

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