Business

Kraken Sheds ‘Hundreds’ of Jobs to Streamline Business Ahead of IPO, Sources Say

Crypto exchange giant Kraken has laid off hundreds of staffers across all areas of the business over the past several months, as the firm continues to streamline its operations ahead of a potential public listing in the U.S., according to two people …

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Struggle for Stablecoin Dominance Set to Enter Third Round, Fireblocks Says

The competition for stablecoin dominance is entering a third phase and companies such as Tether, issuer of the largest token, and Circle, the No. 2, are setting up their positions as the industry faces increased regulation in the form of the European …

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Congressional Republicans in Hot Pursuit of Biden-Era’s Crypto Debanking

The House Oversight and the Senate Banking committees are probing accusations that U.S. regulators blocked crypto insiders from banking.

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