Author: James Wilson
In a sign of the times, Gemini, the crypto exchange founded by billionaires Tyler and Cameron Winklevoss, is making significant cutbacks. Summary Gemini will lay off up to 200 employees and shut down services in the UK, EU, and Australia amid a downturn in the crypto market and ongoing struggles to gain market share. Despite the challenges, Gemini is focusing on gambling: Gemini Predictions. The new prediction market platform has processed over $24 million in volume since its launch in December 2025, aiming for future growth. The company is reportedly slashing up to 25% of its workforce and shutting down…
BitRiver, Russia’s largest bitcoin mining operator, is facing bankruptcy after a court initiated insolvency proceedings over unpaid debts. Summary BitRiver is undergoing bankruptcy proceedings after a court-initiated insolvency due to unpaid service fees. Russia’s largest bitcoin mining operator has been severely impacted by mounting power-related debts. The company’s future remains uncertain as energy suppliers suspend electricity delivery, leading to reduced mining output. A Russian arbitration court opened insolvency proceedings after creditors filed claims relating to unpaid service fees, power supply contracts, and data center operations. Creditors argued that repeated payment delays left them with limited recovery options, according to reports…
The NFT market recorded $74.88 million in sales volume over the past week, plunging 38.25% from the previous period. Summary NFT weekly sales plunged 38% to $74.88M even as market participation rose. Ethereum led NFTs with $46.9M in sales despite a sharp weekly decline. Bitcoin NFTs collapsed 71% as broader crypto prices slid lower. NFT buyers climbed 29.75% to 242,824, while sellers jumped 32.02% to 217,181. Transaction volume increased 8.29% to 726,723. At the same time, Bitcoin (BTC) has plummeted to the $83,000 level, while Ethereum (ETH) has fallen below the $2,700 mark. The global crypto market cap now stands…
MiCA is fully in force, but the European Securities and Markets Authority (ESMA) and national regulators are warning that crypto asset service providers operating without authorization must either secure licenses or wind down as transitional periods expire into 2026. Under MiCA, licensed exchanges face capital, asset segregation, disclosure, and governance requirements that materially raise the cost of doing business. To learn more, crypto.news spoke with KuCoin CEO BC Wong on the heels of KuCoin’s recent press conference in Vienna, as well as its EU VIP Gala on Jan. 28. CN: How does KuCoin view competitive dynamics in Europe over the…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Zero Knowledge Proof invests $100m in infrastructure first, offering a fully operational privacy-focused Layer 1 blockchain. Summary Zero Knowledge Proof (ZKP) flips the usual crypto model, investing $100m to build infrastructure before any public token sale. With live testnets and deployed Proof Pods, ZKP offers a fully operational network to presale participants. Transparent 24-hour auctions and real hardware make ZKP a rare project with tangible, long-term value. Unlike most crypto projects that raise funds first and build later, Zero…
Silver is leaving cryptocurrencies in the dust, delivering a brutal reversal for the “digital gold” trade as investors pile into physical assets amid trade war fears and geopolitical uncertainty. Summary Silver surged more than 8% on Monday to a record above $110 an ounce. XRP has fallen from roughly 0.10 ounces of silver per token in July 2025 to just over 0.02 today, an 80% drop in seven months. The rally in precious metals has been fueled by intensifying global uncertainty. Silver surged more than 8% on Monday to a record above $110 an ounce, extending a rally that has…
Japan is edging closer to approving spot cryptocurrency exchange-traded funds, with regulators signaling that the first products could be cleared for listing as early as 2028. Summary Japan plans to allow spot crypto ETFs as early as 2028, pending regulatory changes. Major financial groups are positioning to launch the first products. Policy reforms and rising investor demand are accelerating the timeline. A report published by Nikkei Asia on Jan. 26 said the Financial Services Agency plans to add cryptocurrencies to the list of assets eligible for ETF products. If approved, the change would allow funds holding Bitcoin (BTC) and other…