Prediction market platform Polymarket has made several high-profile hires and restructured its marketing team amid a Commodity Futures Trading Commission (CFTC) investigation into misleading marketing practices. The company appointed Travis VanderZanden, former Bird founder, as chief growth officer to lead marketing and growth efforts. Polymarket also brought in experienced compliance and regulatory officers from Robinhood and Coinbase to strengthen its U.S. exchange, which launched in May. These moves come as Polymarket prepares for increased trading volumes expected during the NFL season and midterm elections later this year.
The US Treasury's Financial Crimes Enforcement Network (FinCEN) withdrew two proposed rules that would have required banks and exchanges to report users involved in crypto mixing and self-custody wallet transactions. This move is seen as a significan...
Over the past year, Coinbase stock fell 51% while Bitcoin dropped 30%, showing Bitcoin as the better-performing crypto investment. Over five years, Bitcoin gained about 67%, whereas Coinbase shares declined 21%. Coinbase's stock is more volatile due ...
Visa, Mastercard, Stripe, and Coinbase have jointly committed $1 billion to launch Open USD, a new stablecoin designed to share reserve income with partners rather than keeping it all. Open USD aims to compete with established stablecoins like Tether...
Coinbase shares have fallen nearly 40% from their peak as CEO Brian Armstrong transforms the company into an "everything exchange," reducing reliance on Bitcoin-related revenue from over 50% to 12%. Despite recent earnings misses and a cautious Wall ...
