In a significant move that could reshape the competitive landscape of the cryptocurrency market, BiT Global, closely associated with Justin Sun, has launched a lawsuit against Coinbase, the largest cryptocurrency exchange in the United States. The court filing, dated December 13, sheds light on serious allegations directed at Coinbase regarding its handling of wrapped Bitcoin
Exchanges
GateToken, the flagship cryptocurrency associated with the Gate.io exchange, has recently witnessed remarkable price fluctuations. It peaked at an impressive $13.79, defying the backdrop of swirling rumors regarding a potential security breach. Although it subsequently dipped slightly to $13.29, the token’s ability to reach such heights suggests a resilient market response, likely driven by investor
In a recent report, Binance has solidified its lead in the cryptocurrency exchange market, showcasing a staggering customer deposit figure of $21.6 billion for the year 2024. This achievement not only underscores Binance’s dominance but also highlights the significant gap between it and its competitors. Data from DeFi Llama underscores this disparity, illustrating that Binance’s
On December 11, Coincheck Group stepped into a new realm by making its debut on the Nasdaq stock exchange, marking a notable milestone in the cryptocurrency landscape. This achievement comes on the heels of a merger with Thunder Bridge Capital that was formally completed earlier in the month. Announced on December 10, the merger received
In a noteworthy development within the cryptocurrency sector, Binance has solidified a strategic alliance with Circle, the prominent issuer of the USD Coin (USDC). This partnership, announced on December 11, underscores an ambitious initiative aimed at integrating USDC across Binance’s extensive suite of services. By enhancing accessibility and promoting the use of stablecoins, this collaboration
In an innovative move to enhance the institutional adoption of cryptocurrency, Coinbase’s recent initiative, Project Diamond, has integrated the Chainlink Standard. Announced on December 10, this partnership signifies a substantial step toward creating a robust infrastructure for digital assets, particularly focusing on institutional clients beyond the United States. The project’s management under Coinbase Asset Management
In a significant stride towards enhancing its global presence, Singapore’s Crypto.com has announced a partnership with Deutsche Bank aimed at refining its corporate banking services. This collaboration, revealed on December 10, illustrates Crypto.com’s proactive approach to streamlining its operations across pivotal markets such as Singapore, Australia, and Hong Kong. By leveraging Deutsche Bank’s extensive expertise
In the wake of heightened online fraud activity following the recent US presidential election, Coinbase has found itself at the center of a growing controversy regarding account restrictions. Recently, the cryptocurrency exchange took to social media, specifically the platform X (formerly Twitter), to address these concerns directly. In a December 8 post, Coinbase characterized the
On December 5, a significant advancement in the cryptocurrency compliance landscape was announced with the introduction of TRUSThub, a platform spearheaded by the Coinbase-led Travel Rule Universal Solution Technology (TRUST). This initiative aims to facilitate streamlined data sharing among Virtual Asset Service Providers (VASPs), addressing the pressing need for enhanced compliance mechanisms in the rapidly
Woori Technology, a prominent venture capital firm from South Korea, is reportedly contemplating the sale of its stake in Dunamu, the parent company of the country’s leading cryptocurrency exchange, Upbit. This potential divestiture illustrates the complexities of investment in the rapidly evolving cryptocurrency sector. Woori originally invested 5.5 billion KRW in Dunamu back in 2015,
