The cryptocurrency landscape is constantly evolving, with players maneuvering for market leadership in an environment characterized by fierce competition and rapid innovation. Dec. 13 marked a significant turning point in this narrative as BiT Global, a crypto custodian affiliated with Justin Sun, initiated legal proceedings against Coinbase. This lawsuit encapsulates not only a clash between
Exchanges
In a surprising turn of events, GateToken, the native currency of the Gate.io exchange, has defied market skepticism fueled by rumors of a possible security breach. Amidst a turbulent environment characterized by speculation and fear-mongering across social media platforms, GateToken reached an impressive peak of $13.79 before stabilizing at approximately $13.29. This resilience highlights not
In the fast-evolving landscape of cryptocurrency exchanges, Binance has firmly established itself as a dominant force, reporting a staggering $21.6 billion in customer deposits for the year 2024. This remarkable figure not only highlights Binance’s robust growth but also cements its position as the world’s leading crypto exchange by a significant margin. Recent data from
On December 11, Coincheck Group achieved a significant milestone by officially listing on the Nasdaq stock exchange following its successful merger with Thunder Bridge Capital. This strategic initiative, finalized earlier in the month, marks a transformative moment not only for Coincheck but for the broader cryptocurrency market in the United States. The approval from Thunder
In a significant move towards enhancing the cryptocurrency ecosystem, Binance and Circle have announced a strategic partnership aimed at integrating USD Coin (USDC) across Binance’s vast network of services. This collaboration, revealed on December 11, seeks not only to bolster the adoption of USDC but also to position it as a crucial component of Binance’s
Coinbase, a leading player in the cryptocurrency exchange arena, has unveiled its ambitious initiative, Project Diamond, designed to galvanize institutional adoption of digital assets. As the cryptocurrency landscape matures, Project Diamond aims to bridge gaps in accessibility and compliance, positioning itself as a sophisticated platform that caters specifically to institutional investors operating beyond the United
In a landmark move that signifies the growing integration of traditional finance and the cryptocurrency sector, Singapore-based Crypto.com has unveiled a partnership with Deutsche Bank. Announced on December 10, this collaboration is poised to elevate Crypto.com’s corporate banking capabilities, which is a crucial step in its mission to expand globally. By focusing on key markets
In the wake of heightened activity sparked by the recent US presidential election, Coinbase, one of the leading cryptocurrency exchanges, has found itself in hot water due to allegations surrounding account restrictions. On December 8, the company took to social media to dismiss these allegations, labeling them as misinformation and “fear, uncertainty, and doubt” (FUD).
In a landscape marked by rapid digitization and regulatory scrutiny, the cryptocurrency industry faces increasing pressure to comply with international standards. Answering this need is TRUSThub, a groundbreaking platform launched by the Coinbase-led Travel Rule Universal Solution Technology (TRUST). Announced on December 5, TRUSThub aims to transform the way Virtual Asset Service Providers (VASPs) manage
Woori Technology, a prominent venture capital firm in South Korea, is currently contemplating the sale of its equity stake in Dunamu, the parent organization of the Upbit cryptocurrency exchange. Upbit holds the distinction of being the largest crypto trading platform in South Korea, thus making any changes in ownership structure particularly noteworthy. The announcement comes