BlackRock, a renowned asset management firm, recently announced its selection of Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). The fund aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets in the form of new
Exchanges
Recently, crypto exchange OKX made the decision to delist Tether (USDT) pairs in the EU, opting instead to support USDC and Euro-based stablecoin pairs. This move, as communicated to a customer on March 18, is said to be a response to the draft technical standards released by the EU that are set to take effect
Binance recently made a statement regarding its operations in Nigeria, stating that the country is not one of its top markets. This comes in the midst of a conflict with local authorities over allegations of manipulating the local fiat currency. The dispute escalated to the point where two senior executives from the exchange were detained.
Crypto.com, a prominent crypto trading platform, has recently faced a hefty fine of €2.85 million from the Netherlands Central Bank for operating within the European country without proper registration for two years. The Dutch regulations stipulate that crypto firms must register with De Nederlandsche Bank (DNB) under the Anti-money Laundering and Anti-Terrorist Financing Act to
The Nigerian government recently made headlines by obtaining a court warrant to detain Binance officials for a minimum of twelve days. This move came after the officials insisted on being taken to their respective countries’ embassies, further escalating the situation. The government’s accusations against Binance include aggravating the country’s foreign exchange challenges by manipulating rates
The relationship between Coinbase and the Securities and Exchange Commission (SEC) has hit a roadblock, with Coinbase strongly criticizing the SEC’s rejection of its rulemaking petition as “arbitrary and capricious.” This critique was put forth in a petition filed by Coinbase before the US Court of Appeals for the Third Circuit on Mar. 11. The
Coinbase, a prominent US-based cryptocurrency exchange, has experienced a substantial increase in its market share recently. This growth can be attributed to the launch of multiple spot Bitcoin exchange-traded funds (ETFs) in January. As a result of this surge, analysts at Goldman Sachs have decided to upgrade their rating on Coinbase shares from selling to
The cryptocurrency market experienced a surge in trading volume as Bitcoin reached an all-time high in November 2021, breaking through $69,000. However, this achievement was short-lived as Bitcoin quickly corrected by 14%, dropping its price to $59,300. Despite regaining some lost ground the next day, Bitcoin struggled to stabilize at $66,000, showcasing the market’s intense
Binance, a major cryptocurrency exchange platform, has recently announced the discontinuation of all services related to the Nigerian local fiat currency, Naira (NGN). This decision will have a significant impact on Nigerian users, as they will no longer be able to access services such as deposits, withdrawals, conversions, spot trading, P2P, Auto-invest, and Binance Pay.
Recently, cryptocurrency exchange Coinbase encountered a recurring issue where some users were faced with an empty account balance. This problem arose on both March 4 and February 28, causing inconvenience to users and disrupting trading activities. The first incident on February 28 led to users experiencing zero balances in their accounts and an inability to
