The cryptocurrency market thrives on innovation and competition, but recent developments indicate a growing concern over monopoly practices within the space. BiT Global, linked to crypto entrepreneur Justin Sun, has initiated legal action against crypto behemoth Coinbase, the leading U.S. exchange. The lawsuit, filed on December 13, alleges that Coinbase’s decision to delist Wrapped Bitcoin
Exchanges
The recent rise of GateToken, the native cryptocurrency of the Gate.io exchange, has been nothing short of spectacular. Achieving a staggering all-time high of $13.79, the token continued to maintain a solid position around $13.29, even in the face of troubling rumors regarding a potential security breach. This upward momentum signifies not only investor confidence
In a significant achievement for the cryptocurrency landscape, Binance has reinforced its status as the premier crypto exchange in 2024. A recent report indicated that the platform’s customer deposits have reached a staggering $21.6 billion, illustrating its lead over competitors. This impressive figure is not just marginally higher; it eclipses the combined total of the
The cryptocurrency landscape has witnessed a significant evolution in recent years, and Coincheck Group’s entry into the Nasdaq is a testament to this ongoing transformation. On December 11, 2023, Coincheck, the parent company of one of Japan’s leading crypto exchanges, officially began trading on the Nasdaq stock exchange. This momentous occasion is the culmination of
In an exciting development within the cryptocurrency landscape, Binance, the largest cryptocurrency exchange by trading volume, has forged a strategic partnership with Circle. The objective of this collaboration is to integrate USD Coin (USDC) throughout Binance’s suite of services, aiming not only to enhance accessibility for its users but also to bolster the adoption of
In a significant development for the cryptocurrency space, Coinbase’s Project Diamond is taking strides toward enhancing institutional adoption of digital assets. Announced on December 10, this initiative aims to cater primarily to institutional clients outside the United States. By integrating the esteemed Chainlink Standard, Project Diamond is set to offer a robust framework that ensures
In a significant development for the cryptocurrency sector, Singapore-based Crypto.com has announced a strategic partnership with Deutsche Bank to bolster its corporate banking capabilities. This collaboration, revealed on December 10, represents a vital step in Crypto.com’s mission to enhance its operational efficacy and broaden its presence on the global stage. By focusing on key markets
Coinbase, one of the leading cryptocurrency exchanges, has recently faced scrutiny following a surge in account restrictions. This issue has been particularly evident after the US presidential election, coinciding with an alarming increase in fraudulent activity on the platform. In a post dated December 8, shared on the social media platform X (formerly known as
In a significant development for the cryptocurrency landscape, the Coinbase-led Travel Rule Universal Solution Technology (TRUST) has announced the launch of TRUSThub, a groundbreaking platform aimed at enhancing data sharing protocols among Virtual Asset Service Providers (VASPs). Officially announced on December 5, the initiative seeks to address a critical need for improved compliance measures, particularly
Woori Technology, a notable venture capital firm based in South Korea, is reportedly contemplating the sale of its investment stake in Dunamu, the entity that operates the Upbit cryptocurrency exchange. Upbit holds the distinction of being the largest cryptocurrency trading platform in South Korea, making this potential sale significant within the evolving crypto landscape. Originally,
