The ongoing legal confrontation between Coinbase and BiT Global regarding the delisting of wrapped Bitcoin (WBTC) presents a riveting narrative that encapsulates the complexities of the cryptocurrency market. This conflict not only highlights the legal strategies of both parties but also delves into significant concerns about trust, market integrity, and the responsibilities of crypto exchanges
Exchanges
El Salvador is stepping into a groundbreaking era by granting Bitget a Bitcoin Service Provider (BSP) license, marking a significant milestone in the evolution of cryptocurrency regulation and adoption in the region. The Central Reserve Bank of El Salvador announced this development on December 16, positioning the exchange to directly provide essential Bitcoin services, including
In a significant legal confrontation poised to shake the foundations of the cryptocurrency market, BiT Global has initiated a lawsuit against Coinbase, the flagship cryptocurrency exchange in the United States. This lawsuit, filed on December 13, elucidates a contention that has ripple effects transcending mere market maneuvering—it taps into the intricate landscape of competition, market
In a remarkable display of market resilience, GateToken, the cryptocurrency associated with the Gate.io exchange, recently ascended to an impressive peak of $13.79, marking a new all-time high. This surge occurred even in the face of swirling rumors and allegations regarding a potential security breach within the platform. By the time of reporting, the token’s
In 2024, Binance has emerged as the undisputed leader in the cryptocurrency exchange landscape, with customer deposits soaring to an impressive $21.6 billion. This figure reinforces Binance’s dominant position, far outpacing its closest competitors, which collectively managed only $15.9 billion in deposits—36% less than Binance alone. Notable exchanges in this competitive space, such as OKX,
On December 11, Coincheck Group, the parent entity of the Coincheck cryptocurrency exchange, took a bold step into the public eye by officially listing its shares on the Nasdaq stock exchange. This pivotal moment followed a successful merger with Thunder Bridge Capital, which was finalized earlier in the month. The affirmation of this merger came
In a groundbreaking move for the cryptocurrency sector, Binance has announced a strategic partnership with Circle to incorporate USD Coin (USDC) across its extensive suite of services. This collaboration emerged from the recognition of the need for increased accessibility and broader adoption of stablecoins within the sector, marked by a significant announcement on December 11.
Coinbase’s ambitious Project Diamond signifies a strategic move towards accelerating institutional adoption of digital assets on a global scale. Initially revealed in a statement on December 10, this initiative is curated by Coinbase Asset Management, targeting institutional users outside the United States. The foundation of Project Diamond rests on a multifaceted infrastructure, which encompasses Coinbase’s
In a significant development for the cryptocurrency domain, Crypto.com, headquartered in Singapore, has forged a strategic partnership with Deutsche Bank. This collaboration, made public on December 10, aims to bolster Crypto.com’s corporate banking capabilities, thereby advancing its overarching strategy for global expansion. By tapping into Deutsche Bank’s extensive expertise, Crypto.com aspires to enhance its operational
In the aftermath of the recent U.S. presidential election, Coinbase has found itself at the crossroads of heightened user engagement and a concurrent rise in fraudulent activities. Many users have reported account restrictions that have replaced seamless trading experiences with unnecessary hurdles. These challenges, which arose as user activity surged, were publicly addressed by Coinbase