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.
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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
In a significant move towards enhancing regulatory compliance in the cryptocurrency sector, Coinbase has recently introduced TRUSThub, a sophisticated platform tailored for Virtual Asset Service Providers (VASPs). Announced on December 5, TRUSThub is engineered to facilitate efficient data exchange, crucially bridging the gap between participating VASPs and even extending support to non-member entities. The initiative
Woori Technology, a noted South Korean venture capital entity, is contemplating divesting its interest in Dunamu, the parent organization of Upbit, which stands as South Korea’s leading cryptocurrency trading platform. In 2015, Woori made a significant investment of 5.5 billion KRW in Dunamu, obtaining an undisclosed percentage of shares. Nearly a decade later, their stake
In a bold and controversial move, Coinbase CEO Brian Armstrong recently announced a decision to cut ties with law firms employing former regulatory figures, whom he accuses of engaging in unethical practices harmful to the cryptocurrency sector. Armstrong’s decree, revealed through a social media statement, signals a critical juncture for the cryptocurrency exchange that has
Coinbase, a prominent player in the cryptocurrency exchange landscape, recently sparked controversy regarding its prohibition of Virtual Private Network (VPN) access for users. The announcement made by Scott Shapiro, a product designer at Coinbase, emphasizes the exchange’s perception of VPN usage as an indicative marker of potential malicious intent. This approach resonates with ongoing debates
SBI VC Trade, a notable entity under the umbrella of SBI Holdings, is establishing significant partnerships that have the potential to reshape the cryptocurrency market in Japan. As a subsidiary of SBI Holdings, an institution recognized for its dominance in internet banking and blockchain technologies, SBI VC Trade’s latest collaborations with DMM Bitcoin and Metaplanet
Coinbase has unveiled a significant enhancement to its Coinbase Onramp service by integrating Apple Pay, as announced on December 2. This step is poised to dramatically simplify the process for individuals who want to convert their fiat currency into cryptocurrencies. With Apple Pay’s vast user base, the integration aims to create an efficient and seamless
