In a bold move that highlights the innovation within the cryptocurrency sector, Coinbase has unveiled its Bitcoin-backed credit card, the Coinbase One Card, which is set to launch in the fall of 2025. Unlike traditional credit cards that merely function as payment methods, this card not only allows users to spend their crypto but rewards
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The recent withdrawal of BiT Global’s lawsuit against Coinbase regarding the delisting of Wrapped Bitcoin (WBTC) marks a pivotal moment in a rapidly evolving cryptocurrency landscape. Tied to entrepreneur Justin Sun, who has found himself embroiled in various controversies, BiT Global’s legal battle exposed deep-seated tensions marking the boundaries between centralized exchanges and custodial token
In a recent announcement from Brian Armstrong, the CEO of Coinbase, the crypto giant proclaimed an impressive 82% reduction in the number of unnecessary account freezes plaguing its platform. This statistic sounds promising, but it begs a critical examination of what this truly means for the everyday user. Armstrong himself acknowledged that freezing accounts had
Gemini’s recent decision to file a draft registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) is a bold move that illustrates both ambition and acumen. The twin exchanges, led by the Winklevoss brothers, are not merely capitalizing on a fleeting trend; instead, they are strategically timing their
The aftermath of Coinbase’s alarming data breach is far graver than initially perceived, with victims now grappling with an insidious new wave of fraud. Rather than limiting their malicious tactics to the digital realm, these criminals are exploiting personal information to deliver fake letters directly to their victims’ homes. The recent revelation serves as a
WazirX, a prominent crypto exchange, has recently faced a devastating setback that could profoundly affect its industry standing. The Singapore High Court’s decision to reject its restructuring proposal after a significant $230 million hack in July 2024 not only hampers immediate operational recovery but marks a critical moment of vulnerability within the crypto ecosystem. While
In an audacious bid to solidify its foothold in the intricate world of cryptocurrency, Robinhood has completed a $200 million acquisition of Bitstamp, a historic player within the realm of crypto exchanges. This transformative event, which comes after a lengthy 12-month negotiation, represents far more than a mere financial transaction; it is a monumental step
In a groundbreaking announcement, IG Group became the first publicly traded broker in the UK to enable retail investors to trade in 38 cryptocurrencies. Set to come into effect on June 3, this decision marks a significant step for both IG Group and the wider financial market. By collaborating with Uphold for custody and execution
As we dive deeper into the complexities surrounding the cryptocurrency market, the implications of the $5 billion repayment initiated by the FTX Recovery Trust can’t be overstated. Scheduled to start on May 30, this monumental repayment round is significant not only for its sheer scale but also for its potential to inject fresh liquidity into
The recent legal maneuvering from the U.S. Securities and Exchange Commission (SEC) regarding Binance has raised eyebrows and ignited discussions about the future of cryptocurrency regulation. On May 29, the SEC requested a federal judge to dismiss its civil complaint against Binance and its founder, Changpeng “CZ” Zhao. The context surrounding this dismissal is layered