The Central Reserve Bank of El Salvador has made waves in the cryptocurrency landscape by granting Bitget a Bitcoin Service Provider (BSP) license, a significant development reported on December 16. This license allows Bitget to offer a suite of Bitcoin-related services, including seamless conversion of Bitcoin to fiat, processing Bitcoin payments, and ensuring secure custody
Exchanges
In a significant legal move that has captured the attention of the cryptocurrency community, BiT Global has initiated a lawsuit against Coinbase, one of the foremost cryptocurrency exchanges in the United States. As detailed in a court filing dated December 13, BiT Global has raised serious allegations against Coinbase regarding its recent decision to remove
In a remarkable testament to the bullish sentiment surrounding GateToken, the native cryptocurrency of the Gate.io exchange, the digital asset reached an unprecedented high of $13.79 recently, showcasing the market’s resilience despite swirling rumors of a potential security breach. Following this peak, the token slightly retreated to $13.29, but this subtle decline does little to
In 2024, Binance has firmly established itself as the preeminent cryptocurrency exchange, boasting an impressive $21.6 billion in customer deposits. This staggering figure not only illustrates the platform’s robust presence but also highlights a monumental lead over its competitors. According to a report dated December 12, Binance surpassed the cumulative deposits of the next ten
On December 11, the Coincheck Group, known for its prominent crypto exchange in Japan, made headlines by officially launching its trading on the Nasdaq stock exchange. This noteworthy milestone comes on the heels of a merger with Thunder Bridge Capital, culminating in a deal finalized earlier this month. Notably, Thunder Bridge shareholders had greenlit the
In a move that illustrates the evolving landscape of cryptocurrency, Binance, the world’s leading crypto exchange, has entered into a strategic partnership with Circle, the issuer of USD Coin (USDC). This collaboration, announced on December 11, 2023, seeks to promote the broader adoption of USDC and integrate it into Binance’s services, setting the stage for
Coinbase, a leading player in the cryptocurrency exchange landscape, has unveiled Project Diamond, an initiative designed to cater specifically to institutional investors outside of the United States. This project marks a significant strategic pivot for Coinbase, aiming to create a robust environment for digital asset adoption among institutional entities. With a comprehensive suite of services
In a significant move anticipated to reshape its corporate banking capabilities, Singapore-based Crypto.com has announced a pivotal partnership with Deutsche Bank. Unveiled on December 10, this collaboration is set to streamline financial processes across critical markets, notably Singapore, Australia, and Hong Kong. By leveraging Deutsche Bank’s expertise in traditional banking and financial services, Crypto.com aims
Coinbase, one of the leading cryptocurrency exchanges, recently made headlines due to concerns regarding sudden account restrictions affecting numerous users. The company attributed these challenges to a notable increase in fraudulent activities that coincided with the US presidential election. In a post dated December 8 on the social platform X (formerly Twitter), Coinbase countered widespread
In a significant move towards reinforcing regulatory compliance in the crypto sector, the Coinbase-led Travel Rule Universal Solution Technology (TRUST) initiative has launched TRUSThub. As articulated in a recent statement, this new platform is engineered to facilitate effective data sharing among Virtual Asset Service Providers (VASPs), marking an essential step in addressing compliance challenges in
