The cryptocurrency landscape is changing rapidly, particularly in response to new regulations mandating more stringent compliance standards. A significant development occurred when Crypto.com announced its intention to delist Tether’s USDT stablecoin and nine other tokens by the end of January 2024. This strategic decision marks an important shift in the exchange’s operations as it seeks
Exchanges
In a significant development for the cryptocurrency landscape in South America, Coinbase has officially secured the green light to introduce its services in Argentina. The company has achieved this milestone by being registered as a Virtual Asset Service Provider (VASP) with the National Securities Commission (CNV) of Argentina, as announced on January 28. This approval
KuCoin, a prominent cryptocurrency exchange founded in 2017, recently faced significant legal repercussions due to its operations in the United States. On January 27, 2024, the company entered a guilty plea with the U.S. Department of Justice (DOJ) for running an unlicensed money-transmitting business. The settlement requires KuCoin to exit the U.S. market for an
Brian Armstrong, the CEO of Coinbase, has recently highlighted an urgent need for reform in how cryptocurrencies are listed. His call to action resonates deeply within an industry experiencing surging innovation and a staggering increase in new tokens. Recent advancements in blockchain technology have led to an exponential proliferation of digital assets, with approximately one
Brian Armstrong, the CEO of Coinbase, recently took to X (formerly known as Twitter) to inform users that the platform has effectively resolved ongoing delays related to Solana transactions. This announcement comes in response to increasing frustrations among users who have been facing sluggish processing times. In his statement, Armstrong not only confirmed that Solana
Recent discussions in the cryptocurrency community have centered around the potential launch of futures contracts for popular digital assets, Solana (SOL) and XRP, by CME Group. As of now, these prospects remain unconfirmed, prompting both intrigue and skepticism amongst investors and traders alike. The anticipation is fueled by social media leaks suggesting a scheduled pre-launch
In a notable legal clash, Coinbase has moved to dismiss an ongoing lawsuit initiated by BiT Global regarding the removal of Wrapped Bitcoin (wBTC) from its trading platform. The crux of the matter stems from a court filing on January 21, which reveals that BiT Global initially sought to prohibit the delisting through legal means
In recent years, the landscape of financial transactions has been undergoing a remarkable transformation, particularly in the realm of cross-border remittances. Binance, the world’s leading cryptocurrency exchange, has emerged as a key player in this field, facilitating an impressive $26 billion in peer-to-peer remittances from 2022 through 2024. According to a statement released on January
The landscape of decentralized finance (DeFi) continues to evolve as major exchanges seek innovative partnerships to expand their service offerings. On January 16, Coinbase took a significant step in this direction by teaming up with the money market protocol Morpho to provide users with a unique way to access on-chain USD Coin (USDC) loans. This
In 2016, the cryptocurrency exchange Bitfinex faced a major hacking incident, resulting in the theft of approximately 120,000 Bitcoin (BTC). This breach was among the most notorious in the crypto world, marking a pivotal moment that influenced security protocols within the cryptocurrency ecosystem. Following the hack, the exchange had to implement immediate changes to its
