In a significant step for cryptocurrency regulation in Central America, the Central Reserve Bank of El Salvador has granted Bitget a Bitcoin Service Provider (BSP) license. This announcement, made public on December 16, signifies the exchange’s newfound ability to offer a range of Bitcoin-related services within the country. With this license, Bitget can engage in
Exchanges
In a significant development within the cryptocurrency realm, BiT Global has initiated legal proceedings against Coinbase, one of the leading trading platforms in the United States. This lawsuit, filed on December 13, raises alarms about potential antitrust violations and manipulation of the market. Central to the dispute is the controversial removal of wrapped Bitcoin (WBTC)
The recent ascent of GateToken, the native cryptocurrency of the Gate.io exchange, is a remarkable instance of market resilience. Hitting an impressive peak of $13.79 despite swirling rumors of a possible security breach underscores the volatility and conjecture that often characterize the cryptocurrency landscape. As the number adjusted to $13.29 shortly after, this surge reflects
In 2024, Binance has firmly established itself as the preeminent player in the cryptocurrency exchange arena, boasting an astonishing $21.6 billion in customer deposits as reported on December 12. This remarkable figure not only sets Binance apart from its rivals but also demonstrates a significant lead—36% ahead of the next ten largest exchanges combined, which
Coincheck Group, the parent entity of the well-known Coincheck crypto exchange, has reached a significant milestone with its debut on the Nasdaq stock exchange scheduled for December 11. This momentous occasion follows the successful merger with Thunder Bridge Capital, a transaction finalized earlier in December. The approval of this merger, announced on December 10, was
In a significant development within the cryptocurrency landscape, Binance, the world’s leading crypto exchange by trading volume, has entered a strategic partnership with Circle, the issuer of USD Coin (USDC). Announced on December 11, this collaboration aims to deepen the integration of USDC across Binance’s platforms, enhancing its accessibility while also stimulating broader adoption of
Coinbase, one of the leading cryptocurrency exchange platforms, is making significant strides in broadening the scope of digital asset adoption, particularly amongst institutional investors. Their latest initiative, Project Diamond, aims to cater to the needs of institutional users outside the United States, reflecting a growing trend of institutional interest in the cryptocurrency sector. The project
In a significant move to fortify its corporate banking capabilities, Singapore-based cryptocurrency exchange Crypto.com has teamed up with Deutsche Bank, a global leader in financial services. This partnership, unveiled on December 10, signifies a pivotal moment in Crypto.com’s ambitious global expansion strategy, accentuating the company’s intent to refine its financial operations in crucial markets, including
Recently, Coinbase has found itself at the center of a storm regarding account restrictions, leading to widespread user dissatisfaction. The exchange has partially attributed these issues to a notable increase in fraudulent activities, particularly following the United States presidential election. According to a December 8 statement on X (formerly known as Twitter), Coinbase attempted to
In an era where regulatory scrutiny is intensifying, the Coinbase-led Travel Rule Universal Solution Technology (TRUST) initiative has introduced a pioneering platform known as TRUSThub. Announced on December 5, this platform is poised to transform the way Virtual Asset Service Providers (VASPs) handle data transmission related to cryptocurrency transactions. By bridging the compliance gap, TRUSThub