On December 11, 2023, Coincheck Group, the parent organization of the Japanese cryptocurrency exchange Coincheck, marked a historic milestone by commencing trading on the Nasdaq stock exchange. This groundbreaking event follows the completion of a merger with Thunder Bridge Capital, which was finalized just days earlier. The approval process saw Thunder Bridge shareholders overwhelmingly support
Exchanges
Binance, the world’s largest cryptocurrency exchange by trading volume, and Circle, the issuer of USD Coin (USDC), have established a strategic partnership that promises to reshape the landscape of stablecoin adoption and enhance the accessibility of digital assets. Announced on December 11, this collaboration marks a pivotal moment in the evolution of cryptocurrencies, situating USDC
In a notable strategic move, Coinbase has initiated Project Diamond, an ambitious endeavor aimed specifically at serving institutional clientele beyond U.S. borders. Unveiled in a recent announcement on December 10, this initiative is spearheaded by Coinbase Asset Management and seeks to capitalize on the burgeoning interest in digital assets among institutional investors. Utilizing an impressive
In a significant development for the cryptocurrency industry, Singapore-based Crypto.com has officially partnered with Deutsche Bank, a move that signals an ambitious stride towards enhancing its corporate banking capabilities. Announced on December 10, this collaboration aims to optimize financial operations in crucial markets, including Australia, Singapore, and Hong Kong. By collaborating with a leading global
In the wake of the recent US presidential election, Coinbase has found itself confronting an uptick in accounts being flagged and restricted. With fraud incidents reportedly tripling during this period of heightened activity, the exchange has taken to the social media platform X to address these complications. The firm’s public stance paints a picture of
In response to the evolving challenges posed by digital asset transactions, TRUST, led by Coinbase, has launched TRUSThub—a groundbreaking platform aimed at transforming how Virtual Asset Service Providers (VASPs) share crucial customer data. Announced on December 5, this initiative is designed to facilitate compliance with the Travel Rule, a regulation mandating VASPs to share specific
Woori Technology, a prominent venture capital firm in South Korea, is reportedly contemplating the sale of its stake in Dunamu, the company behind the popular Upbit cryptocurrency exchange. This move comes as the South Korean crypto market undergoes significant fluctuations, influenced by various economic and political factors. Woori’s decision is particularly intriguing given its original
In recent weeks, Coinbase has come under fire from the cryptocurrency community after announcements regarding restrictions on accessing user accounts via Virtual Private Networks (VPNs). As the largest cryptocurrency exchange in the United States, Coinbase’s policies can significantly affect user behavior and market direction. Understanding the implications of these restrictions is crucial for both the
In a significant declaration that echoes the escalating discord between the cryptocurrency industry and regulatory bodies, Coinbase CEO Brian Armstrong has taken a definitive stand against legal firms aligned with former regulators he deems unethical. His recent statement on social media, which centered on the termination of relationships with law firms employing ex-regulatory officials, indicates
Japan’s cryptocurrency market has recently witnessed significant transformations, with key players taking bold steps to redefine the ecosystem. At the forefront is SBI VC Trade, a subsidiary of the prominent Japanese financial organization SBI Holdings. This firm has made headlines for its strategic collaborations with DMM Bitcoin and the investment powerhouse Metaplanet. These partnerships signify
