In the evolving landscape of cryptocurrency, wrapped Bitcoin (WBTC) has emerged as a pivotal asset, enabling Bitcoin to function within the Ethereum ecosystem and facilitating smart contracts. With the expansion of decentralized finance (DeFi), WBTC has grown in prominence, becoming essential for liquidity and user engagement in various DeFi platforms. However, its evolution has not
Exchanges
GateToken, the native cryptocurrency of the renowned Gate.io exchange, recently reached an unprecedented peak, climbing to $13.79 despite the turbulence caused by rumors of a potential security breach. This dramatic rise in valuation offers a glimpse into the dynamics of cryptocurrency markets, where investor sentiment and market confidence can shift rapidly. As the price fluctuated
In 2024, Binance has set an impressive benchmark in the cryptocurrency exchange arena, showcasing an astounding total of $21.6 billion in customer deposits as reported on December 12. This milestone positions Binance far ahead of competitors, not just by a small margin, but significantly—its deposits exceed the cumulative total of the next ten largest exchanges
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
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
