In a remarkable twist, GateToken, the flagship cryptocurrency of the Gate.io exchange, achieved a record peak recently amidst swirling rumors of a possible security breach. It’s a scenario that lays bare the volatile nature of the cryptocurrency market, where speculation can lead to sharp price fluctuations. Upon hitting an impressive high of $13.79, GateToken saw
Exchanges
In the rapidly evolving world of cryptocurrency exchanges, Binance has firmly established itself as a dominant force. A recent report revealed that customer deposits on the platform reached an astounding $21.6 billion in 2024, a figure that highlights the exchange’s unparalleled standing within the industry. This milestone places Binance far ahead of its closest competitors.
On December 11, 2023, Coincheck Group, the parent company of Japan’s leading cryptocurrency exchange, heralded an important transition as it commenced trading on the Nasdaq stock exchange after successfully merging with Thunder Bridge Capital. This significant event not only underscores a major achievement for Coincheck but also signifies a broader acceptance and integration of cryptocurrency
In a significant move focusing on the advancement of digital finance, Binance, the world’s leading cryptocurrency exchange, has announced a partnership with Circle to enhance the use of USD Coin (USDC) across its platforms. This collaboration, revealed on December 11, marks a turning point not only for Binance but also for the broader landscape of
In a recent announcement made on December 10, Coinbase has revealed significant developments regarding its Project Diamond, which is tailored to accelerate the adoption of digital assets among institutional investors outside of the United States. This ambitious initiative, operated by Coinbase Asset Management, encapsulates a complete ecosystem designed for secure and effective digital asset management.
In a significant development for both the cryptocurrency sector and traditional banking, Singapore-based Crypto.com has entered into a strategic partnership with Deutsche Bank. This collaboration was recently unveiled on December 10, marking a pivotal step in Crypto.com’s efforts to strengthen its corporate banking capabilities as it seeks to broaden its global reach. The focus of
Coinbase has found itself in a storm of controversy as it grapples with increasing account restrictions, which the platform attributes to a notable rise in fraudulent activities. Following the conclusion of the recent US presidential election, the exchange observed a dramatic surge in user engagement—an event that notably correlated with a threefold increase in fraudulent
On December 5, a noteworthy development in the rapidly evolving realm of digital assets was announced: the introduction of TRUSThub, a pioneering platform initiated by Coinbase’s Travel Rule Universal Solution Technology (TRUST). This novel platform seeks to revolutionize data sharing practices among Virtual Asset Service Providers (VASPs), making compliance with regulations more efficient and secure.
Woori Technology, a venture capital firm based in South Korea, is at a significant crossroads as it considers divesting its stake in Dunamu, the parent organization behind Upbit, the nation’s preeminent cryptocurrency exchange. This development is particularly striking given the profound impact that Dunamu has had on the local digital asset market. Initial investments by
In a significant move that reflects the ongoing struggle between the cryptocurrency sector and regulatory bodies, Coinbase CEO Brian Armstrong has publicly declared the company’s intention to terminate partnerships with law firms that employ former officials involved in what he terms “unlawful” regulatory actions against the crypto industry. This decision, announced via social media on