In an era where regulatory requirements loom large over the cryptocurrency landscape, the introduction of TRUSThub marks a pivotal moment for Virtual Asset Service Providers (VASPs). Launched by the Coinbase-led Travel Rule Universal Solution Technology (TRUST), TRUSThub is poised to reshape the dynamics of data sharing among VASPs. Announced on December 5, the platform is
Exchanges
Woori Technology, a South Korean venture capital firm, appears to be on the verge of a significant financial maneuver concerning its investment in Dunamu, the parent company of South Korea’s leading cryptocurrency exchange, Upbit. Originally investing a substantial 5.5 billion KRW back in 2015, Woori acquired a share in Dunamu that has appreciated remarkably over
In December 2023, the cryptocurrency exchange Coinbase made headlines when its CEO, Brian Armstrong, declared that the company would terminate its relationships with law firms that employ former regulatory officials involved in what he deems as “unlawful” actions against the crypto sector. This statement reflects not only the frustrations within the crypto community but also
In the fast-evolving sphere of cryptocurrency, platforms that facilitate trading and transactions often find themselves at the intersection of security and user privacy. A recent development has seen Coinbase, the largest cryptocurrency exchange in the United States, facing significant backlash from its user base due to its stance on the use of Virtual Private Networks
In the fast-evolving world of cryptocurrencies, strategic partnerships can significantly alter industry dynamics. SBI VC Trade, a subsidiary of the well-established Japanese financial institution SBI Holdings, has recently made headlines with its new collaborations with DMM Bitcoin and Metaplanet. SBI Holdings is not only a major player in Japan’s internet banking sector but also a
In a significant move for the cryptocurrency landscape, Coinbase has integrated Apple Pay into its Coinbase Onramp service, enhancing the ease with which users can convert fiat currency into digital assets. Announced on December 2, this addition is poised to simplify transactions for the millions looking to engage with cryptocurrencies. With over 60 million active
The recent backlash from the Solana community directed at Coinbase underscores a growing tension between established cryptocurrency exchanges and blockchain networks. Users reported significant delays in transaction processing, with complaints surfacing prominently on social media. Transaction times reportedly stretched to 45 minutes, a stark contrast to the rapid speeds of competitors like Base, Algorand, Arbitrum,
In a significant turn of events, a former senior executive at Binance, Amrita Srivastava, has publicly alleged that her dismissal was a retaliatory act stemming from her whistleblowing activities. Srivastava, who had been employed with Binance focusing on the Link platform, has brought troubling allegations to light regarding a colleague’s solicitation of bribes linked to
Celo, a notable player in the Layer-1 blockchain sphere, is poised for a significant transformation by planning a transition to an Ethereum Layer-2 network within Optimism’s Superchain ecosystem. This strategic pivot aims to harness enhanced scalability and interoperability benefits that Ethereum’s Layer-2 solutions offer. However, recent developments within the cryptocurrency ecosystem have raised concerns and
In a significant development for the beleaguered cryptocurrency exchange FTX, the company and its affiliated debtors are anticipating the implementation of their Chapter 11 Plan of Reorganization, projected to be executed by January 2025. This plan aims to establish the frameworks for addressing claims from creditors and customers alike. As per the latest timeline released