In a groundbreaking development within the cryptocurrency landscape, Binance, the world’s largest cryptocurrency exchange, has officially announced a strategic partnership with Circle, the issuer of USD Coin (USDC). This collaboration, revealed on December 11, aims to promote the widespread adoption and accessibility of USDC across Binance’s extensive range of services. With Binance’s formidable presence in
Exchanges
Coinbase has been a key player in the cryptocurrency landscape, and their recent initiative, Project Diamond, is further solidifying their commitment to facilitating institutional adoption of digital assets. By announcing its partnership with Chainlink, a leading Oracle network, Project Diamond aims to provide secure, compliant alternatives for asset issuers and fund managers. This collaboration emphasizes
In a landmark move that underscores the evolving relationship between cryptocurrency platforms and traditional financial institutions, Singapore-based Crypto.com has forged an alliance with Deutsche Bank. Announced on December 10, this partnership aims to elevate Crypto.com’s corporate banking capabilities and further facilitate its ambitious global expansion initiatives. This strategic collaboration is designed to streamline financial operations
In December 2023, Coinbase faced increased scrutiny over account restrictions imposed on its users, a situation that arose in the wake of heightened activity related to the US presidential election. The cryptocurrency exchange responded to these concerns through a statement on X (formerly Twitter), asserting that the account limitations were exaggerated and labelling the surrounding
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
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