The cryptocurrency landscape is evolving rapidly, creating a corresponding need for enhanced regulatory frameworks and compliance measures. The announcement of TRUSThub, developed under the auspices of Coinbase and the Travel Rule Universal Solution Technology (TRUST), signifies a substantial advancement in how Virtual Asset Service Providers (VASPs) can share data securely. As the crypto ecosystem escalates
Exchanges
In the ever-evolving realm of cryptocurrency, South Korea stands at the forefront, with its vibrant trading platforms drawing significant interest from both local and global investors. Among these platforms, Upbit has emerged as a dominant player, making headlines not only for its trading volume but also for its innovative approach to cryptocurrency exchange. Recently, Woori
In a decisive move that underscores the tense relationship between cryptocurrency platforms and regulatory bodies, Coinbase CEO Brian Armstrong has announced a bold policy regarding the exchange’s partnerships with law firms. In a recent social media statement, Armstrong criticized law firms that engage former regulators he regards as complicit in unfair regulatory practices. His comments
In the rapidly evolving landscape of cryptocurrency, a recent decision by Coinbase, the largest US-based cryptocurrency exchange, has ignited a significant backlash from the crypto community. The issue at hand concerns the company’s stance on the usage of Virtual Private Networks (VPNs) by its users. This article delves into the implications of Coinbase’s policy on
In a significant leap toward user-friendly cryptocurrency transactions, Coinbase has announced the incorporation of Apple Pay into its Coinbase Onramp service. This venture, unveiled on December 2, 2023, aims to revolutionize how users convert fiat currency into cryptocurrency. With the influx of more than 60 million active Apple Pay users in the United States alone,
SBI VC Trade, a subsidiary of the influential SBI Holdings from Japan, is making notable headway in the cryptocurrency market, notably through its recent alliances with two companies, DMM Bitcoin and Metaplanet. This movement not only signals SBI’s intent to deepen its involvement in blockchain technologies but also reflects its strategy to support and stabilize
The Solana blockchain community recently raised alarms regarding significant transaction delays associated with Coinbase, one of the most prominent cryptocurrency exchanges. Users of the Solana blockchain took to social media, particularly the platform X, to express their frustration over transaction processing times that stretched to an alarming 45 minutes. In comparison, competing blockchain networks such
In a striking revelation, a former senior executive of Binance named Amrita Srivastava has come forward with serious allegations against the cryptocurrency exchange, claiming that her dismissal was a direct result of her whistleblowing on a suspected bribery scheme. As reported by Bloomberg News on November 28, Srivastava’s accusations shed light on potential improprieties within
Celo, an emerging Layer-1 blockchain, is currently navigating a tumultuous period marked by its announcement to migrate to an Ethereum Layer-2 network as part of the Optimism Superchain ecosystem. While this transition is designed to enhance scalability and functionality, the subsequent backlash has resulted in a significant 5% drop in the value of its native
In a significant development for FTX and its affiliated debtors, plans are underway to execute their Chapter 11 Plan of Reorganization by January 2025. This endeavor is aimed at establishing a clear framework for repaying creditors and customers who have faced unfortunate losses due to the collapse of this once-prominent cryptocurrency exchange. According to the
In a landmark occurrence, South Korean authorities have recovered 4.8 Bitcoin (BTC) that was associated with the infamous 2019 hack of the Upbit exchange. This attack stands as a pivotal moment in the realm of cybersecurity within the cryptocurrency sector, illustrating the escalating sophistication of cybercriminals, particularly those affiliated with North Korean hacker groups. In
In a significant shift within the cryptocurrency sphere, Coinbase has announced the discontinuation of trading pairs for Wrapped Bitcoin (WBTC) on its platforms, effective December 19. This move, cited as a measure due to WBTC not meeting the exchange’s listing standards, raises questions about compliance within the volatile crypto market. Users will retain the ability
In a recent move to enhance its offerings, Binance has introduced BFUSD, a yield-bearing stablecoin designed specifically for traders engaged in futures and perpetual contracts. Announced on November 18, this innovative financial instrument enables users to earn an impressive annual percentage yield (APY) of around 19.55%. Unlike traditional staking methods that require locking up funds,
The cryptocurrency market has increasingly captured the attention of various sectors, with its inherent volatility and growth potential becoming a significant draw for business leaders and investors alike. One of the most recent developments in this domain is the reported advancement of discussions between Trump Media and Technology Group (TMTG) and Bakkt, a digital asset