GateToken, a vital component of the Gate.io cryptocurrency exchange ecosystem, has achieved a remarkable milestone by reaching an all-time high of $13.79. Despite facing rumors suggesting a security breach, the token’s performance indicates robust investor confidence. Following the peak, the token adjusted to slightly lower levels, stabilizing at $13.29. This surge can be attributed to
Currency exchange
In 2024, Binance has unmistakably established itself as the titan of the cryptocurrency exchange landscape, boasting customer deposits that soared to an impressive $21.6 billion. This monumental achievement positions Binance not only as a frontrunner but also highlights its significant edge over its closest rivals. Recent data from DeFi Llama indicates that Binance eclipses the
Binance, the titan in cryptocurrency exchanges, has taken a decisive step by forming a strategic alliance with Circle, the issuer behind the prominent USD Coin (USDC). Announced on December 11, this partnership focuses on integrating USDC across Binance’s broad range of services, aiming to enhance both accessibility and adoption. This collaboration signals a transformative moment
In a significant move poised to reshape the landscape of digital finance, Crypto.com, a prominent player in Singapore’s digital asset trading sector, has entered into a partnership with Deutsche Bank. This alliance aims to integrate banking services for users in select regions, marking a crucial expansion for the cryptocurrency exchange and paving the way for
In a significant move reflecting the ongoing convergence of traditional finance and cryptocurrency, Singapore-based Crypto.com has announced a collaboration with Deutsche Bank. This partnership, unveiled on December 10, 2023, aims to bolster Crypto.com’s corporate banking operations across strategic markets, including Singapore, Australia, and Hong Kong. The alliance aligns with Crypto.com’s goal to enhance operational efficiency
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is ramping up its efforts to regulate Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) practices among cryptocurrency ATM providers. As of December 6, 2023, the agency has become increasingly concerned with the misuse of crypto ATMs for illegal activities such as money laundering. This scrutiny arises amid revelations
Coinbase, a leading cryptocurrency exchange, has recently found itself at the center of controversy regarding account restrictions imposed on its users. The company attributed these restrictions to a spike in fraudulent activities triggered by an increase in user activity following the US presidential election. In a December 8th post on social media platform X, Coinbase
In recent times, the Indian government has intensified its scrutiny of the cryptocurrency trading landscape, particularly focusing on the compliance of major exchanges with the Goods and Services Tax (GST). As India propels itself into the digital currency sphere, the challenge of regulating this burgeoning industry becomes increasingly apparent. The recent allegations of tax evasion
The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance, alongside its U.S. affiliate Binance.US and former CEO Changpeng Zhao, has stirred significant conversation in the world of digital finance. The SEC’s lawsuit, initially filed earlier this year, alleges that the platforms operated an unregistered securities exchange in violation
In a striking example of vulnerability in the cryptocurrency space, a user on X, known as “LeftsideEmiri,” reported a staggering loss of $300,000 due to a sophisticated social engineering scheme. This incident serves as a stark reminder that even the most cautious individuals can fall prey to cybercriminals. “I never thought it would happen to