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The exchange announced the token delisting on Nov. 19, citing undisclosed failures to meet its standards for listing tokens.
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In a statement to Cointelegraph, a Coinbase spokesperson reiterated the company’s standards. “Coinbase is committed to maintaining the high integrity of our listing standards. Should an asset fail to meet those standards, it is delisted,” the spokesperson said.
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The suit claims Coinbase’s actions amount to monopolization of the wrapped Bitcoin market under the Sherman Act. The lawsuit accuses Coinbase of predatory practices, including issuing false statements about wBTC’s compliance to undermine its market position. BiT Global claims Coinbase’s actions were designed to steer market dominance toward cbBTC.
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The exchange announced the token delisting on Nov. 19, citing undisclosed failures to meet its standards for listing tokens.
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In a statement to Cointelegraph, a Coinbase spokesperson reiterated the company’s standards. “Coinbase is committed to maintaining the high integrity of our listing standards. Should an asset fail to meet those standards, it is delisted,” the spokesperson said.
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The suit claims Coinbase’s actions amount to monopolization of the wrapped Bitcoin market under the Sherman Act. The lawsuit accuses Coinbase of predatory practices, including issuing false statements about wBTC’s compliance to undermine its market position. BiT Global claims Coinbase’s actions were designed to steer market dominance toward cbBTC.
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On the other hand, he said, “RBI, among the central banks, is a pioneer,” as it is one of the few central banks to launch a pilot CBDC project.
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Speaking about India’s progress in CBDC development, Das noted that many central banks worldwide are stuck in initial discussions and experimentation.
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During the farewell speech on Dec. 10, Das highlighted his six-year-long effort to capitalize on new technologies, including setting up the RBI Innovation Hub in Bengaluru and a regulatory sandbox for fintech innovation.
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On his last day as the governor of the Reserve Bank of India (RBI), Shaktikanta Das shared his vision to transform India’s economy with a home-grown central bank digital currency (CBDC), the digital rupee.
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Roger Ver, widely known as “Bitcoin Jesus” for his early promotion of cryptocurrency, is contesting charges made against him by the United States Department of Justice (DOJ).
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Stablecoins have emerged as one of the most popular use cases for cryptocurrency. Ripple executives believe the collective stablecoin market could reach $2 trillion in the next four years, up from around $207 billion today.
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RLUSD entered its testing phase on the XRP ledger and Ethereum mainnets in August.
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The New York Department of Financial Services (NYDFS) has approved Ripple’s RLUSD stablecoin, according to Ripples Labs CEO Brad Garlinghouse.
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MARA (MARA) shares closed down 4.4% to $22.81 on Dec. 10 and saw only a slight 0.5% gain at the end of after-hours trading, Google Finance data shows. MARA is down 0.55% this year after it was one of the industry’s best performers in the 2023 market rebound, rising 586% over last year.
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“Mission accomplished … but why stop here,” MARA CEO Fred Thiel wrote on X. “we have more miners on the shelf and we will just keep on adding using our existing capacity.”
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Coinbase Asset Management introduced Project Diamond in December 2023. Project Diamond is not available to users in the United States. Chainlink debuted the CCIP in April. It allows crosschain token transfers and smart contract messaging across blockchain networks.
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Chainlink will provide data and connectivity between public and private blockchains and existing financial systems through Chainlink’s Cross-Chain Interoperability Protocol (CCIP), assuring users of compliant solutions.
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Peregrine, the PSG Digital business regulated by the ADGM, will be the flagship user of the integrated platform.
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Project Diamond is regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) and is a resident of the ADGM RegLab sandbox. It has the trade name Onchain Marketplace. That implementation will be upgraded in the integration.
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