Crypto Biz: Coinbase vs. BiT Global $1B wBTC Dispute
The ongoing legal battle between Coinbase and BiT Global Digital Limited has taken a new turn with the delisting of Wrapped Bitcoin (wBTC) from Coinbase's platform, sparking controversy and leading to a hefty lawsuit. According to Cointelegraph, BiT Global alleges that this move was an attempt by Coinbase to promote its own product, cbBTC, which launched in September 2023. The dispute intensified when on December 13th, BiT Global filed for over $1 billion in damages against Coinbase under accusations of anticompetitive behavior.
Court proceedings have seen developments as recently as December 18th when Judge Araceli Martínez-Olguín denied a temporary restraining order requested by BiT Global to halt the token’s removal. Despite these setbacks for BiT Global, the case is far from concluded as both parties prepare for further litigation.
Binance Alpha Adds LUCE, BANANA Among Others
In recent news reported by crypto.news, Binance Alpha announced its fourth batch of pre-list tokens including names like KOGE and BANANA among others. This selection comprises nine tokens based on community interest and market trends but does not guarantee formal listing on Binance Exchange itself. Interestingly enough despite being featured within this pool announcement had minimal impact upon selected assets’ values; BOB saw significant decline while ODOS experienced notable growth during the same period according to data provided via CoinGecko analysis shared alongside article content.
Sources:
- Crypto Biz: Coinbase vs. BiT Global $1B wBTC dispute
- 'They're Encroaching on Our Space': Pepperstone's CEO Warns of CFD Crypto Exchange Threat
- Binance Alpha adds LUCE, BANANA and others to fourth batch of selected tokens
- Cryptopia Hack Victims Finally Receive $225 Million in Crypto Payouts
- It’s Not Unusual: Stablecoin Platform Altcoin USUAL Bucks Crypto Downtrend Following Binance Listing
- Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws
