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On December 17, Coinbase filed a response to a lawsuit from BiT Global, a company affiliated with Sun. The lawsuit accused the exchange of harming the Wrapped Bitcoin (WBTC) market by removing the ...
News Coinbase Justifies wBTC Delisting by Pointing to Justin Sun Connection “We've filed our response to BiT Global’s effort to stop our delisting of wBTC before any discovery or even formal ...
Coinbase has begun phasing out wBTC, and will suspend trading on Dec. 19 citing "listing standards". This move comes after Coinbase has launched a competitor to wBTC called cbBTC.
Coinbase faces $1 billion wBTC delisting lawsuit: What you need to know The suit claims Coinbase’s actions amount to monopolization of the wrapped Bitcoin market under the Sherman Act.
Launched on Sept. 12, Coinbase’s WBTC competitor, Coinbase Wrapped BTC (cbBTC), has emerged as one of the most popular BTC wrappers, with some $1.4 billion in TVL, according to CoinMarketCap.
Coinbase and BiT Global settled their wBTC delisting dispute, closing the lawsuit with prejudice. The suit had sought over $1 billion in damages, claiming the delisting favored Coinbase's cbBTC token.
Coinbase's Base app, described as "game-changing," combines cryptocurrency, AI, and social media into a single, all-in-one ...
WBTC, a wrapped version of Bitcoin that enables access to the Ethereum network, is being de-listed on Coinbase. The suspension of the digital asset will take place on December 19th.
On Dec. 17, Coinbase filed a response to a lawsuit brought by Sun-affiliated BiT Global, which accused Coinbase of harming the wrapped Bitcoin market by delisting Wrapped Bitcoin (WBTC) in November.