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The native asset of crypto exchange Bitget (BGB) is closing in on a market cap of nearly $8 billion after the token surprisingly sparked an 844% rally in 2024. According to current data, BGB is trading for $5.64 at time of writing, a 15% increase during the last 24 hours. BGB launched in 2021 and was designed to boost community engagement and streamline trading activities within the Bitget ecosystem. According to a recent report by Bitget, the exchange surged in popularity, partially due to a rise in Gen Z crypto buyers, who began gobbling up digital assets after former President Donald Trump won the 2024 US presidential election. The data shows that Bitget saw a staggering 683% increase in Gen Z users in November, pushing the demographics’ share of new users on the platform from 26.2% in October to 53.8% by the end of November. “Trump’s pro-crypto rhetoric during his campaign, including pledges to establish a national Bitcoin reserve and enco...

Leading crypto exchange Binance and stablecoin issuer Circle are teaming up to expand the adoption of USDC. In a statement, Binance says the strategic partnership, which was announced at the Abu Dhabi Finance Week on Wednesday, will make USDC more available across its suite of products and services. The exchange says the collaboration will enable its users to seamlessly access and use the dollar-pegged stablecoin for trading, saving and payment applications. Says Binance CEO Richard Teng, “Through our strategic partnership, our users will have even more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance.” Binance says it will also integrate USDC into its financial strategy. “Additionally, Binance will adopt USDC as a vital U.S. dollar-pegged stablecoin for our corporate treasury, signaling a significant move towards on-chain financial operations.” For its part...

Bybit will stop new account registrations on October 1 and end pause deposits and other services for existing customers on October 8. The exchange’s announcement comes ahead of the effective date for new FCA rules for crypto firms. Bybit has notified its customers that it will suspend its services in the UK next month as it looks to align operations with new regulatory requirements. According to the Crypto exchange , the decision is “ in light of the UK Financial Conduct Authority’s introduction of new rules regarding marketing and communications by crypto businesses as outlined in the June 2023 Policy Statement (PS23/6) entitled “Financial Promotion Rules for Crypto assets .” The suspension will allow the exchange to focus resources on meeting the new regulation, Bybit said in the announcement. No new customer registrations beginning October 1 No new registrations will be allowed as from October 1, while services to existing ...

Also Read: Huobi Charged For Illegally Operating DAX By Malaysian SEC advertisement Debt Ceiling Crisis To Get Resolved Soon? As per reports, the top official had a phone call on Sunday as Joe Biden returned back to Washington from Japan after attending a G7 meeting. This development is stated as a positive move amid the closing deadline. Meanwhile, Joe Biden on the final day of the G7 summit gave a big statement on the debt ceiling issue. The U.S. president stated that he’s not going to agree on a deal that protects wealthy tax cheats and crypto traders. However, House Republican Speaker mentioned that he had a positive discussion on the call over dealing with the crisis. Also Read: Crypto Exchange Trading Volume Sinks Amid Debt-Ceiling Talks Recommended Articles Crypto Telegram Channels List 2023 [Updated] Must Read Crypto Presale Projects ...

OKX Listing Pepe Coin (PEPE) In an official announcement on May 1, Crypto exchange OKX revealed listing yet another Meme Coin Pepe Coin ( PEPE ). The PEPE is now listed on OKX spot trading markets and trading will open at 09:00 UTC on May 1, with withdrawals set to open a day later. The exchange is listing the Meme Coin in PEPE /USDT pair. advertisement OKX noted that “Pepe the Frog” is a cartoon character and Internet meme created by cartoonist Matt Furie. It is designed as a green anthropomorphic frog with a humanoid body. It’s one of the most popular memes in the world. PEPE is a deflationary memecoin launched on Ethereum. The crypto exchange took to Twitter to officially announce the new listing of PEPE to reveal the community about the good news. OKX CEO “Star” Xu also tweeted about the listing. Some believe the meme coin will overtake Shiba Inu and Dogecoin. 🚨 #Memecoin New Listing Updat...