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Coinbase accused of anti-competitive practices – BiT Global seeks over $1 billion
Recently, a major complaint was filed by BiT Global against Coinbase in the Northern District of California. Here is a summary of the facts:
Background: Coinbase has decided to remove Wrapped Bitcoin (wBTC) from its platform citing concerns over its listing standards. This move coincides with Coinbase launching its own product, cbBTC.
Accusations: BiT Global views the withdrawal as an attempt to harm competition, saying it aims to promote Coinbase's product at the expense of wBTC.
Background: Coinbase has decided to remove Wrapped Bitcoin (wBTC) from its platform citing concerns over its listing standards. This move coincides with Coinbase launching its own product, cbBTC.
Accusations: BiT Global views the withdrawal as an attempt to harm competition, saying it aims to promote Coinbase's product at the expense of wBTC.
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Could Bitcoin hit $200,000 in 2025?
With a recent all-time high of around $103,000, Bitcoin is showing signs of even greater growth potential. Experts and investors alike are wondering: Will it hit $200,000 in 2025?
The reasons behind the optimism:
-The 2024 Halving: Scheduled for April, this event reduces the supply of new Bitcoins, a historical mechanism that has often caused a dramatic price increase. After each halving (2012, 2016, 2020), the price of Bitcoin has generally exploded in the following 12 to 18 months.
The reasons behind the optimism:
-The 2024 Halving: Scheduled for April, this event reduces the supply of new Bitcoins, a historical mechanism that has often caused a dramatic price increase. After each halving (2012, 2016, 2020), the price of Bitcoin has generally exploded in the following 12 to 18 months.