
Crypto.com scrambles to calm customers after Lithuania banking crackdown
Singapore-based Crypto.com responded to the loss of service by informing its customers that Euro deposits and withdrawals had been “temporarily disabled.”
Singapore-based Crypto.com responded to the loss of service by informing its customers that Euro deposits and withdrawals had been “temporarily disabled.”
The Financial Services Agency said that work is currently underway to allow the domestic distribution of stablecoins in the country but added that there would be certain restrictions.
CoinSurvey recently revealed some key insights into the BSV ecosystem, including what type of ecosystem participant is most likely to be optimistic and satisfied, what regions are thriving, and more.
Recently, BSV-driven wallet provider HandCash has been working on implementing USDC into their app, where users can send and receive USDC in the same way as with BSV.
Coinbase is slamming bankrupt rival digital asset exchange FTX’s accounting practices, Apple’s NFT policies, and any other bad news, while Circle plans to go public.
The lone bright spot on Coinbase’s subscription and services chart was interest income, which shot up 213% to $101.8 million, thanks largely to the U.S. Federal Reserve hiking its lending rates.
Binance founder Changpeng 'CZ' Zhao gave an interview to Protocol where he expressed Binance's relationship with the two largest stablecoins: Tether and Circle's USDC.
HandCash plans to create bridges from BSV to USDC that live on other protocols, allowing token holders from large digital currency communities to begin using Bitcoin apps and services seamlessly.
Solend, the algorithmic, decentralized protocol for lending and borrowing on Solana, has been scrambling to mitigate the risks that are present on its platform.
Henslee emphasized that he doesn't have any confirmed information that HandCash is integrating USDC, but they said they would announce something at the BSV Global Blockchain Convention.
Coinbase reported a loss of US$430 million in Q1 2022 as revenue slipped 27% compared to a year ago, and the stock ($COIN) has now lost 70% of its value since March.
The over-concentration of the stablecoin markets was also highlighted, with the trio of Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) controlling over 80% of the market share.