Fun

News Feed - 2023-08-18 01:08:02

Zhiyuan Sun16 hours agoBreaking: Coinbase to suspend USDT trading for Canadian usersUsers will still be able to deposit and withdraw USDT, DAI and RAI after the deadline, but trading will be suspended.10171 Total views27 Total sharesListen to article 0:00Breaking newsJoin us on social networksCryptocurrency exchange Coinbase will suspend trading of the Tether (USDT), Dai (DAI), and RAI stablecoins for Canadian users beginning Aug. 31.


In an Aug. 17 email notice to users, Coinbase said, ”We regularly monitor the assets on our exchange to ensure they meet our listing standards,” and based on its review, trading of the aforementioned stablecoins will no longer be available to Canadian users starting September. The exchange officially launched its Canadian subsidiary just days prior, although services were available to Canadian customers before then. 


Canadian users can still deposit and withdraw the stablecoins after the deadline. In a statement, the exchange wrote:“Coinbase Canada, Inc. has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Coinbase Canada, Inc. obtains registration, it has agreed to abide by the terms of an undertaking.”The Aug.17 notice to Canadian users. Source: Coinbase


Earlier this year, fellow digital asset exchange Crypto.com delisted USDT for Canadian users. The Ontario Securities Commission banned USDT in 2021, though it never explained the rationale behind the ban. 


On Feb. 22, the Canadian Securities Administrators (CSA) published a notice requiring registered crypto exchanges or those pending registration to sign legally binding undertakings with the regulatory body. Among other items, the undertaking requires:“A prohibition on the part of the CTP [crypto asset trading platforms] in respect of clients buying or depositing Value-Referenced Crypto Assets (commonly referred to as stablecoins) through crypto contracts without the prior written consent of the CSA.”


Tether is a stablecoin backed by fiat reserves. Meanwhile, Dai exists as a hybrid between a fiat and algorithmic stablecoin. RAI, on the other hand, is an algorithmic stablecoin not pegged to any asset. Currently, the only stablecoin approved by the CSA for listing on centralized crypto exchanges is USD Coin (USDC). 


Citing the new regulations, crypto exchange OKX withdrew from Canada in June. Similarly, crypto exchange Binance is scheduled to withdraw from Canada by September. 


Magazine: Should we ban ransomware payments? It’s an attractive but dangerous idea# Blockchain# Coinbase# Cryptocurrencies# BusinessAdd reactionAdd reactionRelated NewsWhat is an atomic swap, and how does it work?2024 could be very bullish for crypto — Here’s whyShiba Inu lead developer queries Coinbase’s ‘Onchain Summer’ campaign

News Feed

Blockchain gaming investments reached nearly $1B in April
Tristan Greene3 hours agoBlockchain gaming investments reached nearly $1B in AprilThe investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.430 Total views25 Total s
Cardano updates MiCA compliance indicators 6 months ahead of the curve
Savannah Fortis2 hours agoCardano updates MiCA compliance indicators 6 months ahead of the curveThe Cardano Foundation and CCRI release MiCA-compliant sustainability indicators in an effort to position Cardano ahead of t
Italian Insurance Giant Generali Gets Into Bitcoin via Banking Arm, Launching Crypto Custody Service
Italian Insurance Giant Generali Gets Into Bitcoin via Banking Arm, Launching Crypto Custody Service Banca Generali, the banking arm of Italy’s largest ins
Shiba Inu’s Shibarium Marks 1 Billion Transactions Milestone, But Why Is SHIB Price Still Struggling?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
Ethereum"s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer 26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockc
Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market
Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. T
Bitcoin whales refuse to sell while BTC price ditches $70K ‘euphoria’
William Suberg9 hours agoBitcoin whales refuse to sell while BTC price ditches $70K ‘euphoria’Bitcoin derivatives traders go from de-risking to “clear pessimism,” but large-volume hodlers are in no hurry to bow t
Terrifying Global Currency Crisis Explained in 19 Tweets; Why Bitcoin Matters
The global FX market is staring at the edge of a cliff, according to an analyst who called the 2008 economic crisis. | Source: Shutterstock Something bi
SushiSwap team treasury takeover looks likely, despite heated debate
Martin Young3 hours agoSushiSwap team treasury takeover looks likely, despite heated debateVoting for and against the proposal was evenly matched but recently tipped in favor of the ‘yay," despite continued criticism o
Bitcoin eyes $58K CME gap next as 8% BTC price rout sees longs 'rekt'
William Suberg7 hours agoBitcoin eyes $58K CME gap next as 8% BTC price rout sees longs "rekt"BTC price weakness takes the market below $59,000 for the first time since mid-July as "relentless" Bitcoin selling
Biden resurrects 30% crypto mining tax in new budget proposal
Ezra Reguerra57 minutes agoBiden resurrects 30% crypto mining tax in new budget proposalU.S. Senator Cynthia Lummis said that while this shows that the government is bullish on crypto, a 30% tax would destroy the industr
Report: Japanese Carmakers Toyota and Nissan Enter the Metaverse
Report: Japanese Carmakers Toyota and Nissan Enter the Metaverse Two Japanese carmakers, Nissan and Toyota, have launched operations in the metaverse. Nissan’s virtual showr