Tether partners with BTguru to explore tokenization for Turkish banks amidst new crypto regulations. Turkey exits FATF’s “grey list” for money laundering. Potential $2 trillion market cap by 2030. #Crypto
Paxos Digital Singapore Pte. LTD. has received approval from Singapore’s central bank to offer digital payment token services, enabling them to issue stablecoins. This places Paxos among 19 major payment institutions, in collaboration with DBS Bank. This marks a significant step towards integrating cryptocurrencies into mainstream finance. #CryptoNews
Circle becomes the first to secure a MiCA license for stablecoins in the EU, effective July 1, 2024. This EMI license from French regulators allows @circle to offer $USDC and EURC services across Europe, challenging Tether’s dominance. #CryptoNews
The Terra Luna Classic community accuses Raouf Ben-Har, co-founder of @KarakNetwork, of stealing 200M USTC. Karak’s CSO denies it, blaming the Terra Foundation. $USTC trades at $0.01808, $LUNC at $0.00008329. #Update #CryptoNews
Terra Classic ($LUNC) experiences major price swings and token burns. Since TerraUSD’s peg loss, the community’s efforts have burned 123.76B LUNC, aiming to boost value. Current price: $0.00008235, market cap: $452.6M. #Update
? The UAE Central Bank (@CBUAE) approved new rules for stablecoins, allowing only Dirham-backed tokens for transactions. This may limit the crypto industry and affect the UAE’s digital economy goals. Current ban on crypto mining adds to concerns. #CryptoRegulations
? Sui partners with @CopperHQ to enhance custody infrastructure for stablecoins and RWAs on its L1 blockchain. This includes new staking and DeFi features, despite $SUI dropping 2.82% to $0.856. #Update #BlockchainNews
USDT supply on @ton_blockchain has exceeded $500M, reaching $519.28M just 2 months after launch. TON’s TVL now over $600M, driven by Telegram integration and Web3 games. $TON ranks top 10 with a $18.37B market cap. #Update #CryptoNews #TON
Polkadot proposes reducing the minimum balance for $USDT and $USDC to $0.01 and cutting transaction fees by 90%. This aims to boost stablecoin adoption and compete with Solana and Ethereum. #CryptoNews
Polkadot proposes lowering minimum balances for $USDT and $USDC on its Asset Hub from $0.07 to $0.01, aiming to boost its stablecoin market position. Planned upgrades include 90% fee cuts. #Stablecoins #Crypto
The Terra Luna Classic community rejected a proposal to expand the validator set to 130, crucial for merging with Luna v2 validators. Despite this, $LUNC surged 10% and $USTC rose 5%. Top validators like @Allnodes opposed the expansion. #Update
Tether will stop USDT support on Algorand and EOS within 12 months to focus on community-centric networks. $ALGO and $EOS trading volumes spiked over 100% after the news. Tether aims to boost security and innovation. #CryptoNews
Tether (@Tether_to) will stop issuing USDT on the Algorand and EOS blockchains, focusing on Ethereum and Tron. Redemption support for Algorand and EOS will continue for 12 months. This move aims to enhance security and efficiency. #CryptoNews
Montenegro PM Milojko Spajic’s $75K investment in Terraform Labs in 2018 peaked at $140M before Terra Luna’s collapse caused $40B in losses. Spajic now faces legal issues alongside Do Kwon. #CryptoVolatility #Update
