Coinbase eyeing offshore exchange to escape US regulatory pressureCoinbase is subjected to higher standards of regulatory oversight than many of its rivals who are based offshore.
Happy FridayThe global crypto market cap is $1.13 trillion with a 24-hour volume of $86.97 billion. The price of Bitcoin is $26,564.13 and BTC market dominance is 45.4%. The price of Ethereum is $1,726.42 and ETH market dominance is 18.7%. The best performing cryptoasset sector is Yield Farming, which gained 10%.
Latest NewsCoinbase eyeing offshore exchange to escape US regulatory pressure
Coinbase is subjected to higher standards of regulatory oversight than many of its rivals who are based offshore. Binance removes BUSD from SAFU fund — adds TUSD, USDTBinance said the move was necessary following Paxos' decision to stop minting BUSD — which will result in a gradual market cap reduction. Belgian foreign minister calls for crypto banThe comments come after a special Basel Committee on banking has recommended that banks develop protocols for holding stablecoins and crypto. US Banks borrow record-high $164.8B from Fed backstop facilitiesMeanwhile, Circle's USDC stablecoin maintains $1 peg despite recent banking contagion and widespread fear in the banking sector. BlockDown Festival announces Portugal as its next location for huge Web3 culture festivalThe Web3 experience of BlockDown Festival is back and continues across Europe to Algarve, Portugal, on July 10-12, 2023, leading the way in merging the physical and virtual worlds. Ethereum founder urges self-custody – recommends use of multi-sig, social recovery walletsVitalik Buterin said that he and the Ethereum Foundation use multi-sig wallets to secure the majority of their crypto assets. CryptoSlate Daily wMarket Update: Bitcoin taps $26,900 – posting a 39-week highThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. U.S. Banking turmoil halts NFT hype as DeFi thrivesDuring Mar. 11-12, Defi's transaction volume exceeded $58B, while Mar. 11 recorded least active NFT traders since November 2021. Coinbase’s Grewal hails Ripple’s defense efforts: XRP relisting possiblePaul Grewal praises Ripple's defense team ahead of imminent court ruling — said XRP Coinbase relisting possible. CZ touts rules for securitization of digital assets in new tweet threadCZ's early morning thoughts echo others in the crypto community who worry that exposure to traditional finance can also hurt the industry.
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