Altcoin News by Thebittimes.Com

Apple blocks the Coinbase wallet on iOS. As per the details from a tweet thread by Coinbase, iOS users will be unable to send NFTs from their wallets on iOS devices anymore. JUST IN: Apple blocks #Coinbase Wallet app release, requesting 30% of all NFT transfer gas fees. — Watcher.Guru (@WatcherGuru) December 1, 2022 Coinbase also mentioned in the tweet that Apple has blocked their last app release until the feature is disabled by them. Apple wants 30% of the gas fee? The main reason cited and mentioned by Coinbase is that “…the gas fees required to send NFTs need to be paid through their In-App Purchase system so that they can collect 30% of the gas fee.” Apple ’s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system, so that they can collect 30% of the gas fee. — Coinbase Wallet (@CoinbaseWallet) December 1, 2022 Additionally, Coinbase mentioned that, for anyone who understand...

Tether – the issuer of the world’s largest stablecoin, USDT – has released a statement responding to the Wall Street Journal (WSJ)’s latest claims about the status of its reserves. It labeled the outlet’s assertions as “a series of unsubstantiated conclusions” seeking to discredit Tether’s attempts to remain transparent with the public. Claims from WSJ In an article published on Saturday, WSJ reviewed parts of Tether’s history and accounting process that make its reserve dependability seems less than ideal. One criticized element involves Tether’s use of attestations, rather than audits, for providing transparency surrounding its reserve makeup. KYC & Audit Solutions! SolidProof Attestations show a snapshot of a given firm’s assets and liabilities at a specific date and time, as signed off by an accounting firm. Tether’s most recent attestation was from BDO, a top 5 accounting firm, confirming that the company held $66 billion in reserves as of June 30th, 202...

Defi Yield Protocol (DYP) announced its listing across multiple leading exchanges including Coinbase, Huobi, and MEXC last month. It also recently provided details on its upcoming Metaverse platform, which will feature interactivity with Cats and Watches Society (CAWS) NFTs. Coinbase revealed the listing of DYP on June 21st, while trading started one day later. Next, MEXC announced it will start listing of DYP for the first time on July 19th. Huobi then added DYP to its platform on July 27th.  Smaller exchanges including  Bitrue, ZT, Hoo, CoinDCX, Onus Finance also recently made the crypto-asset available for trade.  DYP experienced no notable price fluctuations upon its recent listings, often when an asset is introduced to a new exchange. However, its market value surged rapidly on June 7th from $0.06 to over $0.20 and has continued to trade above that mark for nearly two months.  A week after the price surge, DYP wrote a blog post explaining its Metaverse project and vir...

Coinbase is one of the world’s oldest cryptocurrency exchanges. It was established in 2012 and has its own fan following. The exchange has also proven to be the first to pave the way for numerous crypto fanatics. It also has several products, including the Coinbase wallet that caters to millions of users. Stablecoins have their own distinct fanbase. USDC, USDT, and BUSD seem to be staying at the top of the game. However, Binance has recently decided to de-list all USD coins, including the USDC, TUSD, and USDP. The exchange also auto-converted the deposits to its native BUSD. Following this, the market share of USDC also dropped as Binance had a majority of USDC volume. However, in a recent announcement, Coinbase extended its support for USDC by implementing commission-free trading. Coinbase to help in improving USDC international access Coinbase points out that USDC adoption in other countries has been less compared to the US. It highlights that the main reason for th...