Altcoin News by Thebittimes.Com

A few hours back, Changpeng Zhao revealed that Binance will start liquidating its FTT HODLings post “recent revelations.” The largest exchange’s executive, however, clarified that his company was “not against” anyone, but at the same time, wouldn’t support people who “lobby against other industry players” behind their backs. Read More: Binance will liquidate its FTT tokens after ‘recent revelations’ On the news of the same, outflows on the exchange started rising and prominent firms started withdrawing assets from FTX. Blockchain security firm and analytics platform PeckShield revealed that ~$40.4M USDC had been transferred from FTX to Jump Trading over the past 24 hours. #PeckShieldAlert ~$40.4M $ USDC (~$40.4M) has been transferred from FTX : 0x2fa to Jump Trading : 0x4f1 within the last 24 hours, pic.twitter.com/cCETIXrdYM — PeckShieldAlert (@PeckShieldAlert) November 7, 2022 In another transaction, arou...

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...