Coinbase Expands Services to Canadians
Coinbase has extended its services to Canadian citizens, partnering with People’s Trust Company to optimize transaction efficiency. The exchange has also unveiled the exclusive “Coinbase One” membership for Canadian sign-ups, offering a 30-day trial window to explore the platform’s offerings. However, starting September 2023, certain stablecoins will no longer be available for trading on Coinbase for Canadian users.
Coinbase Now Offers Crypto Futures
Coinbase has received approval from the National Futures Association to offer futures trading to US customers. This development allows Coinbase to offer traditional spot crypto trading as well as crypto futures.
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!
Shibarium Debut Faces Challenges
The launch of Shiba Inu’s Shibarium layer-2 scaling solution experienced issues, with investors unable to access their purchases on Shibarium and the blockchain halting block production for over seven hours. Shytoshi Kusama, the lead developer, addressed the concerns and assured investors that the team is working to scale up the system to accommodate the high influx of users.
Crypto Adoption Continues
PayPal has introduced a Crypto Hub, allowing users to engage in various crypto-related activities, including buying, selling, and converting crypto assets to and from the PYUSD stablecoin. Coca-Cola and McDonald’s Singapore have also entered the NFT space, offering NFT collections featuring iconic elements of their branding.
Singapore Red Cross Accepts Crypto Donations
The Singapore Red Cross now accepts donations in Bitcoin, Ethereum, USDT, and USDC through a partnership with crypto payments gateway Triple-A. The organization aims to make donating easier by accepting digital tokens.
Fed and Mastercard Adopt Crypto Technology
The US Federal Reserve has partnered with Dropp, a pay-per-use platform on the Hedera blockchain, to facilitate digital payments. Mastercard has also collaborated with several payment and blockchain technology companies to explore the intricacies and challenges of Central Bank Digital Currencies (CBDCs).
Market Bloodbath
Despite the positive adoption news, the crypto market experienced significant liquidations and a downturn in prices.
