🦎🚀 It's gonna be Bronzegate at this rate 📉

Thursday, March 2, 2023

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It's nearly the weekend, Geckos!

Coinbase CEO Brian Armstrong announced that the cryptocurrency exchange's decision to delist Binance USD (BUSD) was due to liquidity concerns.

Upon initial delisting, the reason provided by the exchange was that it came to the conclusion via its own internal monitoring and that the stablecoin did not meet its listing standards anymore.

The statement follows the sequence of events which saw the New York Department of Financial Services halting BUSD-issuer Paxos from minting more of the stablecoin.

In today's news, Australia moves ahead with CBDC plans, Silvergate Capital faces "going concern" doubts and decentralized Twitter is on the app store.

Read on!

Stablecoins Statistics: 2023 Report

Stablecoins Statistics: Everything you need to know from types of stablecoins, total market cap to transaction volumes, regulations & emerging models!

Get the full scoop here!

Get a First Look at Near's Blockchain Operating System

Join Near Day on March 2nd at ETHDenver for a mini-summit on the exciting new products and tech in Near's ecosystem.

Get a first look at the Near Blockchain Operating System — a common layer revolutionizing Web3 browsing and discovery, compatible with any blockchain.

If you won't be in Denver for Near Day, you can still check out the Blockchain Operating System and other ecosystem news by tuning in to the Near YouTube livestream.

To tune in to Near Day on March 2nd, head to near.org/denver for the livestream link.

24h Hot Searches Worldwide

sudoswap (-16.1%)
Ternoa (+24.9%)
Stacks (-8.9%)
Velodrome (-7.2%)
Optimism (-2.7%)
Vaiot (+2.5%)
Radiant Capital (-7.4%)

Be careful of pump-and-dump schemes in crypto! Watch this video to find out how to avoid and spot them easily 🎢

Tap here to watch!

Aussie Coin

Australia inches a step closer to establishing its Central Bank Digital Currency (CBDC), after the Reserve Bank of Australia (RBA) announced a pilot for eAUD.

RBA in partnership with Australia's Digital Finance Cooperative Research Centre have announced partnerships with the private sector, the likes of Mastercard and ANZ, to explore 14 use cases for eAUD.

The use cases range from facilitating offline payments, tokenized business invoices and even livestock auctioning.

Decrypt

Decentralized Social Network Up for Beta

Decentralized Twitter spin-off Bluesky has been listed on the App Store and started granting users private beta access.

Backed by former Twitter executive Jack Dorsey, the social network requires users to obtain an invitation code to set up an account.

Bluesky initially started as an idea within Twitter before eventually spinning off as a separate organization in 2019.

Decrypt

Silvergate Tumbles

Silvergate Capital saw its shares tumbling 29% after hours following announcements that it will delay the filing of its annual 10-K report.

The crypto-friendly lender stated that following trickling losses from the FTX collapse and the multitude of regulatory clampdowns, it raises questions about the company as a "going concern".

Silvergate expects to face further losses in the coming months, after having sold additional debt securities in January and February.

CoinDesk

What is coin burning and why do projects engage in it? Find out about the advantages and disadvantages of burning tokens, and how its affecting SHIB and ETH

Find out more here.