🚨 JUST IN: Major exchange Coinbase will delist non-complian | Bilal Ashraf on Binance Square

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JUST IN: Major exchange Coinbase will delist non-compliant stablecoins in the EU in December!

Only Ripple's stablecoin RLUSD and $USDC are MiCA-compliant!

RLUSD will launch this year. $XRP  will be an auto-bridge currency for every $RLUSD transaction! 

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Coinbase to Delist Unauthorized Stablecoins in EU by December Crypto exchange Coinbase (COIN) plans to de-list any unauthorized stablecoins in the European Union by December to comply with the EU's Markets in Crypto Assets rules (MiCA). "Given our commitment to compliance, we intend to restrict the provision of services to EEA [European Economic Area] users in connection with stablecoins that do not meet the MiCA requirements by December 30, 2024," Coinbase said in a statement shared with CoinDesk on Friday. Coinbase, the second biggest exchange, after Bybit, according to CoinGecko data, has been racing alongside other companies to become compliant with the European Union's MiCA rules which require firms to be authorized in at least one EU country. Rules for stablecoins came into force on June 30, which require stablecoin issuers to have an e-money license in an EU member state to be able to operate in the bloc of 27 nations. Not all stablecoins have managed to get the necessary licenses in the EU. In July Circle became the first global stablecoin issuer to secure an Electronic Money Institution license in the region and is the second-largest issuer of stablecoins. Tether, which is the largest issuer of stablecoins, has not managed to snag an e-money license in the EU. Tether didn't immediately respond to request for comments. Coinbase plans to share further details of its plan in November, and will provide options for affected European Economic areas customers to switch to stablecoins issued by appropriately authorized issuers, such as Circles' USDC and EURC, it said in the statement. $BTC $ETH $HMSTR

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$153 Million Bitcoin Purchase Stuns Top Crypto Exchange 😳 The Bitcoin (BTC) community has said a big "no" to bears as they are striving for a big rally. While the leading cryptocurrency on the market is still under immense pressure from geopolitical tensions, it has managed to initiate a slight recovery from recent losses. Whales have also stopped to sit on the sidelines, as they have jumped on the BTC bandwagon. Crypto tracking service Whale Alert has detected a massive Bitcoin purchase earlier today. They tweeted that a BTC whale has transferred 2,500 BTC from crypto exchange Bybit to their private wallet. These coins are estimated to be worth around $153 million, according to the Bitcoin price at the time of purchase. Bitcoin whales typically buy coins from top trading platforms like Bybit and transfer them to their own wallets. They tend to hold the assets in massive amounts for a long term in their private wallets, hence, they are known as whales. This buying and holding behavior from these large investors is crucial as it injects bullish momentum onto the market. Today’s BTC purchase can trigger a broader buying trend, which can attract both retail and institutional investment to the coin. This potential buying spree at this time is imperative for the BTC price. It will give it a significant push, and Bitcoin can potentially ignite the much anticipated price rally. However, such rallies are often seen in a more broader picture. Meanwhile, BTC is currently trading at $61,283 after a slight increase of 0.45% in the last 24 hours. The coin recently faced significant rejection from the $63,000 market yet again. The global political and economic situation is also not helping. However, whales are not losing hope, and their buying trend can finally give Bitcoin the push required to target the next highs. #Bitcoin Price #Cryptocurrency exchange

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