✨ Latest Cryptocurrency Updates
Coinbase Wallet Drops Support for Bitcoin Cash, Ethereum Classic, and Two Other Tokens
Reason: Low usage rates
Effective Date: December 5
Affected Tokens:
- Bitcoin Cash (BCH)
- Ethereum Classic (ETC)
- Ripple (XRP)
- Stellar (XLM)
Despite XRP being the 7th-largest cryptocurrency by market cap ($19.6B), Coinbase cited declining adoption. BCH and ETC, as forks of Bitcoin and Ethereum, have seen reduced market share over the past 5 years.
👉 Explore Coinbase's official statement
Brazil Approves Bitcoin as Legal Payment Method & Investment Asset
Key Points:
- Brazilian Congress passed a bill recognizing Bitcoin as a digital value representation.
Use Cases:
- Payment method (regulated by Central Bank of Brazil).
- Investment asset (overseen by Securities Commission).
- Not legal tender, but a milestone for crypto adoption in Latin America’s largest economy.
Binance Acquires Japanese Exchange SEBC, Expands into Regulated Market
Deal: 100% acquisition of Sakura Exchange BitCoin (SEBC).
Significance:
- First East Asian license for Binance.
- Complies with Japan’s Financial Services Agency (JFSA) regulations.
Market Trend: Japan is easing crypto policies to attract blockchain startups.
Serum DEX Collapses After FTX Hack, Users Urged to Migrate to Forks
Cause: FTX-held upgrade keys compromised during November’s hack.
Impact:
- Jupiter Aggregator and Raydium withdrew support.
- Alternative: OpenBook (community-led fork) now processes $1M+ daily volume.
Third Crypto Founder Dies in a Month: Russian Entrepreneur in Helicopter Crash
Victim: Vyacheslav Taran (Libertex co-founder).
Context:
- Follows deaths of MakerDAO’s Nikolai Mushegian (drowning) and Amber Group’s Tiantian Kullander (in sleep).
- Investigation ongoing; foul play ruled out.
FTSE Russell Launches Crypto Index Series
Details:
- 8 indices tracking assets from large-cap to micro-cap.
- Goal: Define the "investable universe" with 24/7 market monitoring.
Parent Company: London Stock Exchange Group (LSEG).
🔍 Keyword Integration
- Coinbase Wallet
- Bitcoin Brazil
- Binance Japan
- Serum DEX
- Crypto Index
❓ FAQs
Q: Why did Coinbase delist BCH and ETC?
A: Due to declining user activity, though both remain top-30 cryptocurrencies by market cap.
Q: Is Bitcoin legal tender in Brazil now?
A: No, but approved for payments and investments under new regulations.
Q: What’s the alternative to Serum?
A: OpenBook, a community-developed fork, is the recommended replacement.
👉 Stay updated with global crypto trends
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