Episode Details

22nd Feb : Crypto & Coffee at 8
🔥 $USDC Is Quitting TRON 🟢 MetaMask boosts Security ❌Binance Potential Ban In Philippines & Backlash from Nigerian Investors ❌

🔥 Circle is discontinuing support for USDC on the TRON blockchain in a phased transition. Effective immediately we will no longer mint USDC on TRON. Circle will support Circle Mint customers’ transfer(s) of USDC to other blockchains through February 2025. As Circle only serves business and institutional customers, retail users and other non-Circle customers can move their USDC on TRON to an exchange or distributor where it can be transferred to another blockchain where USDC is supported. Info here https://lnkd.in/dmyH3TVf Who made this decision though — A Centralised team or the community?

🔥 Circle consistently evaluates the compatibility of all blockchains hosting USDC. The choice to cease USDC support on TRON reflects a comprehensive approach undertaken across our business organization, compliance, and other operational sectors. This decision is in line with Circles commitment to maintaining USDC’s reputation as a trusted, transparent, and secure regulated digital dollar, solidifying its position as the premier option on the internet.

🟢 MetaMask is expanding its default security alerts to encompass users on web extensions and mobile apps across various blockchains, including Ethereum, Linea, BNB Smart Chain, Polygon, Arbitrum, Optimism, and Avalanche. This move follows a period of significant user growth, with monthly active users increasing from 19 million in September 2023 to 30 million in January 2024, partly fueled by partnerships with platforms like Robinhood. The security alerts were initially introduced on the Ethereum mainnet via an extension on Jan. 29, 2024, providing users with warnings during transactions to identify and caution against potential threats, thus aiming to enhance overall security for its expanding user base. Info ->https://lnkd.in/dYA5MbCr

🔴 Binance’s operations in the Philippines are in jeopardy as regulators evaluate the possibility of banning the exchange for operating without a license. The Securities and Exchange Commission is considering the impact of such a ban on Filipino accountholders and is working with other government agencies on the procedure. The Securities and Exchange Commission, Philippines told DL News it is still evaluating the situation. Info here https://lnkd.in/d9K6j42c

🔴 Binance set a limit on how much Naira traders can exchange for USDT, upsetting many local investors. This move stops traders from making transactions above a certain rate. It happened as Nigeria’s currency, the Naira, keeps losing value compared to the US dollar and British pound. Info via Binance Africa here https://lnkd.in/d2uh7x7n info via