CENTRE Blacklists USDC for First Time, 100,000 USDC Frozen – July 9

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,359

Bitcoin price made a run towards the $9,500 mark yesterday, as price prolongs its range within the low $9,000s.

Top-20 altcoins appear to have cooled off from their recent runs, as Cardano falls 7% and both Ethereum and XRP post small gains of 1% and 2%, respectively. Stellar seems to have missed the memo, with a staggering 16% gain.

Top Stories for July 9, 2020 πŸ”₯

πŸ‘‰ CENTRE Blacklists USDC for First Time, 100,000 USDC Frozen

For the very first time, CENTRE has blacklisted an address holding its USDC stablecoin, in cooperation with law enforcement. The address holds 100,000 USDC.

According to information from Circle, blacklisted addresses are blocked from executing transactions through the USDC smart contract, with funds being “permanently unrecoverable”.

CENTRE is a consortium created by Circle and Coinbase, which issues the USDC stablecoin. USDC is extremely popular, with a circulating supply of over $1 billion.

πŸ‘‰ Kyber to Share Exchange Fees With KNC Token Holders

Kyber launched a decentralized autonomous organization on Tuesday, which will allow users to stake their KNC tokens and earn yields via a proportion of trading fees.

All Kyber exchange trades are charged 0.2% in fees – 65% of which will go to KNC stakers, 30% going to on-chain liquidity providers, and the remaining 5% going towards KNC burns.

πŸ‘‰ Ex-Counsel for Facebook Joins Coinbase as Chief Legal Officer

Former Deputy General Counsel for Facebook, Paul Grewal, has been announced to be joining the Coinbase legal team and Chief Legal Officer.

He was also a previously US magistrate judge in California, overseeing more than 1000 cases over a five-year span. This included major cases including an Apple vs Samsung dispute, as well as Oracle vs Google.