• Dash experienced an outage lasting for more than 18 hours.
• Executives of South Korean exchange Coinone were indicted in a paid listing and market manipulation scandal.
• Stablecoin exchange balance dropped below $20B after the integration of Tether’s USDT for payments.
Dash Experiences Outage
Dash, a decentralized payment platform, experienced an outage lasting over 18 hours. This incident caused disruption to users who rely on the platform for their transactions.
Coinone Executives Indicted
South Korean exchange Coinone was recently involved in a paid listing and market manipulation scandal, which resulted in its executives being indicted by authorities. The company is now facing legal repercussions due to its alleged involvement in illicit activities.
Ledger CEO Discusses ‚Sharded‘ Recovery Seeds
Ledger’s CEO has commented on the potential disclosure of „sharded“ recovery seeds on subpoenaes issued by authorities. He believes that such measures could be taken by law enforcement when attempting to access a user’s data stored within Ledger’s wallets and other products.
Stablecoin Exchange Balance Drops Below $20B
The stablecoin balance held across centralized exchanges has fallen below $20 billion – its lowest level since April 2021 according to Glassnode data analyzed by CryptoSlate. This may be attributed to increased regulatory scrutiny and the capitulation of several crypto-friendly banks in recent months. The affected currencies include BUSD, GUSD, HSUD, DAI, USDP, EURS, SAI, sUSD, USDT and USDC.
Strike Integrates Tether’s USDT For Payments
Strike recently announced the integration of Tether’s USDT into its platform for payments purposes. This allows users to make instant transfers with low fees using one of the world’s most popular stablecoins as their currency source instead of traditional fiat options like USD or EURO .