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Robinhood Crypto EU Expands Offerings With Circle USDC Stablecoin

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1 month ago

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Robinhood Crypto EU has expanded the options available on its platform, now including Circle’s USDC stablecoin to its European customers. The integration allows users to access a regulated digital asset that is dollar-based, expanding Robinhood’s product portfolio in the crypto space.

Robinhood Introduces USDC Stablecoin To European Users

According to a recent post on X, Robinhood Crypto EU has incorporated Circle’s USDC into its platform, enabling 24 million registered accounts to access the dollar-backed digital asset. This addition aligns with the trading platform’s strategy of offering users compliant options in the cryptocurrency space.

Circle’s CEO, Jeremy Allaire, acknowledged USDC coming on Robinhood stating that the platform could further boost the use of stablecoins in Europe. Beside USDC, Allaire emphasized on EURC, the euro stablecoin of Circle, as both assets operate within the framework of European regulations.

Circle’s CEO added, 

“EURC is the largest Euro Stable, has grown fast this year, is taking advantage of clear and fair regulations in Europe (alongside USDC!) and is growing TX volume, onchain FX use, and more and more exchanges and wallets launching support.”

Crypto Services Across European Markets

Robinhood continues to broaden its cryptocurrency portfolio, offering support for over 30 digital assets. The platform provides the lowest-cost trading across European markets, further cementing its position as a leading crypto platform. The inclusion of USDC in its offerings demonstrates dedication to providing investors with a diverse range of options.

Recently, the trading platform added Dogwifhat (WIF), a Solana-based meme coin, to its list of supported cryptocurrencies. The listing triggered a surge in WIF price and trading volume, highlighting its influence on market trends within the crypto sector.

In parallel developments, Circle launched USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) on the Aptos blockchain. This integration enables the native issuance of USDC on Aptos, improving its functionality within the network. It also enhances cross-chain interoperability and reduces dependence on bridged versions of the stablecoin.

The CCTP rollout facilitates seamless transfers between Aptos and other blockchains, such as Ethereum, Solana, and Base. The move complements Circle’s USDC strategy, further expanding its usability in decentralized finance.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Solana’s Phantom Wallet Sets Record Straight on Airdrop Rumors

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2 hours ago

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January 4, 2025

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The Solana Phantom Wallet has dazzled members of its community with a new revelation regarding its much talked about native token. Prior to this time, different influencers on crypto X have been publicizing how the non-custodial wallet had plans to launch a token with a planned airdrop for users. In the new update on X, Phantom Wallet said it has no plans to launch a token.

Phantom Wallet Squash Airdrop Plans

The non-custodial wallet said the it is thrilled with the enthusiasm of its users regarding the token’s prospects. However, the protocol said rather than focus on its own token, it is rather working to simplify how users share and discover new assets on its platform.

It directly addressed the PHNT asset speculation, saying “we do not have any plans to launch a token.” The wallet said it is working on social discovery with a special mission to help many discover and love the crypto industry.

This news update has triggered a mixed emotion among users. While some considered the update disappointing, others noted how important the update is to safeguard users from scammers. The update comes shortly after a Trust Wallet and BNB Chain’s crypto wallet security update.

Meanwhile, the Solana’s Phantom Wallet did not mention any specific effort regarding its social incentive for the community.

Impact on the Solana Ecosystem

The broader Solana ecosystem might suffer the brunts of this latest update as a Phantom Wallet. With a  new token on Solana, the demand for SOL as liquidity asset and fas fee will soar, setting the coin up for growth.

This is even more needed with the ongoing Pump Fun SOL selloff on exchanges like kraken. The memecoin launchpad has continued to sell its generated SOL revenue as the most used memecoin launchpad in the broader industry.

Amid these updates and negative ecosystem shifts, the price of SOL has jumped 5.05% in 24 hours to $216.75. This shows the Phantom wallet update has fueled no negative impact for the coin.

 

 

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Jesse Pollak Reveals Efforts To Tokenize Coinbase COIN On Base

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6 hours ago

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January 3, 2025

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Jesse Pollak, the core builder of the Coinbase Exchang-backed Ethereum layer-2 network Base has hinted at the plans for the tokenization of the firm’s COIN stock available on the protocol. He shared this vision in a post on X where he said “every asset in the world will be on Base.”

The COIN Tokenization on Base

According to Jesse Pollak, integrating COIN on Base is something the layer-2 developers are currently looking into. Amid conversations with community members, Pollak confirmed that despite the new tilt, there are no concrete plans regarding this tokenization for now.

The Base developer said the team are in an exploratory phase for now. The goal here remains to understand what the team needs to unlock from a regulatory standpoint that will enable COIN tokenization on Base. Considering the fragile nature of regulations in the United States, Pollak said the goal remains to launch COIN on the protocol “in a safe, compliance and future looking way.”

Despite the reservations, he confirmed that users can already access COIN on other protocols like BackedFi. However, the accessbility to BackFi is limited to non-US citizen. It remains crucial to secure regulatory clearance in order to unlock the product for all users as an open source platform.

In all, Jesse Pollak reassured community members that it is still day one, implying there is room for more plan refinement. The COIN launch on Base might help solidify the protocol’s rank as the biggest L2 on Ethereum after recently outshining Arbitrum.

Tokenization of Real World Assets: Who’s Leading the Pack 

Tokenization is a growing trend in the digital currency ecosystem with firms like Franklin Templeton and BlackRock taking the lead. While Franklin Templeton is one of the pioneered on Wall Street, BlackRock’s BUIDL money fund has continued to stir major milestone.

These asset managers are expanding their tokenized funds to protocols like Base Network for more reach.

BlackRock has continued to expand since its introduction last year. Lately, Frax Finance said its DAO has approved BUIDL as frxUSD reserve asset. This marks one of the major protocol expansion reported in the past few months.

Besides these firms, Ripple Labs is also getting into the tokenization game. Specifically, it has a partnership with Archax with growing reliance on RLUSD stablecoin and XRP Ledger as innovations to help drive growth in this niche.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pro XRP Lawyer John Deaton Warns Users Against Crypto Scams

Published

10 hours ago

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January 3, 2025

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As the cryptocurrency market grows, so do the tactics of scammers aiming to exploit unsuspecting individuals. Pro XRP lawyer John Deaton has issued a stern warning about evolving crypto scams. Deaton urged users to exercise caution and vigilance in safeguarding their digital assets.

Crypto Scam Alert: John Deaton Warns Users Against Evolving Tactics

In a detailed post on social media, John Deaton highlighted the dangers of sophisticated crypto scams targeting new and experienced users. Deaton stressed the importance of never sharing sensitive information like seed phrases or passwords. These details act as the key to accessing a user’s crypto wallet and can lead to the complete loss of funds.

Deaton shared a personal story about a near-miss incident where scammers hijacked his home WiFi and attempted to trick him into revealing his login credentials. The attackers used fake emails and calls posing as customer support representatives. John Deaton described the moment as a critical learning experience. He emphasized that scammers often create a sense of urgency to manipulate their targets.

The Pro XRP Lawyer added, 

“What people need to understand is that, not only do the emails look official, but it creates a sense of urgency and fear. The email states that your funds are at risk and you need to take immediate steps to protect your funds or they could be lost forever.”

Amid the increasing wave of crypto scams, Pudgy Penguins NFT holders have become the latest target. Coingape recently reported that scammers are using deceptive Google ads to lure users to fake websites designed to steal wallet credentials. This incident highlights the growing sophistication of attacks in the Web3 space and the urgent need for heightened security measures.

Sophisticated YouTube Scams Target Crypto Enthusiasts

A recent cybersecurity report from Kaspersky uncovered a new scam involving the use of YouTube comments. Scammers post crypto wallet seed phrases, claiming to seek assistance in transferring funds. These comments appear under finance-related videos and often portray the scammers as naïve beginners.

When an unscrupulous individual attempts to access the wallet using the shared seed phrase, they find it contains cryptocurrency, often USDT. However, to withdraw these funds, a small fee in TRX tokens is required. Victims transferring TRX to the wallet for fees soon discover their tokens are automatically redirected to the scammer’s account.

Multi-Signature Wallets: The New Tool in Crypto Scams

The wallet used in these scams is typically a multi-signature wallet, which requires multiple approvals to authorize transactions. This setup makes it impossible for the would-be thief to move the funds, even after sending TRX for fees. Instead, their TRX tokens are immediately drained, leaving them empty-handed.

More so, John Deaton pointed out that these scams exploit human greed, turning opportunistic individuals into victims. He warned that such schemes are becoming increasingly common and urged users to remain vigilant.

John Deaton advised users to adopt robust security measures to protect their digital assets. He emphasized the importance of enabling two-factor authentication and verifying the authenticity of emails and links before clicking. Additionally, he reiterated the critical rule,

”NEVER share passwords or seed phrases.”

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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