Crypto Exchange Huobi to Delist 7 Privacy Coins, Starbucks Partnership with Polygon
Updated: Sep 14, 2022
Daily Market Wrap
Crypto market cap: 1.03 Trillion, down 2.53%
BTC price stands at USD 22,191, up 1.71%
ETH price stands at USD 1,695, down 2.70%
Top gainer: Solana (SOL), up 7.65%
Top loser: Terra (LUNA), down 24.41%
News of the Day
Huobi to Delist Monero and Other Privacy Coins, Citing Regulatory Pressures
Why it matters:
Huobi will delist seven privacy coins on September 19, namely: Dash (DSH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC) and Horizen (ZEN)
Deposits have already been ceased on Monday and users are urged to cancel open orders for these privacy coins
In efforts to meet compliance policies across over 100 countries, the exchange has ended trading services on its futures, margin, ETP, OTC and trading bot services, and this delisting comes after privacy coins attracting intense scrutiny
Crypto Daily Spotlight
Starbucks Taps Ethereum Scaling Network Polygon for NFT Rewards
Brief introduction: Polygon is a Layer 2 scaling solution on the Ethereum blockchain. Polygon’s proof-of-stake network allows for low fees and a transaction rate of ~65,000 TPS on a side chain, before being finalised on the Ethereum mainchain. Its native utility token is MATIC. Polygon primarily focuses on increasing DeFi tools and applications by connecting blockchains.
Why it matters:
Starbucks plans to offer its customers NFT rewards, which can unlock access to merchandises and events – such as virtual drink-mixing class or a trip to Starbucks’ Costa Rican coffee farm, through Polygon
Customers can earn digital stamps, which will be minted as NFTs, by completing challenges and playing interactive games through its app and can purchase limited NFT stamps from the company
From September 12, customers and partners can join the waitlist to be the first to receive access to the Starbucks Odyssey experience launching later this year
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