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Coinbase gets green light from FCA to offer direct crypto services in the UK

Coinbase`s FCA approval may boost UK crypto adoption, enhance market competition, and influence global regulatory approaches to digital assets. The post Coinbase gets green light from FCA to offer direct crypto services in the UK appeared first on Crypto Briefing . CoinTurk News

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THORChain to Issue Equity Tokens to Battle $200M Debt After Pausing Bitcoin, Ether Lending

THORChain`s members passed “Proposal6” to convert nearly $200 million of unserviceable debt into equity via a new token, TCY (Thorchain Yield), with a total supply of 200 million tokens. This action was taken after suspending THORFi services on Jan. 23 due to financial uncertainties, as CoinDesk reported. TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders. THORChain plans to establish a RUNE/TCY liquidity pool with $500,000 starting at $0.1 per TCY, funded by $5 million from the treasury. Holders of TCY will receive 10% of THORChain`s revenue indefinitely, providing a long-term incentive and recovery mechanism for those affected by the debt crisis — although the timeline for total financial recovery remains uncertain. THORChain`s cross-chain swaps, its main service, remain unaffected. Prices of the platform’s native RUNE are down 10% in the past 24 hours alongside a broader market fall, extending 30-day losses to nearly 50%. CoinTurk News