Coinbase just issued an alert to the crypto traders out there. The exchange said that they would no longer support 6 ETH-based altcoins.
Coinbase reveals important warning
Coinbase just issued an alert to crypto traders, warning it is preparing to end support for six altcoins built on Ethereum.
“The US-based crypto trading giant says it’s preparing to delist Rally (RLY), DFI Money (YFII), Mirror (MIR), OMG Network (OMG), Loom Network (LOOM), and Augur (REP),” the online publication the Daily Hodl notes.
The coins will no longer be available for trading starting on Wednesday, March 29th.
“Investors in those assets will still be able to withdraw their funds indefinitely,” the same online publication said.
Coinbase has not explicitly outlined why it is removing the crypto assets from its platform, aside from stating that it “regularly monitor(s) the assets on our exchange to ensure they meet our listing standards.”
In a blog post from back in May of 2021, Coinbase addressed the requirements needed for any altcoin to be listed on the platform.
According to the latest reports, it seems that the Fed is planning to pause interest rate hikes in March. Check out the latest news about the decision below.
Fed to pause interest rate hikes
It’s been just revealed the fact that the US financial titan Goldman Sachs reportedly believes that the Federal Reserve will not raise interest rates this month following the high-profile collapses in the banking sector.
Goldman Sachs’ chief economist Jan Hatzius predicted on Sunday that the Fed “would pause rate hikes this month instead of bumping them up by another 25 basis points, as was previously expected”, according to a report from CNBC.
He said the following:
“In light of the stress in the banking system, we no longer expect the FOMC [Federal Open Market Committee] to deliver a rate hike at its next meeting on March 22nd.”