Binance Successfully Converts $1B in SAFU Funds to Circle’s USDC
Binance moved its SAFU funds from Bitcoin and its native coin BNB to Circle’s USDC to ensure stability and reliability.
Binance moved its SAFU funds from Bitcoin and its native coin BNB to Circle’s USDC to ensure stability and reliability.
As Binance gears up to re-launch its services, it appears that the exchange is fully prepared to cover all its tracks.
The overall value locked for P2P.org has increased considerably, rising from $1.4 billion at the end of the first quarter of 2023 to an impressive $7.3 billion by the end of the first quarter of 2024.
Despite these positive developments, Hello Pal’s common shares are currently under a cease trade order due to the company’s failure to file audited financial statements.
Amidst this bearish trend, an on-chain analyst on X named AliChart has spotted a potentially favorable moment for investors to consider buying the LINK token.
Centrifuge platform announced its Series A funding round was led by ParaFi Capital and Greenfield with participation from a dozen other venture capitals.
Steingraber stated that while the price of XRP is currently determined by supply and demand on exchanges, traditional finance institutions such as Bank of America are restricted from using the asset due to regulatory requirements
This move by ByteDance into Web3 is not the first time the company has looked into blockchain technology.
The recorded investment in Web3 efforts increased considerably in Q1 2024 compared to figures from Q4 2023 as investor confidence heightens.
The announcement of the new partnership had an impact on both ADA and AGIX prices.
For the average millennial or at least anyone that pays attention to the business world, the term “cryptocurrency” would not seem like such a strange word. If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.
These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way.
Blockchain is the network upon which most of these cryptocurrencies operate on. The history of blockchain and bitcoin, in particular, does not have a definite story. In 2009, an individual or group of individuals known to be “Satoshi Nakomoto” developed and published the technology to allow people make digital payments between themselves anonymously without having an external party to verify or authorize the transfer of the currency being exchanged.
Although technologies like this might seem rather complex, understanding how Blockchain works is quite easy, given that one has a basic idea of how networks work. Blockchain is simply a database shared between several users, containing confirmed and secured entries. It is a network, where each entry has a connection to its previous entry.
This technology affords a very secure model whereby every record in the database cannot be tampered with. Apart from the stellar security that this network offers, the transparency and speed at which the network operates give it an edge over the conventional way of conducting transactions.
In simple terms, cryptocurrencies are just monies in digital form, transacted via digital means and over a digital network. The transfer of these currencies is utilized with cryptography and the aforementioned blockchain network. Up until the 2010s, cryptocurrencies were not really known until Bitcoin made its breakout and this gave rise to the birth of new cryptocurrencies.
Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.
Blockchain, on the other hand, is making its way into pervasive computing, especially IoT, giving way for the development of new solutions that embrace data security and transparency.