Day: August 8, 2024

How Bitcoin Collateral Benefits Borrowers, Lenders, and Investors Alike

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Finance, an ancient discipline shaped by various moral philosophies, has seen borrowing and lending practices evolve over centuries. Early Islamic, Judaic and Hindu traditions prioritized mutual benefit and asset stewardship, focusing on equitable risk-sharing rather than interest payments. In this context, thoughtful and pioneering credit managers are emerging to integrate bitcoin, a distinctive digital asset, into a novel opportunity to reshape financial relationships. When added to the collateral package in structured lending, bitcoin’s inherent properties create potential benefits for borrowers, lenders and investors. By aligning the interests of all parties…

TON Climbs 10% Ahead of Binance Listing

The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it the eighth largest crypto asset […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Crypto Analyst Forecasts XRP Price Post-SEC Lawsuit Resolution

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Crypto analyst Doctor Profit (@DrProfitCrypto) has published a XRP price prediction following Ripple’s partial victory over the US Securities and Exchange Commission (SEC) on Wednesday. The analysis, delivered to his substantial follower base of 311,000 on X, delves into the implications of the court’s decision and the technical outlook for XRP. Implication For XRP Doctor Profit began by revisiting XRP’s historical performance, emphasizing its resilience and significant milestones. He reminds his audience that XRP price surged an extraordinary 60,000% in 2017 and has maintained a top-ten position in crypto market…

DeFi Protocol Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield

Mountain Protocol’s USDM, for example, backs its price by holding U.S. Treasuries, but passes on the bond yields to token holders unlike stablecoin giant Tether’s USDT. Maker’s stablecoin shares protocol revenues from its real-world asset (RWA) backing and DeFi lending activity for savings DAI (sDAI) holders. Meanwhile, Ethena’s “synthetic dollar” USDe harvests the funding rates with a carry trade, and shares the revenue with those who lock up (stake) the token on the protocol. Source

Binance Recovers $73 Million in Stolen Cryptocurrency, Up 33%

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As of July 31 this year, Binance had recovered $73 million in stolen cryptocurrencies. This represents a notable 33% increase from the approximately $55 million secured in 2023. Recovering and Freezing Illegal Crypto Assets According to the crypto exchange giant, the platform’s security team has been at the forefront of recovering misplaced and lost funds and freezing ill-gotten gains that find their way onto the exchange. Binance has also reportedly collaborated with both industry peers and the public sector to ensure that affected users receive the necessary support. Approximately 80%…

Ethereum Whale Double Down on New Cryptocurrency Built on ETH Blockchain

Ethereum (ETH) whales are making headlines by investing heavily in a new cryptocurrency that has taken the digital finance world by storm—Mpeppe (MPEPE). Built on the Ethereum (ETH) blockchain, Mpeppe (MPEPE) represents a significant shift in the cryptocurrency landscape, combining the best of meme culture with the robust functionality of decentralized finance (DeFi). Here’s a detailed look at why Ethereum (ETH) investors are flocking to Mpeppe (MPEPE) and what makes this new cryptocurrency stand out. Why Ethereum (ETH) Whales Are Turning to Mpeppe (MPEPE) Mpeppe (MPEPE) is quickly becoming a…

Ripple Price (XRP) Soars 17.5% While Bitcoin (BTC) Rises 5.3%, Leading CoinDesk 20 Index Higher

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

$14 Million BTC Transfer From Satoshi Era

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As long-dormant Bitcoin wallets have unexpectedly sprung back to life and have transferred millions of dollars worth of BTC, the bitcoin realm has been humming with activity. The crypto community has been interested in these movements as they raise issues about the possible influence on the market. Related Reading Mined only one year after the launch of the first bitcoin, it has been unaltered till today. Early on in 2010, the miner had painstakingly accumulated 250 BTC using five wallets. The value of these coins was almost $13.95 million as…

DOGE Holder Have Been Forced Not To Ignore Rival Coin Mpeppe and Its 1000x Gains

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Dogecoin (DOGE) holders are finding themselves at a crossroads. As Mpeppe (MPEPE) emerges with unprecedented growth and potential, the question arises: can Dogecoin (DOGE) continue to hold its ground, or is Mpeppe (MPEPE) set to eclipse its predecessor? Here’s why Dogecoin (DOGE) investors are being compelled to pay attention to Mpeppe (MPEPE) and its staggering 1000x profit potential. The Rising Tide of Mpeppe (MPEPE): What Sets It Apart Mpeppe (MPEPE) stands out in several key ways that are grabbing the attention of Dogecoin (DOGE) holders. Firstly, Mpeppe (MPEPE) combines the…

Ethereum (ETH) Investors Join Mpeppe (MPEPE) To Make Generational Wealth

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Ethereum (ETH) investors are increasingly turning their attention to Mpeppe (MPEPE), a new cryptocurrency poised to create significant generational wealth. Mpeppe (MPEPE) leverages the robust infrastructure of the Ethereum (ETH) blockchain and integrates advanced DeFi protocols to offer a compelling investment opportunity. Here’s why Ethereum (ETH) investors are flocking to Mpeppe (MPEPE) and what makes it a standout choice in the rapidly evolving cryptocurrency market. Mpeppe (MPEPE): A New Era of Wealth Creation on Ethereum (ETH) Mpeppe (MPEPE) is making waves in the cryptocurrency world by offering a unique blend…