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Tag: Binance
Binance BUSD Trading Volume Surges By 70%, What Is The Reason?
The introduction of stablecoins, like BUSD into cryptocurrency brought hope to many long-term investors. For those skeptical of the crypto space due to volatility, stablecoins become handy as their sailing means. As the name goes, stablecoins are meant to remain stable to the real-time value of the fiat currencies they are pegged to. Also, some come pegged to tangible assets and cash that facilitate their stability. But the collapse of the algorithmic stablecoin, TerraUSD UST, and its native token, LUNA, created a big hollow for stablecoins. It shifted the paradigm…
Binance Ditched USDC, USDP and TUSD. Even Circle Internet Financial Was OK With It
With some $20 billion in average daily volume over the past month, the Binance exchange is roughly eight times larger than its nearest competitor, FTX, in terms of transactions, according to Coinranking. Thus, its announcement stirred some controversy at first, interpreted as the exchangeโs attempt to use its heft to prop up its own $19 billion stablecoin and simultaneously favoring Tetherโs USDT, the largest stablecoin, worth $67 billion, over its challenger, the $52 billion USDC. Source
Who Benefits From Binance Converting USDC to Its Own Stablecoin?
Gaevoyโs, and perhaps Binanceโs, argument is that this cuts out steps for USDC users who want to trade on Binance. People can still issue USDC as before, deposit it on Binance, do what they want to do and withdraw in USDC. Notably, exchange FTX has had automatic conversion of USDC, which has benefited market makers, he added. Source
Circle co-founder says converged dollar books on Binance would be good for USDC
According to a new Twitter post, Jeremy Allaire, co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, said that the recent decision by Binance to merge stablecoin dollar books is โa good thingโ for USDC. โThis move would lead to a gradual net share shift from USDT to BUSD and USDC,โ said Allaire.ย The day before, Binance announced it would cease trading support for USDC and auto-convert deposits after Sept. 29 to a consolidated Binance USD balance comprising other stablecoins pegged to the U.S. dollar. Users will be able…
ethereum : EFFONDREMENT ou TSUNAMI de 500 % le 15 septembre ! ๐ฃ ethereum THE MERGE crypto monnaie ๐ฅ
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io ethereum va connaitre une des plus importantes mise ร jour de la crypto monnaie et de son histoire le 15 septembre ! Grosse hausse ou grosse correction ? On dรฉbrief ! ๐ Abonne Toi : ๐Inscris toi ร la newsletter GRATUITE : โ ๐ acheter de l’ETHEREUM sur Bybit: / 3500 $ Bonus 0:30 Recap ethereum 1:22 Qu’es-qu’un hardfork 3:00 Pourquoi THE MERGE ? 5:43 the merge c’est quoi ? 8:06 le sharding 9:13 Recap the merge 9:56 the surge 10:17 the verge…
Is Coinbase going bankrupt? WHAT TO DO?
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Is Coinbase going bankrupt? WHAT TO DO? Join My Telegram: Follow Twitter: business inquiries – itsrikocrypto@gmail.com TG – @davenazza Follow Prime XBT: Follow Coinbase: *Disclaimer* I am not in any way a certified financial advisor, nor do I pretend to be one. Any information or advice I give you on any social media platform is simply my opinion based on my own experience and research. There is no guarantee on anything due to the fact that there are many variables that play…
BREAKING BITCOIN NEWS! BLACKROCK startet SPOT BITCOIN FONDS! Crypto News
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Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD โ Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Original
Binance to temporarily suspend ETH and WETH deposits and withdrawals ahead of the Merge
Cryptocurrency exchange Binance announced Monday that it plans to halt all deposits and withdrawals of Ethereum (ETH) and Wrapped Ethereum (WETH) on selected networks, starting September 6th at 2 am (UTC) in anticipation of Ethereum’s Merge event. #Binance will suspend deposits and withdrawals for Ether $ETH and Wrapped Ether $WETH on the following networks starting from September 6, 2022 at 02:00am UTC. ETH (Arbitrum) ETH (OP) WETH (RON) โ Binance (@binance) September 5, 2022 In the announcement, the company shared a list of tokens and networks that will be impacted…