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Top Cryptocurrency Exchange Binance Converts $1,000,000,000 Secured Asset Fund from Bitcoin and BNB to USDC Stablecoin

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The leading global crypto exchange established the “Secure User Asset Fund” (SAFU) in 2018 to protect Binance users from “extreme situations.” The fund typically tries to maintain a balance of $1 billion, although fluctuating cryptocurrency prices have affected the value of its holdings over the years. At the end of 2022, the fund held $700…

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Toncoin and WIF beat Dogecoin and Shiba Inu to win the title of best performing altcoins

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Toncoin (TON) and Dogwifhat (WIF) are in the spotlight as they emerge as the best performing altcoins since the start of the year, ahead of other altcoins like Dogecoin (DOGE) and Shiba Inu (SHIB). Toncoin and WIF are leaders Data from CoinMarketCap shows that Toncoin and WIF are the best-performing altcoins among the top 50…

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Bitcoin Spot ETF outperforms 3,400 rivals with $2.3 billion weekly inflow

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Last week’s influx by all ten spot Bitcoin ETF issuers, including Grayscale, put the new offerings ahead of the 3,400 ETFs that existed before the U.S. Securities and Exchange Commission (SEC) gave its approval to the new group of Bitcoin backers. BTC in the region. . Spot Bitcoin ETF attacks its traditional rivals An illustration…

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Crypto exchanges see Bitcoin deposit boom amid Ethereum withdrawal

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According to recent data, the amount of Bitcoin held on centralized cryptocurrency exchanges increased by 32,058 Bitcoin over the past month. At the same time, Ethereum reserves on these exchanges have decreased as 262,904 Ether worth $597.42 million have been withdrawn from trading platforms since December 4, 2023. Bitcoin Rises as Ethereum Falls in Latest…

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Ripple Developers Launches Meme Contest on Holiday Community Boost

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Developers at Ripple Labs Inc. recently started a meme contest as part of their year-end community engagement efforts. Ripple Developer Meme Contest RippleX, the open platform for XRP Ledger developers, has introduced a unique and fun challenge for its developers and community members called #builtonXRPL Challenge. This initiative adds a touch of humor and creativity…

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Bitfinex Securities Reports $5.2 Million USDT Tokenized Bond Issuance

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Bitfinex Securities Ltd., a platform known for trading security tokens, announced that the first issuance of tokenized securities raised $5.2 million in USDT. First issuance of tokenized bonds A Luxembourg-based securitization fund called ALTERNATIVE guaranteed the financing. The Liquid Network sidechain issued the security ALT2612, which offers a 10% annual return for 36 months and…

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Bitcoin Network Strengthens: Hash Rate Hits New All-Time High

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Network data shows that Bitcoin mining hashrate has continued its recent upward trend and reached a new all-time high. Bitcoin’s 7-day average mining hash rate just hit a new all-time high “Mining hashrate” refers to a metric that monitors the total computing power that miners have connected to the Bitcoin blockchain. This indicator can be…

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NFT Trader Suffers $3 Million Loss in Multiple Attacks

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NFT Trader, a peer-to-peer non-fungible token trading platform, has suffered a series of multiple exploits resulting in multi-million dollar losses to users’ assets. The incident occurred on December 16, and bad actors made off with $3 million worth of tokens, including 13 Mutant Ape Yacht Club, 37 Bored Ape, some VeeFriends, and World of Women…

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Bitcoin Rewards Platform Lolli Raises $8M in Series B Funding to Scale Enterprise Offerings

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According to a report from TechCrunch, Lolli, a popular Bitcoin (BTC) and cashback rewards app, has successfully raised $8 million in a Series B funding round. The latest investment, led by BITKRAFT Ventures, will allow Lolli to expand its rewards program to business partners such as exchanges, neobanks, banks, payments companies and browsers. Lolli’s Bitcoin…