If you have been watching some of the more popular YouTube crypto channels, than you might have noticed that they often will be promoting some of “lending platform”. More specifically, we touch on the mind and application of a product manager in tech, the journey of how a mortgage business lead Dimitri to founding Modern Treasury, Embedded Finance, and so so much more! But while such issues have certainly put a dent on Binance’s profile as a business, CZ makes it clear that his enterprise is very much open to the idea of regulation. “Loan-to-deposit ratio determines how much money a commercial bank can lend,” Aurora Wong, vice president of crypto firm ZB Group, said. We’re on a mission to empower people to do more with their money. Of the $3 billion TUSD in circulation, more than $2.2 billion are on the Tron blockchain. Prime Trust holds almost one-third of the AUDIO in circulation, meaning any fire sale would move the token’s price and likely net it less than the $60 million it is worth today.
SAN FRANCISCO–(BUSINESS WIRE)–Binance.US (“Binance.US” or the “Company”), a leading United States-based digital asset exchange and marketplace, today announced it has raised over $200 million in its seed round at a pre-money valuation of $4.5 billion. A crypto exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price. Binance users traded cryptocurrency-related assets worth $90 billion in a single month in China, where such trading has been illegal since 2021, the Wall Street Journal reported, citing internal figures, and current and former employees of the exchange. Chinese users contributed $90 billion in trading volume on Binance in just a month, making it the single-largest global market for the leading crypto exchange, the Wall Street Journal (WSJ) reported. Yet this doesn’t appear to have deterred traders from using Binance through VPNs and foreign residency cards, The Wall Street Journal reported. So far, Launchpad has raised funds and rolled out more than sixty crypto projects since 2019. Those tokens have since accrued billions of US dollars in value.
He has been a newspaper man for more than 30 years, wakeupitsmonday.com working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. Sean O’Meara is an Editor at Asia Financial. China is Binance’s largest market, with almost 1m active users, despite cryptos being illegal. BUSD liquidity on Binance, the stablecoin’s main market, significantly deteriorated last month. Last year, several local cryptocurrency exchanges, including Lemon Cash, launched their own cryptocurrency card offerings. Notably, last month, the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its founder Changpeng Zhao, accusing them of several misdeeds, including illegal operations and the misuse of customer assets. Cryptocurrency exchange Binance will not offer products in Singapore dollars and will stop all online communication operations in the country by Friday, after a warning from the local regulator, according to an announcement on the company’s website on Sunday. On the other hand, Binance officially started its exchange in Japan on August 1, marking its long-awaited return to the Asian nation after five years. Binance’s prepaid card was rolled out back in early August in partnership with financial services corporation Mastercard in Argentina. According to documents obtained by the Journal, Chinese users traded crypto assets worth $90 billion in May this year, making it Binance’s largest market by far.
Daily TUSD trade volumes on decentralised exchanges averaged about $2 million in the second quarter of 2023, the firm said in a research report published Monday, and about $2 billion on Binance. In this analysis we look at the new report from ARK Invest, supporting its Metaverse Singularity thesis, and the investment implications thereof. The transactions made China Binance’s biggest market by far, accounting for 20% of volume worldwide, excluding trades made by a subset of very large traders, according to the report published on Tuesday, without specifying the month in which the transactions were made. Cryptocurrency, also known as crypto-currency or crypto, is a form of currency that exists digitally or virtually in the forex market and uses cryptography to secure transactions of the traders. Bitcoin is a cryptocurrency that facilitates transactions directly between two persons without the use of a third party such as a bank. MetaMask is a popular choice with BSC users for its simplicity and ease of use. Be fast. The token sales will work in a “first-come, first-served” format, whereby the first users to click the “Buy Now” button will be able to buy a certain amount of each project’s tokens. New Token Trading. After the distribution of tokens is complete, Binance opens trading for that new token, allowing users to hold or trade it in the spot market.