Binance to Burn Binance-Pegged Tokens on Various Chains
Binance has announced plans to burn a significant amount of Binance-pegged tokens on various chains, such as BSC, MATIC, BNB, BPSC, and TRX. The burn will release the equivalent amount of native tokens that served as collateral and will aim to boost the token economics of the pegged tokens. Binance-pegged tokens are backed by the […]
Crypto Users Surge Over 580M Globally in 2023 – Crypto.com
A crypto.com exchange report showed that at the end of 2023, more than half a billion individuals, approximately over 580M, owned cryptocurrencies. According to the organization’s estimation, the worldwide population utilizing cryptocurrencies escalated by 34% in 2023, from 432 million to 580 million individuals. Upon further examination of the data, Crypto.com discovered that Ether users […]
Arthur Hayes Predicts BTC to Dump Below $40,000
BitMEX co-founder Arthur Hayes predicts Bitcoin (BTC) price will fall below $40,000, $200 for Solana (SOL), and $5000 for Ethereum until the US Treasury’s quarterly refunding announcement. In a January 22 post, billionaire Arthur Hayes, co-founder of BitMEX, expresses his pessimistic outlook on Bitcoin. Arthur Hayes, co-founder of BitMEX, predicted the price of Bitcoin on […]
Ondo Finance Expands to Asia Pacific to Offer Tokenized U.S. Assets
Ondo Finance, a leading issuer of tokenized securities, has opened its first office in the Asia Pacific region, aiming to tap into the growing crypto market and demand for U.S.-based asset classes. The company offers three tokenized products that provide exposure to U.S. Treasuries, money market funds, and bank deposits. Tokenized securities offer several benefits, […]
CryptoCom Confirms Delisting Terra Luna Classic (LUNC)
Crypto.com exchange has confirmed the emails received by investors about LUNC’s delisting from the platform. The news caused the price of LUNC to drop by approximately 10%. Several Terra Luna Classic community members expressed apprehension regarding emails circulated on February 15th, claiming that Crypto.com had delisted LUNC. The community speculated that the emails might have […]