As BUSD Dies, Tether's USDT Soaks Up Another $1 Billion - cyptoranking.com

2024-05-02

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A recent study conducted by the Bank of Canada delved into the role a central bank digital currency (CBDC) would play in improving financial inclusion, digital inclusion, and accessibility. The study concludes that while the Canadian financial ecosystem is inclusive, a CBDC might help tackle several challenges not dependent on the system itself. I’m ready for tomorrow, are you? Catch my livestream from 12-2pm tomorrow:https://t.co/r40WRqz8zw pic.twitter.com/bSxVuNPL2U As BUSD Dies, Tether's USDT Soaks Up Another $1 BillionThis exclusion has shifted focus towards Bitcoin, a decentralized cryptocurrency, as a possible alternative. Max Keiser, the co-host of RT’s Keiser Report, talked back in 2013 about the benefits of adopting Bitcoin to reshape the Palestinian financial system. “Silvergate had significant, multilayered concentration risk: The bank’s deposit accounts were largely funded from companies in one industry, and nearly all deposits were uninsured and noninterest bearing,” the Fed wrote in the summary report.

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The Multichain hack serves as a grim reminder of the challenges and vulnerabilities inherent in the DeFi space. While the promise of decentralized finance is revolutionary, the road to its mainstream adoption is fraught with hurdles. Security breaches of this magnitude not only harm the affected platform but also cast a shadow over the entire ecosystem.Coinbase’s Base records 25% increase in TVL following massive USDC minting Developers using zkSync Era can use SubQuery’s adaptive, fast, open, and decentralized data indexing solution. This integration gives blockchain developers tools to manage and query on-chain data for protocols and apps. Is MetaMask a safe wallet?The blog post also hinted at future DeFi integrations, mentioning an integration with Yearn and a forthcoming lending protocol.Utopia Labs to sunset services next month, signaling business model shift “FTX was not fine. Assets were not fine, because FTX did not have enough assets for customer withdrawals.”

The next major support is near the $26,500 level. A downside break and close below the $26,500 support might send the price further lower. The next support sits at $26,000. The key to making this approach to privacy both practical for regulators and agreeable to users could be, for instance, a decentralized data storage of user’s credentials such as idOS — a GDPR-compliant identity system recently announced during this year’s TOKEN2049 conference. With a solution like that, no single party is in control of user’s credentials even as the system verifiably ensures that users are not on any authorized sanctions lists. Mercuryo Introduces Easy Crypto Purchases in Vietnam ...Reliably excitable, and oftentimes drastically wrong, TV personality and financial advisor Jim Cramer waxed negative on Tuesday when brainstorming potential investment opportunities. The change does not mean that the CSA is changing its stance on crypto.

“A number change has been requested for this account. Reply with YES to appprove this change, or NO to decline. If we do not receive a response within 2 hours, the change will proceed as requested.” Unsurprisingly, the XRP price has retraced 10% from $0.54 to $0.49 over the past week. The upcoming delisting and changes in XRP trading pools on Binance could further impact transaction count negatively. Best Crypto Exchanges in Saudi Arabia (2023)GPU bitcoin mining Moreover, the purchase was funded from a digital wallet, which has been a part of the chain of transactions, anonymized by the Ethereum coin mixing service Tornado Cash. The new owner of the CrypToadz NFT received 1,115.9 ETH ($1.6 million) on Oct. 5

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