CZ Reveals Real Reason Tokenized Gold Has Not Taken Off
Binance Founder Changpeng Zhao believes tokenized gold relies too much on trust, a move that is against modern finance innovation.
Tag: cryptocurrency
Ex-Bush official mocked after ‘finding out he’s part of a criminal protection racket’
A Republican political figure was mocked on social media after he expressed outrage at Donald Trump’s latest move. Specifically, former George W. Bush administration White House press secretary Ari Fleischer, a Fox News contributor who served as press secretary under then-President Bush from January 2001 to July 2003, was confused as to why Trump commuted the prion sentence of disgraced GOP ex-lawmaker George Santos.”Why? This is a mistake,” Fleischer wrote on social media over the weekend. “Wire fraud and identity theft are serious crimes.”That led to numerous people calling out the GOP figure, including conservative strategist Tim Miller, who answered Fleischer:”Because you supported someone who is running a corrupt banana republic style government where enemies are prosecuted, criminal friends are pardoned, and foreign interests can buy favor by investing the leaders cryptocurrency. Hope that helps.”National security journalist Marcy “emptywheel” Wheeler also chimed in with, “Ari Fleischer discovers he’s part of a criminal protection racket.”.
Pi Coin Update: Technical Indicators Suggest Bulls Preparing a Comeback
The token has been moving sideways for several sessions, struggling to build any real strength. Yet under the surface, certain [.] The post Pi Coin Update: Technical Indicators Suggest Bulls Preparing a Comeback appeared first on Coindoo.
U.S. Bank Troubles Return – And Bitcoin May Be the First to Sense What’s Coming
Strike CEO Jack Mallers argued that the digital asset is reacting ahead of the traditional markets, describing it as “the [.] The post U. S. Bank Troubles Return And Bitcoin May Be the First to Sense What’s Coming appeared first on Coindoo.
Trump says 100% China tariffs unsustainable as crypto prices and U.S. markets fall amid renewed trade tensions.
TLDR Trump admits 100% tariffs on Chinese goods cannot last long. Crypto market plunges as trade tensions rise between U. S. and China. Trump plans to meet Xi in South Korea to ease tariff disputes. WTO warns U. S.-China rift could cut global growth by 7%. A week of financial turbulence deepened on Friday as U. S. President [.] The post Trump says 100% China tariffs unsustainable as crypto prices and U. S. markets fall amid renewed trade tensions. appeared first on CoinCentral.
Is ‘Uptober’ Back on Track for Chainlink Amid Massive Whale Buyups?
Is ‘Uptober’ Back on Track for Chainlink Amid Massive Whale Buyups?
Binance Expands Footprint In South Korea As France Ramps Up Crackdown
Binance, the world’s largest cryptocurrency exchange by trading volume, has successfully completed its acquisition of South Korean-based digital asset exchange Gopax. Binance’s Gopax Stake Finalized On October 16, industry sources reported that South Korean financial authorities had finalized their review of Gopax’s executive changes, which had been pending for an extended period. Binance initially acquired [.].
Japan’s Three Largest Banks Launch Joint Yen Stablecoin on Blockchain Platform
The post Japan’s Three Largest Banks Launch Joint Yen Stablecoin com. Japan’s banking giants are making a bold move into digital currency. Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC), and Mizuho Financial Group announced they will jointly issue a stablecoin pegged to the Japanese yen and US dollar. The consortium expects to roll out the digital currency by the end of this fiscal year. The three banks collectively serve more than 300, 000 corporate clients across Japan. By creating a standardized digital token, they aim to cut transaction costs and speed up payments between companies. Mitsubishi Corporation will be the first company to use the stablecoin for settling payments across its 240+ global subsidiaries. Building on Progmat’s Infrastructure The stablecoin will run on MUFG’s Progmat platform, a blockchain system designed specifically for regulated financial institutions. MUFG announced Progmat Coin in June 2023, creating infrastructure that lets banks issue digital tokens on multiple public blockchains including Ethereum, Polygon, Avalanche, and Cosmos. Unlike typical cryptocurrency platforms, Progmat emphasizes bank custody, regulatory compliance, and standardization. This means different banks can issue tokens that work together seamlessly for corporate payments. The platform meets strict requirements from Japan’s Financial Services Agency, which oversees all stablecoin issuance in the country. The technical setup allows tokens issued by different banks to be standardized and used for payments within companies and between separate businesses. MUFG plans to expand support to additional blockchain networks beyond the current four. Project Pax: Connecting Traditional Banking with Blockchain In September 2024, the same three banks backed Project Pax, a related initiative focused on cross-border payments. This project uses SWIFT’s existing messaging system to let banks instruct the Progmat platform to settle transactions on blockchain networks. Project Pax addresses major pain points in international business payments. The $182 trillion global cross-border payments market faces persistent challenges with speed, cost, and accessibility. By.
Bitcoin Crashes to $105,000 as Market Selloff Deepens
The leading cryptocurrency is down more than 5% in the past 24 hours and nearly 14% over the past week, [.] The post Bitcoin Crashes to $105,000 as Market Selloff Deepens appeared first on Coindoo.
Cardano Falls Below Key Support, Here’s How Low ADA Could Go
The predominant bearishness in recent Cardano price action has caused it to lose a key support, sparking speculations of further downside. Like most other cryptocurrencies, Cardano is correcting massively. Visit Website.