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Cointelegraph
Cointelegraph
GBBC gears up for growth with new board of directors & executive appointment
about 1 month ago
Kri
Kri
followers

Circle announced the removal of native USDC on the Tron Network (TRX) as part of its “risk management framework.” This raised concerns about Tron’s future in the market, which could impact TRX’s price performance. Notably, the company published the announcement on February 21, mentioning compliance as one of the three reasons for the decision. It happened less than a week after Circle’s Senior Director, Caroline Hill, spoke in Congress about Tether (USDT). “Our decision to discontinue support for USDC on TRON is the result of an enterprise-wide approach that involved the business organization, compliance, and other functions across our company. This action aligns with our efforts to ensure that USDC remains trusted, transparent, and safe – characteristics that make it the leading regulated digital dollar on the internet.”– Circle Therefore, Circle will effective immediately halt USDC minting on Tron. However, it will allow its customers to migrate Tron-based USDC to other supported blockchains until February 2025. On that note, Circle only directly serves businesses and institutional customers. Retail can use the cryptocurrency ecosystem to transfer or exchange tokens currently running on Tron. Tron (TRX) price analysis after losing USDC This decision can prove itself to be a tough hit against Justin Sun’s blockchain enterprise, Tron. In particular, Circle sends a strong message to the market about their trust in the Tron Network, a stablecoins’ paradise. Losing the second-largest stablecoin by market cap and volume could affect the demand for TRX, Tron’s DeFi ecosystem health, or influence the support of other institutions. Meanwhile, Tron’s native token is trading at $0.139 by press time, in an impressive bull rally year-to-date (YTD). On the other hand, such a performance has made TRX reach an overbought status in its daily Relative Strength Index. Tron price forecast sets a likely scenario of a price correction, fueled by recent news related to Circle’s decision to abandon Tron. In this context, TRX price may test the $0.10 psychological support as investors start migrating USDC from the network. Nevertheless, cryptocurrencies are unpredictable assets, and Tron price could find higher support if its ecosystem manages to find relevant demand on other fronts. Investors must be cautious in the following days and expect volatility. In closing, it is worth mentioning Circle declared an intention to offer native USDC services on new promising blockchains. Curiously, Radix Works recently added Lindsey Lim to its board of directors. Lim is a former senior director at Circle, which has sparked rumors about a future USDC implementation on Radix (XRD). #Write2Earn #TRX $TRX

4 days ago
唐华斑竹
唐华斑竹
followers

He Yi: Alarmism will not kill Binance, and a headquarters and board of directors will be established as soon as possible According to news on December 10, in response to previous rumors about Binance, Binance co-founder He Yi tweeted that only those mediocre clowns with no hope for the future need to FUD Binance on Twitter every day to attract public attention. Alarmism will not kill Binance, it will only make more people stand with Binance. This is an era of highly transparent information. Technology changes the world. Binance is a technology company and we will establish a headquarters and board of directors as soon as possible. However, this is not directly related to transparency and success, but to the need to better fit the image of a "financial institution".

3 months ago
Crypto Ahmet
Crypto Ahmet
followers

🔥💥Cathie Wood supported Elon Musk, Musk shared a post. What's happening! 😳 Cathie Wood, CEO of ARK Invest, one of the companies that launched the #Bitcoin ETF, came out in support of Elon Musk, who wants to move Tesla's headquarters to Texas. Musk responded by sharing Wood's video. Elon Musk, CEO of Tesla, one of the largest electric vehicle manufacturers in the world, severely criticized the “compensation package decision” received by the Delaware court, while #ArkInvest CEO Cathie Wood received support. "Musk is one of the renaissance people of our time...” Cathie Wood, who participated in a publication of Yahoo Finance from the US media, said that the Delaware court's rejection of Musk's $ 56 billion compensation package was an unfair decision and used the following statements: “The decision taken is a decision against investing, which is one of the most important elements of America. Tesla ignores the board of directors and shareholders. Musk is one of the most important and visionary people of today, one of the renaissance people. It is not right to impose obstacles on such people.” As it is known, in 2018, a Tesla shareholder stated that Musk's compensation package was unfair and filed a lawsuit. This month, a Delaware court judge ruled that Musk's compensation package was unfair and exaggerated. Musk, on the other hand, decided to move the headquarters of Tesla and SpaceX to Texas after this decision. He shared Wood's video without comment Musk, who shared the video of Wood supporting him from the X account, drew attention to the fact that Musk did not comment. Tesla had sold $900 million worth of Bitcoin after the price drops that came after the Terra LUNA crash in 2022. The company still has Bitcoin worth close to $ 500 million in its hands. ARK Invest is also known for its Tesla shares, which it holds a significant number of. #elonMusk #binance #Tesla

5 days ago
koinmilyoner
koinmilyoner
followers

President Recep Tayyip Erdoğan of Turkey has named Professor Fatma Ozkul, a highly knowledgeable individual in the field of crypto assets and blockchain technology, to the committee responsible for determining the interest rate at the central bank. According to a story that was published by Bloomberg not too long ago, the nomination of Ozkul was declared in a decree on the 22nd of December. Since the year 2012, Ozkul has been working as a lecturer at Marmara University in Istanbul, where he mostly teaches accounting, finance, and auditing principles. Her knowledge encompasses blockchain technology as well as digital assets, and according to her university profile, she even wrote a book on crypto asset accounting in 2022. Her experience extends to both of these areas. It is now official that Ozkul has been appointed to the Monetary Policy Committee of Turkey's central bank. The major job of this committee is to determine the benchmark interest rate in order to maintain inflation control. As a reaction to Turkey's inflation rate exceeding 61.98% in November, the committee decided to raise the country's interest rate by 2.5 percentage points, bringing it up to 42.5%. This decision was made on December 21. Following his victory in the general election held in Turkey in May, Erdoğan announced the formation of a new economic team, which included the appointment of Hafize Gaye Erkan, a former banker at Goldman Sachs, to the position of governor of the central bank. It was in the year 2022 that the central bank of Turkey successfully carried out the first test of its very own digital currency, which was called the Digital Turkish Lira. Turkish Cryptocurrency Adoption Is Exploding A survey by Chainalysis, a company that specializes in blockchain analytics, found that Turkey has experienced a boom in the adoption of cryptocurrencies, and the nation currently ranks fourth globally in terms of the raw number of cryptocurrency transactions. According to the analysis, Turkey saw nearly $170 billion in cryptocurrency activity between July 2022 and June 2023. This places Turkey closely behind the United States of America, India, and the United Kingdom in terms of cryptocurrency activity. To add insult to injury, a poll that was carried out earlier this year revealed that Turkish people are increasingly resorting to cryptocurrency investments as the country continues to suffer from rising prices. As shown by the poll, more than fifty percent of the Turkish population is now engaged in the cryptocurrency market. The number of crypto investors in the nation has increased by 12% over the previous 18 months, with data climbing from 40% in November 2021 to an astonishing 52% by May 2023. This marks a significant increase in the number of crypto investors in the country. Especially in light of the enormous devaluation of the Turkish lira by more than fifty percent in comparison to the United States dollar, the findings demonstrated a growing interest in and acceptance of cryptocurrencies as a means of protecting citizens against inflation. There has been a significant shift in the demographics of crypto investors among Turkish adults over the course of the previous year and a half, according to the poll, which also showed this fact. Women's involvement rates, particularly among younger generations, are showing an increasing trend, despite the fact that males continue to dominate the market with a share of 57%. To be more specific, over half (47%) of cryptocurrency investors between the ages of 18 and 30 are female, which suggests that the gender gap is shrinking as the use of cryptocurrency grows more prevalent. As a result of the rise in the number of cryptocurrency transactions, the Turkish government is apparently contemplating the implementation of regulatory measures for the cryptocurrency market in the nation. #BTC #ETH #koinmilyoner $BTC $BNB

2 months ago
Crypto
ETH,BNB
AlienForm(A4M)

$9.59e-5

-0.88%

Market Cap
N/A
 

Volume (24h)
134.34k
 

28.45%

Released on 29 Dec 2023

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