A passion-driven product brought to you by a team with a reputation for integrity and success, FairPlay is a tradable token with opportunity. Completely decentralized and renounced by the team, the FairPlay token has no hidden promises or controversial speculations.
The main thing about renouncement is the team doesn't control it at all anymore. It’s purely out there for people to play with no fear of the team trying to pull money, rug it, or manipulate it in the future.
Designed with the goal of showcasing their talents, FairPlay's developers present a token worth recognition.
FairPlay is what DeFi has been waiting for, the token uses a small 5% tax to accomplish the goals of an entire ecosystem. The tax is used to reward holders and incentivize buying by allowing buyers the opportunity to win a large sum of bonus tokens. By avoiding unnecessary team, development, and marketing tax allocations; FairPlay has the capability of being both a product and a service without external support or centralized control.
The Rising Dominance of Stablecoins in the Cryptocurrency Market
In the volatile world of cryptocurrencies, stablecoins have emerged as a beacon of stability, designed to offer the benefits of digital currency without the wild price swings associated with assets like Bitcoin and Ethereum. With a total market capitalization of approximately $136.60 billion, stablecoins now represent 7.61% of the entire cryptocurrency market cap.
This remarkable growth…
Bullish Vibes in the Crypto Market as Stablecoins Surge with a Remarkable $9.42B Growth
The cryptocurrency market is witnessing a substantial surge in the market capitalization of stablecoins, with an impressive increase of $9.42 billion over the past four months, according to data from Santiment. Notably, major stablecoins such as USDT, USDC, DAI, BUSD, TUSD, and USDP are contributing to this growth, signaling bullish conditions for the broader crypto landscape.
Hong Kong has adopted a proactive stance in regulating stablecoins, led by the Hong Kong Monetary Authority (HKMA), aiming to create a conducive environment for stablecoin innovation. This regulatory initiative has attracted the attention of global financial players, including the international division of China’s Harvest Fund Management. Prominent discussions with the HKMA involve entities like Harvest Global Investments Ltd., RD Technologies, and Venture Smart Financial Holdings Ltd., underscoring the increasing importance of stablecoins in the financial sector.
Several fintech and cryptocurrency firms are actively engaged in discussions about stablecoin trials within regulatory sandboxes. While the regulatory framework is yet to be finalized by the end of March, key players, including Venture Smart Financial Holdings Ltd., are anticipating the commencement of the sandbox in the first quarter of 2024.
The proposed introduction of the HKDR stablecoin, designed to facilitate cross-border business payments, is part of these regulatory discussions. RD Technologies, a fintech specialist, has expressed its intent to participate in the trials, subject to regulatory approval.
Sean Lee, Senior Adviser and Head of Stablecoin at Venture Smart Financial Holdings Ltd., highlighted the potential of a Hong Kong-dollar-referenced stablecoin as a robust alternative in the market. Leveraging the city's well-established financial sector, this initiative contributes to the ongoing evolution of the cryptocurrency market.
On 31st August 2023, Binance announced that it would gradually stop supporting BUSD stablecoin on its platform.
This is due to Paxos, the company that issues the BUSD stablecoin, pausing the minting of new BUSD tokens.
But the token will still be redeemable on Paxos till February 2024.
Starting December 31, 2023, at 03:00 UTC, BUSD withdrawals will be stopped.
Any remaining BUSD balances in…
Binance to Discontinue Support for BUSD: A Turning Point in Crypto Stablecoins
In a transformative move within the cryptocurrency realm, Binance, a leading player in digital currency exchanges, has declared its intent to halt support for Binance USD (BUSD) starting from December 15th.
This strategic decision follows Paxos' announcement to cease the issuance of new BUSD coins, signifying a pivotal shift in the landscape of stablecoins—a vital element in the digital currency ecosystem.
Transitioning Away from BUSD
Comprehensive Changes across Binance Services
Implications and Industry Impact
Transitioning Away from BUSD
Binance has advised its users to either withdraw or convert their existing BUSD holdings into alternative digital assets before the December 15 deadline. After this date, withdrawals for BUSD will be disabled, with any remaining BUSD balances automatically converted into First Digital USD (FDUSD), excluding users from specific countries.
This phase-out process encompasses various Binance services. BUSD will gradually be removed from spot trading pairs between December 11 and December 15, impacting popular pairs like BTC/BUSD and ETH/BUSD, with related open spot orders to be automatically closed.
Comprehensive Changes across Binance Services
Beyond trading platforms, the cessation of BUSD extends to withdrawals via the Ethereum network, scheduled to cease on December 31. Additionally, Binance has ceased withdrawals of Binance-Peg BUSD tokens through various networks since early September.
Conversions and Over-the-Counter (OTC) services will still allow users to convert BUSD balances to FDUSD at a 1:1 conversion rate, albeit with temporary suspensions to facilitate the transition process.
Binance's loan services will delist BUSD as collateral, and services like Binance Earn, Binance Card, Binance Pay, and Binance Gift Card will undergo modifications due to the phasing out of BUSD.
Implications and Industry Impact
Binance's move signifies a critical juncture in cryptocurrency exchanges and the broader digital asset market. It underscores the dynamic nature of this sector, where adaptability to regulatory and market changes is paramount.
This transition emphasizes Binance's commitment to transparency and sustainable growth within the crypto ecosystem. The decision could have far-reaching effects on the stablecoin market and the strategies employed by traders and investors in the digital currency domain.
In essence, Binance's discontinuation of BUSD support marks a momentous milestone in the cryptocurrency sphere, highlighting the need for exchanges, investors, and traders to remain agile amid the evolving landscape of digital currencies and market dynamics.
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Son dakika: Binance bu likidite çiftlerini kaldırdı! İşte detaylar...
Dünyanın en büyük kripto borsası Binance, cuma günü yaptığı açıklamada Binance Liquid Swap’taki seçilmiş likidite havuzlarını kaldırdığını duyurdu. Kripto para borsası; Bitcoin (BTC), Ethereum (ETH), BNB, Cardano (ADA), Polygon (MATIC), Solana (SOL), Shiba Inu (SHIB) ve Dogecoin (DOGE) dâhil olmak üzere bazı önemli likidite havuzlarını kaldırıyor.
Binance Liquid Swap, kullanıcıların havuzlara…
Say Goodbye to Binance's Lending Services for BUSD by October 25
Crypto exchange Binance recently announced that it will be discontinuing its lending and borrowing services for its local stablecoin BUSD by October 25. This news comes as a surprise to many in the cryptocurrency community, as Binance had been offering these services for over a year. While it is not yet known what led to the decision, this shift could have major implications for those who use…
The Cryptolic token is a deflationary token on the Binance Smart Chain (BSC). This token will reflect the team’s initiative to provide meaningful growth vehicles for holders and partners. An integrated organization with a passion for expanding the utility, development, and community of DeFi.
Cryptolic (CPTLC) serves as a unique way to gain rewards from the buy/sell volume, and additionally through profit sharing from the Service Agency. This allows holders to use Cryptolic as a long-term growth vehicle even during times of market fluctuation.
انخفاض المعروض المتداول من العملات المستقرة بشكل كبير.. هل في طريقها للانهيار؟
تمر العملات المستقرة في الآونة الأخيرة بالعديد من الأزمات والمنعطفات مما أثر على أسعارها وأحجام تداولها وثقة المستثمرين بها.
كل ذلك انعكس على المعروض المتداول فأظهرت بيانات Glassnode اليوم، دراسة حول العملات المستقرة وعرضت بيانات مفادها، أن المعروض المتداول من العملات الرقمية المستقرة في منصات التداول ككل قد انخفض بأكثر من النصف إلى أقل من 24 مليار دولار في الأربعة أشهر الأخيرة.
انخفاض المعروض…