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U.S. Bank Crisis Prepared $81.83 billion for Crypto Bull Market
The increase in market capitalization of stablecoin Tether(USDT) may be a sign of crypto bull market. Amid a series of collapse of traditional U.S. banks, U.S. investors have begun to choose Tether. # U.S. Bankruptcy Woke Investors From Matrix The beginning began when the idea on asset deposits has been changed from investors. This is because banks, which were considered the 'safetyiest places' for asset deposits, have gone bankrupt one after another. The back-to-back bankruptcies of U.S. banks, which began in earnest in March, have created wid
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Ripple and XRP Investors Accompanying with Diffrent Ulterior Motive
# They said "They Don't Mind Much," But Everyone Has Been Caring for the Verdict. Litigation with the U.S. Securities and Exchange Commission (SEC) is not the top priority of Ripple's business, and Ripple puts more emphasis on Ripple's business expanding worldwide." Ripple's executives visited South Korea last week to hold a policy summit. Brooks Entwistle, a senior vice president of global customer success of Ripple, and Rahul Advani, a general manager of Asia-Pacific policy of Ripple, visited in Korean and had a meeting wi
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Hong Kong Will be the Launcher for Next Crypto Bullish Market
"The next bullish market for cryptocurrency will begin in the East." Many 'big players' in cryptocurrency marekt have pointed out that the opposite policies for cryptocurrency acceptance between the East (Asia) and the West (US) will be represented as the result of next bull market. Cameron Winkleboss, co-founder of the cryptocurrency exchange Gemini, recently tweeted, "We know that cryptocurrency has become a global asset group and is an unstoppable trend. If we do not provide a clear regulatory system, the U.S. government will disappear into the dust." In addi
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The U.S. Regulators' Stablecoin Regulation Will Open Cryptocurrency Prosperity
"The U.S. regulatory authority's Stablecoin regulation is a sign that means a 'market prosperity period', not a 'market ice age'." # 'Stablecoin Fear' Started in BUSD of Binance Recently, the cryptocurrency market has been in great fear due to the U.S. regulatory agency's stablecoin crackdown. Major U.S. regulators, including the U.S. Securities and Exchange Commission (SEC) and the New York Financial Services Agency (NYDFS), suddenly launched an crackdown on the world's third-largest stablecoin Binance USD (BU
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WEMIX Listed on Mercado Bitcoin, The Largest Exchange in Brazil
SEOUL, South Korea, Feb. 15, 2023 /PRNewswire/ -- WEMIX, the utility coin of the world's biggest blockchain gaming platform (WEMIX PLAY), successfully completed its listing on Mercado Bitcoin, the largest crypto exchange in Brazil, on Feb 14, 5 pm (UTC). The listing enabled WEMIX trading via Brazilian Real, the country's official fiat currency, largely enhancing the accessibility for Brazilians. Founded in 2013, Mercado Bitcoin is the largest crypto exchange in Brazil. It provides trading and staking se
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Sam Shim "Supporting Korean Developers Advance Into the World"
As a layer 1 blockchian of Binance, 'Binance Chain(BNB Chain)', has been cleary growing during 'Crypto Winter'. The BNB chain has long surpassed the Ethereum network by expanding its force with the growth of 'NFT' and 'DeFi'. In the market, BNB Chain, which has the world's No. 1 exchange Binance on its back, would consider it as the global largest layer 1 blockchain. The BNB chain has given blockchain developers the perception of 'a front runner' that it has the largest scale of blockchain in the world. However, it is still unfami
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Tom Lee & Chae-rin Kim "Solana Is Still Growing After FTX Crisis"
In 2021, the concept of Web 3.0 was introduced to the public as NFT and DApp emerged as the trend of new technology. Solana(SOL) heated up the market with emerging technology projects at the center. Solana has emerged from the Ethereum-dominated market ecosystem as one of the next-generation power forces in the era of Web 3.0. Solana is definitely the one that grew the most among blockchain projects during last two years. However, last year, the collapse of FTX, a major partner of the Solana Foundation, caused Solana's price to plunge, which is suffe
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Scott Lee "NEAR Protocol Is Dreaming of Web 3.0 Transformation"
From 2021, the term 'Web 3.0' has appeared on a large scale around the world, suggesting a huge change to society. In the existing Web 2.0 world, a number of web 3.0 projects that include new concepts with somewhat unfamiliar terms such as 'Smart Contract' and 'DApp' would be introduced and some of which have made big trends. Projects that have emerged to build a Web 3.0 world have fascinated developers and investors with their own technology, and this process is still ongoing. These projects are persuading the world with their own definitions and strategies of the concep
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The Era of Petro Yuan Is Coming With Blockchain
The stablecoins pegged to Chinese yuan becomes a new 'Petro Yuan'. # 'Petro Yuan' Emerged in Conjunction with The Release of Stablecoin Pegged to Chinese yuan This month, Tether, the No. 1 stablecoin issuer in the market capitalization, has begun to promote the news of CNHT issuance in earnest. CNHT is an stablecoin pegged to offshore Chinese yuan. Although they released the CNHT in 2019, they has left it unsed for around three years. However they announed they will distribute CNHT through Tron blockchain network(TRC
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Binance Joins The Chamber of Digital Commerce to Support Building a Regulatory Framework for Crypto
PARIS, Dec. 20, 2022 /PRNewswire/ -- Binance, the global blockchain ecosystem behind the world's largest digital asset exchange, today announced joining the Chamber of Digital Commerce, a leading blockchain and cryptocurrency trade association. Binance joins the Chamber's Executive Committee to move the blockchain ecosystem forward alongside other industry players. "As an organization at the crux of the industry's rapid growth and complex regulatory environment, working hand in glove with policymakers, regulatory bodies and industry groups like the Chamber
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Gensler, 'Necessary Evil' For Intentional Crypto Bear Market
U.S. Securities and Exchange Commission Chairman Gary Gensler's stubborn persistency on crypto market was a inentional production. # Gansler and His Doubtful Suspicions Recently, a collusion between Gary Gensler and FTX's former CEO Sam Bankman-Fried became an issue , leaving the market in great confusion. Many people reported that Gensler was Sam Bankman-Fried's helper, especially helping Sam Bankman-Fried establish a securities trading platform IEX. On November 15, amid the collapse of the FTX and a major disrupt
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What is the Cause of Chaos Triggered by the FTX Crisis and How Could It Be End?
# There Can't be Two Suns In Novemebr, FTX went bankrupt five days after the capital liquidity crisis, overshadowing its reputation as the world's second-largest exchange'. Binance CEO Changpeng Zhao broke down the stronghold of the world's second-largest exchange in just two days after he expressed his intention to sell all of the FTT held by his company. FTX, which seemed similar to Binance but showed a great presence in the cryptocurrency market with different moves, has achieved significant growth this year. It would have been the best year wit
