INSIGHT
Binance Drives Effort to Return 100,000 ETH to Victims of Fraud
DUBAI, UAE, Sept. 26, 2022 /PRNewswire/ -- Binance applauds the United States' efforts to compensate victims of the 2017-18 Centra Tech fraud. The U.S. has recovered 100,000 ETH, which will be used to fund the remission pool that seeks to compensate over 170,000 victims of fraud who traded the CTR token. Binance has worked tirelessly to identify as many victims of this fraud as possible and is pleased they will be given the opportunity to get their funds back. "We don't tolerate crime in any way and we're proud to work with the U.S. D
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Binance Announces Global Advisory Board
PARIS, Sept. 22, 2022 /PRNewswire/ -- Binance, the world's largest cryptocurrency exchange by trading volume, is pleased to announce the creation of its new Global Advisory Board (GAB), comprised of distinguished experts in public policy, government, finance, economics, and corporate governance. The Global Advisory Board, chaired by former US Senator and Ambassador to China, Max Baucus, recently convened in Paris, France. The board's purpose is to advise Binance on some of the most complex regulatory, political, and social issues th
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Tether and The City of Lugano Announce 1 Bitcoin prize for Plan B Forum Ticket Holders
LUGANO, Switzerland, Sept. 22, 2022 /PRNewswire/ -- Tether Operations Limited ("Tether"), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization of over US $67 billion, and the City of Lugano have announced that they will be giving away 1 Bitcoin to Plan B Forum ticket holders at the upcoming conference. Slated to take place from 28-29 October 2022, three lucky ticket holders at the Forum will have the opportunity to win up to 1 Bitcoin (BTC) blockchain ballot prize.
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The Era of 'Energy = Bitcoin' is Coming
# The Era of 'Energy = Bitcoin' is Coming At September 2022, Russia declared a 'crypto international trade' that uses cryptocurrency for international trade settlement. Russia, the world's largest natural gas exporter, announced the use of cryptocurrency in trade settlement. It signal the advent of the new era that 'new energy currency' will appear after 'petro dollar'. In 2022, the world is suffering from severe inflation. One of the main causes of the current 'hyperinflation' is soaring energy prices. The outbreak of war between Russia and Ukraine and the result
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People's Bank of China Is Establishing a Digital Yuan System Accepted in Entire Chinese Society
The digital yuan (e-CNY) is a digital legal currency (CBDC) issued by People's Bank of China(the Central Bank of China). This year, the Chinese government introduced digital yuan payments to China's largest payment services such as WeChat and Alipay. Since CBDC competition affect the fate of furue digital financial supremacy, the digital yuan, which is being considered currently at the forefront, has became a primary concern for governments. At August 2022, The vice president of the People's Bank of China said, "The entire society
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The Fall of Dollar Amid Inflation, So What About the Currency of the New Era?
The reorganization of the global situation triggered by the Russian-Ukraine war seems to be signaling the end of the 'era of dollars'. The dollar has been a 'world reserve currency' for about 70 years under the reputation of the United States, which has been reborn as a World War II winner. After World War II, the path for the United States was clear. The United Stated has been existed as the leader of world financial system based on the absolute millitary power they'd achived through the wars. The United States has led global finance for more than
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With Prosperity of Digital Yuan, The Fraud Prevails
The digital yuan (e-CNY) is a digital legal currency (CBDC) issued by People's Bank of China(the Central Bank of China). This year, the Chinese government introduced digital yuan payments to China's largest payment services such as WeChat and Alipay. Since CBDC competition affect the fate of furue digital financial supremacy, the digital yuan, which is being considered currently at the forefront, has became a primary concern for governments. These are the main factors of The digital yuan. ◇1. The Fraud Prevails Related to Digita
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Why Can't Bitcoin Spot ETF be Approved?
At September 2022, Bitcoin (BTC) spot ETF is still not approved. It has been about a year since the U.S. Securities and Exchange Commission (SEC) approved its first Bitcoin futures ETF last year. Bitcoin ETF approval means that it is legally sold on the stock exchange as a financial product through financial institutions. In other words, it means that cryptocurrency, which was relatively classified as a 'non-mainstream asset' and a 'risk asset', is recognized as an official financial asset. Therefore, many cryptocurrency communities, incl
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The 'Devil's Coin', Ripple···Is It Possible to Create New Myth?
Ripple(XRP)'s price is staying in 'usual'. In March 2022, Russia and Ukraine were trapped in the fire of war. This war was not just a battle between the two countries, but a proxy war between Western forces centered on the United States and those opposed to it. Amid the international situation, the status of the dollar and SWIFT has begun to falter. The emerging power led by Russia, which has been tied up by SWIFT including China, Iran, Saudi Arabia, and the UAE, have begun to challenge the existing financial system. As the resu
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Digital yuan, the Emmergence of Currency Imperialism
The digital yuan (e-CNY) is a digital legal currency (CBDC) issued by the Central Bank of China. This year, the Chinese government introduced digital yuan to China's largest payment services such as WeChat and Alipay. Since CBDC competition is judged to have future digital financial interests, the digital yuan, which is currently at the forefront, is bound to be a concern for governments. Recently, the Chinese government has further strengthened the 'convenience' of the digital yuan and has formed a financial market culture that is converted to d
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David Kim(Kim, Do-yeon), Head of BSN Korea & Metaverse Society
Countries such as the UK, Singapore, and Dubai are claiming to be "blockchain hub" by making every effort to foster and attract blockchain technology. The competition to be 'blockchain hub' has been intensifying as appearing of national-level coalitions beyond companies. The national-level coalitions have been working for increasing their global market share in blockchain industry. Amid the fierce competition, the emergence of the "digital yuan" at the 2022 Beijing Winter Olympics make them surprised and shocked. Since 2022 Beijing Winter Olympics, global interest
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Digital Yuan Targeting 'Controllable Anonymity'
The digital yuan (e-CNY) is a digital legal currency (CBDC) issued by People's Bank of China(the Central Bank of China). This year, the Chinese government introduced digital yuan payments to China's largest payment services such as WeChat and Alipay. Since CBDC competition affect the fate of furue digital financial supremacy, the digital yuan, which is being considered currently at the forefront, has became a primary concern for governments. These are the main factors of The digital yuan. △1. 'Controllable Anonymity' The Chinese g
