Blockchain Progress

2024-04-19 15:29:01 Binance's SAFU Fund Grows Stronger: $1 Billion in Bitcoin Reserves Shifted to USDC!

In a bold move to fortify user protection, Binance, led by CZ, has made a significant shift. The SAFU program, introduced in 2018, has been the industry's beacon of trust and security.

On April 17, Binance made headlines by announcing the relocation of 16,276.99 BTC from the SAFU wallet to their hot wallets. But that's not all – $738.10 million worth of BNB also found a new home outside the fund.

To further enhance stability, Binance unveiled a fresh wallet address with an impressive 1 billion USDC tokens. This strategic move solidifies their commitment to maintaining the $1 billion threshold.

It's worth noting that the SAFU fund faced a minor setback in November 2022, dipping to $735 million due to market fluctuations. However, Binance swiftly restored it to its former glory.

With this latest maneuver, Binance once again proves its dedication to user safety and industry transparency. Other exchanges take note – SAFU is not just a buzzword; it's a game-changer. Open / Comment

2024-04-18 20:20:18 Sirwin Crypto Casino, Experience the Sweetness of 'Sweet Bonanza'

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2024-04-16 17:04:33 UK Set To Launch New Crypto Staking And Stablecoin Legislation By July, Economic Secretary Bim Afolami Says

The UK is making bold moves in the world of cryptocurrency regulation, with plans to introduce new legislation for crypto staking and stablecoins by July, according to Economic Secretary Bim Afolami.

Speaking at the Innovate Finance Global Summit, Afolami emphasized the government's commitment to bringing crypto activities under regulatory oversight. This includes exchanges and custodial services, which will fall within the regulatory perimeter for the first time.

The announcement follows the UK government's release of stablecoin regulation plans last October, aimed at safeguarding customers and addressing potential risks to financial stability.

However, political dynamics could play a role in shaping the future of crypto regulation. With an election on the horizon, the Conservative-led government's long-term plans may face challenges from a Labour Party that currently holds a strong lead in polls.

Despite potential political headwinds, Chancellor Rishi Sunak's vision of positioning the UK as a crypto hub remains steadfast. The government's determination to act swiftly on stablecoin legislation was previously highlighted by Afolami.

The UK has been proactive in its approach to crypto regulation, passing the Financial Services and Markets Bill last year. The Payment Service Regulator has made it clear that stablecoin payment systems can be subject to oversight.

Across the pond, US lawmakers are also eyeing stablecoin legislation. Representatives Waters and McHenry are leading efforts to address concerns around these digital assets, potentially seeking bipartisan support by attaching them to unrelated bills. Open / Comment

2024-04-13 18:55:13 Bitcoin Miners Gear Up for Halving: Strong Reserves and Rising Hashrate

Publicly listed mining companies are flexing their digital muscles, with combined bitcoin reserves bouncing back to pre-June 2022 levels, as reported by theminermag.com.

These industry giants now hold over 46,200 BTC, inching closer to their peak of 48,000 BTC in April 2022.

With just 1,133 blocks remaining until the halving at block 840,000, miners are making moves. After a slight dip, the hashprice is on the rise again, hitting $119 per PH/s.

While Bitcoin's hashrate skyrockets to a record-breaking 644 EH/s, smaller miners may face challenges. Older machines could become unprofitable post-halving.

Marathon, Hut8, and Riot lead the pack among publicly listed miners. They're not holding back either, investing billions in new rigs and power capacity ahead of the halving.

The stakes are high as miners celebrate a record-breaking revenue of $2.01 billion in March alone. But as competition heats up, smaller operations may feel the squeeze.

As we countdown to the halving, the world of bitcoin mining is bracing for change. It's a race against time and technology for miners big and small. Open / Comment

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2024-04-11 17:01:38 Pssssst, folks…

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@IVEX_token is kicking off their ICO!
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2024-04-09 21:01:28 Anticipation builds as Scorpion Casino approaches their Pinksale pre-sale launch — happening TOMORROW, April 10th at 2 PM UTC! They're on the verge of potentially breaking records and wrapping things up on April 14th at midnight UTC.

What's the buzz about?

They're preparing to launch on prestigious exchanges like Bitmart, Lbank, & XT, plus more.

With over $10M raised from 20K+ holders, they're on a roll!

They've established a reputable, regulated casino platform active since 2022.

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2024-04-09 20:01:53 Ark Invest's ARKB ETF Unveils a Digital Delight: A Bitcoin Puppet NFT Worth $27,000!

In the realm of digital assets, Ark Invest's ARKB ETF has added a unique gem to its collection – a "Bitcoin Puppet" NFT. This whimsical virtual puppet, with its purple hat and a pipe in its mouth, is making waves in the crypto world.

Numbered 53,159,523 out of a limited edition of 10,001, this particular puppet holds a special place in ARKB's lineup. With a base price of 0.39 BTC (or around $27,913), it's not just any ordinary collectible.

But ARKB isn't the only player in this game. Blackrock has its own digital treasure from the "Speculum Aeternum" series, while Bitwise boasts an array of text-based wonders.

These ETFs aren't just about numbers; they're embracing the artistry and creativity of the digital age. It's like having a gallery of unique pieces within your investment portfolio.

And let's not forget about the intriguing phenomenon of "dust" – those tiny bitcoin fragments that find their way into wallets associated with big players. Sometimes it's more than just spare change; it can be a hidden message or even a digital token of appreciation.

In this ever-evolving landscape, ARKB's Bitcoin Puppet NFT shines as a testament to the fusion of finance and art. Who knows what other digital wonders await us in the world of crypto-collectibles? Open / Comment

2024-04-09 17:25:20 : History in the making! Scorpion Casino is gearing up for a blockbuster pre-sale on Pinksale — and it all kicks off TOMORROW, April 10th at 2 PM UTC! Can they smash the all-time Pinksale record? The countdown to April 14th at midnight UTC is on!

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