Merit of Crypto as Safe Haven Showing: Bitcoin Volume in Hong Kong Spikes

Merit of Crypto as Safe Haven Showing: Bitcoin Volume in Hong Kong Spikes

Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity. And as a result, many have looked to Bitcoin and its brethren — other digital assets — as a much-needed escape hatch from fiat and government overreach. Indeed, the cryptocurrency was released in the wake (and seemingly as a result) of the 2008 Great Depression, and many that have since flocked to the cryptocurrency are staunch anti-establishment proponents. Most...

Binance issued a Bitcoin-backed token

Binance issued a Bitcoin-backed token

TS The token is based on  BEP2 standard. The crypto exchange plans to issue several such assets to improve liquidity and increase the trading volumes.      The largest cryptocurrency exchange by trading volumes, Binance will issue several tokens backed by cryptocurrencies on its proprietary blockchain. BTCB is the first in the row. “Binance will issue a number of crypto-pegged tokens on Binance Chain in the coming days, starting with $BTCB, a BEP2 token pegged to $BTC. Which other tokens would you like pegged on Binance chain?@ the company announced in the official Twitter account. BTCB will hit the market in...

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