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Breaking news! Justin Sun blasts Coinbase: cbBTC identity questioning storm, BlackRock urges to speed up Bitcoin withdrawal war!
Since its launch on the 12th of this month, cbBTC has been quickly accepted by the market. In just one week, it has become the third largest wrapped Bitcoin (wrapped BTC), with a circulation of 2,944 pieces and a total market value of US$180 million, surpassing HBTC and renBTC, tokens issued four years ago.
cbBTC is fully secured by Bitcoins held by Coinbase. It initially supported Base and Ethereum. At the recently concluded Solana Breakpoint event, Coinbase announced that cbBTC will be expanded to Solana (the specific time is yet to be officially announced). Although cbBTC is not decentralized and Coinbase has not yet disclosed the address of its Bitcoin custody, it is still widely accepted by the market due to Coinbase's good reputation.
cbBTC is fully secured by Bitcoins held by Coinbase. It initially supported Base and Ethereum. At the recently concluded Solana Breakpoint event, Coinbase announced that cbBTC will be expanded to Solana (the specific time is yet to be officially announced). Although cbBTC is not decentralized and Coinbase has not yet disclosed the address of its Bitcoin custody, it is still widely accepted by the market due to Coinbase's good reputation.
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🔸 The head of the Central Bank of Singapore said that private cryptocurrencies will inevitably disappear from the global monetary scene.
▪️ Private cryptocurrencies have failed the fundamental financial services test and will not stay in the monetary space.
▪️ During a panel discussion at an event in Hong Kong, the Head of the Central Bank named three key components of the future monetary system:
- CBDC;
- tokenized banking obligations;
- “well-regulated” stablecoins.
▪️ According to Menon, private digital currencies are completely untested as money:
“Nobody keeps their savings in these assets. People buy and sell them to get easy dollars."
#UFO #cb #news
▪️ Private cryptocurrencies have failed the fundamental financial services test and will not stay in the monetary space.
▪️ During a panel discussion at an event in Hong Kong, the Head of the Central Bank named three key components of the future monetary system:
- CBDC;
- tokenized banking obligations;
- “well-regulated” stablecoins.
▪️ According to Menon, private digital currencies are completely untested as money:
“Nobody keeps their savings in these assets. People buy and sell them to get easy dollars."
#UFO #cb #news
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Summary of recent altcoin good news:
1. Ath launched a $100 million ecological fund, focusing on supporting the development of games and artificial intelligence.
2. Uni launched an OP-based Layer 2 solution to improve scalability.
3. Big Time officially launched CB, attracting market attention.
4. Wife plans to launch a $300 million financing next week.
#ATH. #UNI📈 #cb #wife
1. Ath launched a $100 million ecological fund, focusing on supporting the development of games and artificial intelligence.
2. Uni launched an OP-based Layer 2 solution to improve scalability.
3. Big Time officially launched CB, attracting market attention.
4. Wife plans to launch a $300 million financing next week.
#ATH. #UNI📈 #cb #wife
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