🚨📢 : Alternative cryptocurrency communities like Cardano and Polkadot are considering integrating Bitcoin into their operations, as the Polkadot community studies gradually exchanging 500,000 DOT for Bitcoin over the course of a year. The goal is to create a reserve of Bitcoin to support long-term stability and incentives related to decentralized finance (DeFi). The proposal also includes using the wrapped Bitcoin token from Threshold Network, tBTC. Charles Hoskinson from Cardano suggested creating a decentralized sovereign wealth fund, allocating a portion of its treasury to diversify into stablecoins and Bitcoin. These proposals indicate a shift in alternative cryptocurrency systems toward Bitcoin as a foundation for long-term resilience.
🚨📢: Binance has expanded access to the digital asset economy for residents of Syria following the suspension of U.S. sanctions. The platform offers over 300 cryptocurrencies, spot trading and futures contracts, investment trading, stablecoins, and Binance Pay for cross-border financial transfers, along with educational content in Arabic. This move aims to support economic recovery in Syria and promote financial inclusion.
🚨📢 : More than 30% of the circulating supply of Bitcoin is now owned by only 216 central entities, reflecting the expansion of institutional adoption and the deepening of custody centralization.
🚨📢 : Stripe intends to acquire the cryptocurrency wallet company Privy, following its acquisition of the stablecoin platform Bridge for $1.1 billion.
- This move comes in the wake of Stripe launching a new feature for managing funds using US dollar stablecoins. This acquisition follows a wave of traditional banks and financial institutions looking to enter projects related to cryptocurrencies, with particular interest in US dollar-pegged stablecoins.
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