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However, Binance Square is a platform where Binance, a popular cryptocurrency exchange, lists variou
#$However, Binance Square is a platform where Binance, a popular cryptocurrency exchange, lists various trending cryptocurrencies. The trending cryptocurrencies on Binance Square can change frequently based on market demand and trading volume. To find out the current trending cryptocurrencies on Binance Square, you can visit the Binance website or use their mobile app.
PINNED
However, Binance Square is a platform where Binance, a popular cryptocurrency exchange, lists various trending crypto currencies. The trending crypto currencies on Binance Square can change frequently based on market demand and trading volume. To find out the current trending crypto currencies on Binance Square, you can visit the Binance website or use their mobile app.#zkevm $BNB
🚀 The Voice of the Pi Network Community Must Be Heard! 🚀
In a landslide Binance community vote, an overwhelming 86% said “YES, list Pi Coin!”✅ Yet, despite this clear mandate, Binance remains silent.
For a crypto project built on decentralization, ignoring the voice of its own users goes against the very essence of Web3. Why the delay, Binance? 🤔
📢 We, the Pi Network community, demand answers!
🔹 86% Voted YES – Where is the Listing?
🔹 Transparency Matters – Binance, Speak Up!
🔹 Pi Pioneers Stand United!
💡 Binance, the choice is clear. The community has spoken—WHEN will you LIST Pi?
🔁 Retweet to make our voices louder!
📌 Let’s make it trend:#WhenList
#PiToBinance #PiOnBinance #Pioneers👫great $
In a landslide Binance community vote, an overwhelming 86% said “YES, list Pi Coin!”✅ Yet, despite this clear mandate, Binance remains silent.
For a crypto project built on decentralization, ignoring the voice of its own users goes against the very essence of Web3. Why the delay, Binance? 🤔
📢 We, the Pi Network community, demand answers!
🔹 86% Voted YES – Where is the Listing?
🔹 Transparency Matters – Binance, Speak Up!
🔹 Pi Pioneers Stand United!
💡 Binance, the choice is clear. The community has spoken—WHEN will you LIST Pi?
🔁 Retweet to make our voices louder!
📌 Let’s make it trend:#WhenList
#PiToBinance #PiOnBinance #Pioneers👫great $
Follow for more updates
Binance Academy
--
What Is MyShell (SHELL)?
Key Takeaways
MyShell is an open AI ecosystem that connects AI developers, users, and researchers. It allows users to create, explore, and earn from AI-powered applications.
MyShell offers AI creation tools, an AI marketplace, and advanced voice technologies that can provide new opportunities for innovation in the AI space.
Unlike traditional AI platforms that are controlled by big companies, MyShell adopts blockchain technology for decentralized governance, increased transparency, and data security.
What Is MyShell?
MyShell is a platform that lets people create, explore, and earn money from AI-powered tools. It’s a space where developers, content creators, and users can interact with AI, build custom AI applications, and take part in a digital economy using blockchain technology.
Unlike traditional AI platforms that are controlled by big companies, MyShell adopts decentralized governance, making it more transparent and accessible to everyone.
Key Features of MyShell
1. Creating AI agents
MyShell provides different ways to create AI agents, depending on the user’s skill level:
Classic Mode – A no-code option where anyone can create AI applications without programming.
Pro Config Mode – A more advanced option for developers who want greater control over AI workflows.
ShellAgent Mode – A modular AI framework that helps developers build and integrate AI-powered assistants.
2. AIpp Store
The AIpp Store is MyShell’s marketplace where AI agents are published and shared. Users can browse, try different AI applications, and even pay for premium features. Developers can also use the marketplace to offer AI agent services in return for money.
The AIpp Store makes it easy for users to explore different AI applications, interact with them, and decide which ones they want to use. Since the store includes a wide variety of AI tools, there is something for everyone, whether they need AI-generated art, text-based chatbots, or automated research tools.
3. Decentralization
MyShell uses blockchain technology to improve security and transparency. Blockchain records all transactions in a digital ledger, making sure that data remains secure and can’t be easily changed. The platform uses its own token, SHELL, for payments.
With blockchain, users have more control over their transactions, and developers can get fair compensation for their AI agents without interference from third parties. This decentralized system makes MyShell different from other AI platforms that rely on traditional payment methods and centralized ownership.
4. AI voice and speech
MyShell includes tools for high-quality voice and speech services:
OpenVoice – A tool that can quickly clone voices.
MeloTTS – A multilingual text-to-speech system that creates natural-sounding voices in different languages.
These tools make it easy for users to generate natural-sounding voices for various applications, from audiobooks to virtual assistants. The ability to generate and clone voices also opens up creative possibilities for content creators looking to add AI-generated narration or dialogue to their projects.
5. Community and open-source collaboration
MyShell supports open-source projects and encourages collaboration among AI developers. The platform provides tools and resources so users can contribute to and improve AI models. Developers can work together to build better AI models, share improvements, and push the boundaries of what AI can do.
How MyShell Works
Creating AI agents
Users can create AI agents using MyShell’s tools. They can pick a development mode, add AI models, and customize their agents for different tasks.
Publishing and sharing
Once an AI agent is ready, it can be published in the AIpp Store, where other users can find and use it. Some AI agents are free, while others require payment using the SHELL token.
This publishing process allows developers to showcase their work and receive feedback from users. Since the AIpp Store is open to all types of AI applications, it creates a diverse ecosystem with a wide range of tools and services.
User interaction
Users can browse the AIpp Store, interact with different AI agents, and pay for premium services. Developers earn money when users engage with their AI agents, giving them an incentive to create innovative AI solutions.
For developers, this provides a clear way to monetize their AI applications while users get access to useful tools that can enhance their daily tasks or creative projects. The ability to earn money from AI creations makes MyShell an attractive platform for those looking to invest their time in AI development.
The Role of SHELL Token
The SHELL token is MyShell’s cryptocurrency. It is used for:
Paying for AI-generated services.
Rewarding AI creators for their work.
Voting on platform decisions (decentralized governance).
The total number of SHELL tokens is divided among the development team, advisors, community incentives, and growth funds.
Having a dedicated token makes transactions more seamless and ensures that AI developers can receive fair compensation for their contributions.
SHELL on the Binance HODLer Airdrop
Binance announced MyShell (SHELL) as the 10th project in its HODLer Airdrops program. This initiative rewards BNB holders with token airdrops based on historical snapshots of their balances.
Users who previously subscribed to Binance's Simple Earn products during the designated eligibility periods qualified for SHELL rewards. A total of 50,000,000 SHELL tokens have been allocated for distribution.
After the airdrop, SHELL was listed on Binance with the Seed Tag applied, allowing for trading against the BTC, USDT, USDC, BNB, FDUSD, and TRY pairs.
Closing Thoughts
MyShell is a decentralized AI platform that allows users to create, explore, and earn from AI-powered applications. With features like AI creation tools, an AI marketplace, and advanced voice technologies, MyShell can provide new opportunities for AI innovation.
By providing a space for AI creators to develop, share, and earn from their work, MyShell aims to build an AI ecosystem that is more open, collaborative, and rewarding.
Further Reading
What Are AI Agents?
What Is the Virtuals Protocol (VIRTUAL)?
What Is the Usual Protocol (USUAL)?
Disclaimer: This article is for educational purposes only. This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
MyShell is an open AI ecosystem that connects AI developers, users, and researchers. It allows users to create, explore, and earn from AI-powered applications.
MyShell offers AI creation tools, an AI marketplace, and advanced voice technologies that can provide new opportunities for innovation in the AI space.
Unlike traditional AI platforms that are controlled by big companies, MyShell adopts blockchain technology for decentralized governance, increased transparency, and data security.
What Is MyShell?
MyShell is a platform that lets people create, explore, and earn money from AI-powered tools. It’s a space where developers, content creators, and users can interact with AI, build custom AI applications, and take part in a digital economy using blockchain technology.
Unlike traditional AI platforms that are controlled by big companies, MyShell adopts decentralized governance, making it more transparent and accessible to everyone.
Key Features of MyShell
1. Creating AI agents
MyShell provides different ways to create AI agents, depending on the user’s skill level:
Classic Mode – A no-code option where anyone can create AI applications without programming.
Pro Config Mode – A more advanced option for developers who want greater control over AI workflows.
ShellAgent Mode – A modular AI framework that helps developers build and integrate AI-powered assistants.
2. AIpp Store
The AIpp Store is MyShell’s marketplace where AI agents are published and shared. Users can browse, try different AI applications, and even pay for premium features. Developers can also use the marketplace to offer AI agent services in return for money.
The AIpp Store makes it easy for users to explore different AI applications, interact with them, and decide which ones they want to use. Since the store includes a wide variety of AI tools, there is something for everyone, whether they need AI-generated art, text-based chatbots, or automated research tools.
3. Decentralization
MyShell uses blockchain technology to improve security and transparency. Blockchain records all transactions in a digital ledger, making sure that data remains secure and can’t be easily changed. The platform uses its own token, SHELL, for payments.
With blockchain, users have more control over their transactions, and developers can get fair compensation for their AI agents without interference from third parties. This decentralized system makes MyShell different from other AI platforms that rely on traditional payment methods and centralized ownership.
4. AI voice and speech
MyShell includes tools for high-quality voice and speech services:
OpenVoice – A tool that can quickly clone voices.
MeloTTS – A multilingual text-to-speech system that creates natural-sounding voices in different languages.
These tools make it easy for users to generate natural-sounding voices for various applications, from audiobooks to virtual assistants. The ability to generate and clone voices also opens up creative possibilities for content creators looking to add AI-generated narration or dialogue to their projects.
5. Community and open-source collaboration
MyShell supports open-source projects and encourages collaboration among AI developers. The platform provides tools and resources so users can contribute to and improve AI models. Developers can work together to build better AI models, share improvements, and push the boundaries of what AI can do.
How MyShell Works
Creating AI agents
Users can create AI agents using MyShell’s tools. They can pick a development mode, add AI models, and customize their agents for different tasks.
Publishing and sharing
Once an AI agent is ready, it can be published in the AIpp Store, where other users can find and use it. Some AI agents are free, while others require payment using the SHELL token.
This publishing process allows developers to showcase their work and receive feedback from users. Since the AIpp Store is open to all types of AI applications, it creates a diverse ecosystem with a wide range of tools and services.
User interaction
Users can browse the AIpp Store, interact with different AI agents, and pay for premium services. Developers earn money when users engage with their AI agents, giving them an incentive to create innovative AI solutions.
For developers, this provides a clear way to monetize their AI applications while users get access to useful tools that can enhance their daily tasks or creative projects. The ability to earn money from AI creations makes MyShell an attractive platform for those looking to invest their time in AI development.
The Role of SHELL Token
The SHELL token is MyShell’s cryptocurrency. It is used for:
Paying for AI-generated services.
Rewarding AI creators for their work.
Voting on platform decisions (decentralized governance).
The total number of SHELL tokens is divided among the development team, advisors, community incentives, and growth funds.
Having a dedicated token makes transactions more seamless and ensures that AI developers can receive fair compensation for their contributions.
SHELL on the Binance HODLer Airdrop
Binance announced MyShell (SHELL) as the 10th project in its HODLer Airdrops program. This initiative rewards BNB holders with token airdrops based on historical snapshots of their balances.
Users who previously subscribed to Binance's Simple Earn products during the designated eligibility periods qualified for SHELL rewards. A total of 50,000,000 SHELL tokens have been allocated for distribution.
After the airdrop, SHELL was listed on Binance with the Seed Tag applied, allowing for trading against the BTC, USDT, USDC, BNB, FDUSD, and TRY pairs.
Closing Thoughts
MyShell is a decentralized AI platform that allows users to create, explore, and earn from AI-powered applications. With features like AI creation tools, an AI marketplace, and advanced voice technologies, MyShell can provide new opportunities for AI innovation.
By providing a space for AI creators to develop, share, and earn from their work, MyShell aims to build an AI ecosystem that is more open, collaborative, and rewarding.
Further Reading
What Are AI Agents?
What Is the Virtuals Protocol (VIRTUAL)?
What Is the Usual Protocol (USUAL)?
Disclaimer: This article is for educational purposes only. This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$Blum will be bigger than $Not. Make all efforts to mine it for free and make money. Need link? Or Have any referrals? Drop them in the comment section let’s all get to the minimum of 10 referrals. BLUM will make billionaires because it’s from Binance
Early sneak peek of our first Telegram game 👀
LISTA DAO Price Prediction's
📢$ Lista DAO (LISTA) Listing on Binance Today!
Lista DAO (LISTA),, the reinventor of liquid staking, and creator of the decentralized stablecoin, is scheduled for a listing on Binance later today. This exciting development offers users a new avenue to:This exciting development offers users a new avenue to:
Earn Yields on Staked Assets:
Earn periodic returns on your investments and usable cryptocurrencies through the staking options offered by the platform.
Borrow lisUSD Stablecoin:
It is possible to obtain lisUSD – a decentralized stablecoin that can be borrowed on condition that you provide cryptotassets as collateral.
Reward Distribution and Important Notes:
If it was not for the advice given by Head of Goggle Career Coach, Liam, this article about the significance of goal setting would have been severely lacking in content.
Specifically on listing time, the details are still unknown but Binance says it is working on computing the respective rewards for the holders of LISTA tokens.
These rewards will be sent to your Binance spot wallets and may take as long as two hours post listing.
Price Prediction:
Since the project is relatively small, there is no accurate price prediction for LISTA available yet, as the project is relatively new and the LISTA tokens will be listed soon. However, it is advisable that LISTA DAO Price will be $0.5 to $2. It is only my opinion.
Disclaimer:
Trading in Cryptocurrency is always associated with certain risks and therefore, you should only invest in what you are willing to loss. (DYOR)
📢$ Lista DAO (LISTA) Listing on Binance Today!
Lista DAO (LISTA),, the reinventor of liquid staking, and creator of the decentralized stablecoin, is scheduled for a listing on Binance later today. This exciting development offers users a new avenue to:This exciting development offers users a new avenue to:
Earn Yields on Staked Assets:
Earn periodic returns on your investments and usable cryptocurrencies through the staking options offered by the platform.
Borrow lisUSD Stablecoin:
It is possible to obtain lisUSD – a decentralized stablecoin that can be borrowed on condition that you provide cryptotassets as collateral.
Reward Distribution and Important Notes:
If it was not for the advice given by Head of Goggle Career Coach, Liam, this article about the significance of goal setting would have been severely lacking in content.
Specifically on listing time, the details are still unknown but Binance says it is working on computing the respective rewards for the holders of LISTA tokens.
These rewards will be sent to your Binance spot wallets and may take as long as two hours post listing.
Price Prediction:
Since the project is relatively small, there is no accurate price prediction for LISTA available yet, as the project is relatively new and the LISTA tokens will be listed soon. However, it is advisable that LISTA DAO Price will be $0.5 to $2. It is only my opinion.
Disclaimer:
Trading in Cryptocurrency is always associated with certain risks and therefore, you should only invest in what you are willing to loss. (DYOR)
what is Mini apps on the TON refer to small applications that run on the TON blockchain platform. These mini apps can be developed by third-party developers and function similarly to traditional mobile or web applications. They are designed to provide specific functionalities or services to users, such as gaming, messaging, social networking, decentralized finance (DeFi), and more. Mini apps on TON leverage the blockchain's capabilities, including decentralized storage, smart contracts, and security, to provide a secure and reliable user experience.
Tapswap went viral online as it was revealed that repeatedly tapping on the Telegram bot helps one accumulate coins. Although yet to be listed, many young people on social media have taken the tapping very seriously.
Many of them have been seen repeatedly tapping their phones with the hope that they will cash out money in no distant future. Man uses auto clicker on Tapswap The crypto miner, @earnwithromeo118, mentioned that he was using an auto clicker to tap and mine coins on Tapswap. He shared on TikTok: "The power of auto clicker on Tapswap. More details coming." But speaking to Legit.ng, Fidelis Ozuawala, a cryptocurrency expert at Watutors, said there was no guarantee millions of taps would be exchanged for plenty of money since the tokens could be trimmed down and some disqualified due to bot activities.
He said: "No! Even your millions of tokens might be pegged to a ratio to reduce the quantity, e.g. 1:1000, where 6 million tokens become 6,000. Certain airdrops do this to reduce the quantity of tokens that are sent to an exchange, but the value remains the same. For airdrops and estimates, it all boils down to how much the team is willing to share across board. And they share this evenly across all participants depending on how many tokens they have. From there, the price per coin can now be made available."
One TikTok user, Chungkang reacted to the video asking how he could withdraw money from Tapswap:
"How can I withdraw the money?"
Is Tapswap real? Meanwhile, a Nigerian lady said she decided to start coin mining on Tapswap so that she would benefit if it paid participants. Ose Sweet said when Notcoin started, people rushed to mine coins on the app, but she refused to participate.
#EarnFreeCrypto2024
Many of them have been seen repeatedly tapping their phones with the hope that they will cash out money in no distant future. Man uses auto clicker on Tapswap The crypto miner, @earnwithromeo118, mentioned that he was using an auto clicker to tap and mine coins on Tapswap. He shared on TikTok: "The power of auto clicker on Tapswap. More details coming." But speaking to Legit.ng, Fidelis Ozuawala, a cryptocurrency expert at Watutors, said there was no guarantee millions of taps would be exchanged for plenty of money since the tokens could be trimmed down and some disqualified due to bot activities.
He said: "No! Even your millions of tokens might be pegged to a ratio to reduce the quantity, e.g. 1:1000, where 6 million tokens become 6,000. Certain airdrops do this to reduce the quantity of tokens that are sent to an exchange, but the value remains the same. For airdrops and estimates, it all boils down to how much the team is willing to share across board. And they share this evenly across all participants depending on how many tokens they have. From there, the price per coin can now be made available."
One TikTok user, Chungkang reacted to the video asking how he could withdraw money from Tapswap:
"How can I withdraw the money?"
Is Tapswap real? Meanwhile, a Nigerian lady said she decided to start coin mining on Tapswap so that she would benefit if it paid participants. Ose Sweet said when Notcoin started, people rushed to mine coins on the app, but she refused to participate.
#EarnFreeCrypto2024
Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin, launched by the company Tether Limited Inc. in 2014.As of January 2024, Tether's website lists fourteen protocols and blockchains on which Tether has been minted.[1]
Tether Denominations Symbol ₮ CodeUSD₮, EUR₮, CNH₮, XAU₮, MXN₮[1]Development White paperTether White Paper.pdfInitial release2014-10-06 16:39:15 UTC[2]LedgerCirculating supplyUSD₮ 96,036,749,591.54; EUR₮ 36,387,340.03; CNH₮ 20,503,468.90; XAU₮ 246,524.33; MXN₮ 19,562,400.00 (Jan 2024)[1]Valuation Exchange ratePegged to reference fiat currency or goldWebsiteWebsitetether.to
Tether has been criticized for a lack of transparency and verifiability of its claimed fiat reserves. In 2021, the company was fined by regulators for only maintaining full reserves during 27.6% of the days in the period from 2016 to 2018[4] as well as for failing to present audits showing sufficient asset reserves.[5][6][7]
It is the largest cryptocurrency in terms of trading volume, commanding 64% of the market share among stablecoins and having surpassed Bitcoin in 2019 to become the most traded cryptocurrency in the world.[8][9][10] As of January 2024, Tether had over $96 billion in circulation.[11][1]
Tether Limited is owned by the British Virgin Island-based company iFinex Inc., which also owns the Bitfinex cryptocurrency
Tether Denominations Symbol ₮ CodeUSD₮, EUR₮, CNH₮, XAU₮, MXN₮[1]Development White paperTether White Paper.pdfInitial release2014-10-06 16:39:15 UTC[2]LedgerCirculating supplyUSD₮ 96,036,749,591.54; EUR₮ 36,387,340.03; CNH₮ 20,503,468.90; XAU₮ 246,524.33; MXN₮ 19,562,400.00 (Jan 2024)[1]Valuation Exchange ratePegged to reference fiat currency or goldWebsiteWebsitetether.to
Tether has been criticized for a lack of transparency and verifiability of its claimed fiat reserves. In 2021, the company was fined by regulators for only maintaining full reserves during 27.6% of the days in the period from 2016 to 2018[4] as well as for failing to present audits showing sufficient asset reserves.[5][6][7]
It is the largest cryptocurrency in terms of trading volume, commanding 64% of the market share among stablecoins and having surpassed Bitcoin in 2019 to become the most traded cryptocurrency in the world.[8][9][10] As of January 2024, Tether had over $96 billion in circulation.[11][1]
Tether Limited is owned by the British Virgin Island-based company iFinex Inc., which also owns the Bitfinex cryptocurrency
#write2Earn is a platform or hashtag used on social media platforms, particularly on writing-related websites or communities, to indicate that individuals can earn money or rewards by writing and sharing their content. It is often used by freelance writers, bloggers, and content creators who want to monetize their writing skills and generate income through various writing opportunities such as sponsored posts, affiliate marketing, or content creation for clients. By using the #write2Earn hashtag, writers can connect with potential clients or platforms that offer paid writing gigs or opportunities.#Write2Earn bullish/bearish
#BinanceTournament Binance CEO Zhao Considering Buying Banks: Report
Zhao wants his crypto exchange to become a bridge between traditional finance and crypto, according to a Bloomberg report.
Binance founder and CEO Changpeng Zhao is looking into potentially buying banks as a way of bridging the gap between the worlds of traditional finance and crypto, according to an interview Zhao did with Bloomberg at the Web Summit conference in Lisbon.
Zhao did not name any specific targets, and also said he's open to either minority investments or a full acquisition.
“There are people who hold certain types of local licenses, traditional banking, payment-service providers, even banks. We’re looking at those things,” Bloomberg quoted Zhao as saying.
Zhao also noted that investing in banks is a smart strategy for Binance because when the crypto exchange works with a bank, Binance often winds up driving many new users to it, increasing the bank’s valuation.
Zhao wants his crypto exchange to become a bridge between traditional finance and crypto, according to a Bloomberg report.
Binance founder and CEO Changpeng Zhao is looking into potentially buying banks as a way of bridging the gap between the worlds of traditional finance and crypto, according to an interview Zhao did with Bloomberg at the Web Summit conference in Lisbon.
Zhao did not name any specific targets, and also said he's open to either minority investments or a full acquisition.
“There are people who hold certain types of local licenses, traditional banking, payment-service providers, even banks. We’re looking at those things,” Bloomberg quoted Zhao as saying.
Zhao also noted that investing in banks is a smart strategy for Binance because when the crypto exchange works with a bank, Binance often winds up driving many new users to it, increasing the bank’s valuation.
Attention #BTC #BTC #ordinals
Basel Study Shows World's Largest Banks Are Exposed to $9 Billion in Crypto Assets
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo Corrias further explains that out of all the banks’ total risk exposure, cryptocurrency exposure is estimated to be around 0.01% of total exposures.
Basel Study Shows World's Largest Banks Are Exposed to $9 Billion in Crypto Assets
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo Corrias further explains that out of all the banks’ total risk exposure, cryptocurrency exposure is estimated to be around 0.01% of total exposures.
Banks Have $9 Billion in Cryptocurrency Exposure Equating to Roughly 0.01% of Total Risk Exposure
A recent study published by the Basel Committee on Banking Supervision (BCBS) explains that the world’s top banks are exposed to around $9 billion worth of cryptocurrencies. The BCBS is a global organization made up of members tied to the world’s central banks and financial institutions from a myriad of jurisdictions.
The study, called “Banks’ exposures to cryptoassets – a novel dataset,” was written by secretariat Renzo Corrias. The research aims to create a primary global standard on the “prudential treatment of banks’ [crypto asset] exposures.”
“Total [crypto asset] exposures reported by banks amount to approximately €9.4 billion. In relative terms, these exposures make up only 0.14% of total exposures on a weighted average basis across the sample of banks reporting [crypto asset] exposures,” the report written by Corrias details. “When considering the whole sample of banks included in the Basel III monitoring exercise (ie also those that do not report [crypto asset] exposures), the amount shrinks to 0.01% of total exposures.”
The BCBS shows that 19 banks worldwide submitted data for the research, and approximately ten financial institutions derived from the Americas. Seven banks stemmed from Europe, and two banks came from the rest of the world. Corrias notes that the banks represent a small group of financial institutions out of the collective 182 banks the BCBS considered for its Basel III monitoring exercise.
The crypto asset exposure the banks reported mostly consisted of bitcoin (BTC) which was around 31% of exposures, and ethereum (ETH) which accounted for 22% of exposures. In addition to exposure to USD-backed stablecoins, banks are also associated with crypto assets like xrp (XRP), cardano (ADA), solana (SOL), litecoin (LTC), and stellar (XLM).
Corrias explains that the banks’ exposure to crypto is comprised of three different categories which include crypto holdings
A recent study published by the Basel Committee on Banking Supervision (BCBS) explains that the world’s top banks are exposed to around $9 billion worth of cryptocurrencies. The BCBS is a global organization made up of members tied to the world’s central banks and financial institutions from a myriad of jurisdictions.
The study, called “Banks’ exposures to cryptoassets – a novel dataset,” was written by secretariat Renzo Corrias. The research aims to create a primary global standard on the “prudential treatment of banks’ [crypto asset] exposures.”
“Total [crypto asset] exposures reported by banks amount to approximately €9.4 billion. In relative terms, these exposures make up only 0.14% of total exposures on a weighted average basis across the sample of banks reporting [crypto asset] exposures,” the report written by Corrias details. “When considering the whole sample of banks included in the Basel III monitoring exercise (ie also those that do not report [crypto asset] exposures), the amount shrinks to 0.01% of total exposures.”
The BCBS shows that 19 banks worldwide submitted data for the research, and approximately ten financial institutions derived from the Americas. Seven banks stemmed from Europe, and two banks came from the rest of the world. Corrias notes that the banks represent a small group of financial institutions out of the collective 182 banks the BCBS considered for its Basel III monitoring exercise.
The crypto asset exposure the banks reported mostly consisted of bitcoin (BTC) which was around 31% of exposures, and ethereum (ETH) which accounted for 22% of exposures. In addition to exposure to USD-backed stablecoins, banks are also associated with crypto assets like xrp (XRP), cardano (ADA), solana (SOL), litecoin (LTC), and stellar (XLM).
Corrias explains that the banks’ exposure to crypto is comprised of three different categories which include crypto holdings
where is the Link
Trading Heights
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🚨🚨Free Airdrop Found🚨🚨
🎁Airdrop Name: Converse 🌟
🎁Reward: $1000 USDC 🌟
🚀 Ready to seize your share of FREE tokens?
Follow these steps:
🔹 Access the Airdrop Page: Click on the link provided in the comment section to enter the Airdrop portal.
🔹 Finish All Tasks: Dive into the excitement by completing all assigned tasks. Whether it's sharing, liking, or joining our community – each task brings you closer to unlocking your tokens!🔹 Provide Wallet Address: After conquering the tasks, share your wallet address to claim your well-deserved tokens. Ensure accuracy for a smooth transaction.
📅Reward Distribution: Within 1 Week.
📢Disclaimer:
The airdrop is entirely free. Do not send any cryptocurrency to receive airdrop tokens.
💁♂️We do research and bring you the latest airdrops and your generous Tip would empower our mission.
#AirdropMadness #Airdrop🪂
🎁Airdrop Name: Converse 🌟
🎁Reward: $1000 USDC 🌟
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Attention Nineteen North American and European banks have reported significant investments in cryptocurrencies, totaling €9.4 billion ($10.27 billion), according to the latest findings from the Basel Committee on Banking Supervision (BCBS). The disclosures come as part of a supervisory initiative to monitor crypto-asset exposures within the financial system.
The BCBS, after implementing a new crypto data collection template over the past five years, has revealed the extent of cryptocurrency engagement among its member banks. North American banks are leading with ten entities disclosing their investments, while seven European banks have also reported their exposures.
The investments span various digital currencies, with Bitcoin and Ethereum being the most prominent in these portfolios, accounting for 31% and 22%, respectively. Notably, related investment instruments for Bitcoin and Ethereum constitute an additional 25% and 10%. XRP, another major cryptocurrency, represents €188 million or 2% of the total investment, with two banks holding over half of this exposure and four others nearly 40%.
The banks' portfolios are diversified across several other cryptocurrencies including Polkadot (DOT), Cardano (ADA), Solana (SOL), Litecoin (LTC), and Stellar Lumens (XLM). Stablecoins and tokenized assets are also featured, making up nearly 90% of the reported exposures by these institutions.
In a significant development for cryptocurrency adoption within traditional banking systems, Banco Santander (BME:SAN) has started facilitating transactions in Bitcoin and Ethereum for clients in Switzerland. This move signals a growing acceptance of digital currencies as legitimate financial instruments among established financial entities.
The BCBS, after implementing a new crypto data collection template over the past five years, has revealed the extent of cryptocurrency engagement among its member banks. North American banks are leading with ten entities disclosing their investments, while seven European banks have also reported their exposures.
The investments span various digital currencies, with Bitcoin and Ethereum being the most prominent in these portfolios, accounting for 31% and 22%, respectively. Notably, related investment instruments for Bitcoin and Ethereum constitute an additional 25% and 10%. XRP, another major cryptocurrency, represents €188 million or 2% of the total investment, with two banks holding over half of this exposure and four others nearly 40%.
The banks' portfolios are diversified across several other cryptocurrencies including Polkadot (DOT), Cardano (ADA), Solana (SOL), Litecoin (LTC), and Stellar Lumens (XLM). Stablecoins and tokenized assets are also featured, making up nearly 90% of the reported exposures by these institutions.
In a significant development for cryptocurrency adoption within traditional banking systems, Banco Santander (BME:SAN) has started facilitating transactions in Bitcoin and Ethereum for clients in Switzerland. This move signals a growing acceptance of digital currencies as legitimate financial instruments among established financial entities.
$BTC The target of the Binance crypto market is primarily investors and traders interested in buying, selling, and exchanging various crypto currencies. Binance aims to provide a user-friendly, secure, and reliable platform for individuals and institutions to participate in the cryptocurrency economy. It offers a wide range of crypto assets, trading pairs, and innovative features to cater to different levels of experience and investment strategies. Binance also provides additional services such as staking, lending, and launching of new tokens through their Initial Coin Offering (ICO) platform.#BTC #tia $BNB
#sui $BNB Binance MANAGEMENT guidelines
1. Security: Binance should give utmost priority to the safety and security of customer funds and personal information. They should have strong security protocols in place, regularly updated and tested to ensure customer protection from security breaches and hacks.
2. Transparency: All operations on the trading platform should be transparent. Customer information and trading records should be available on request, and all transaction fees and charges should be clearly stated on the platform.
3. User-friendly Interface: Binance should keep the platform user-friendly and ensure that customers can easily navigate through the trading platform. It should be designed to accommodate new traders and experienced users with no difficulties.
4. Customer Support: There should be a readily available customer support system to assist customers with queries, concerns, and any issues that may arise while trading on the Binance platform.
5. Compliance: Binance should comply with all regulatory requirements to ensure that the platform operates within the boundaries set by the government.
6. Innovation: Binance should be innovative in developing new features and functionalities. This will ensure that they stay ahead of the curve and continue to offer the best trading experience to their customers.
7. Financial Health: Binance should ensure the platform's financial health to guarantee the safety of customer funds. They should have robust risk management policies and should keep customer funds in secure and transparent third-party custodian services.
8. Communication: Binance should maintain an open channel of communication with its customers, regularly updating them via emails and its various social media platforms. Regular updates will provide information on new features, security, or compliance requirements, updates of any issues that may affect customers or any upgrades to the platform.#bnbburn #tia
1. Security: Binance should give utmost priority to the safety and security of customer funds and personal information. They should have strong security protocols in place, regularly updated and tested to ensure customer protection from security breaches and hacks.
2. Transparency: All operations on the trading platform should be transparent. Customer information and trading records should be available on request, and all transaction fees and charges should be clearly stated on the platform.
3. User-friendly Interface: Binance should keep the platform user-friendly and ensure that customers can easily navigate through the trading platform. It should be designed to accommodate new traders and experienced users with no difficulties.
4. Customer Support: There should be a readily available customer support system to assist customers with queries, concerns, and any issues that may arise while trading on the Binance platform.
5. Compliance: Binance should comply with all regulatory requirements to ensure that the platform operates within the boundaries set by the government.
6. Innovation: Binance should be innovative in developing new features and functionalities. This will ensure that they stay ahead of the curve and continue to offer the best trading experience to their customers.
7. Financial Health: Binance should ensure the platform's financial health to guarantee the safety of customer funds. They should have robust risk management policies and should keep customer funds in secure and transparent third-party custodian services.
8. Communication: Binance should maintain an open channel of communication with its customers, regularly updating them via emails and its various social media platforms. Regular updates will provide information on new features, security, or compliance requirements, updates of any issues that may affect customers or any upgrades to the platform.#bnbburn #tia
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