Top Stories
Binance Converts Its BUSD in SAFU Funds to Other Stablecoins
Binance – the world’s largest cryptocurrency exchange – announced that it has converted the BUSD stablecoin it its SAFU fund. The Secure Asset Fund for Users (SAFU) was launched by the exchange back in 2018 as an emergency insurance fund in order to protect users. The fund initially consisted of Bitcoin (BTC), Binance USD (BUSD), and Binance Coin (BNB).
USDC Stablecoin Sees Massive $3 Billion Outflows in Three Days
The popular stablecoin USD Coin (USDC) has seen outflows of around $3 billion over three days this week, issuer Circle said in a blog post on Thursday.
China’s Fujian Province Has Processed $22bn Worth of Digital Yuan
Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.
KuCoinLabs Backs TripleC To Incubate Fun and Sustainable Web3 Games
TripleC is a GameFi incubation and distribution platform that aims to solve the biggest pain point in the current GameFi market – poor playability and unsustainable games. KuCoinLabs, the research arm of the KuCoin cryptocurrency exchange, has recently announced its support for TripleC to incubate and publish web 3 games that are fun to play and reward players for their effort in the form of digital assets using blockchain technologies.
Coinbase Likely To Launch Global Crypto Trading Platform
US based crypto exchange Coinbase is reportedly in talks to introduce a trading platform for its overseas customers. According to latest reports, the exchange approached its institutional clients about the prospects of bringing in a new platform. If this goes on to be true and materializes, it will make full sense given the ongoing onlslaught on crypto market by US regulatory agencies. Not long ago, top exchange Binance was indirectly subject to scrutiny with the Paxos BUSD supply enforcement action by the U.S. Securities and Exchange Commission (SEC).
Market Watch
As of press time, according to Cointime data:
BTC 's live price is $26,789.83 USD, jumped by 7.30% in the last 24 hours;
ETH’s live price is $1,744.47 USD, jumped by 4.01% in the last 24 hours;
BNB’s live price is $335.20 USD, jumped by 1.95% in the last 24 hours;
XRP's live price is $0.37 USD, jumped by 2.47% in the last 24 hours.
Fundraising News
Innovative Fan Engagement Platform GigaStar Closes $4.8M Seed Funding
GigaStar, a Chicago, IL-based company that accelerates human creativity by bringing YouTube Creators and Fans together as partners in revenue sharing securities, raised $4.8M in Seed funding.
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