conversion

On April 13th, according to official news, Binance released an ETH2.0 pledge withdrawal update. Users can redeem their BETH holdings into ETH in a 1:1 ratio starting from 16:00 on

On March 16th, according to Lookonchain monitoring, Sun Yuchen has transferred 351.6 million USDCs to Coinbase after Coinbase resumed the conversion of USDCs to US dollars. Sun Yuchen has transferred over 350 million USDCs in total after recovering the conversion between USDCs and US dollars in Coinbase Analysis based on this information:The cryptocurrency market is ever-evolving, and recent developments have shown that conversion is crucial to the adoption of digital assets in the mainstream. On March 16th, the monitoring agency Lookonchain reported that Sun Yuchen, a prominent figure in the crypto world, had transferred a whopping 351.6 million USDCs to Coinbase, following the platform’s resumption of conversions of the stablecoin to US dollars. Sun Yuchen, the founder of Tron, BitTorrent, and Poloniex, is best known for his savvy business moves in the industry. This transfer indicates that Yuchen is bullish on USDCs and the potential for cryptocurrencies to become a widely-accepted means of payment. Moreover, it signals investor confidence and…

It is reported that according to Twitter user’s ember monitoring, the SSV development company Blox Holdings transferred 29990 SSVs (valued at about 1.14 million US dollars) to Coin An. The SSV in this address originated from the conversion of 50 million CDTs (ssv.network old tokens) to 500000 SSVs on October 18, 2021. At present, the address still holds 470010SSVs (worth about 17.9 million US dollars). SSV development company Blox transferred nearly 30000 SSVs to Coin An Analysis based on this information:The message reports that Blox Holdings, a development company, transferred 29,990 SSVs (worth approximately $1.14 million) to Coin An according to monitoring by a Twitter user’s ember. The SSV in the said address came from the conversion of 50 million CDTs (ssv.network old tokens) to 500,000 SSVs on October 18, 2021. The address still holds 470,010 SSVs, which is reportedly worth about $17.9 million. Blox Holdings is a well-known blockchain development company. The company has been behind some revolutionary projects…

On March 13, the official Twitter of Coinbase announced that it would resume the USDC conversion on Monday. Due to the regulatory closure of Signature Bank, Coinbase is currently facilitating cash transactions between all customers and other banking partners. Coinbase: cash balance at Signature Bank is 240 million US dollars Analysis based on this information:On March 13, 2021, Coinbase, the leading US cryptocurrency exchange, announced on its official Twitter account that it would resume the conversion of USD Coin (USDC) to US dollars on Monday. This announcement comes after Coinbase had to suspend the USDC conversion feature due to regulatory closure of Signature Bank. Signature Bank, a New York-based financial institution, is one of Coinbase’s banking partners that processes cash transactions for its customers. However, on March 11, 2021, the New York State Department of Financial Services (DFS) ordered Signature Bank to cease and desist its dealings with a particular entity believed to be involved in money-laundering activities involving cryptocurrency…

According to reports, Blockchain. com said on social media that Wallet now provides stable currency transactions. Earlier, Blockchain. com officially said that…

On February 25, Binance. US announced the launch of the SHIB/USD trading pair on Twitter. In addition, the KSHIB/USD trading pair has been off the shelf, and a…