Tag - cryptocurrency

Binance admits its stablecoin sometimes lost the full backing it needed to keep its price fixed at $1

Binance admits its stablecoin sometimes lost the full backing it needed to keep its price fixed at $1

Binance Stablecoin Sometimes Lost The Full Backing Binance, the world's largest crypto exchange, has admitted that its BUSD stablecoin has only sometimes maintained the reserves needed to keep its price fixed at $1. This means there has been a shortfall of as much as $1 billion in backing for the token. Stablecoins are digital assets designed to...

January 11, 2023By Cryptocurrency0 CommentsRead more...
Cryptocurrency

Cryptocurrency

What is Cryptocurrency? Cryptocurrency or crypto is a digital or virtual currency used to protect transaction transactions using cryptography. Cryptocurrency has no central authority in issuing and regulating transactions but uses a decentralized system of transactions to generate units and new units. Cryptocurrency is one type of digital transaction that banks or other financial institutions do...

October 10, 2022By Cryptocurrency0 CommentsRead more...