As the bitcoin price slumps, Binance said it will convert the $1 billion stablecoin-backed Secure Asset Fund for Users entirely into bitcoin over the next 30 days.
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Binance converts $1 billion reserve into Bitcoin after crypto market crash to November lows
The announcement followed a sharp Bitcoin selloff that triggered more than $1.7 billion in liquidations across crypto markets ...
Binance will convert its $1 billion SAFU user protection fund from stablecoins into Bitcoin, increasing BTC exposure for an emergency backstop designed for extreme events.
Binance will move its entire $1 billion user protection fund into Bitcoin over the next 30 days. The exchange said it will ...
“Our worst-case scenario assumes a decline to the $1.8 trillion to $2 trillion range, with an extension to 161.8% of the initial downward momentum in October-November,” Alex Kuptsikevich, FxPro chief ...
Based on its monster past performance, it makes sense why investors are interested in Bitcoin.
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