Ernst & Young, one of the major accounting firms, has unveiled a novel solution named EY OpsChain Contract Manager (OCM), which leverages Ethereum technology. This instrument aims to simplify the contract management process for private enterprises, particularly when dealing with intricate agreements. Using Ethereum’s blockchain, EY intends to maintain the confidentiality and ensure a fair … Read more
On Wednesdays trading, the value of OMNI, The Omni Network’s native token, took a substantial hit and plummeted approximately 55% from its previous price of $53.80, reaching roughly $24 on major cryptocurrency exchanges. On April 17, Omni Network, a blockchain project that intends to merge Ethereum rollups, distributed 3 million OMNI tokens, equating to 3% … Read more
The artificial U.S. dollar system called Ethena (ENA), which operates on Ethereum‘s platform, experienced a significant drop due to the market’s pessimistic outlook. In the last 24 hours, ENA has decreased by 17% and is currently priced at $0.84. Its market capitalization now stands at approximately $1.2 billion, ranking it as the 68th largest cryptocurrency … Read more
Binance, the leading cryptocurrency exchange with over $1 billion in user assets secured through the Secure Asset Fund for Users (SAFU), has transferred this amount into USD Coin (USDC). This move equates to approximately 3% of USDC’s total supply. Starting today, SAFU assets will be changed into USD Coin, enhancing their security and consistency as … Read more
Binance, the cryptocurrency exchange with a billion-dollar insurance fund (SAFU), has announced a significant change: all assets in the fund will now be converted into USDC stablecoins. Binance recently made an unexpected decision to transfer all the funds, approximately $1 billion, from its emergency insurance fund (SAFU) into Circle’s stablecoin, USD Coin (USDC). The motivation … Read more