Daily Crypto News April 18: Comply or Have Slow Transactions
The crypto landscape continues to evolve with Binance leading several key changes and market movements reflecting the sector's volatility. Binance has converted its Secure Asset Fund for Users (SAFU) into USDC, a move that aligns with its strategy to enhance transparency and security for its user base. This development is coupled with Binance facing a penalty in India, underscoring the regulatory challenges that large crypto exchanges encounter globally.
In innovation news, Worldcoin has launched a Layer 2 network, dubbed 'World Chain,' aimed at expanding its ecosystem's scalability and functionality. Meanwhile, the cryptocurrency market is witnessing significant liquidity as Bitcoin approaches the $63,000 mark, with over $255 million in liquidations occurring just before the anticipated halving event, highlighting the high stakes and intense speculation that define the crypto trading environment. These events illustrate the rapid advancements and ongoing regulatory scrutiny within the global cryptocurrency market.
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https://substack.com/@dcndailycryptonews
News Links 👇
https://unchainedcrypto.com/binance-converts-secure-asset-fund-safu-for-users-to-usdc/
https://unchainedcrypto.com/worldcoin-announces-layer-2-network-world-chain/
https://www.theblock.co/post/289569/binance-india-penalty
https://decrypt.co/226961/liquidiations-top-255-million-as-bitcoin-recovers-to-63k-ahead-of-halving
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