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🚀Top Project From Recent Funding Round 💰 WSPN 🚀
🎉 WSPN has just secured $30.00M in its latest funding round! 🎉
🔹About: The Worldwide Stablecoin Payment Network (WSPN) is a pioneering initiative aimed at revolutionizing digital payments through the use of blockchain technology. At its core, WSPN introduces WUSD, a fiat-collateralized stablecoin pegged 1:1 to the US Dollar, ensuring stability and transparency in transactions. This network leverages distributed ledger technology to create a trustless and global payment system, enhancing the efficiency and security of digital payments. WSPN’s infrastructure includes a robust custodial arrangement where reserve assets are managed by an independent trustee, ensuring the safety of clients’ funds. The project aims to comply with global regulatory standards by obtaining relevant licenses in key financial hubs such as the EU, Hong Kong, Singapore, and the US. By providing a reliable medium of exchange, WSPN facilitates seamless transactions across various use cases, from everyday purchases to large-scale financial operations. The transparency of WUSD is further ensured through public audits and on-chain data verification. With significant seed funding, WSPN is poised to expand its stablecoin infrastructure and solidify its position in the digital payment landscape. This initiative represents a significant step towards a more secure and efficient global financial system. 🚀
🔹 Lead Investors: Foresight Ventures, Folius Ventures, Yunqi Partners, Hash Global and many more.
🔹 Total Raised: $30.00M.
🔹 Project Category: CeFi.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#cefi #DEFİ #DEFI #Web3Wallet #Binance $AAVE
$STG
$BNB
🔹About: The Worldwide Stablecoin Payment Network (WSPN) is a pioneering initiative aimed at revolutionizing digital payments through the use of blockchain technology. At its core, WSPN introduces WUSD, a fiat-collateralized stablecoin pegged 1:1 to the US Dollar, ensuring stability and transparency in transactions. This network leverages distributed ledger technology to create a trustless and global payment system, enhancing the efficiency and security of digital payments. WSPN’s infrastructure includes a robust custodial arrangement where reserve assets are managed by an independent trustee, ensuring the safety of clients’ funds. The project aims to comply with global regulatory standards by obtaining relevant licenses in key financial hubs such as the EU, Hong Kong, Singapore, and the US. By providing a reliable medium of exchange, WSPN facilitates seamless transactions across various use cases, from everyday purchases to large-scale financial operations. The transparency of WUSD is further ensured through public audits and on-chain data verification. With significant seed funding, WSPN is poised to expand its stablecoin infrastructure and solidify its position in the digital payment landscape. This initiative represents a significant step towards a more secure and efficient global financial system. 🚀
🔹 Lead Investors: Foresight Ventures, Folius Ventures, Yunqi Partners, Hash Global and many more.
🔹 Total Raised: $30.00M.
🔹 Project Category: CeFi.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#cefi #DEFİ #DEFI #Web3Wallet #Binance $AAVE
$STG
$BNB
Crypto updates October 8 2023🪴
🍀 HTX company was able to return 8 million dollars of the stolen money and in return rewarded the hacker with 250 Ethereum. In September, 5000 Ethereum was hacked from HTX
🍀 Stars Arena resumed its activity after upgrading its security system and successfully testing it. Almost 3 million dollars of AVAX digital currency was hacked from Stars Arena and according to reports, the hacker sent these assets to Fixed Float exchange.
🍀 A member of the Federal Reserve said in a recent comment, the labor market situation is really promising, but inflation is still too high. He still did not mention how long the Federal Reserve is going to keep interest rates high
Follow and comment plz 🤲✌️🇦🇫🍀
#DeFiChallenge #cefi
$DOT $SOL $BNB
🍀 HTX company was able to return 8 million dollars of the stolen money and in return rewarded the hacker with 250 Ethereum. In September, 5000 Ethereum was hacked from HTX
🍀 Stars Arena resumed its activity after upgrading its security system and successfully testing it. Almost 3 million dollars of AVAX digital currency was hacked from Stars Arena and according to reports, the hacker sent these assets to Fixed Float exchange.
🍀 A member of the Federal Reserve said in a recent comment, the labor market situation is really promising, but inflation is still too high. He still did not mention how long the Federal Reserve is going to keep interest rates high
Follow and comment plz 🤲✌️🇦🇫🍀
#DeFiChallenge #cefi
$DOT $SOL $BNB
👋 Have you secured your crypto centralized exchange?
🛡️ There are 3 layers of security to be applied on securing your crypto centralized exchange:
Layer 1:
Find a reputable exchange with a great history, team, and founder. Remember humans are a great investment because we trade with other humans. 👥
Place a strong password on your CEX, make sure it is not only 8 words or signs, the longer the better, and don’t use the same password on any other of your accounts. 🔒
If there is an update on the CEX application, please update it as they might reduce bugs or add extra security. 📲
Layer 2:
Once you are done with layer 1, now it's time to set up your 2FA (two-factor authentication).
SMS 2FA is no longer safe and not recommended anymore due to the possibility of SIM swap. 📵
Email 2FA is better than SMS. Make sure you use a 2FA app on your email instead of SMS 2FA. 📧
Application 2FA is more sophisticated compared to SMS or email 2FA. Examples are Google Authenticator or Authy. 🔑
Layer 3:
Biometrics are used to prevent other people from using your ID, for instance, face biometrics or fingerprint. 🤖
YubiKey is the highest level of security that you may need as your account goes higher. This is a physical key that needs to be plugged when you enter your account, so other people can’t enter your account without it. Compared to all 2FA that are available in layer 2 that are free to access and create without buying anything, YubiKey needs additional investment as it has a price tag on it and makes your account more secure. 🔑🔒
📝 Notes: This is for CEX security only. If you are heavily into DeFi, we recommend using a hardware wallet and remembering where you place your key. 💡
{crypto, cryptosecurity, security, biometric, yubikey, 2fa]
#crypto #cryptoextraction #cryposecurity #crypto2fa #2fa #cefi #centralized #exchange
🛡️ There are 3 layers of security to be applied on securing your crypto centralized exchange:
Layer 1:
Find a reputable exchange with a great history, team, and founder. Remember humans are a great investment because we trade with other humans. 👥
Place a strong password on your CEX, make sure it is not only 8 words or signs, the longer the better, and don’t use the same password on any other of your accounts. 🔒
If there is an update on the CEX application, please update it as they might reduce bugs or add extra security. 📲
Layer 2:
Once you are done with layer 1, now it's time to set up your 2FA (two-factor authentication).
SMS 2FA is no longer safe and not recommended anymore due to the possibility of SIM swap. 📵
Email 2FA is better than SMS. Make sure you use a 2FA app on your email instead of SMS 2FA. 📧
Application 2FA is more sophisticated compared to SMS or email 2FA. Examples are Google Authenticator or Authy. 🔑
Layer 3:
Biometrics are used to prevent other people from using your ID, for instance, face biometrics or fingerprint. 🤖
YubiKey is the highest level of security that you may need as your account goes higher. This is a physical key that needs to be plugged when you enter your account, so other people can’t enter your account without it. Compared to all 2FA that are available in layer 2 that are free to access and create without buying anything, YubiKey needs additional investment as it has a price tag on it and makes your account more secure. 🔑🔒
📝 Notes: This is for CEX security only. If you are heavily into DeFi, we recommend using a hardware wallet and remembering where you place your key. 💡
{crypto, cryptosecurity, security, biometric, yubikey, 2fa]
#crypto #cryptoextraction #cryposecurity #crypto2fa #2fa #cefi #centralized #exchange
Cz Binance will be joining virtually at the upcoming Hong Kong Web3 Festival to discuss CeFi, asset security, mass adoption and much more. Mark your calendar!
📆April 12, 2023.
⌚09:40am UTC.
#Binance #hongkongweb3 #crypto2023 #cefi #czbinance
📆April 12, 2023.
⌚09:40am UTC.
#Binance #hongkongweb3 #crypto2023 #cefi #czbinance
#DeFi meets #cefi - The decentralized Swiss Franc offered by MonetaDao (DCHF) and Bitcoin Suisse (XCHF) collaborate. The future needs these kind of partnership to bring those players together.
#bitcoin #Binance #crypto2023
#bitcoin #Binance #crypto2023
Centralization Exchange will remain a necessity in the crypto world
Crypto is indeed built on the word decentralization, but in reality decentralization is not the main answer for the growth of crypto developments. Where the need for the word security and comfort is still very much needed. Security is one of the main benchmarks why centralization is still needed. Because the language of honesty is more and more difficult to come by, and in the end the problem of financial security for users is the main point that is the goal of establishing an exchange is still the best choice for users.
Image by Satheesh Sankaran from Pixabay
Where with the existence of data exchange and user finance, especially crypto, can be maintained properly and correctly. But of course based on certain exchange criteria too, because there are lots of exchanges out there that have doubtful credibility.
Image by Muhammad Salman from Pixabay
And as an example of a centralized and trustworthy exchange is the Binance Exchange, where it is not just security that is offered by the Binance Exchange , but also the existence of completeness in the types of exchange market types offered as well as the existence of conditions for the large investment of investors from various parts of the world that become proof that the Binance Exchange is indeed the best exchange of exchanges that has ever existed in the crypto community's journey until this date.
The presence of the Binance exchange as the main forum that bridges between investors, buyers, sellers and also users really becomes a reference for other exchanges. Where the need is not just security and also trading issues but also a place for various things such as the NFT market, writing, loans, as well as good enough availability for the Binance community itself.
Image by Satheesh Sankaran from Pixabay
But it's not appropriate if you just look at the advantages anyway, where naturally there must be drawbacks. Where these deficiencies can be taken as feedback to improve the condition of Binance in the future. Perhaps the highlight is the user-friendliness and ease of explanation for users regarding the display form of mobile applications and websites for users, as well as the issue of readiness for the Binance exchange to be accessible in every country without having to use a VPN to be able to surf in cyberspace.
-===-
#cefi #Binance #crypto #crypto2023
Image by Satheesh Sankaran from Pixabay
Where with the existence of data exchange and user finance, especially crypto, can be maintained properly and correctly. But of course based on certain exchange criteria too, because there are lots of exchanges out there that have doubtful credibility.
Image by Muhammad Salman from Pixabay
And as an example of a centralized and trustworthy exchange is the Binance Exchange, where it is not just security that is offered by the Binance Exchange , but also the existence of completeness in the types of exchange market types offered as well as the existence of conditions for the large investment of investors from various parts of the world that become proof that the Binance Exchange is indeed the best exchange of exchanges that has ever existed in the crypto community's journey until this date.
The presence of the Binance exchange as the main forum that bridges between investors, buyers, sellers and also users really becomes a reference for other exchanges. Where the need is not just security and also trading issues but also a place for various things such as the NFT market, writing, loans, as well as good enough availability for the Binance community itself.
Image by Satheesh Sankaran from Pixabay
But it's not appropriate if you just look at the advantages anyway, where naturally there must be drawbacks. Where these deficiencies can be taken as feedback to improve the condition of Binance in the future. Perhaps the highlight is the user-friendliness and ease of explanation for users regarding the display form of mobile applications and websites for users, as well as the issue of readiness for the Binance exchange to be accessible in every country without having to use a VPN to be able to surf in cyberspace.
-===-
#cefi #Binance #crypto #crypto2023
🚀Top Project From Recent Funding Round 💰 Partior 🚀
🎉 Partior has just secured $60.00M in its latest funding round! 🎉
🔹About: Partior is a blockchain-based platform reshaping global money movement. It optimizes liquidity access and enables new capabilities through its unified ledger. Founded by J.P. Morgan, DBS, and Temasek, Partior aims to achieve end-to-end atomic settlements in multiple currencies, replacing the sequential approach to payments settlement. The platform streamlines settlement processes, eliminating intermediaries and reconciliation procedures. It addresses liquidity fragmentation, allowing instantaneous liquidity through atomic settlement between assets. Partior’s network supports cross-border payments, securities, and enterprise solutions, making the movement of liquidity seamless, secure, and scalable. 🚀
🔹 Lead Investors: Peak XV Partners, Temasek, J.P. Morgan, Jump Trading, Valor Capital Group, DBS Bank, Standard Chartered Bank.
🔹 Total Raised: $60.00M.
🔹 Project Category: CeFi.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#cefi #DEFI #DeFiChallenge #BNB #Binance $ETH
$SOL
$AAVE
🔹About: Partior is a blockchain-based platform reshaping global money movement. It optimizes liquidity access and enables new capabilities through its unified ledger. Founded by J.P. Morgan, DBS, and Temasek, Partior aims to achieve end-to-end atomic settlements in multiple currencies, replacing the sequential approach to payments settlement. The platform streamlines settlement processes, eliminating intermediaries and reconciliation procedures. It addresses liquidity fragmentation, allowing instantaneous liquidity through atomic settlement between assets. Partior’s network supports cross-border payments, securities, and enterprise solutions, making the movement of liquidity seamless, secure, and scalable. 🚀
🔹 Lead Investors: Peak XV Partners, Temasek, J.P. Morgan, Jump Trading, Valor Capital Group, DBS Bank, Standard Chartered Bank.
🔹 Total Raised: $60.00M.
🔹 Project Category: CeFi.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#cefi #DEFI #DeFiChallenge #BNB #Binance $ETH
$SOL
$AAVE
Binance: A leading crypto exchange
Binance, which is one of the largest cryptocurrency exchanges in the world, has played a significant role in the adoption of cryptocurrencies in several ways:
Wide range of cryptocurrencies: Binance offers a wide range of cryptocurrencies for trading, making it easier for people to invest in various digital assets.
User-friendly platform: Binance has a user-friendly platform that allows individuals to buy and sell cryptocurrencies easily, even if they are new to the world of crypto.
Security: Binance has implemented robust security measures to protect users' assets, which has helped to build trust among investors.
Education: Binance offers educational resources such as blog posts, webinars, Meet-up and videos to help users understand cryptocurrencies and blockchain technology better.
Innovation: Binance has been at the forefront of introducing innovative products and services such as staking, lending, and margin trading, which has expanded the use cases for cryptocurrencies.
Overall, Binance has helped to make cryptocurrencies more accessible and understandable for the general public, which has contributed to the adoption and mainstream acceptance of cryptocurrencies.
#Binance #crypto #cedefi #cefi #BNB
Wide range of cryptocurrencies: Binance offers a wide range of cryptocurrencies for trading, making it easier for people to invest in various digital assets.
User-friendly platform: Binance has a user-friendly platform that allows individuals to buy and sell cryptocurrencies easily, even if they are new to the world of crypto.
Security: Binance has implemented robust security measures to protect users' assets, which has helped to build trust among investors.
Education: Binance offers educational resources such as blog posts, webinars, Meet-up and videos to help users understand cryptocurrencies and blockchain technology better.
Innovation: Binance has been at the forefront of introducing innovative products and services such as staking, lending, and margin trading, which has expanded the use cases for cryptocurrencies.
Overall, Binance has helped to make cryptocurrencies more accessible and understandable for the general public, which has contributed to the adoption and mainstream acceptance of cryptocurrencies.
#Binance #crypto #cedefi #cefi #BNB
