Ultrapro Blockchain DeFi: A Disruptive Force Transforming Finance 🧬

The DeFi Revolution:

Centralized processes and intermediaries, which can result in inefficiencies, exorbitant costs, and restricted access for the general public, have long plagued traditional finance. By using blockchain technology to build decentralized and permissionless financial services, DeFi seeks to change this.

The revolutionary Ultrapro Blockchain DeFi is a shining illustration of this trend.

Accessibility: Ultrapro Blockchain DeFi lowers barriers by making financial services available to anybody with an internet connection. People living in disadvantaged areas or without access to a bank account are frequently excluded by traditional banks. With Ultrapro Blockchain DeFi, all you need to take part in the global financial ecosystem is a smartphone and an internet connection.

Transparency: The immutable ledger of all transactions provided by blockchain technology enhances transparency and trust. Utilizing this transparency, Ultrapro Blockchain DeFi develops auditable financial products. Users may validate the accuracy of transactions, removing the need for centralized, opaque organizations.

Decentralization: Ultrapro Blockchain DeFi functions in a decentralized manner, in contrast to conventional financial systems that are managed by a few large institutions. It uses smart contracts to do away with the need for middlemen. As a result, there is a lower chance of central authority abuse, suppression, or failure.

#crypto2023 #Binance #bitcoin #dyor

Understanding ULTRABIT (UBIT) Token🗞️

👉UBIT tokens are the native digital assets of the UltraPro Wallet ecosystem. These tokens are designed to fuel various activities within the platform, from transactions and trading to staking and participating in governance decisions. Ubit tokens represent a bridge between traditional and digital finance, offering users new avenues for engagement and financial empowerment.

👉Airdrops: Airdrops involve distributing a certain number of UBIT tokens to wallet addresses based on certain criteria.

👉Staking Rewards: Ultrapro wallet offer UBIT tokens as rewards for participating in the staking process. Staking involves locking up a certain amount of UPRO Coins for passive income.

👉Watch & Earn: Users of the Ultrapro wallet can earn free UBIT tokens by just watching videos that are made available through the app.

Source: ULTRAPRO

#Binance #crypto2023 #dyor #cryptocurrency #bitcoin

Shibarium Crosses 600K Unique Wallets as SHIB Whale Moves $38M💹

Some 600,000 wallets have conducted over 700,000 transactions on the Shibarium network a week after a botched launch was solved, showing signs of resilience among the platform’s loyal supporters.

Token withdrawals out of the Shibarium bridge are now live and available to users, weeks after a much-hyped launch quickly fizzled out after being riddled with software bugs that led to millions of dollars in limbo on the network.

Nearly 100,000 transactions took place on August 31, data from blockchain explorers show, with a peak activity of 132,000 transactions on August 25. As of Friday, users can use shib (SHIB), bone (BONE), and other tokens on Shibarium to swap tokens, lend and borrow capital or stake tokens to earn rewards.

Elsewhere, an unknown SHIB whale - moved nearly $38 million worth of the tokens in an unusual move early Friday. Transactional data shows the whale first moved $160,000 in SHIB, and then $37.4 million in SHIB, to a new wallet on Ethereum.

$SHIB #Shibainu #cryptocurrency #Binance #CYBER #blackrock

Shibarium TVL Reaches $1.4 Million: Wallet Addresses Cross 300,000💹

The Shiba Inu [SHIB] ecosystem has finally welcomed its much-awaited layer-2 network, Shibarium. Despite initial challenges during its rollout, the platform has overcome setbacks and is now operational. Subsequent to its public relaunch, the network has attracted heightened investment. According to Defillama’s data, there has been a positive upward trajectory in the amount of funds being staked on Shibarium.

The Total Value Locked [TVL] in Shibarium has reached a notable sum of $1.42 million. TVL quantifies the total cryptocurrency placed into smart contracts on a blockchain. When individuals stake their cryptocurrency assets, they securely lock them within decentralized platforms in exchange for rewards. Therefore, it signifies a notable achievement and underscores the increasing enthusiasm within the Shiba Inu network.

$SHIB #Shibainu #Binance #crypto2023 #BNB

Pepe Coin Investor Who Made $1.67 Million in Profit, Buys Again💹

An early PEPE investor who made a profit of $1.67 million is still purchasing the memecoin despite rug-pulling allegations against insiders. The investor bought 1.04 trillion tokens for almost $950k in the late hours of Tuesday. The purchase has raised a few eyebrows within the community, given the recent allegations against the project.

The investor previously purchased 2.43 trillion PEPE tokens, worth a mere $60, during its launch phase. The investor made a whopping profit of $1.67 million when the token’s price shot up after its launch.

PEPE’s price has spiked 6% in the last 24 hours. It is possible that the investor expected a rally after the Grayscale victory against the U.S. Securities and Exchange Commission was announced. Grayscale’s victory has sparked another rally in the crypto markets, with Bitcoin rallying over 5% in the daily charts.

#pepe #cryptocurrency #Shibainu $PEPE

Tether Expands Reach with Bahamas’ Britannia Bank 💹

-Tether partners with Bahamas’ Britannia (NS: BRIT) Bank, expand offshore banking relationships.

-USDT market cap steady at $80-82B; dominates stablecoin market.

Tether (USDT), the widely-used stablecoin, has recently taken strategic steps to enhance its operational landscape. Reports indicate that Tether has entered into a collaboration with Britannia Bank & Trust, a private bank situated in the Bahamas. This venture aims to streamline dollar transfers within Tether.

#usdt #BNB #cryptocurrency #Shibainu

Shiba Inu's Shibarium Skyrockets: Triples in Size in Just 24 Hours💹

In an astonishing turn of events, Shiba Inu's Shibarium has achieved an unprecedented feat by tripling its size within the last 24 hours. The highly anticipated network has demonstrated remarkable growth figures, propelling it into the spotlight once again.

Recent data from the Explorer reveals that the Shibarium network has rapidly amassed an astounding 300,000 addresses, marking an exponential surge from the 100,000 addresses reported just yesterday by U.Today. This staggering threefold growth in a single day highlights the network's meteoric rise and the fervor surrounding it.

$SHIB #Shibainu #shibarium

Shiba Inu Community Celebrates New Milestone One Day After Shibarium Goes Public💹

Members of the SHIB community have stormed social media to celebrate this major milestone, with many users on the X (formerly Twitter) platform posting several tweets in this regard with the hashtag “#SHIBARMYSTRONG”

According to data from block explorer Shibariumscan, over 100,000 wallets have been created on the Shibarium network since going live. This figure signifies an increase of over 35,000 wallets created since Shibarium relaunched yesterday.

#Shibainu $SHIB #Binance

Crypto Shorts Worth $120M Liquidated In Single Day After Bitcoin, Ethereum Spike As Court Rules In Favor Of Grayscale Over SEC.

The cryptocurrency market experienced the liquidation of crypto shorts worth a staggering $120 million within a span of 24 hours. In a Tuesday ruling, the court ruled in favor of Grayscale in a lawsuit against the Securities and Exchange Commission (SEC). The lawsuit challenged the SEC’s denial of the company’s application to convert the Grayscale Bitcoin Trust GBTC into an ETF.

The aftermath of this ruling resulted in Bitcoin witnessing its largest daily gain in several months, with a surge of over 7%. Market sentiments were buoyed by this positive momentum, especially within an industry that has recently faced a barrage of regulatory enforcement actions, bankruptcies, and lawsuits.

$BTC #bitcoin #crypto #Binance

Bitcoin surges after Grayscale wins appeal against SEC💹

The price of Bitcoin rose significantly Tuesday following word that the United States Court of Appeals for the DC Circuit sided with Grayscale over the U.S. Securities and Exchange Commission (SEC) in the crypto firm's quest to launch a Bitcoin spot exchange-traded fund (ETF).

Bitcoin is up more than 5% over the last hour, rising from just over $26,000 to a current price of $27,425, per data from CoinGecko. Other leading cryptocurrencies have seen similar rises over the past hour.