digitalasset
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🔥 #Fidelity says #Bitcoin is the most secure, decentralized, sound digital money compared to any other #digitalasset
Buy #BTC while you still can 👀
Buy #BTC while you still can 👀
OPNX Eyes $30M Hodlnaut Buyout with $FLEX Tokens
OPNX Offers $30M in $FLEX Tokens for 75% Stake in Bankrupt Hodlnaut
In a big development in the cryptocurrency world, OPNX, a famous blockchain technology company founded by the 3AC group, has offered to buy a 75% ownership stake in Hodlnaut, a cryptocurrency lending platform that went bankrupt. The deal is worth $30 million and will be paid using $FLEX tokens, which are OPNX's own digital currency. This is a unique and innovative way of doing business in the #digitalasset space.
Hodlnaut, a crypto lending platform in Singapore, faced financial troubles and filed for bankruptcy earlier this year. They offered financial services to people and businesses in the cryptocurrency world, but the volatile market made it hard for them to keep going.
OPNX's proposal to acquire Hodlnaut could give the struggling platform a fresh start by providing the necessary resources and expertise to improve its operations. For OPNX, it's a strategic move to expand its presence in the blockchain and cryptocurrency industry.
The payment in $FLEX tokens is a significant step in showing how digital assets are becoming more widely accepted in business transactions. This could set an example for future deals in the crypto industry, making digital currencies a more integral part of traditional financial systems.
Before the acquisition can happen, it needs to get approval from regulators and be accepted by Hodlnaut's creditors. If everything goes well, it could be a turning point for #Hodlnaut , giving them a chance to recover in the competitive crypto-lending market.
For OPNX, the deal means a chance to grow its services and user base. It also reinforces their position as a pioneer in the blockchain industry, demonstrating their commitment to using digital assets for business growth.
This acquisition comes at a time when the cryptocurrency industry is seeing more mergers and acquisitions, showing how the sector is becoming more mature and attracting interest from traditional financial institutions. The result of this deal could have important implications for the future of crypto-based business transactions.
In a big development in the cryptocurrency world, OPNX, a famous blockchain technology company founded by the 3AC group, has offered to buy a 75% ownership stake in Hodlnaut, a cryptocurrency lending platform that went bankrupt. The deal is worth $30 million and will be paid using $FLEX tokens, which are OPNX's own digital currency. This is a unique and innovative way of doing business in the #digitalasset space.
Hodlnaut, a crypto lending platform in Singapore, faced financial troubles and filed for bankruptcy earlier this year. They offered financial services to people and businesses in the cryptocurrency world, but the volatile market made it hard for them to keep going.
OPNX's proposal to acquire Hodlnaut could give the struggling platform a fresh start by providing the necessary resources and expertise to improve its operations. For OPNX, it's a strategic move to expand its presence in the blockchain and cryptocurrency industry.
The payment in $FLEX tokens is a significant step in showing how digital assets are becoming more widely accepted in business transactions. This could set an example for future deals in the crypto industry, making digital currencies a more integral part of traditional financial systems.
Before the acquisition can happen, it needs to get approval from regulators and be accepted by Hodlnaut's creditors. If everything goes well, it could be a turning point for #Hodlnaut , giving them a chance to recover in the competitive crypto-lending market.
For OPNX, the deal means a chance to grow its services and user base. It also reinforces their position as a pioneer in the blockchain industry, demonstrating their commitment to using digital assets for business growth.
This acquisition comes at a time when the cryptocurrency industry is seeing more mergers and acquisitions, showing how the sector is becoming more mature and attracting interest from traditional financial institutions. The result of this deal could have important implications for the future of crypto-based business transactions.
#MyFirstFeedPost Hello, Binance Square! paid investment start with proper early monitoring .
#digitalasset #digitalprofit #jrecc #blockchain
#digitalasset #digitalprofit #jrecc #blockchain
❗JUST IN! It has been alleged that #PrimeTrust LOST access to its legacy wallets in 2021 and subsequently used customer assets to buy back #cryptocurrencies !
And according to #ArkhamIntelligence they gambled (100X❗) on one #digitalasset which is $AUDIO
Result is roughly $150M LOSS💥
$TUSD
And according to #ArkhamIntelligence they gambled (100X❗) on one #digitalasset which is $AUDIO
Result is roughly $150M LOSS💥
$TUSD
Bitcoin
Bitcoin launched in 2009—the decentralized technology ushered in a new era in finance and investing. Initially, these digital currencies were only attractive to a few niche enthusiasts. In 2010, early speculators discovered the Bitcoins they had previously purchased for fractions of a cent had grown to $0.09 per Bitcoin. Large-scale Bitcoin mining farms and pools became popular, and cryptocurrency exchanges emerged.
..
Gold was generally used for a couple thousand years solely to create things such as jewelry and idols for worship. This was until around 1500 BC when the ancient empire of Egypt, which benefited greatly from its gold-bearing region, Nubia, made gold the first official medium of exchange for international trade.
Gold
Gold historically performs well during market corrections because it maintains its value; its price holds somewhat steady, then tends to rise as investors move from stocks to gold if a recession threatens. This makes it useful as a hedge—an investment that moves opposite another—against market corrections or recessions.
In the next couple of decades, Bitcoin and other digital currencies have no chance to be compared to gold and gold reserves. The reason is simple. Digital currencies are relatively young and new to the market. And gold has been around for thousands of years. It's crazy to compare that to yours. People have always chosen something concrete, tangible, something that they can store in vaults, but that is in physical form. And it will take many years for crypto to find the stability it needs for people to even consider using something like that…
#goldvsbitcoin #digitalasset #phisicalasset
Bitcoin launched in 2009—the decentralized technology ushered in a new era in finance and investing. Initially, these digital currencies were only attractive to a few niche enthusiasts. In 2010, early speculators discovered the Bitcoins they had previously purchased for fractions of a cent had grown to $0.09 per Bitcoin. Large-scale Bitcoin mining farms and pools became popular, and cryptocurrency exchanges emerged.
..
Gold was generally used for a couple thousand years solely to create things such as jewelry and idols for worship. This was until around 1500 BC when the ancient empire of Egypt, which benefited greatly from its gold-bearing region, Nubia, made gold the first official medium of exchange for international trade.
Gold
Gold historically performs well during market corrections because it maintains its value; its price holds somewhat steady, then tends to rise as investors move from stocks to gold if a recession threatens. This makes it useful as a hedge—an investment that moves opposite another—against market corrections or recessions.
In the next couple of decades, Bitcoin and other digital currencies have no chance to be compared to gold and gold reserves. The reason is simple. Digital currencies are relatively young and new to the market. And gold has been around for thousands of years. It's crazy to compare that to yours. People have always chosen something concrete, tangible, something that they can store in vaults, but that is in physical form. And it will take many years for crypto to find the stability it needs for people to even consider using something like that…
#goldvsbitcoin #digitalasset #phisicalasset
