# Пов'язані статті щодо Conversion

Центр новин HTX надає останні статті та поглиблений аналіз на тему "Conversion", що охоплює ринкові тренди, оновлення проєктів, технологічні розробки та регуляторну політику в криптоіндустрії.

Exploit Wallet Converts Stolen Tokens Into 18,510 ETH And 1,548 BNB

An exploit-linked wallet has reportedly converted stolen assets into 18,510 ETH (approximately $30.83 million) and 1,548 BNB ($924,000). According to on-chain tracking data cited by WuBlockchain and Lookonchain, the attacker sold compromised "H tokens" to obtain these more liquid assets and still holds an additional 111.36 million H tokens worth about $14 million. This conversion into major cryptocurrencies like ETH and BNB is a common step after an exploit, as attackers move from illiquid, traceable tokens toward deeper, more liquid assets. This consolidation can signal potential next steps, such as moving funds through bridges or mixers, and complicates recovery efforts for security teams. While blockchain analysis provides real-time visibility into such transactions, the identity of the wallet controller often remains uncertain. The data serves as a valuable snapshot of fund movement, highlighting the role of on-chain monitors in tracking security incidents before official investigations are complete.

bitcoinist9 год тому

Exploit Wallet Converts Stolen Tokens Into 18,510 ETH And 1,548 BNB

bitcoinist9 год тому

EvoCash Launches USD-Denominated Accounts with Real-Time Crypto-to-Fiat Conversion

EvoCash, a FinCEN-registered Money Services Business (MSB), has launched a financial platform offering USD-denominated accounts with real-time crypto-to-fiat conversion. It addresses banking challenges like frozen accounts and withdrawal delays faced by crypto users, particularly international freelancers, digital nomads, and cross-border businesses. The platform provides compliant on-ramp and off-ramp services, instant USDT-to-USD conversion, multi-asset trading, multichain support, and global access without requiring traditional banking relationships. User funds are safeguarded in segregated accounts through partner U.S. financial institutions. Future plans include a Visa card for spending crypto-backed balances. EvoCash aims to bridge Web3 and traditional finance with a compliance-first approach.

TheNewsCrypto03/11 12:41

EvoCash Launches USD-Denominated Accounts with Real-Time Crypto-to-Fiat Conversion

TheNewsCrypto03/11 12:41

Ripple Expands Payments Platform as Stablecoin Infrastructure Volume Surpasses $100B

Ripple has expanded its global payments platform into a comprehensive infrastructure system for businesses, supporting both traditional currencies and stablecoins. The platform has processed over $100 billion in transaction volume. Originally focused on cross-border blockchain transfers, Ripple now offers a full financial system for digital payments, including custody services, automated currency conversion, and settlements. This expansion was enabled by recent acquisitions of Paliside and Rail, integrating treasury automation and digital asset storage technologies. The move aligns with growing stablecoin adoption, which accounted for $33 trillion in transactions last year. Ripple’s business growth remains independent of XRP’s market performance.

TheNewsCrypto03/04 14:34

Ripple Expands Payments Platform as Stablecoin Infrastructure Volume Surpasses $100B

TheNewsCrypto03/04 14:34

How Does Backpack's Staking Token-to-Equity Conversion Work?

Backpack, a Solana-based wallet and exchange platform founded by ex-FTX members, has announced a novel staking-to-equity conversion plan. Users who stake its native token for at least one year can convert those tokens into real company equity at a fixed ratio, with 20% of equity reserved for this purpose. The platform emerged after FTX’s collapse, having lost 80% of its operational funds, and gradually built its user base through its Mad Lads NFT community and a compliant exchange. It recently acquired FTX Europe and secured regulatory licenses. Backpack’s tokenomics include a 1 billion total supply, with 62.5% pre-IPO allocation. The TGE will release 25% of tokens, entirely to users. The model ties token distribution to IPO milestones—a rare hybrid approach in crypto. This move aims to transform users from token holders into legal company owners. However, it faces significant regulatory challenges, particularly from the SEC, which may view the token as a security. The dual-structure of token and equity could also complicate IPO investor relations. While innovative, the plan operates in a regulatory grey area—attempting to bridge decentralized tokenomics with traditional equity financing.

marsbit02/25 09:10

How Does Backpack's Staking Token-to-Equity Conversion Work?

marsbit02/25 09:10

Stablecoins See Largest Conversion Spreads In Africa, Research Shows

Research from Borderless.xyz reveals that Africa has the highest median conversion spreads for stablecoin-to-fiat transactions globally, reaching nearly 300 basis points (3%) in January. This is significantly higher than Latin America's 1.3% and Asia's 0.07%. Within Africa, costs vary widely; South Africa has a low rate of 1.5% due to competition, while Botswana and Congo saw spreads exceeding 19% and 13%, respectively. The high costs are attributed to local market structure and lack of liquidity rather than blockchain technology. While stablecoins offer potential for cheaper remittances, the final conversion cost depends heavily on local competition and infrastructure, limiting savings in many African corridors.

bitcoinist02/12 11:31

Stablecoins See Largest Conversion Spreads In Africa, Research Shows

bitcoinist02/12 11:31

Binance Plans Gradual Conversion Of $1 Billion SAFU Fund Into Bitcoin

Amid a prolonged Bitcoin downturn, Binance has announced a significant strategic shift to reinforce confidence in the crypto sector. The exchange plans to convert its entire $1 billion Secure Asset Fund for Users (SAFU), currently held in stablecoins, into Bitcoin. This conversion is expected to be completed within 30 days. Binance stated that this move reflects its long-term conviction in Bitcoin as a foundational asset and store of value. The fund will be actively rebalanced, and if its value falls below $800 million due to market fluctuations, Binance will replenish it back to $1 billion. In a related community letter, Binance also highlighted its 2025 initiatives, including assisting users in recovering $48 million from incorrect deposits, helping 5.4 million users identify potential threats to prevent an estimated $6.69 billion in scam losses, and cooperating with law enforcement to seize $131 million in illegal funds. The exchange's proof-of-reserves showed user assets totaling $162.8 billion, fully backed, by the end of 2025.

bitcoinist01/31 10:02

Binance Plans Gradual Conversion Of $1 Billion SAFU Fund Into Bitcoin

bitcoinist01/31 10:02

Binance Converts SAFU Fund to Bitcoin After Oct. 10 Backlash—Will it Restore Trust or Add Risk?

Binance is converting its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins to Bitcoin over the next 30-day period. The emergency fund, designed to protect users in cases of hacks or incidents, will now be held entirely in BTC. Binance stated it will monitor the fund's value and top it up with more Bitcoin if its value falls below $800 million due to market volatility. This strategic shift is presented as a long-term bet on Bitcoin, which the exchange calls the "foundational asset" and "premier long-term store of value." The move comes at a time when Binance is facing significant criticism, particularly over its token listing practices through the Binance Alpha program, which have been accused of causing pump-and-dump scenarios. While converting SAFU to Bitcoin may appeal to Bitcoin proponents, it introduces new risks. The fund is now exposed to Bitcoin's price volatility, which could reduce its value precisely when needed for user reimbursements. It also creates a single-asset concentration risk, moving away from the stability of dollar-pegged stablecoins. Critics may view the announcement as a publicity move to restore trust rather than address underlying issues. Binance's commitment to maintaining the fund's value will be closely watched amid ongoing scrutiny.

ccn.com01/30 08:45

Binance Converts SAFU Fund to Bitcoin After Oct. 10 Backlash—Will it Restore Trust or Add Risk?

ccn.com01/30 08:45

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