Binance Coverts its $1B Recovery Fund into BTC, ETH and...
Bitcoin Ethereum Binance Coverts its $1B Recovery Fund into BTC, ETH and… 52 segundo ang nakalipas Balita ng Ethereum ng Bitcoin After crypto exchange FTX collapsed in November, Binance established the “Industry Recovery Initiative”, which contains $1 billion in BUSD. Binance CEO Changpeng Zhao announced that the funds will now be converted to BTC, ETH, and BNB. When the infamous crypto exchange FTX collapsed in November, Binance announced the “Inisyatiba sa Pagbawi ng Industriya”- a fund to aid struggling crypto projects reeling from a liquidity crisis due to the FTX fallout. Binances initiative contains $1 billion worth of Binance USD Coin (BUSD) which could at any time be converted to Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Changpeng “CZ” Zhao recently announced on Twitter that the funds will now be converted. CZ took to the social media platform and suggested that the recovery initiative funds be converted to BTC, ETH and BNB. Dahil sa mga pagbabago sa mga stable na barya at bangko, #Binance iko-convert ang natitirang $1 bilyon na pondo ng Industry Recovery Initiative mula sa BUSD tungo sa native crypto, kabilang ang #BTC, #BNB at ETH. Ang ilang mga paggalaw ng pondo ay magaganap on-chain. Aninaw. No Surprise Given Scrutiny Around BUSD The decision to