Binance Announced an Open Blockchain Project 'Venus' Similar To Libra | Crypto Craft

  • Binance Announced an Open Blockchain Project 'Venus' Similar To Libra

    From coinpedia.org

    One of the leading cryptocurrency exchanges Binance, announced to launch a cryptocurrency project “Venus”. The platform claims that it is an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.Binance is also seeking to create new partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies. However, Venus might not face any regulatory hurdle as the platform claim that it has a regulatory ... (full story)

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TudorIoan
Aug 19, 2019 4:56am
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The Fed sniffed the opportunity too.
They build new money systems too, safer and faster. (Fednow)
General acceptance is definitely a powerful thing and this trump is on their side, inspiring lower risk and safety.

Unfortunately, cryptocurrencies will lose leverage against the fiat because crypto cyber security is being down low now to common security level, because the ends of the system are vulnerable as they proved easy to be hacked. (personal wallets and exchanges)

The whole system is compromised now.
"Decentralization" is compromised, "consensus", "trustless" ...all compromised because:
logic: blockchain strong + terminals weak (wallets, exchanges) = all system weak

This fundamental alteration might take time to be assimilated by the investors. Main financial actors, whales...

That's why I would sell the highs in cryptos on medium and long term.
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