Binance official documents show that users can purchase a digital token that represents one percent of Tesla’s single-day stock price, instead of buying the entire stock. This equity is held by a custodial portfolio of underlying securities representing the issued tokens. Yes, based on Tesla’s share price of $760 per share, Binance investors can buy the equity token at a minimum price of $7.6. Token holders may also receive relevant dividends. To some extent, Binance users invest in Tesla shares in a “disguised form” by buying this equity token. However, the equity token cannot be exchanged for Tesla’s actual stock, it is just a tradable stock token. Binance stated that this move is aimed at solving the problem of after-hours trading of U.S. stocks by overseas users. U.S. brokerages provide after-hours trading, but for investors outside the U.S., stock tokens can allow them to access the country’s $47 trillion stock market anytime and anywhere without having to overcome regulatory barriers or jet lag. Binance CEO Changpeng Zhao said in a statement that stock tokens demonstrate how the company can achieve a more seamless value transfer and reduce the cost of accessibility without compromising compliance or security. . It should be noted that digital tokens have clear regulations in China. The Central Bank of China clearly stipulated in the “Law of the People’s Republic of China on the People’s Bank of China (Revised Draft for Solicitation of Comments)” in October last year, Any unit or individual is prohibited from making and selling digital tokens. Binance Coin has risen by 53% in the past seven days In addition to the equity token BUSD, the blockchain currency “Binance Coin” (BNB) issued by Binance has also continued to surge this week. Stimulated by the news of the Coinbase listing this week, Binance Coin has risen by 53% in the past seven days and has a market value of 580 billion yuan. It ranks third in the global digital currency market value after Bitcoin and Ethereum. Powell: Digital currency is a tool for speculation However, the recent continuous surge in digital currencies has also attracted regulatory attention. On Wednesday, Eastern Time, Powell said in an online interview with the Forum Washington Athletic Club, “ Cryptocurrency is actually a tool of speculation. They are not really actively used for payments. “ This is Powell’s reference to the speculative use of cryptocurrency again. During a hearing in the U.S. Congress last month, Powell said, The private cryptocurrency represented by Bitcoin is more suitable for speculation and cannot be used as a substitute for the US dollar. The completely private digital dollar system is not reliable. Powell’s evaluation of cryptocurrencies is consistent with his predecessor and former Fed Chairman Yellen who is currently the U.S. Treasury Secretary. In February of this year, Yellen stated that Bitcoin is a “highly speculative asset” and that digital currency may bring a faster and cheaper payment experience, “but there are many issues that need to be studied, including consumer protection and anti-money laundering.” . She also said that using Bitcoin for transactions is an “extremely inefficient way” and that processing these transactions consumes astonishing energy. Regarding the regulatory stance, Jesse Powell, CEO of Kraken, the world’s fourth largest digital currency exchange, warned that Governments may begin to restrict the use of Bitcoin and other cryptocurrencies, “maybe there will be some crackdowns.”

Bitcoin suddenly surged in the past 24 hours. According to Coinmarketcap, the amount of Bitcoin traded in the last 24 hours is about 35.9 billion USD, the market capitalization recorded at 697.4 billion USD. Many large-cap cryptocurrencies skyrocketed with Bitcoin. Specifically, Ethereum is up 3.6% to $2,608, Binance Coin is up 6.8%, Cardano is up 3%, Ripple is up 2.6%, Uniswap is up 7.3%, Bitcoin Cash is up 6.1%, Litecoin is up 2.6% 6.8%, Chainlink up 5.6%… The strong momentum of Bitcoin and leading cryptocurrencies caused the total capitalization to increase by 6.5% to more than $1,630 billion. According to many professional traders, the driving force behind the growth of Bitcoin comes from the fact that El Salvador – the first country to consider Bitcoin digital currency as legal. Channel France24 quoted El Salvador President Nayib Bukele’s statement on Twitter, saying that the Bitcoin Law has just been approved with a majority vote. The bill proposed by Mr Bukele to parliament last weekend was approved by 62 out of 84 MPs. “It’s a historical mark,” Nayib Bukele shared on Twitter. Before the vote, Mr. Bukele affirmed that the adoption of digital currency will bring finance, investment, tourism, innovation and comprehensive economic development to this Central American country. According to him, Bitcoin is the fastest way to transfer billions of dollars of remittances to El Salvador without losing millions of dollars to intermediaries. Remittances from El Salvadorans working abroad make up a major part of the country’s economy, equivalent to about 22% of gross domestic product. According to official reports, in 2020, the amount of remittances to this country will reach 5.9 billion USD. “This is the law that will make El Salvador a place of international interest. We will be more attractive to foreign investment.” Romeo Auerbach, Vice President of the National Union of Solidarity Party in El Salvador, said. Bitcoin is a highly volatile virtual currency. After reaching an all-time high at 64,800 USD on April 14, this virtual currency has plummeted without brakes. The reason comes from Elon Musk’s announcement that Tesla will stop accepting Bitcoin because of controversial carbon emissions issues and China’s tightening ban on cryptocurrency trading and banning Bitcoin mining rigs. Many countries have also recently introduced new regulations to control activities related to cryptocurrencies.

Internet Computer coin traded at 370.3 USD – Photo: Bloomberg Just launched on May 10, virtual currency called Internet Computer has immediately entered the top 10 largest virtual currencies in the world with a market capitalization of about 45 billion USD, according to the ranking on CoinMarketCap.com. Internet Computer was created to help anyone – from software developers to content creators – upload whatever they want to the internet without having to go through tech giants like Amazon. , Facebook or through servers, commercial cloud services. According to Dominic Williams, founder of the Internet Computer project, this virtual currency helps users avoid closed ecosystems of businesses and reduce costs. Users can build their own social networks as well as many other services to compete with giant internet companies. Internet Computer coin price movement after one day of launch – Source: Coinmarketcap.com The Internet Computer’s network uses smart contracts or task execution software to compete with larger cryptocurrencies like Ether (currently the second largest cryptocurrency by market capitalization). Internet Computer is also “shaking hands” with many other cryptocurrencies and related networks – such as Polkadot, Binance Coin – to bypass Ether. The Internet Computer coin was born in the context of virtual currencies from Bitcoin to Dogecoin being mentioned everywhere, at dinners to Saturday Night Live on national television in the US. Top 10 largest cryptocurrency market capitalization, updated price at 9:00 am on May 12 (Vietnam time) – Source: Coinmarketcap.com Dong Internet Computer traded at 370.3 USD at 9:00 am on May 12 (Vietnam time), up more than 1% compared to the previous 24 hours. This virtual currency transaction value reached 1.5 billion USD, an increase of nearly 90% in 24 hours. The market capitalization of the entire cryptocurrency market is now $2,480 billion, up from less than $1 trillion earlier this year.

Internet Computer cryptocurrency icon Historical market data shows that ICP coin with multicolored infinity symbol was pushed to the system at 6 pm on May 10. Up to now, the record price of this cryptocurrency reached 731 USD/ICP at about 11 pm on May 10, that is, after only about 5 hours on the cryptocurrency exchange. Internet Computer (ICP) currency ranks 8th in terms of market capitalization (Source: Coinmarketcap) Topping the ranking of cryptocurrencies up to now is still the “king of digital money” Bitcoin with a value at 14h on May 12 around 57,000 USD/Bitcoin, total market capitalization of Bitcoin. Bitcoin reached more than 1 trillion USD, accounting for more than 40% of the total market capitalization of the entire cryptocurrency market. Some coins ranked next after Bitcoin are Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE)…

Internet Computer was introduced to help anyone post any content they want to the internet without going through technology giants like Amazon, Facebook or through servers. commercial cloud service. The founder of this virtual currency project, Dominic Williams, said that Internet Computer was founded with the idea of ​​avoiding corporate barriers and helping to keep costs down. Users can build social media and other services to compete with the big internet companies in the world. Mr. Dominic Williams, developer of the virtual money project Internet Computer This virtual currency’s network uses smart contracts or task software to compete with larger cryptocurrencies like Ethereum. Internet Computer is also “shaking hands” with many other cryptocurrencies and related networks – such as Polkadot, Binance Coin – to overtake Ether. Internet Computer was born in the context of digital money like Bitcoin, Ethereum, Dogecoin is booming around the world, digital money is mentioned everywhere, at dinners to Saturday Night Live on television. country in America. As of 9am this morning (May 12), Internet Computer was traded at $ 370.3, an increase of more than 1% compared to the previous 24 hours. The value of this virtual currency transaction reached $ 1.5 billion, up nearly 90% in 24 hours. The total market capitalization of the crypto market is currently $ 2,480 billion, up from under $ 1,000 billion earlier this year. According to data from CoinDesk, Bitcoin is still the most valuable virtual currency in the world, as each Bitcoin is currently trading at $ 56,956, up 2.43% from yesterday. In second place is Ethereum with a transaction value of $ 4,298, up 8.76%. Dogecoin coin ranked fifth with a transaction of $ 0.508, up 8.91%. HA Cryptocurrency increased sharply, Asian businesses raced to bet on Bitcoin