Why tap Is Trending Today?

MEXC Global, a leading cryptocurrency exchange, has launched a pioneering monthly transparency initiative called Proof of Reserves. This program is conducted in collaboration with Hacken, a renowned cybersecurity firm, which has been appointed as the independent auditor. The primary goal of this initiative is to provide users with enhanced trust and security by verifying MEXC's reserve assets on a monthly basis.

Hacken, a leading cybersecurity firm, has successfully audited QANplatform's quantum security protocol, validating its robustness. In a significant move towards transparency, cryptocurrency exchange MEXC has partnered with Hacken to conduct monthly proof-of-reserves audits, ensuring users' assets are secure and accounted for. This collaboration aims to set a new standard for transparency in the crypto industry.

MoonPay, a leading fintech company, has introduced an enterprise-level stablecoin platform, integrating with M0, a decentralized finance (DeFi) protocol. This new platform enables businesses to create, manage, and issue stablecoins across multiple blockchains. Additionally, MoonPay has unveiled a next-generation stablecoin suite, designed specifically for cross-chain developers, further expanding its offerings in the stablecoin ecosystem.

Africa's financial landscape has seen a decrease in market depth and liquidity, as indicated by the latest Absa Africa Index. Meanwhile, in the cryptocurrency sphere, Ripple has been making strides in Africa, partnering with Absa Bank to launch secure, bank-grade crypto custody services. This strategic partnership aims to expand Ripple's global crypto custody network to the African continent. Additionally, the XRP price has been bullish, with analysts eyeing a $3 recovery as the SEC ETF ruling approaches, further boosted by Ripple's recent deal with Absa Bank. In other news, Montreal Mayor Valérie Plante will participate in the opening of the annual conference of the North American Bitcoin Conference (NABC) in Montreal.