Author: NBTC
Binance has announced its decision to delist several spot trading pairs as part of its periodic review to maintain market quality. Binance Announces Removal of Select Spot Trading Pairs Effective December 27, 2024 The review takes into account factors such as liquidity and trading volume. The following trading pairs will be removed and will cease trading at 06:00 on December 27, 2024: ACE/BTC ACM/TRY BOME/BTC DYM/BTC MTL/TRY PIXEL/BNB PIXEL/FDUSD QKC/BTC RAD/BTC REZ/FDUSD TUSD/TRY Impact on Users While the trading pairs will be delisted, the underlying tokens will remain available for trading with other underlying and quoted assets on Binance Spot.…
Soon Chain, a well-known AI-led L2, has announced a new collaboration with Vanar Chain. The collaboration between Soon Chain and Vanar Chain aims to increase blockchain accessibility for broader adoption. The platform provided the details of this partnership on social media. 🚀𝐒𝐎𝐎𝐍𝐂𝐇𝐀𝐈𝐍 𝐱 𝐕𝐀𝐍𝐀𝐑 ⛓️💥 𝐂𝐇𝐀𝐈𝐍We’re proud to announce our partnership with @Vanarchain, a cutting-edge L1 blockchain designed for mass adoption. 💫𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐒𝐨𝐨𝐧𝐂𝐡𝐚𝐢𝐧 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲:✅Eco-Friendly Innovation –… pic.twitter.com/rbfpdHmV2Y — SoonChain❤️AIGG (@soonchain_ai) December 25, 2024 Soon Chain and Vanar Chain Partner to Advance Blockchain Utility and Affordability Soon Chain pointed out that the collaboration with Vanar Chain focuses on…
Bitcoin prices consolidate near the $95,000 level. BTC must clear the $96,500 resistance zone to attempt a fresh increase in the near term. Bitcoin is holding gains above the $93,500 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $96,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $96,500 resistance zone. Bitcoin Price Faces Resistance Bitcoin price attempted to clear the $96,500 resistance zone. However, the bears remained…
The Ethereum price is showing signs of a breakout, as an analyst has identified the formation of an inverse head and shoulder pattern on its 6-month long-term price chart. This bullish formation has fueled predictions that Ethereum could rally to $12,000 soon, marking a new all-time high for the second-largest cryptocurrency by market capitalization. Ethereum Price Targets $12 With New Chart Pattern In a Tuesday X (formerly Twitter) post, crypto analyst Tony Severino released an Ethereum price chart illustrating an inverse head and shoulder, a technical analysis indicator signaling a potential trend reversal. This distinctive chart pattern has four key…
India could lose over $2 billion in tax revenue from cryptocurrency transactions over the next five years due to its tax policies driving traders to offshore platforms, according to a recent report. The December report from Indian technology think tank Esya Centre reveals that the government has already missed out on collecting over INR 6,000 (roughly $724 million) crore in tax revenue from virtual digital assets since July 2022 as traders migrated to offshore exchanges to avoid compliance burdens and high tax rates. After overturning a 2018 shadow ban, India levied a 30% capital gains tax on cryptocurrency transactions, which…
The Rebased upgrade sets IOTA apart with its dual smart contract ecosystem, combining the capabilities of Ethereum Virtual Machine (EVM) and MoveVM. This innovation enables seamless development across both platforms, enhances cross-chain interoperability, and positions IOTA for diverse applications in decentralized finance (DeFi), etc. The IOTA ecosystem is currently seeing one of its most powerful platform upgrades with the introduction of the Rebased protocol. As one of the oldest Layer 1 (L1) blockchain platforms, IOTA has been a pioneer in decentralized ledger technology (DLT). After a series of updates such as Stardust, the Rebased protocol aims to take IOTA to…
With the incoming pro-crypto administration under Trump, the U.S. Congress is expected to prioritize crypto legislation in 2025, focusing on key issues like stablecoins and the FIT21 Act. Notably, in 2025, several cryptocurrency bills could potentially be passed in the United States – Financial Innovation and Technology for the 21st Century Act (FIT21): This bill aims to establish a clearer regulatory framework for digital assets, defining whether they are securities or commodities. The bill has already passed the House and would grant more power to the CFTC for overseeing crypto markets, particularly for digital commodities like Bitcoin. However, the passage…
While the leading cryptocurrency Bitcoin (BTC) is trying to cope with the decline it has experienced in recent days, news of delisting came from South Korea’s largest cryptocurrency exchange Upbit. Upbit announced that it will delist Bitcoin Gold (BTG) on January 23, 2025 at 05:30 UTC. “We would like to inform you that trading support for Bitcoin Gold (BTG) has ended. When trading support ends, orders (buy/sell) requested in the market before trading support ends will be canceled.” Upbit explained the reason for terminating BTG trading support as follows: “With respect to Bitcoin Gold (BTG), Upbit comprehensively addresses the disclosure…
Ethiopia’s Grand Renaissance Dam powers Bitcoin mining, generating 18% of Ethiopian Electric Power’s revenue from digital assets. Renewable energy fuels Bitcoin mining in Africa, driving economic growth and funding impactful projects like conservation in Virunga Park. Ethiopia has leveraged its enormous hydroelectric power, particularly from the Grand Ethiopian Renaissance Dam (GERD), for Bitcoin mining. Now with 18% of Ethiopian Electric Power’s (EEP) income coming from Bitcoin mining, the nation has turned its idle energy into a profitable digital asset. A stunning $1 billion has been spent on Bitcoin mining activities during the past year, more than the profits from exporting…
CLS Global, a prominent crypto market-making solution provider, has announced a new collaboration with Real Estate Metaverse. The partnership aims to join the conventional property markets and the digital asset sector. The development indicates a landmark achievement to increase accessibility with a merger of the traditional and innovative financial realms. We’re excited to announce our partnership with Real Estate Metaverse as their official market makers! 🏢@CoinLiquidity 🤝 @REMTokenAlready live on MEXC Exchange, $REM is bridging the gap between traditional property markets and digital assets.Looking forward to supporting… pic.twitter.com/DNy0G1mcMt — CLS GLOBAL (@CoinLiquidity) December 25, 2024 A seamless integration of RWA…