Author: NBTC
Binance has announced support for the upcoming Frontier (FRONT) token swap and rebranding to Self Chain (SLF). Binance to Support Frontier (FRONT) Token Swap and Rebrand to Its Own Chain (SLF) This change includes the delisting of existing FRONT spot trading pairs and the launch of SLF trading pairs by the end of August. Important Dates and Changes August 27, 2024, 06:00: Binance will delist all FRONT spot trading pairs (FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT) and cancel all pending orders. August 27, 2024, 06:30: Deposits and withdrawals for FRONT tokens will be suspended. August 30, 2024, 11:00: Trading will open…
Real Vision analyst Jamie Coutts believes Bitcoin (BTC) could be on the cusp of a massive rally based on one factor historically associated with bullishness. Coutts says momentum in global liquidity is “starting to accelerate higher, ” offering the perfect bullish setup for Bitcoin. The Real Vision analyst says that these conditions coincide with “all the froth from exchange-traded funds’ (ETFs) launches and excess leverage” leaving the Bitcoin market. “Over the past decade, Bitcoin has had a tendency to trough several months before the bottom in global money supply. Then it rips, gets way ahead of the move in liquidity,…
In a significant development for the cryptocurrency market, Binance has announced its support for the Frontier (FRONT) token swap and rebranding to Self Chain (SLF). This decision comes during a period of rapid adjustments in the exchange’s policies and operations. The announcement has already sparked a notable reaction in the market, particularly affecting the value of FRONT. Contents hide 1 Why is Binance Rebranding FRONT? 2 How Did the Market React? 3 Key Takeaways from Binance’s Move Why is Binance Rebranding FRONT? Binance declared that it would delist all FRONT trading pairs, including FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT, by August…
According to finance lawyer Scott Johnsson, the United States Marshals Service, a federal law enforcement agency, is “almost certainly” selling Silk Road-linked Bitcoin holdings. As reported by U.Today, the U.S. government sent nearly $600 million worth of Bitcoin to the Coinbase exchange on Aug. 14. Prior to that, the United States Marshals Service inked a partnership with the largest US trading platform for storing its confiscated coins. Many assumed that the US government simply sent these Bitcoins for custody. However, Johnsson is convinced already sold these coins or is selling them in the immediate future. “Given the agreement requires USMS…
Historical data confirms Bitcoin price movements in 2024 mirror patterns witnessed in previous halving years such as 2016 and 2020. This is according to a report from Julio Moreno, Head of Research at market intelligence platform CryptoQuant. Moreno disclosed this on X while citing insights from the “Cumulative Return Index on Halving Years,” a metric that tracks Bitcoin’s price action for every year it witnesses a halving. Bitcoin Follows Previous Patterns Interestingly, the metric confirms that Bitcoin’s price movements were similar at the start of all four halving years. These include 2012, 2016, 2020 and most recently, 2024. However, a…
Layer-1 proof-of-stake (PoS) blockchain Tezos (XTZ) has been making a defined attempt to revive its ecosystem. In its latest campaign to achieve this feat, the protocol has revealed a key metric that shows the recovery is gradually underway. Tezos gaming noost In the protocol’s latest post on X, it noted that its gaming ecosystem recorded a 558% jump in active gamers. With facts corroborated by the analytical platform Messari, the feat is notable, considering the frantic efforts to gain a foothold on some of the key areas that can drive its growth. Some of the protocols driving the gaming revolution…
Shiba Inu’s social media marketing lead, Lucie, has published a tweet, in which she responded to haters who have been spreading hate and FUD against the main coins of the Shiba Inu ecosystem, the so-called Shibarium trifecta – SHIB, BONE, and LEASH. Lucie’s warning to Shibarium token haters Lucie, who prefers not to reveal her last name to maintain personal privacy, warned all crypto users who are attacking the Shibarium trifecta with FUD and hate. She reminded the community and those ill-doers that SHIB, BONE and LEASH were on the list of the top 500 coins over the past week.…
Bitcoin (BTC) mining profitability experienced a slight decline in July compared to the previous month, according to a recent report from investment bank Jefferies. The analysis points to a drop in Bitcoin’s price as the primary factor impacting miners’ margins. As a result, the institution decided to lower the target price for the largest Bitcoin miner on Wall Street, Marathon Digital Holdings (Nasdaq: MARA), by over 20%. The cryptocurrency’s value fell by over 6% in July, while the network’s hashrate – a measure of computational power dedicated to mining – remained relatively stable. This combination of factors put pressure on…
Amid the dramatic crash of cryptocurrency markets caused by the start of Mt. Gox compensation payouts, the largest meme coins look strong. Out of the three best performing cryptos in the top 100, two assets belong to the meme cryptocurrencies category. Dogwifhat (WIF), Bonk (BONK) amid best performers as crypto collapses In the last 24 hours, amid painful collapse on cryptocurrency markets, Bonk (BONK), one of the biggest multi-chain meme coins, managed to gain more than 7.5%. BONK capitalization is one step from reaching the major $1.5 billion level, CoinGecko data says. Its competitor, Dogwifhat (WIF), the most popular meme…
Bitcoin (BTC) and the S&P 500 (SPX) have often shown a correlation, particularly during key economic events, such as Federal Reserve rate cuts. This relationship tends to become more pronounced when central banks shift monetary policies. However, Bitcoin’s behavior has sometimes diverged from the traditional markets, especially during periods of rate adjustments. The current situation in 2024 suggests that this divergence may be occurring once again, echoing patterns seen in the past. Historical Divergence Between BTC and SPX In 2019, during a period of Federal Reserve rate cuts, Bitcoin broke away from its previous correlation with the S&P 500. While…