Author: NBTC
PancakeSwap has announced that its partner, APX Finance, will undergo a scheduled system upgrade on July 10, 2024, starting at noon UTC. The upgrade is expected to last approximately two hours. 📢 Attention PancakeSwap Perpetual UsersOur partner, APX Finance, will undergo a scheduled system upgrade on July 10, 2024, at 12:00 UTC. The upgrade will last approximately 2 hours.During this period, all deposits, withdrawals, and trading functions on PancakeSwap Perpetual… https://t.co/9xT7qRnyqA — PancakeSwap v4｜ETHCC 🇧🇪 (@PancakeSwap) July 9, 2024 All deposits, withdrawals, and trading functions on PancakeSwap Perpetual v1 and v2 will be suspended during the upgrade period. Users are…
Ethereum scaling solution, Polygon (MATIC), has experienced a remarkable surge in gaming addresses, soaring by an astonishing 1,615%. This significant increase highlights the burgeoning interest and optimism surrounding Polygon’s role in the gaming sector. According to a recently released “State of Polygon Q1 2024” report by on-chain analytics firm Messari, Polygon gaming activity increased in Q1, 2024, with daily gaming addresses surging by 1,615% quarterly to 207,000, and daily gaming transactions rising by 469% in the same time frame to 734,000. The rise in activity was mostly caused by MATR1X’s MATR1X FIRE game. Several developments also boosted Polygon’s gaming ecosystem:…
Crypto exchange Kraken said Tuesday it has conducted an analysis of millions of Australian wallets, revealing changing trends in trading behavior and asset preferences. According to the analysis, Bitcoin remains the most actively traded crypto by Australian users, accounting for 27% of all trading volumes within the country between May 2023 and May 2024, slightly above the global average of 26%. Solana (SOL) has also gained traction, making up 10% of trading volumes, compared to 7.8% globally. In response, Kraken introduced a SOL/AUD trading pair in June 2024. Jonathan Miller, managing director of Kraken Australia, said the introduction of new…
Malaysia’s largest electricity utility says it lost over $755 million due to illicit Bitcoin mining activities starting from 2018, significantly impacting the country’s energy sector. Tenaga Nasional Berhad (TNB), the largest electricity utility company in Malaysia, lost RM3.4 billion (over $755 million) in West Malaysia due to illicit Bitcoin mining activities from 2018 to 2023, The New Straits Times reports, citing Akmal Nasir, deputy minister of energy transition and water transformation of Malaysia. While Nasir admitted that crypto mining activities constitute a small fraction of total energy consumption, they had a significant financial impact on the country and the energy…
In the ever-fluctuating world of cryptocurrency, investors are constantly on the lookout for indicators that can provide insights into the future direction of prices. One such metric that has been gaining attention recently is the Coinbase Premium trend, which according to analysis by CryptoQuant, may hold crucial signals for the price of Bitcoin . The Coinbase Premium trend, as highlighted by CryptoQuant, is a leading indicator of the potential trajectory of Bitcoin’s price. This trend becomes particularly significant when two conditions are met: when it is negative, and when it reverses from a downtrend to an uptrend. Historical data suggests…
According to data from DeFiLlama, the leading DeFi data aggregator, Solana’s on-chain DEX transaction volume surpassed that of Ethereum for the first time on Monday, July 8, 2024. Solana’s transaction volume spiked to $2.395 billion, outpacing Ethereum’s $2.177 billion. On a weekly basis, Solana’s DEX transaction volume reached $14.012 billion, topping Ethereum’s $13.842 billion. Solana solidified its recent dominance by posting a 93.92% increase in transaction volume compared to Ethereum’s 40.03% increase. Although Solana has made significant gains, Ethereum remains the dominant player in total value locked (TVL). DeFiLlama’s data shows Ethereum’s TVL is over four times that of Solana,…
Dog-themed cryptocurrency Shiba Inu (SHIB) has witnessed a significant surge in token burns, with a remarkable 192% increase in the last 24 hours. The recent surge in burns has led to the removal of millions of SHIB tokens from circulation, with the Shiba Inu community taking part in the activity to create scarcity. According to the Shibburn X account, a total of 4,796,486 SHIB tokens were burned in the last 24 hours, representing a 207.81% increase in burn rate. This notable spike in SHIB token burns comes at a time when the market is eagerly anticipating a significant price shift…
A court in Illinois sided with the United States Commodity Futures Trade Commission (CFTC) and recognized two altcoins – Olympus (OHM) and KlimaDAO (KLIMA) as commodities. Illinois Northern District Court Judge supported the CFTC in the case against Oregon resident Sam Ikurti and his company, Jafia, LLC. The CFTC deemed the company a Ponzi-like scheme. Judge Imposed a $120 Million Fine on Crypto Ponzi Scheme In 2022, CFTC accused Ikurti and his colleague Ravishankar Avadanam of fraud and non-compliance with registration requirements. The case against Avadanam was dismissed in 2023 as part of an agreement with the regulator. The Commission…
The merger of two brokerage brands, NAGA Group (XETRA: NG4) and CAPEX.com, has received the necessary regulatory approvals, an official announcement today (Tuesday) revealed. The merger of NAGA and CAPEX.com, operated by Key Way Group, was first announced in December 2023. In April, the deal received the green light from the shareholders of the publicly listed NAGA. With the final regulatory approvals, the companies expect to close the merger by the end of August 2024. “With the approval of the merger by the competent regulatory authorities and the associated consent to our plans for the two companies, we have reached…
Earlier this year the Energy Information Administration attempted to conduct a survey of Bitcoin mining energy use under emergency authorization statues, bypassing the traditional process of instituting a survey that required an open period of comment from the public and industry players subject to the survey. This survey attempt was done under very dubious circumstances with very unsound reasoning to justify its emergency nature. Riot Platforms and the Texas Blockchain Council sued to seek an injunction against the survey in Waco, Texas. In the final agreement the EIA voluntarily agreed to terminate the collection under the emergency and destroy all…