Author: NBTC
Binance has announced its support for the upcoming network upgrade and hard fork on the Shentu (CTK) network to ensure user security and a seamless trading experience. Starting approximately at 11:00 UTC on October 30, 2024, Binance will temporarily suspend deposits and withdrawals of Shentu (CTK) tokens. This suspension will last until the upgrade is complete and network stability is confirmed. Key Details of the Upgrade and Hard Fork – Upgrade Time: The network upgrade and hard fork will occur when the blockchain reaches block height 20,949,300, approximately at 12:00 UTC on October 30, 2024. – Scope: Although deposits and…
A veteran trader who accurately predicted the May 2021 crypto collapse believes that Bitcoin (BTC) is on the verge of a massive breakout. Pseudonymous trader Dave the Wave shares a chart with his 146,400 followers on the social media platform X that shows Bitcoin may be forming a similar pattern from the last cycle right before an explosive rally. Source: Dave the Wave/X Looking at his monthly chart, the trader suggests that Bitcoin will test a long-term diagonal support that could act as a launch pad for upward price action similar to what occurred in late 2020. The analyst also…
Hong Kong is preparing to introduce policy by the end of the year seeking to extend tax incentives to family offices and private funds investing in crypto on behalf of wealthy clients. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, said the Special Administrative Region of China wants to ensure it has the “right conducive environment for blockchain, in particular their financial applications.” “We are being asked all the time … what are the incentives … from the government in terms of growing this sector,” Hui said on Sunday during a keynote speech at Hong Kong’s FinTech…
ZA Bank, Hong Kong’s digital bank, has launched a sandbox trial of its crypto trading service, aiming to provide retail investors with a regulated platform for virtual asset trading. Hong Kong-based virtual bank ZA Bank has launched a sandbox trial for its new virtual asset trading service for select retail customers. In a press release on Tuesday, Oct. 29, ZA Bank said that its trial initiative seeks to meet growing demand in Hong Kong, where a recent survey by the Hong Kong Investment Funds Association revealed that 75% of retail investors are interested in trading crypto. Upon completion of the…
Hedera’s HBAR is currently up by 5.63% in the last 24 hours, exchanging hands at $0.05175. This comes amid rising optimistic sentiments across the crypto market. HBAR holders are now speculating that the token can go as high as $1 in the times to come. While that is a far-fetched dream, a reason why the community is bullish about it is because of a partnership with the Ripple and Aptos Foundation. Hedera has joined the Ripple and Aptos Foundation as a founding member of the MiCA Crypto Alliance. The aim is to assist in fulfilling the requirements set by the…
In a significant development for the Solana ecosystem, Jito (JTO), a leading Solana-based liquid staking protocol, has announced via its official blog that Jito (Re)staking will officially open for deposits at 15:00 UTC on October 31, 2024. This new staking service is poised to offer enhanced flexibility and rewards for Solana token holders, further strengthening the network’s security and decentralization. Introduction to Jito (Re)staking What is Jito (Re)staking? Jito (Re)staking is an advanced staking service offered by Jito, designed to optimize the staking experience for Solana (SOL) holders. Unlike traditional staking, which locks up tokens for a set period, Jito…
A report from CoinGecko Research brought forth facts highlighting the rising interest in the U.S. for Real World Assets (RWA) crypto. RWA assets are tokenized versions of assets traditionally outside the blockchain world (like real estate) offering transparency with better liquidity. According to the CoinGecko report, institutions and investors in the U.S. have shown the most interest in RWA crypto, accounting for 14% of the total global interest. Indonesia then Türkiye slotted second and third, representing 10.1% and 8.0% of global interest respectively, with retail interest in both these nations aligned to the entire RWA crypto as a whole rather…
Blockdaemon forecasts there will be significant progress in the US crypto regulatory environment by 2025. Sam Kim, Head of Legal & Compliance at Blockdaemon, has also predicted Senate passage of the FIT21 bill, with bipartisan support and eventual signing by the incoming president. Blockdaemon’s report highlighted two regulatory policies in the legislative process, including the Staff Accounting Bulletin No. 121 (SAB 121) and the 21st Century Financial Innovation and Technology Act (FIT21). The FIT21 Act, passed by the House in May 2024, awaits further action, while efforts are focused on repealing SAB 121. The FIT21 Act establishes clear guidelines for…
Crypto.com has seen spot trading volume soar to $134 billion in September from $34 billion in July – The Block. A report by Citigroup attributed crypto.com’s dominance partly due to the crypto ETFs. Digital asset trading on Crypto.com has exploded this year, pushing the crypto exchange’s volumes in North America well ahead of Coinbase (COIN). Crypto.com’s monthly spot trading volume soared to $134 billion in September from $34 billion in July, according to data from The Block. Overall trading volumes on North American crypto exchanges was $183 billion in September, in which Coinbase handled $46 billion. Crypto.com first overtook Coinbase…
As Bitcoin, the world’s largest digital asset, continues fluctuating in price, the impact has been quite resounding. Digital asset performance has affected the crypto market and investors, as well as the outlook on Google Search trends. Bitcoin price instability and profitability outlook Since attaining its all-time high of $73,800 before the Bitcoin halving event in April, BTC has not retested these levels. Bitcoin’s price instability has been fueled by several factors over the past months. These include the German authorities’ sales of BTC and Mt Gox redistribution, which further crashed the price. As per data, in the last seven days,…