Author: NBTC
South Korea’s leading cryptocurrency exchange Bithumb has announced that deposits and withdrawals for Flow (FLOW) have been temporarily suspended due to ongoing network issues affecting block production. Bithumb Temporarily Suspends FLOW Deposits and Withdrawals Due to Network Issues Suspension Details Affected Entity: Flow (FLOW) Service Restriction: FLOW deposits and withdrawals Suspension Time: 18 February 2025 (Tuesday) at 20:00 Reason: FLOW network block creation failure due to system failure Restart Timeline Bithumb stated that deposits and withdrawals will resume once the network stability is achieved. The exchange will provide an official update once the services are back online. Important Notices for…
The crypto market is in the red as investors weigh recent comments from top Fed officials, which reflect a cautious approach by the central bank as regards interest rates. According to CNBC, Federal Reserve Governor Michelle Bowman stated on Monday that while monetary policy “is now in a good place,” she wants to see further progress on inflation before further decreasing interest rates. The latest remarks are in line with previous comments from other Fed officials. Fed Chair Jerome Powell has repeatedly stated that the central bank is not rushing to cut interest rates, but any insight into the future…
David Schwartz, Ripple’s CTO, says that airdrops in the cryptocurrency space, especially the tax consequences, could be tricky for recipients. He addressed the concerns of the XRP community and gave an honest review of how reward systems are usually set up. He explained that the way they are designed sometimes leads to unexpected financial problems. In particular, Schwartz touched on how XRP is taxed when it is received as income and how it is appreciated over time. He explained that long-term capital gains are only taxed on the increase in value, but income is taxed when the asset is first…
The acting head of the US Social Security Administration (SSA) resigned over the weekend following a contentious dispute with the Department of Government Efficiency (DOGE). According to the Washington Post, the resignation of Michelle King, who had served as a career federal worker since 1994, took place last Saturday. BREAKING: The acting head of the US Social Security Administration has resigned after a dispute with DOGE, per NY Post. https://t.co/VBxYLxEz34 pic.twitter.com/J3xQl89Hqo — The Kobeissi Letter (@KobeissiLetter) February 18, 2025 King was replaced by Leland Dudek, who will serve as the acting commissioner until President Trump’s nominee to head the office,…
INX Digital Company has excitedly announced the official listing of Dogecoin ($DOGE) and Pepe ($PEPE) on its platform INX.One. The platform aims to cement its reputation by creating a bridge between traditional finance and the ever-evolving landscape of digital assets. Through the listing of these two popular memecoins, INX strives to strategically provide culturally relevant digital assets. In this way, the platform makes a secure and regulated framework for these high-demand assets. INX to Introduce Memecoins to the Mainstream Trading Arena On the 17th of February, 2025, and at 10:00 AM EST, there was the official listing of $DOGE and…
A widely followed crypto analyst believes Bitcoin’s (BTC) delay in entering the most explosive phase of the cycle comes with pluses and minuses. Pseudonymous analyst Dave the Wave tells 147,700 followers on the social media platform X that Bitcoin may remain in a technical bullish trend for a while longer before eventually going parabolic. “The simple fact is that BTC price has not gone parabolic yet. This is both a negative and a positive. A negative in that those higher prices might not come in the here and now (is this really a negative?), and a positive in that price…
HONG KONG – Decentralized finance (DeFi) platform MANTRA said it secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows the platform to operate as a virtual asset exchange and offer broker-dealer and investment management services in the region. It positions MANTRA, which focuses on the Middle Eastern region, for global expansion while reinforcing its focus on tokenizing real-world assets (RWAs), the firm said. The firm’s Chief Executive Officer John Patrick Mullin described Dubai as a leader in crypto regulation, noting that the approval is a “crucial step” in the platform’s strategy…
Ethereum price has stalled this month as cryptocurrency investors remain on the sidelines, but some fundamental and technical catalysts may push it higher. Ethereum (ETH), the second-biggest cryptocurrency, was trading at $2,700 on Tuesday, a 35% drop from its highest level in November. This price is notable since it coincides with where it was trading on the same date in 2024. A few catalysts may help to push Ethereum price higher in the coming months. First, data shows that spot Ethereum ETFs have continued having inflows from Wall Street investors. They have had daily inflows in 7 out of 10…
At the moment, there’s no way to buy Circle stock as the stablecoin company is not publicly traded. Circle did file for a US IPO in early 2024, but we have no news beyond that. Circle is a digital currency company best known for its USD Coin stablecoin, which commands the 7th largest market capitalization of any cryptocurrency ($56.5 billion as of February 2025). Circle first announced its plans to go public in 2021 by merging with a special-purpose acquisition company called Concord Acquisition Corp, but the deal was later terminated in December 2022. Key takeaways: While Circle is not…
The crypto community keeps showing continuous engagement with the prominent altcoins on this Saturday. As per AltsDaddy, $SUI, $DOGE, $SOL, and $VRA are dominating the top ten altcoins based on Saturday posts. The altcoin tracking platform shared the list of these tokens on social media. 🎗️ Saturday’s Top Posted #Altcoins 🎗️1️⃣ $SUI2️⃣ $DOGE3️⃣ $SAI4️⃣ $SOL5️⃣ $VRA6️⃣ $CSIX7️⃣ $ASTRA8️⃣ $PROPS9️⃣ $ANYONE🔟 $LEOXRunner ups: $RIO, $PROPC, $LBM, $ENA, $NAKA#Altseason2025 #Altcoins $DDY pic.twitter.com/2VVjnpQrEi — AltsDaddy (@AltsDaddycom) January 4, 2025 $SUI Dominates Top Altcoin Projects in Saturday’s Discussions AltsDaddy’s list of top altcoins in line with posts this Saturday places $SUI in the lead…