Author: NBTC
As the BNB Beacon Chain prepares for its significant second sunset upgrade, set for July 14, 2024, at 6:00 AM UTC, the crypto community is poised for another milestone in the chain’s evolution. This upgrade, earmarked for block height 378,062,790, necessitates all full node runners on the mainnet to transition to version 0.10.22 by the scheduled date. This strategic update underscores Binance’s commitment to enhancing network performance and security, marking a pivotal step in the ongoing BC Fusion project. The preparation for this transition is critical, as it ensures continuity and stability across the network, bolstering the infrastructure that supports…
Both gold and Bitcoin (BTC) have their niche roles in investing. Gold has little practical use besides jewelry and certain specialized electronics, while Bitcoin has virtually none (pun intended). That said, investors still seek them out, primarily as an alternative to fiat currency. Furthermore, both assets have surged recently, setting their respective price records in 2024. However, is it better to invest in gold or Bitcoin? We’ll try to find out in this article. Why would anyone invest in gold or Bitcoin? Now that’s a good question. Both financial assets remain in an awkward position in today’s economy. While the…
A recent YouTube video delves into the controversial history of major banks like JPMorgan Chase and Goldman Sachs, alleging their involvement in numerous financial crises and asserting their influence over governments and society. The host details how these financial institutions have been associated with numerous crises and atrocities, including corruption, war, slavery, and political interference. Their control and manipulation tactics contributed to the Great Depression in the 1930s and the 2008 subprime mortgage crisis. Despite their controversial involvements, these banks have continued to prosper and wield substantial power in the global financial market. Additionally, the video explains the banks’ roles…
Ripple Chief Technology Officer David Schwartz recently debunked a particularly persistent misconception. Amid whispers of Ripple potentially abandoning its associated token, XRP, Schwartz stepped in to clarify the situation. The seeming confusion emanated from the Ripple CTO’s current bio post that reads: “When a scrappy financial startup takes on a web of corruption and betrayal to bring instant payments to the masses, they learn that the cost of disrupting the status quo is higher than they could ever have imagined, forcing them to decide between their vision and their survival.” This statement has fueled rumors and speculation within the cryptocurrency…
Influential voices within academia and the tech sector are urging the Chinese government to reconsider its stringent ban on crypto mining. This call for reassessment comes amid global shifts in the crypto mining ecosystem and potential geopolitical changes that could impact economic strategies. Journalist Colin Wu recently highlighted a significant statement from Wang Yang, Vice President of the Hong Kong University of Science and Technology. Wang criticized China’s comprehensive ban on crypto mining, labeling it as “very unwise.” According to Wang, this policy has inadvertently driven Chinese crypto miners to relocate to the United States. He stated that the exodus…
The price of Bitcoin, the leading cryptocurrency, surged to a new intraday high of $68,276 earlier today on the Bitstamp exchange. The cryptocurrency has touched its highest level since Apr. 12 after plunging to as low as $56,500 on May 1 due to stagflation fears. It is worth noting that ETF flows remain correlated with the price action. Last week, Bitcoin ETFs experienced positive inflows on all five trading weeks, recording total net flows of roughly $950 million. According to Bitcoin analyst Alessandro Ottaviani, if BlackRock’s IBIT and other spot Bitcoin ETFs record more inflows, the Bitcoin price could end…
Ethereum’s price stands at $3,311, with a market capitalization of $404 billion. The 24-hour intraday trading range has fluctuated between $3,277 and $3,500, while the 24-hour trade volume has reached $16.82 billion. A technical analysis across various timeframes highlights significant bearish indicators. The confluence of oscillators and moving averages suggest a continuation of the downward trajectory unless strong buying interest emerges. Ethereum Ethereum’s daily chart reveals a pronounced downtrend, with the price peaking at $3,980 and consistently forming lower highs and lower lows. Recent trading sessions show a sharp decline, closing at $3,225, accompanied by a significant increase in volume.…
Chinese tech giant Tencent (NASDAQ: TCTZF) will participate in the cross-border wholesale central bank digital currency (CBDC) project mBridge at the minimum viable product (MVP) stage. Tencent is one of the few non-bank companies from China that participated in mBridge, a cross-border CBDC project involving China, the United Arab Emirates, Thailand, Hong Kong, and most recently, Saudi Arabia. The Bank for International Settlements (BIS) has been coordinating the project, which is one of the most advanced CBDC pilots globally. Tencent participated through Tenpay Global, its domestic payments platform, and WeBank, its digital banking subsidiary. The firm, which owns China’s largest…
Ripple offloads 150 million XRP, valued at over $78 million, after reserving 400 million tokens during this month’s escrow unlock. In a recent post on X, market tracking platform Whale Alert called attention to Ripple’s latest massive XRP movement. Per the update, the American payment firm dispatched 150,000,000 XRP to the anonymous wallet at 02:08 UTC today. 🚨 🚨 🚨 🚨 150,000,000 #XRP (78,209,179 USD) transferred from #Ripple to unknown wallethttps://t.co/lPfylIvDdm — Whale Alert (@whale_alert) June 7, 2024 The magnitude of this transaction has fueled speculation about Ripple’s strategic intentions. In particular, the movement of 150 million XRP sparked concerns…
A Monday rally during the U.S. trading day put an end to what had been very muted crypto price action over the previous 72 hours, pushing bitcoin (BTC) above $68,000 for the first time in more than five weeks. At press time, the world’s largest crypto was changing hands at $68,250. Leading the rally in crypto was Solana’s (SOL), which has gained 7% over the past 24 hours, also to more than a five-week high. That outperformed both bitcoin’s 2.6% advance and the CoinDesk 20’s 2.8% rise. Read more: Solana’s SOL Could Hit $200 By Month End, Hedge Fund Founder…