Author: NBTC
Ethereum’s shift to proof-of-stake and the successful 2023 upgrade increased confidence among investors. Tether offers stability as a top stablecoin, and staking USDT can provide consistent rewards despite fluctuating market demand. Cardano and Avalanche present viable alternatives to Ethereum, with Cardano excelling in efficiency and Avalanche offering high transaction output. Investors continue to invest in staking cryptocurrencies more and more, and as a result, they are looking for stablecoins and blockchain networks for staking to earn passive income. Out of all those tokens, Ethereum (ETH), Tether (USDT), Cardano (ADA) and Avalanche (AVAX) remain particularly attractive in the eyes of stakers.…
In response to new regulatory measures in Turkey, the MEXC cryptocurrency exchange has faced considerable access restrictions. The Turkish government has been implementing stricter regulations on cryptocurrency exchanges, resulting in the removal of Turkish language support across numerous global platforms. Following a recent directive from the Capital Markets Board (SPK), certain exchanges are now blocked from operations within the country. Contents hide 1 What Led to MEXC’s Access Block? 2 How is MEXC Responding to the Situation? What Led to MEXC’s Access Block? On December 11, the SPK enforced a ban on the MEXC website. While some users are navigating…
Polygon has announced a strategic collaboration with Abu Dhabi Global Market (ADGM). This partnership aims to establish international token disclosure standards. Thereby, both partners aim to enhance security and foster confidence in the rapidly evolving Web3 ecosystem. Polygon is a prominent blockchain development company while ADGM is a leading international financial center. We’re joining forces with Abu Dhabi Global Market (@ADGlobalMarket) to create international token disclosure standards, promoting transparency, trust, and security in Web3. Together, we’re shaping the future of blockchain innovation and adoption: https://t.co/ZDuB9GGreS — Polygon (※,※) (@0xPolygon) December 10, 2024 Advancing Blockchain Innovation through Standardization This initiative builds…
Key Takeaways Moo Deng is the most popular meme coin among non-expert crypto participants. Bitcoin’s stability has helped foster a thriving market for meme coins. Rasmr, a well-known crypto Twitter KOL, recently conducted a survey asking normies—people not deeply involved in crypto or meme coins—which meme coin was their favorite. Since meme coins often gain popularity due to their viral nature, the survey aimed to predict which coins could capture mass appeal. Rasmr tweeted that MOODENG was the number one meme coin voted by normies, with BILLY in second place, GIGA in third, SIGMA in fourth, and MICHI in fifth.…
Eric Trump revealed to CNBC’s Dan Murphy in Abu Dhabi, United Arab Emirates, on December 9 that a set of “sensible” regulatory guidelines can help make the U.S. a cryptocurrency superpower. He acknowledged the people in the crypto industry are fine with regulation, but they just want guidelines. The son of president-elect Donald Trump also believes that his father intends to make America the crypto capital of the world on his return to the White House. Eric argued that the modern banking system is antiquated. He hopes that it’s just a matter of time before crypto not only catches up…
Binance is set to enhance its trading ecosystem by introducing new spot trading pairs and advanced Trading Bots services. Binance Expands Trading Options with New Pairs and Trading Bot Services The updates aim to provide users with a wider variety of trading opportunities and an optimized experience. New Trading Pairs Launch On December 13, 2024, at 11:00 AM, Binance will list the following trading pairs on the spot market: HIVE/FDUSD HIVE/USDC IDEX/FDUSD IDEX/USDC TLM/FDUSD TLM/USDC Trading Bots Services Binance will also enable Spot Algo Orders for the pairs listed above, allowing users to automate and streamline their trading strategies. Special…
Blockchain and Web3 tracking platform DappRadar reported a significant growth in the blockchain gaming sector for November 2024. The blockchain gaming sector held a 28.2% market share, with an average of 6.8 million daily active wallets (dUAW). That is a 16% increase from the sector’s dUAW in October. In a post on X, DappRadar highlighted the top gaming blockchains for November, including opBNB, Matchain, Ronin, Nebula, and Near Protocol. Others include Aptos, Immutable zkEVM, Polygon, Base, and Kaia. 3/ Top Gaming BlockchainsopBNB dominated as top performing blockchain backed by popular titles like @gomblegames and @Seraph_global while @Matchain secured the second…
Ripple’s XRP has shifted to Binance, where whales have been making deposits since 2021. XRP is still a long-term bet for rapid appreciation, raising new hopes with each bull cycle. XPR whales prefer Binance for their deposits. Since 2021, reserves on Binance increased, despite the pruning of liquidity pools and pairs. Whales started more active deposits three years ago, and Binance remains the preferred market, with significant XRP reserves. More than 14% of all XRP trading is concentrated in the two available Binance trading pairs, making the exchange a suitable hub to bet on XRP volatility. According to CryptoQuant, the…
With President-elect Donald Trump naming Paul Atkins as SEC Chair and venture capitalist David Sacks as the first-ever White House Crypto Czar, the crypto industry is poised for a seismic shift. These appointments mark a significant departure from the SEC’s enforcement-heavy stance under Gary Gensler and signal the Trump administration’s intent to create a more industry-friendly regulatory environment. Paul Atkins, a former SEC commissioner, is known for his pro-innovation stance and preference for self-regulation over heavy-handed enforcement. His appointment has been met with optimism in the crypto sector, which frequently clashed with Gensler’s SEC. Under Atkins’ leadership, a lighter regulatory…
Binance has announced its support for the upcoming major network upgrade on aelf (ELF) to ensure a seamless experience for its users. The upgrade is scheduled to take place on December 25, 2024, at approximately 10:00 (UTC), at block height 248,832,789. Binance will handle all technical requirements on behalf of its users to ensure the upgrade is completed successfully. Temporary Suspension of Deposits and Withdrawals Starting from December 25, 2024, at 09:00 (UTC), deposits and withdrawals on the aelf (ELF) network will be temporarily suspended. This precaution is taken to ensure the safety of user funds and to facilitate the…