Author: NBTC
Binance, the world’s largest digital currency trading platform by trading volume, has restricted its services in multiple countries around the world while completely ending operations in some, due to the regulatory pressure in these nations. As per the exchange’s list of ‘prohibited countries,’ Binance is not operable in Canada, the Netherlands, the United States, Cuba, the Democratic People’s Republic of North Korea (“DPRK”), Iran, Syria, the Crimea region, or any non-government controlled areas of Ukraine. On the other hand, the leading exchange has faced scrutiny from regulators in Nigeria and was recently forced to shut down all Nigerian Naira (NGN)…
Recent rallies in Bitcoin and gold may be linked, according to a new analysis by Wolfe Research. The firm suggests that the Bitcoin rally, initially triggered by microeconomic factors at the end of 2023, has now merged with the more macroeconomic-driven gold rally. Gold increased by 5.7% in March, accounting for a large part of the 6% gain it achieved in the last month. It reached record highs for four consecutive sessions last Friday. Similarly, Bitcoin traded at record levels this week, reaching all-time highs on both Tuesday and Friday. Bitcoin increased by 8% in March. Bitcoin’s positive price performance…
The Dencun upgrade is scheduled for March 13. It is expected to result in lower fees for users of layer-2 networks. It allows Ethereum to act as a proper database for other blockchains. The Ethereum blockchain’s Dencun upgrade, scheduled for March 13, is the first step toward enabling its rollup–centric roadmap and will allow the network to function as a proper database for layer-2 blockchains to store data more efficiently and cheaply, Fidelity Digital Assets said in a research report on Wednesday. “Ethereum’s improvement as a database unveils the opportunity for near-zero transaction fees for users of layer 2’s,” and…
Algorand, a third-generation Proof-of-Stake (PoS) blockchain, is getting set for its next token unlock exercise. As posted on the Token Unlocks, Algorand’s next token unlock will kick-start on March 19, 2024, and run for 31 days. According to the posted information, the project will release 2.29 million ALGO daily into the Algorand network for the duration of the token unlock exercise. By ALGO’s value as of the post, the daily unlocked volume would be approximately $516,000 in fiat value. Token Unlock’s data shows that 9.77 billion ALGO, equivalent to about 98% of the blockchain token’s total supply, has been unlocked…
Binance, one of the world’s leading cryptocurrency exchanges, announced that it has suspended deposits and withdrawals for certain tokens in order to ensure the best user experience and support the upcoming Ethereum network upgrade and Hard Fork. Binance Will Support Ethereum Network Upgrade and Hard Fork Effective approximately March 13, 2024, at 16:25, Binance operates the Ethereum (ETH) network, as well as Arbitrum (ARB), Optimism (OP), zkSync Era, Base Protocol (BASE), Manta Network (MANTA), Starknet. It will temporarily suspend deposits and withdrawals on some other associated networks, such as (STRK) and Polygon (MATIC). The network upgrade and Hard Fork is…
El Salvador – one of the smallest and most densely populated countries in Central America – may eventually become one of the wealthiest countries in the world because of its Bitcoin holdings. For context, the country became the world’s first nation to accept Bitcoin as legal tender in September 2021. Then, on November 16, 2022, El Salvador’s President Nayib Bukele announced that the government would start purchasing 1 BTC per day. Although President Bukele’s decision was met with criticism, it has been reported that the Bitcoin held by the government of El Salvador – which consists of over 2,000 BTC…
ShapeShift CEO and Founder Eric Voorhees recently raised concerns about the decentralized finance (DeFi) arena by pointing out the extraordinary returns being generated by stablecoins such as Tether (USDT) and (USDC) on platforms like Compound. This statement comes amid the latest update on SEC and ShapeShift fiasco that witnessed the latter paying a fine. ShapeShift CEO Highlights Exorbitant USDT & USDC Returns On Compound The ShapeShift CEO highlighted that stablecoins like USDT and USDC have attracted about 20% to 30% returns from collateral loans on Compound. In a tweet, Voorhees remarked, “Trustworthy stablecoins (USDT, USDC, etc) across defi are earning…
The activity in PulseChain and PulseX-related wallets, founded by Richart Heart, the producer of the altcoin HEX, which the US Securities and Exchange Commission (SEC) filed a lawsuit against for allegedly selling unregistered securities, continues. PulseChain and PulseX, which have accelerated their Ethereum purchases in recent days, made another ETH purchase today. According to Spot on Chian’s post, wallets linked to PulseChain and PulseX spent more than 201 million DAI to purchase 51,809 ETH in the last 10 hours. With this large purchase, the price of ETH rose above $ 3,900. “Wallets on PulseChain and PulseX spent more than 201…
An avenue to get Shiba Inu ecosystem token BONE on Binance, the most prominent crypto trading platform, has emerged, with community members rallying to support the process. Bone ShibaSwap (BONE), the gas token of L2 blockchain Shibarium, has yet to be listed on Binance despite constant calls from enthusiasts. Interestingly, the SHIB Army has found an opportunity to have BONE listed on Binance, calling on one another to join the movement. Leading this voice is Shiba Inu content specialist Lucie. In a recent post on X, Lucie called on Shiba Inu community members to vote for BONE’s listing via the…
A widely followed crypto analyst is reacting as king crypto Bitcoin (BTC) sets a new record all-time high. According to CoinGecko, BTC reached a new all-time high of $69,255 earlier this morning. In response, crypto trader Michaël van de Poppe says this is the first new all-time high before Bitcoin’s halving, a pre-programmed event that occurs every four years designed to cut the BTC rewards to miners in half. “BREAKING: Bitcoin reaches a new all-time high at $69,500. The first time we’re seeing a new all-time high pre-halving.” The next BTC halving is expected next month. According to Van de…