Author: NBTC
Bithumb, South Korea’s leading cryptocurrency platform, announced that it has added the MEW token to the Korean Won (KRW) market. Bithumb Adds (MEW) to KRW Market The exchange clarified that MEW can only be traded on the KRW market, which is powered by the Solana network. Deposits for MEW will begin at 18:30 on June 7, 2024, and trading and withdrawals will begin at 21:00 on the same day. The starting price of MEW is set at 6,053 KRW and there is a deposit confirmation requirement of 20 confirmations. Details of MEW Trade Support: Sunday: KRW Network: Solana (Deposits from…
Researchers at Paradigm, Dan Robinson and Dave White, have introduced Miner Extractable Value (MEV) taxes, a mechanism that aims to help decentralized applications capture their own MEV, potentially redirecting value back to users and developers. For the uninitiated, MEV refers to the profits that miners or validators can gain by reordering, including, or excluding transactions within a block. Notably, the European Securities and Markets Authority recently revealed an ongoing examination of MEV mechanisms, suggesting it could be a market abuse mechanism under MiCA. Traditionally, the profits from these MEV activities go to block proposers. For instance, a Solana-based MEV bot…
Bitcoin bears might be in danger as open interest on the shorts’ side is slowly climbing up on a par with the spot buying volume. Such a divergence quite often leads to short squeezes which, in the case of Bitcoin, will most likely lead to a breakthrough and a move toward $100,000. Spot Cumulative Volume Delta (CVD) is the first thing to notice. On the spot market, this metric displays the total net buying or selling. In this instance, there is a growing spot buy delta, and the Spot CVD is leading with the price. According to this, the recent…
Prominent figures in the XRP community have become increasingly optimistic about the possibility of XRP listing on the American exchange Robinhood, renowned for its strict listing policies. Notably, leading U.S.-based exchanges such as Coinbase, Gemini, and Kraken support trading services for XRP, having relisted it after Ripple secured a lawsuit victory against the SEC about a year ago. Despite the ruling that XRP is not a security, Robinhood has continued to distance itself from XRP. At present, Robinhood only supports XRP’s real-time market data. This service is available to over 50 crypto assets the exchange does not approve for trading,…
In 2018, European Union (EU) member states launched the European Blockchain Services Infrastructure (EBSI), a partnership to develop blockchain-based public services. Currently, there are 40 nodes spread across the continent, and multiple use cases, mostly related to verifiable credentials, have been developed. The European Commission has now decided to make things official by creating a new legal entity, the European Digital Infrastructure Consortium (EDIC), to make it simpler to share costs and govern the network. The EDIC will have nine members, including Belgium as host, along with Croatia, Cyprus, Greece, Italy, Luxembourg, Portugal, Romania, and Slovenia. Poland has requested to…
The recent US jobs report has significantly impacted the cryptocurrency market, wiping out over $500 million in Bitcoin open interest. This drastic market movement comes after mixed signals from the latest employment data. US Jobs Report Slashes Bitcoin Open Interest The US Bureau of Labor Statistics reported that May saw an increase in hiring by 272,000 in the establishment survey. However, the household survey indicated a drop in employment and a rise in unemployment, which climbed to 4.0% — the highest since January 2022. Average weekly hours remained steady at 34.3, which often aligns with a soft economy. Additionally, average…
GameStop shares fell slightly Tuesday as traders mulled new posts from Keith Gill, a meme stock influencer better known online as Roaring Kitty or DeepFuckingValue. As of this writing, GameStop shares traded nearly 4% lower on Tuesday at $27 even. The retreat followed a 30% drop on Monday after a Reddit post from Gill garnered widespread attention on Superstonk, a go-to community for people to discuss shares in the video game retailer. Reminiscent of the “GME YOLO update[s]” that Gill penned during GameStop’s meteoric run-up in 2021, the meme stock influencer posted his purported positions Sunday. Under his Reddit account…
Today, on April 20, the Dogecoin community around the world celebrates the DOGE day (also known as the weed day). This year, the DOGE day arrived right after the fourth Bitcoin halving event. Wishing all a happy #Dogeday, #Floki sends his regards! 🐾Let’s paws for a moment and appreciate the good times and memes we’ve enjoyed together in our community! 🧡 pic.twitter.com/fpr7GTJ5ui — FLOKI (@RealFlokiInu) April 20, 2024 The crypto Twitter/X is full of celebratory posts about 4/20. However, the biggest and the most influential Dogecoin fan Elon Musk has not published any posts about it so far. Instead, he…
South Korean digital asset exchange Upbit announced the addition of Tether (USDT) to the KRW and BTC markets. Upbit Announces Addition of Tether (USDT) to KRW and BTC Markets USDT Addition Details: Digital Asset: Tether (USDT) Markets: KRW, BTC Supported Networks: Tron, Ethereum Deposit Start Time: Within 3 hours from the announcement Important notes: Users are advised to verify the network before making any deposits. Deposits made through networks other than Tron and Ethereum will not be supported. Upbit has outlined certain trading restrictions to ensure market stability in the initial phase of USDT trading. Buy Restriction: Buy orders will…
At this year’s St. Petersburg International Economic Forum (SPIEF), the regulation of cryptocurrency mining emerged as a central theme, capturing the attention of policymakers, industry leaders, and economic experts from around the world. As digital currencies continue to gain prominence, the need for robust regulatory frameworks to govern their mining has become increasingly pressing. Ivan Chebeskov, the Russian deputy finance minister, and Valery Seleznev, the first deputy chairman of the State Duma’s energy committee, attended the forum. Other guests were State Duma Committee on Information Policy, IT, and Communications politician Anton Tkachev. The meeting also featured cryptocurrency mining leaders. Founder…