Author: NBTC
Binance has announced that it will support the upcoming Viction (VIC) network upgrade and hard fork, scheduled to occur on October 29, 2024 at block height 86,158,494. Key Details: Suspension of Deposits and Withdrawals: Binance will suspend deposits and withdrawals of VIC tokens starting at 10:00 AM on October 29, 2024 to ensure a smooth transition. Network Upgrade Time: The upgrade is expected to occur around 11:00 AM. Post-Upgrade Tokenomics Changes: Increased Supply: The total token supply will increase from 100,000,000 to 210,000,000 tokens. Instant Circulation Increase: An additional 20,000,000 tokens will be added to the circulating supply immediately following…
As of right now, Bitcoin is trading below important resistance levels, and a lot of investors are focusing on the $60,000 mark as the next big target. But in order for Bitcoin to get there, three things must line up perfectly. Short orders with high leverage The liquidation of high-leverage short orders is one of the main factors pushing up the price of Bitcoin. A short squeeze results from numerous traders being compelled to liquidate their leveraged positions as BTC gets closer to higher price levels. Since they are compelled to do so, the price of Bitcoin is forced higher.…
An early investor of Shiba Inu (SHIB), has scored a significant profit via a SHIB rival meme coin. This unrealized profit in just five days by capitalizing on the recent surge in Neiro (NEIRO) price. The crypto investor, who previously garnered attention for making $145 million from SHIB trades in 2021-2022, continues to diversify their portfolio across several high-potential altcoins. Shiba Inu Whale’s NEIRO Surprise On September 18, the SHIB whale swapped 1,003 Ethereum (ETH) worth $2.31 million for 2.86 billion NEIRO tokens, despite the meme coin already registering a 17x price increase at the time. According to SpotOnChain, an…
Meme tokens may be hot, but gaining listings on centralized exchanges is still a tough process. When it comes to Upbit, a listing may be a form of vetting the token for slightly higher reliability. Upbit, one of the leading South Korean markets, can give a boost to new assets after listing. However, the market has been relatively conservative in expanding its selection. Upbit still lists hundreds of altcoins and tokens from previous bull markets, but has been cautious even about leading meme tokens. Upbit listed BONK after rising demand, with trading from October 22. PEPE and BRETT were only…
Vocal Bitcoiner and co-founder of MicroStrategy juggernaut Michael Saylor has taken to his account on the X social media platform (formerly popular as Twitter) to send a crucial message to the millions of his followers. Epic “Matrix” and “Orange pill” message from Saylor This message came after the world’s largest cryptocurrency in terms of market capitalization, Bitcoin, finally managed to recover by more than 5% – BTC surged from $54,600 to $57,520 in less than 24 hours, adding almost three thousand US dollars. By now, however, Bitcoin has dropped after showing some more volatility. At the time of this writing,…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Solana Breakpoint wrapped up over the weekend, ending the most illuminating couple of days Solanaland has seen in some time. The conference has been hyped for months, and on the content side, it delivered. We got details on Solana Mobile’s new phone, Firedancer’s testnet phase, Jupiter’s mobile app, and even Iggy Azalea’s new crypto-native online casino. Several threads outlined the litany of announcements that came out of Breakpoint. But for today’s edition, I’m going to dive into three questions…
In a recently published tweet, Ripple CTO David Schwartz, known on the X social media network as @JoelKatz commented on an X post by another user and added his comment which most likely refers to the legal overreach of the US Securities and Exchange Commission regarding crypto and “unregistered securities.” The XRP army supported Schwartz in trolling the SEC and its chairman Gary Gensler. “Accepting an offer of a contract?” X user @jeremyjudkins_ posted a photo of himself holding a branding iron with a Tesla logo on it. He tweeted that he would brand his backside with that if the…
In a press release, Garanti BBVA Kripto, one of the Türkiye’s leading digital asset platforms, has announced entering into strategic partnership with Ripple and IBM to enhance the security and performance of crypto trading platform. With more than 14,000 users and growing demand of digital assets such as the Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), the bank is investing heavily in high performance system that are secure to safeguard customer assets. A small pilot program was carried out in 2023 and after its success, the collaboration is now scaling up to the entire digital asset service of the bank.…
Solo Bitcoin miners are having a great year, it appears—despite the difficulty of minting the digital currency ever increasing. An individual miner on Thursday managed to process a block on the biggest cryptocurrency’s network, and took home 3.329 Bitcoin in total, worth $222,438 as a reward. Blockchain data shows that the block contained 3,285 transactions and was processed at 4:18am ET. Bitcoin mining is the energy-intensive job of processing blocks on the cryptocurrency’s network. Blocks are full of transaction data and are part of the Bitcoin blockchain—a nearly impenetrable ledger and one of the most secure computing networks on Earth.…
Last week, weak non-farm payrolls data from the US caused a decline in Bitcoin and altcoins, with the BTC price falling to $52,500. The subsequent recovery took the price above $57,000, and the analyst explained the price level that must be exceeded for the rise to be sustainable. Speaking to The Block, BRN analyst Valentin Fournier noted that if Bitcoin breaks above the $59,750 resistance level, a sustained uptrend could begin. But Fournier said the rise was due to two important factors. According to the analyst, the first of these is Donald Trump’s performance in today’s debate with Kamala Harris…