Author: NBTC
Binance, a leading global cryptocurrency exchange, has announced that it will stop supporting deposits and withdrawals of various tokens through certain networks starting October 23, 2024, at 11:00 AM. Binance to Stop Supporting Token Deposits and Withdrawals on Select Networks Until October 23, 2024 Users are advised to take action before the deadline to avoid possible asset losses. After the blackout period, any deposits made through the specified networks will not be credited to users’ accounts and may result in loss of assets. The affected tokens and their respective networks are: Beta Finance (BETA) via BNB Smart Chain Cream Finance…
The price of the cryptocurrency market’s largest altcoin, Ethereum (ETH), seems to be coming back to life today after a period of disappointing performance. It is worth noting that this disappointment is not with Ethereum itself, which still correlates with the general market, but rather with expectations of market participants. But first things first. Today so far, the price of Ethereum has risen by more than 1.2%, with most of the increase taking place in the last few hours. But why? The reason may be in Vitalik Buterin, the visionary creator behind Ethereum, who once again appeared on the timeline…
The management of bankrupt cryptocurrency firm FTX is preparing to sell 22.3 million locked Worldcoin (WLD) coins, worth approximately $37.7 million, at a significant discount as part of its ongoing efforts to recover funds for creditors. Worldcoin (WLD) to be Sold by FTX Expects 40 to 75 Percent Discount Sources familiar with the matter explained that the discount could range from 40% to 75% on the current market price of WLD, which is trading around $1.69. Bidders must submit bids for the auction by 8 a.m. Wednesday. Successful bidders will be notified by Thursday. With 22.3 million tokens up for…
South Korea is planning to impose foreign exchange controls on stablecoins, underscoring the government’s concerns over their growing use in cross-border trade. South Korea is weighing the introduction of foreign exchange controls on stablecoins, reflecting government concerns over their growing use in cross-border trade, The Korea Economic Daily has learned. The Ministry of Economy and Finance is reportedly reviewing measures to enhance the stability of crypto transactions, particularly those involving stablecoins. While stablecoins have been widely used only within the cryptocurrency ecosystem, the ministry believes that they may soon function as a payment and transaction method in the real economy.…
Binance, the world’s largest cryptocurrency exchange, continues to make altcoin announcements. At this point, the last announcement came for the altcoins Chiliz (CHZ) and Pepper (1000PEPPER). Binance has announced that it will support the Pepper (1000PEPPER) airdrop for Chiliz (CHZ) holders. “Binance will support Pepper (1000PEPPER) airdrop for Chiliz (CHZ) holders. Airdrop Details: Snapshot Time First snapshot time: 2024-10-10 00:00 (UTC) Second snapshot time: 2024-10-17 00:00 (UTC) Third snapshot time: 2024-10-24 00:00 (UTC) Fourth snapshot time: 2024-10-31 00:00 (UTC) Pepper token will have the symbol 1000PEPPER on Binance. The amount of 1000PEPPER to be airdropped for each user holding CHZ…
The divergence between Bitcoin’s hash rate and price could signal a potential rally in prices, according to historical data. September’s counter-seasonal price trend has already started to show signs of this divergence trend playing out. Publicly traded miners have increased their market share post-halving by raising their computing power and started accumulating bitcoin, potentially reducing market supply and raising a chance of upside to the price. A divergence between bitcoin (BTC) price and its hashrate or network’s total computing power could potentially point towards a rally in the price of the largest digital asset. Historically, these divergences have occurred only…
As of Oct. 7, 2024, ethereum is trading between $2,467 and $2,473, with its market capitalization standing at $297 billion. Over the past 24 hours, its price has moved within a range of $2,416 to $2,510, accompanied by a trading volume of $12.87 billion. The 1-hour, 4-hour, and daily charts all suggest the market is in a holding pattern, as traders anticipate a clearer direction for ethereum’s next move. Ethereum The 1-hour chart shows ethereum bouncing from the $2,412 support level to a short-term high of $2,513 before pulling back. With low trading volume and sideways price movement, the market…
Traders are pricing in less than 50 basis points of Fed interest-rate cuts by year-end, down from 75 bps early last week. Bitcoin’s rally stalls as Treasury yields and the dollar index rise. Though crucial, Thursday’s U.S. inflation data may not cause tectonic shifts in the market. About three weeks ago, the U.S. Federal Reserve (Fed) delivered an outsized 50 basis point interest-rate cut, interpreted by many analysts as signaling more easing ahead. The move triggered a wave of optimism across financial markets, with analysts predicting 75 bps of additional cuts and a $100,000 price for bitcoin (BTC), currently around…
An anonymous cryptocurrency trader turned a $368 initial purchase into $2 million of unrealized gains in just three days. Commentators on X speculate on a possible insider trading activity, although nothing is confirmed. In particular, the trade occurred with the meme coin HIPPO on the Sui network against its native token, SUI. According to a Lookonchain report on October 2, the “guy” made approximately $2 million in three days. First, on September 28, the anonymous trader spent $368 worth of 198 SUI to buy 253.5 million of HIPPO. The “guy” then sold 119.6 million HIPPO for $325,000 worth of 175,000…
Hoskinson uses a lawsuit to highlight Trump’s favorable crypto policies over Harris, suggesting he could influence future SEC decisions. The crypto community favors Trump for his pro-crypto stance, as shown by betting odds and market support, expecting beneficial regulatory changes. Cardano founder Charles Hoskinson has leveraged a lawsuit against the U.S. Securities and Exchange Commission (SEC) to highlight his support for Donald Trump over Kamala Harris in the upcoming U.S. election, due to Hoskinson’s bold attitudes towards the SEC’s decision to appeal the Ripple ruling. As CNF recently highlighted, Hoskinson suggested a potential shift in legal frameworks governing cryptocurrencies with…