Author: NBTC
Binance CEO Richard Teng has revealed the strategy the exchange will follow to regain its growth trajectory. Teng stated that the real objective is to attract outsiders to crypto, downplaying the recent decline of Binance in the exchange market. Binance Reveals ‘Compliance First’ Strategy to Recover Market Share Binance, the largest cryptocurrency exchange in the world, has outlined the steps to follow to recover its growth path. The exchange, which pled guilty to violations related to the Bank Secrecy Act (BSA) and failure to register as a money-transmitting business, is planning to lean into its new compliance-first strategy to attract…
Bitcoin mining firm Sangha Renewables aims to help renewable energy companies start their own bitcoin mines. Green power producers often struggle with stranded energy and are even sometimes forced to pay the market to take excess electricity. Sangha is closing a 19.9 MW deal to open its first facility in West Texas; the operation is projected to generate 900 bitcoin over the next 10 years. What if renewable energy companies mined bitcoin? That’s essentially the question that Spencer Marr, the charismatic 37-year-old president of bitcoin (BTC) mining firm Sangha Renewables, asked himself at the tail end of the 2017 crypto…
The prices and trading activities identified significant movement in the cryptocurrency market. According to recent data from Phoenix, the market capitalization reached $2.33 trillion, with a trading volume of $83.05 billion in 24 hours, with $BTC and $ETH dominating the market. Bitcoin ($BTC) raised its price to $69,595 with a dominance rate of 59.0 %. Bitcoin Dominates as Investor Confidence Grows Bitcoin’s 59% dominance signals investor confidence as BTC maintains its momentum. The increased attention towards $BTC reflects a growing shift among traders favoring established assets in uncertain market conditions. Meanwhile, Ethereum’s market position remains solid, $ETH raised its price…
With the U.S. experiencing a decline in its share of crypto developers, the country may be jeopardizing its leadership position in the swiftly changing crypto economy. The United States is experiencing a decline in its share of crypto developers, prompting concerns over its leadership in the blockchain space. Recent data from Maria Shen, general partner at blockchain venture firm Electric Capital, reveals that the U.S. now represents only 18.8% of global crypto developers. https://twitter.com/MariaShen/status/1851702779946901968 The U.S.’s developer share has also fallen by 51%, suggesting that the country may be losing its competitive edge. Shen attributes this shift to a challenging…
Shibarium, the Layer-2 scaling solution for the Shiba Inu ecosystem, is set for a major upgrade that will increase its security and scalability. Shiba Inu’s marketing executive Lucie announced that the upgrade would target Puppynet, Shibarium’s testnet. Puppynet to Get Update That Brings Ethereum’s ‘Best Practices to Shibarium’ Puppynet is scheduled for an upgrade on Friday at 2:30 a.m. ET at block 4,697,000. The changes include the Bor upgrade to version 1.3.7-bone-beta and the implementation of the Cancun hard fork. These enhancements aim to improve network performance, security, and overall efficiency, offering users a smoother experience. “This upgrade is for…
OSL Group has signed an agreement to acquire over 80% of Japan’s FSA-licensed crypto exchange CoinBest, marking its entry into the Japanese crypto market. Hong Kong‘s licensed crypto operator OSL Group has announced plans to acquire an 81.38% stake in CoinBest, a Japan-based crypto exchange licensed by the Financial Services Agency. In a Nov. 4 press release, OSL said the acquisition, led through its Japanese subsidiary, marks the group’s “strategic step” into the Japanese market, which is seeing rapid growth in crypto adoption and boasts over 5 million active crypto accounts as of 2023. “Through the acquisition of CoinBest, OSL…
Ethereum’s recent price movements reveal a strong seller presence, particularly around the critical resistance region at the 100-day moving average. This price action suggests increased downward pressure, with a corrective consolidation expected in the near term. Technical Analysis By Shayan The Daily Chart Ethereum recently encountered heightened selling activity at the $2.6K resistance area, aligned with the 100-day moving average. This led to a rejection, pushing the asset back toward the dynamic support at the channel’s middle trendline near $2.3K. The presence of sellers at this resistance zone suggests it remains a significant barrier for buyers, at least for the…
The stablecoin boom in Brazil has caught the attention of the central bank, which is currently exploring several ways to tax stablecoin remittances, including issuing a special license for crypto exchanges that provide these services. Central Bank of Brazil Explores Tax on Stablecoin-Based International Transactions, but There’s a Catch The Central Bank of Brazil is looking to capitalize on the popularity of stablecoins in Brazil and is now examining the possibility of taxing stablecoin-based remittances. According to industry stakeholders, the bank is considering including this kind of taxation in a definitive version of the cryptocurrency rules to be finalized next…
A recent report from CoinGecko reveals that 8.7 million cryptocurrency wallets currently hold stablecoins. The majority of these stablecoins are concentrated in three major types: $USDT, $USDC, and $DAI, which together account for 97.1% of all stablecoin holdings. Ever wondered how many wallets hold stablecoins? 🔎Our latest report revealed that 8.7M addresses hold stablecoins, with 97.1% holding $USDT, $USDC, or $DAI.Read the full report: https://t.co/V1uxLTAmKd pic.twitter.com/OQrsquVAPI — CoinGecko (@coingecko) September 15, 2024 USDT, USDC, and DAI Show Increased Stablecoin Stability Post-Banking Crisis Stablecoins, as the name suggests, are designed to offer price stability, their prices linked to another asset –…
The European branch of Robinhood, a top U.S. brokerage platform, has launched live transfer options for Pepe Coin (PEPE). This new feature allows European users to withdraw and deposit PEPE directly on Robinhood’s crypto platform. In addition, a 1% deposit bonus is being offered for a limited time to encourage users to participate in PEPE transfers. Pepe Coin, often referred to as PEPE, was launched last year, inspired by the popularity of the “Pepe the Frog” meme. PEPE is currently the 24th largest cryptocurrency, with a market capitalization of $3.45 billion and a spot market trading volume of approximately $598.35…