Author: NBTC
Bithumb, a South Korean cryptocurrency exchange, is experiencing a hitch. The exchange announced that delays from its partner companies caused the inability to process Korean Won withdrawals. Bithumb reports delays in Korean won withdrawals due to partner company issuesBithumb, a South Korean cryptocurrency exchange, has announced on its official website that the platform is experiencing delays in its Korean won withdrawal services. The delays are due to issues with… — CoinNess Global (@CoinnessGL) October 28, 2024 While such announcements typically spark concern among crypto users, Bithumb users have remained calm. This is not their first experience with this issue. Last…
Marathon Digital Holdings, the world’s largest Bitcoin mining company, has launched an innovative project in which surplus heat from its mining operations will be utilised to heat the homes of residents of the Satakunta region. The pilot project, announced on June 20, 2024, uses heat generated by Marathon’s Bitcoin mining center, which utilizes the existing district heating network. This is the first time that Marathon has participated in district heating and is a significant step forward for the entire industry in terms of both energy efficiency and environmental sustainability. By recycling excess heat, Marathon reduces energy loss and at the…
The Central Bank of Brazil propped up tokenization and “open finance” as key elements of the future’s financial system. In a panel presentation before the IMF and the World Bank, the bank’s president stated that the intersection between these had been underestimated. Central Bank of Brazil Considers Tokenization Potential ‘Underestimated’ In a recent panel presentation held in Washington, the Central Bank of Brazil delved into the possibilities of tokenization and its benefits to the financial system when integrated with other elements. Central Bank’s President Roberto Campos Neto, who participated in the panel before the International Monetary Fund (IMF) and the…
Societe Generale is expanding its EUR CoinVertible (EURCV) MiCA-compliant stablecoin to the Solana blockchain, according to a Sept. 20 statement. This move comes more than a year after the bank’s crypto division, SG Forge, launched EURCV on the Ethereum blockchain. However, the asset has struggled to gain traction, with only 28 holders, 154 total transactions, and a total supply of 33 million EUR, according to Etherscan data. Why Solana? SG Forge said expanding EURCV to Solana will enhance user experience on DeFi platforms, payment systems, and decentralized applications. According to the firm, Solana’s network is known for handling tens of…
A major development has emerged in the cryptocurrency market as Ceffu, Binance‘s institutional custody service, executed a substantial transfer of about 1.28 trillion Pepe (PEPE) coins to Binance. This transaction, monitored by Arkham, occurred recently and carries an estimated value of $11.49 million. The move has sparked renewed interest and debate over the PEPE coin’s market position and Binance’s approach toward its assets. Contents hide 1 What Does Ceffu’s Role Entail? 2 What Impact Will This Transfer Have on Prices? What Does Ceffu’s Role Entail? Ceffu serves as a key asset custody solution for Binance’s institutional clientele. By facilitating large-scale…
The price of Bitcoin (BTC) has stalled after falling above the $53,000 mark. The largest cryptocurrency fell to a low of $52,756 before recovering. Long-term forecast for the BTC price: bearish Selling pressure has reached bearish exhaustion. Bitcoin has returned to the historical price level of July 5. On July 5, the cryptocurrency rallied after hitting a low of $53,219, as reported by Coinidol.com. In addition, the Bitcoin price rose to the psychological milestone of $70,000. In the last 24 hours, the price of the cryptocurrency has remained above its historical level. Bitcoin’s uptrend will continue if the support level…
Animoca Brands Japan is set to launch a non-fungible token collection inspired by the popular Japanese cyberpunk franchise, Ghost in the Shell. The tokens will be launched on the Ethereum network starting Oct. 31. According to an Oct. 25 press release, the Ghost in the Shell collection will consist of 500 unique NFTs featuring characters from the 1995 anime movie adaptation based on the 1989 manga series by Masamune Shirow. The Ghost in the Shell NFT collection will be launched on Animoca Brands Japan’s NFT trading platform SORAH. Sales will start on Oct. 31 at 12:00 JST. The platform employ…
WASHINGTON, Oct 26 (Reuters) – The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to the general public, as commercial banks risk failing to keep up with less-regulated tech firms, Governor Andrew Bailey said on Saturday. Bailey’s remarks build on his longstanding concerns that he does not want to see day-to-day payments or banking-type services shift to cryptocurrencies or services from tech companies that are less safe or private than banks. The BoE and Britain’s finance ministry have said they will not make a final decision before 2025 at the earliest…
The Polkadot community is celebrating the release of its latest major product, Agile Coretime, as part of the ongoing Polkadot 2.0 upgrade. This new feature represents a significant advancement in how computing resources are allocated and managed across the Polkadot ecosystem, bringing efficiency, scalability, and accessibility to projects of all sizes. Agile Coretime isn’t just a technical upgrade; it’s the most important product launch of the year for Polkadot as it evolves, through seamless on-chain governance, into a network ready to connect the Web3 masses. It also serves as a major catalyst for the renaissance of the entire ecosystem. By…
Bitcoin (BTC) crashed to $52,568 on September 6, up to 10.85% losses since the start of the month. Amid discussions about the “September Effect” punishing Bitcoin investors, a prominent analyst shows optimism as BTC reaches the “downside target.” The analyst is Credible Crypto, a Bitcoin long-term bull who signals his current bias through the X alias CrediBULL Crypto. Notably, the trader had previously shown a bearish bias in the past few months, warning of an impending BTC retracement. This recent crash has now changed Credible Crypto‘s short-term Bitcoin price prediction, and he believes in an incoming bullish reversal. Moreover, the…