Author: NBTC
The tech industry, and particularly the cryptocurrency sector, has been deeply involved in political races this year. Paul Grewal, Chief Legal Officer at Coinbase, addressed criticisms of this involvement on social media, pushing back against claims that it’s “monstrous.” Apparently it’s “monstrous” to exercise free speech rights and engage in the political process. Like it or not that’s US politics on the left and right in 2024. Maybe what’s monstrous instead is another elite, cartoonish embrace of the traditional Great Savior figure over those… https://t.co/kvf9Jj4VIU — paulgrewal.eth (@iampaulgrewal) October 7, 2024 Grewal argued that both the left and the right…
Wirex Pay has launched early access to its new app for select whitelisted users. The app is part of Wirex’s decentralized payment network, aiming to update the use of digital assets in everyday payments. This early phase allows users to test the system before a broader rollout. Wirex Pay is designed to give users complete control over their digital assets through a non-custodial wallet. It offers crypto payment capabilities for both online and in-store purchases across over 200 countries. The app is structured to eliminate the need for intermediaries, giving users direct access to their assets for secure transactions. Blockchain…
The Coinbase Premium ratio is in the red zone, while the BTC price is surging again. This rare pattern can only indicate powerful buying pressure on Binance (BNB), the world’s largest cryptocurrency exchange by trading volume, an analyst says. Bitcoin (BTC) buying pressure on Binance (BNB) confirmed as Coinbase Premium in red zone Today, Sept. 20, 2024, Coinbase Premium metrics dropped to multi-week lows. Combined with a mini-rally of the Bitcoin (BTC) price, this signals investor optimism on Binance (BNB), a pseudonymous crypto analyst who goes by Avocado Onchain says. Negative Coinbase Premium Signals Strong Buying Pressure on Binance“During the…
B² Network has announced a new partnership with Cyber Finance. It aims to bring innovative decentralized finance (DeFi) solutions to the Bitcoin ecosystem. The news was shared on both companies’ X (formerly Twitter) accounts, highlighting the potential of this collaboration. Thrilled to partner with @CyberFinance__!Cyber Finance is your all-in-one DeFi hub, seamlessly accessible through Telegram. This partnership will enable B² Network to expand into the TON ecosystem, particularly in the BTCFi space, while providing @CyberFinance__ users with… https://t.co/plc19MXP2T — B² Network | BTC Layer2 (@BSquaredNetwork) October 8, 2024 B² Network Aims to Solve Bitcoin DeFi Scaling Challenges with New Partnership…
Marathon-incubated Anduro has developed a platform for issuing and investing in RWAs on Bitcoin. Like various use cases of blockchain technology, tokenization has been largely absent from Bitcoin. Marathon’s incubation of Anduro may speak to a trend whereby mining companies are seeking to find more and more sources of transaction fee revenue in response to the block reward halving every four years. Multichain layer-2 network Anduro, incubated by mining firm Marathon Digital Holdings (MARA), has developed a platform for issuing and investing in real-world assets (RWAs) on Bitcoin. The platform Avant, developed alongside tokenization specialist Vertalo, is planning a pilot…
Data from IntoTheBlock indicates that whale activity has significantly increased recently for Shiba Inu. The analytics company claims that SHIB has witnessed a sharp rise in the quantity of significant transactions on the network, indicating a rise in the presence of whales. There were 383 significant transactions on the blockchain in the last 24 hours alone, which is a seven-day high. Further evidence of the whales’ significant increase in activity came from the astounding 8.27 trillion SHIB tokens they moved. This increase is significant because whale activity frequently indicates significant market movements to come. Whales, or large investors, usually build…
Members of the XRP community petition the United States Securities and Exchange Commission (SEC), calling for an end to its ‘baseless’ appeal in the Ripple case. The petition launched on Change.org in an effort to stop the SEC from continuing its litigation against Ripple, especially the recently filed appeal. Petition Details Created by XRP Army, the petition expressed frustration over the four-year lawsuit between the SEC and Ripple. Data from the Change.org website shows the petition was created on October 3, 2024, a day after the SEC filed its appeal notice, indicating interest in challenging the Ripple ruling. Notably, the…
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…