Author: NBTC

Cardano’s latest upgrade, slated for September 1, will introduce significant changes to its network, particularly its on-chain governance mechanisms. The upgrade, named “Chang hard fork,” will allow users to participate directly in decision-making processes. The magic of deadlines is that people who aren’t taking upgrades seriously suddenly say damn we got to get moving. When they get moving, we converge quickly. It looks like Binance and a few others need more time to get their houses in order, so the rocket is going to wait on… — Charles Hoskinson (@IOHK_Charles) August 23, 2024 The Chang hard fork update reflects the…

As the financial world adjusts to the recent launch of spot Ethereum ETFs, investors are turning their attention to the next potential milestone in cryptocurrency products: spot Bitcoin ETF options. According to leading analysts, these options could come to market earlier than expected, with a 70% chance of being available before 2025. Bitcoin ETF options would allow investors to buy or sell Bitcoin at a predetermined price on a specific date, offering a simplified process similar to call options for stocks. This would eliminate the need for investors to navigate crypto-specific platforms like Bybit and expand access to the burgeoning…

On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion, ether’s market dynamics remain under pressure as it consolidates within a broader downtrend. Ethereum Ethereum’s recent price action, as analyzed across the 1-hour, 4-hour, and daily charts, indicates a persistent downtrend that began in late July. The daily chart reveals a steady decline followed by consolidation in the $2,500 to $2,600 range. Notably,…

Key highlights: The Blum team has not announced the official BLUM token launch date yet The team seems to be planning to launch the token eventually, at least based on their wording Beware of social posts and websites promoting the BLUM token airdrop Blum is a decentralized cryptocurrency exchange that is built as a Telegram mini app, allowing users to trade meme coins and other digital currencies within the Telegram messenger itself. As of writing, the app has millions of users who are collecting Blum Points (BPs) by completing various tasks and simply using the exchange. When the Telegram app…

During oral arguments this week related to an appeal of the US Treasury’s designation of Tornado Cash as a sanctioned entity, a US circuit judge revealed an embarrassing detail. On Tuesday, in a live proceeding of the appeal of that designation, Van Loon et al. v. U.S. Department of the Treasury et al., Judge Kurt Engelhardt asked lawyers why the US Treasury was only able to cite three examples of illicit use out of the millions of Tornado Cash transactions. As reported by Law360, these three examples are not just small in the context of Tornado Cash’s enormous volume. Worse,…

BitGo has secured approval as a custodian under the SIX Exchange Regulation Crypto-Asset Rule, further expanding its presence in the European crypto market. The company can now provide regulated custodial services in compliance with Swiss financial regulations, per a company statement on X. BitGo’s approval under SIX Exchange, Switzerland’s primary stock exchange, strengthens its role as a provider of secure, compliant storage solutions for digital assets like crypto. BitGo Europe’s custodial services will be supported by a $250 million insurance policy, providing additional protection for its clients. In early August, BitGo received a Major Payment Institution license from Singapore’s Monetary…

Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone. Russia Will Not Prioritize Supplying Energy for Bitcoin Mining Activities While many experts believe that Russia can become a Bitcoin mining powerhouse due to the passing of some crypto-related regulations, it seems that the country has other priorities in sight. Russian Minister of Energy Sergei Tsivilev highlighted that Russia’s power would…

Grayscale Research suggests that the downside risk to crypto prices may be more limited than in the past, making an all-time high (ATH) for Bitcoin (BTC) this year a possibility. Cryptocurrency markets are showing signs of recovery, with global market capitalization up by 5%, indicating a growing bullish sentiment. Bitcoin 2024 ATH A Possibility Grayscale attributes the recent market crash to July’s weaker-than-expected US employment data but believes Bitcoin could retest its ATH. This, however, depends on the US economy avoiding a recession and staying on course for a “soft landing.” Grayscale Research expects token valuations to rebound, citing reasons…

Fees on Ethereum (ETH) are dropping quickly, remaining under 1 gWei for days. Low fee levels like that have not been seen even during the most bearish times for ETH. Activity on Ethereum is low enough now, causing gas fees to stay under 1 gWei. The fees also retain those low levels and fall even further for slow or regular transactions. At one point, fees fell to as low as 0.57 gWei on average, though high-speed activities may have a higher cost. The current fee levels are seen as an anomaly after sliding constantly since March 2024. Fees are not…

Several digital assets have seen significant gains in the crypto market today. According to Phoenix, a leading crypto analytics outlet, $ATR is leading the pack with a remarkable surge of 50.8%. Such a significant increase is evidence of more investors’ engagement in the asset, and overall market sentiment on the asset. Despite BTC’s huge 6% descend, $ATR, $IDEX, $MBOX and some other coins have displayed good performance. DAILY GAINERS$ATR +50.8% $IDEX +32.3% $MBOX +14.3% $GMRX +12.9% $BLOCK +9.8% $VIC +9.8% $GFT +7.8% $BSW +7.1% $VIDT +6.0% $CHESS +5.0%#dailygainers pic.twitter.com/2meMM99YX8 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 28, 2024…