Author: NBTC
Shiba Inu (SHIB) has witnessed a dramatic surge in exchange outflows. It is a crucial update that comes at a time of uncertainty on the broader crypto market. The recent crypto crash caused significant trouble for holders, as there were major losses. CoinMarketCap reports that the global crypto market cap has fallen 3.26% over the last day to $2.11 trillion. The highly popular meme coin Shiba Inu also crumbled during this time. Its price fell from $0.00001459 to a low of $0.00001358 in a few hours. Notably, the meme coin touched the $0.00001358 level two times over the last 24…
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial Intelligence Unit (FIU-India) is reportedly reviewing requests from four offshore cryptocurrency exchanges to resume operations by March 2025, following the earlier lifting of bans on Binance and Kucoin. A source familiar with the review process told local news outlets: We have received requests from four…
The City of Santa Monica’s Bitcoin Office has announced a one-day Bitcoin open-source festival scheduled for October 18th, with the date subject to change. The event, held in partnership with the Proof of Workforce Foundation, aims to provide education on various aspects of Bitcoin, including mining, investment, and the broader implications of Bitcoin in the economy. 🎡 We are excited to learn about #Bitcoin Peer-to-Peer …⚡️⚡️⚡️Please Join Us! Follow @SMBitcoinOffice for official updates and more information soon…Dates subject to change pic.twitter.com/hcgCgQUOaf — Santa Monica Bitcoin Office (@SMBitcoinOffice) August 9, 2024 The Santa Monica Bitcoin Office, which was launched last month…
Flamingo has begun the disbursement process for the Lyrebird LRB Fund, established after Flamingo absorbed Lyrebird Finance in June 2022. This decision was part of a strategic move to mitigate risks associated with algorithmic stablecoins. As part of the transition, the Lyrebird team joined Flamingo to work on a DAI-like, collateral-backed stablecoin called FUSD. Meanwhile, the LRB Fund was introduced as a speculative option for Lyrebird backers to potentially recoup their losses. LRB token holders were offered two choices: trade their tokens on the open market or hold them within the fund. The fund consists of a diversified basket of…
Upbit, a leading global digital asset exchange, is listing Big Time (BIGTIME). Upbit Lists Big Time (BIGTIME) on KRW Market To celebrate the launch, Upbit has launched a promotion where withdrawal fees for BIGTIME will not be charged for the first 24 hours after listing. After this period, standard withdrawal fees will apply. Users are advised to confirm applicable fees before making a transaction. Upbit has initially introduced several trading restrictions for BIGTIME. During the first five minutes after trading begins, buy orders will be restricted and sell orders at prices lower than 10% of the previous day’s closing price…
Bitcoin trades above $60K, with a market cap of $1.18 trillion and signs of potential bullish reversal. Key RSI and MACD indicators suggest Bitcoin may stabilize, with slight bullish momentum on the horizon. Analyst highlights $64.7K as the next target, with Bitcoin recovering from recent lows above crucial Fibonacci levels. Bitcoin is showing signs of stabilization, with a possible uptrend on the horizon. At press time, Bitcoin was trading at $60,081.23, Bitcoin has experienced a minor increase of 1.46% in the past 24 hours. Crypto analysts are closely watching key levels as Bitcoin’s market cap hovers around $1.18 trillion, marking…
The crypto market thrives on volatility, and the Daddy Tate (DADDY) meme coin’s recent downturn has drawn community attention. This instability has been compounded by high-profile promoter Andrew Tate, who is facing serious legal troubles. Due to the legal challenges, there are uncertainties surrounding the future of the DADDY meme coin. DADDY Meme Coin Declines 34% From Its Local Peak Over the weekend, Andrew Tate promised to purchase $1 million worth of DADDY meme coins upon reaching 10 million followers on X (Twitter). However, he has yet to fulfill this promise. When Tate’s follower count exceeded 10 million, expectations surged.…
Following Binance and KuCoin, two more offshore cryptocurrency exchanges could receive the green light from India’s financial watchdog by March 2025. Sources familiar with the matter told a local media outlet that India’s Financial Intelligence Unit is reviewing registration requests from four off-shore exchanges. While the names of the platforms were not disclosed, the source said two of these entities could be allowed to begin operations by the end of the Financial Year 2025. Last year, the FIU sent show cause notices to nine foreign cryptocurrency exchanges, namely Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. According…
The United States Securities and Exchange Commission (SEC) has delayed its approval decision regarding the Hashdex Nasdaq Crypto Index US ETF, a proposed exchange-traded fund (ETF) that aims to hold both Bitcoin and Ethereum. The SEC on Friday released a filing stating it would extend the initial 45-day review period for the Hashdex ETF proposal. The Commission has set a new deadline of September 30 to either approve, disapprove, or initiate proceedings to determine whether to disapprove the proposed rule change. Nasdaq submitted a proposal to the SEC for the planned ETF on June 17, asking for permission to list…
After months of delay, Bitcoin layer-2 network Stacks is finally activating its anticipated Nakamoto upgrade—a change expected to boost transaction speeds by orders of magnitude. The upgrade, which began its activation sequence on Wednesday, will decouple the Stacks network’s block production from Bitcoin itself. This will boost block production by 120 times, speeding up confirmation times from Bitcoin’s 10-minute average to mere seconds. Stacks operators have the entirety of Stacking cycle 92 to implement the upgrade, after which core developers will select the final hard fork block and the full implementation of Nakamoto consensus rules will be in effect. One…