Author: NBTC

Binance to support aelf network upgrade, temporarily halting deposits and withdrawals on Jan. 15, 2025. In anticipation of a network update, Binance has announced that it will temporarily suspend token deposits and withdrawals on the aelf (ELF) network on Jan. 15, 2025, at 17:00 (UTC+8). The purpose of this planned update is to enhance the overall user experience on the ELF blockchain. The upgrade is scheduled to occur at block height 252,256,057, and the process is expected to commence at approximately 18:00 UTC+8 on the same day. Block height refers to the position of a specific block within the blockchain,…

Publicly-listed Rumble Inc, a video-sharing and cloud services provider, announced Monday its board has approved a strategy to allocate up to $20 million of its cash reserves into Bitcoin. Its move aligns with a growing trend of corporate Bitcoin adoption championed by firms like MicroStrategy and Metaplanet Holdings. The Nasdaq-listed company’s said its diversification strategy underscores its belief in Bitcoin as a hedge against inflation and a tool for long-term value preservation. “We believe that the world is still in the early stages of the adoption of Bitcoin,” Rumble’s Pavlovski who is also chairman and CEO, said in the statement.…

The Solana Virtual Machine’s upcoming project, COMMing SOON NFTs, has quickly gained traction, raising $200 million in subscription pledges within 16 hours of its announcement. The minting process, set to begin at 12:00 PM UTC on January 14, has already been oversubscribed by 8 times. COMMing SOON NFTs TWO HUNDRED MILLION DOLLARS 🔴 $200,000,000 has been committed to the COMMing SOON NFT Mint within the first 16 hours of launch. This makes the mint around 8x oversubscribed. LFSOON pic.twitter.com/loKNxwVwFz — SOON – Solana Optimistic Network (Alpha Mainnet) (@soon_svm) January 7, 2025 However, the surge in COMMing’s growing popularity caused rate-limiting…

Amid a cryptocurrency bull run, Ripple (XRP) has surged in price to $2.67 at press time and briefly enjoyed a market cap greater than 88% of the stocks in the S&P 500 today. In the past seven days, XRP’s market cap has more than doubled in size from $75.3 billion on November 26 to $158.5 billion today, overtaking Solana and Tether by market cap. According to Stock Analysis, thisranked XRP 61st out of 503 stocks in the S&P 500 — outperforming a whopping 88% of them. XRP’s market cap was just above the world’s largest asset manager, BlackRock ($BLK at…

The beginning of Do Kwon’s discovery process is the latest step in the complicated and drawn-out legal journey that has been ongoing since the $40 billion collapse of Terra/Luna in 2022. Kwon was finally extradited from Montenegro to the US on December 31 and he kicked off the US leg of his ongoing legal saga by pleading not guilty to nine federal fraud charges, including money laundering conspiracy and securities fraud. There is also an “initial conference” with Judge John P. Cronan scheduled for January 8 during which the prosecution and defense will gather evidence and discuss whether or not…

Last year’s wave of Telegram tap-to-earn gaming hype may have died down, but one new title has scrapped the tapping part and is bringing in a ton of users as a result—even if it arguably feels like even less of a game than others. Zoo is the new hit on the messaging platform, bringing a FarmVille-style vibe to the world of Telegram games with a promise of payouts in tokens to players. You build up your zoo, filling it with more and more animals, which all results in earning more in-game currency—and yes, that will supposedly translate to on-chain tokens…

Authorities in Kazakhstan have blocked more than 3,500 cryptocurrency exchanges operating illegally, according to an announcement by the Kazakh regulator, AFM RK. The crackdown resulted from joint efforts by the National Security Committee and the Ministry of Culture and Information. In 2023, Kazakh authorities blocked access to Coinbase, citing alleged violations of the country’s digital asset laws. Liquidation of Illegal Crypto Platforms In 2024, the regulator liquidated 36 illegal crypto exchanges with a combined turnover of 60 billion Kazakhstani tenge (over US$113 million). Additionally, it froze and confiscated assets worth 4.8 million USDT, a popular stablecoin, from these platforms. Authorities…

A prominent crypto influencer has criticized Bitcoin (BTC) for being an antithesis of its founder’s vision. Justin Bons, a vocal BTC critic and the founder and CIO of Cyber Capital, took to X to slam the premier crypto for failing to uphold Satoshi Nakomoto’s dream of being a P2P digital cash and gold. He wrote: BTC is no longer ‘freedom money’; it is no longer intended & cannot be used by the masses directly. Instead, it is a purely speculative plaything for the rich with ZERO utility or actual value to human civilization… ~Justin Bons Bons argued that BTC is…

Amid the political turmoil and resignation of Justin Trudeau, some exciting news for crypto lovers is coming out from Canada’s changing political scenario. After Justin Trudeau announced his departure from the Prime Minister role and leader of the Liberal Party, there is a buzz on the prediction market that Pierre Poilievre could become the next Prime Minister of Canada. Popular prediction platform, Polymarket suggests an 87% chance of Pierre Poilievre becoming the Prime Minister of Canada. Pierre Poilievre has been a vocal supporter of cryptocurrency and decentralization. Pierre Poilievre dismissed the impact of Justin Trudeau’s resignation announcement in a post…

The global digital assets market saw many ups, and slightly fewer lows in 2024. The $234 million WazirX hack was one of the major highlights of the last year which shocked the Indian crypto community. In the latest developments, an India-grown crypto exchange seems to be lending a helping hand to the affected users. CoinSwitch unveiled a Rs 600 crore (approx. $70 million) recovery program for WazirX users. The exchange aims to help users recover losses and acquire customers from the embattled exchange. This comes in when the hacked exchange is planning new business initiatives alongside distributing funds to Creditors.…