Author: NBTC
The BNB Foundation officially announced the successful completion of the 27th quarterly BNB token burn by BNB Chain, marking another milestone in the ongoing efforts to reduce the circulating supply of the token. BNB Foundation Completes 27th Quarterly Token Burn Here are the important details from the final cremation: Automatic Burn (Total BNB burned): 1,944,452.51 BNB Approximate value in US dollars at the time of burning: US$1.17 billion Transaction ID (TXID) for BNB burning: (Link not provided for privacy and security reasons) BNB is the native cryptocurrency of the BNB Chain ecosystem and powers various functions on platforms such as…
Promising to revolutionize the experience of a user in the crypto world, TrendX and KOI have entered into a strategic partnership. It is quite interesting and promising to combine two active platforms with different offerings and strengths. We are thrilled to announce our partnership with@Koi_BTC🚀🚀Koi is supported by Binance Lab 🚀 With this collaboration, they’re guaranteeing their users credibility, security, and access to top-tier resources#Koi #Web3 #AI #TrendX pic.twitter.com/aKSQYHsJPX — TrendX (@TrendX_official) June 2, 2024 TrendX and KOI to Revolutionize Crypto Gaming with Strategic Alliance In particular, KOI, the Kingdom of Inscription, is an AI-driven gaming platform that uses Bitcoin…
Cryptocurrency naysayer Peter Schiff recently predicted that the issuers of Bitcoin exchange-traded funds (ETFs) would be sued by their disgruntled customers. Schiff is convinced that these customers will be searching for ways to recover their money after facing huge losses. Moreover, the gold bug believes that risk disclosures will not necessarily shield these issuers from legal troubles due to contradictory public comments as well as private comments made by text. As reported by U.Today, Schiff previously labeled Bitcoin ETFs as “speculative casinos,” predicting that their success would not last. card However, so far, these products have been extraordinarily successful. Earlier…
One analyst predicts that Ethereum will continue to gain value compared to Bitcoin in the near term. This prediction comes from Arbelos Markets co-founder Joshua Lim, who attributes this trend to the prospect of spot ETF trading attracting increased investor interest. According to Lim, the ETH/BTC rate, currently at 0.056, is likely to continue its upward trend and reach 0.06. This forecast follows a steady climb from a multi-month low of 0.045 in mid-May. This increase in ETH’s value coincides with the surprise approval of eight spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) last week. Unlike…
A significant transfer of three trillion Shiba Inu tokens (SHIB) has recently emerged on the crypto market, prompting scrutiny and speculation regarding its implications. The transaction, valued at approximately $79.497 million, was revealed through a report from Whale Alert, a platform specializing in tracking large-scale cryptocurrency movements. According to the report, the transfer occurred between undisclosed wallets, shrouding the identities of the parties involved in secrecy. However, amid the enigma, one entity has emerged from the shadows – Robinhood, the renowned American brokerage giant. Etherscan data revealed that one of the recipient addresses belonged to Robinhood, hinting at the company’s…
Experts at the University of Birmingham (UOB) in the United Kingdom have developed a transport ticketing solution using blockchain and ontology. Proving yet again that blockchain technology has utility beyond payments, the UOB team developed the System for Ticketing Ubiquity within Blockchains (STUB) solution. STUB utilizes both blockchain and ontology, a way of modeling and managing complex information systems to create robust, transparent, and interconnected data structures. While the blockchain is used for selling and validating tokenized tickets, ontology allows providers to capture and share information about the transport network. This, in turn, will enable them to offer data about…
A widely followed crypto analyst is warning that the digital asset market could decline this quarter if the Fed starts cutting rates. In a new video update, crypto strategist Benjamin Cowen tells his 797,000 YouTube subscribers that if altcoins start breaking down against Bitcoin (BTC), it could indicate the start of a market correction due to recessionary pressures. “Will Bitcoin rally beyond April? Will it rally beyond the halving [event in April]? I think the answer to that question is going to be dependent on if alt/Bitcoin pairs break down. If alt/Bitcoin pairs break down in April, then I think…
Ethereum is approaching $4,000 amidst speculation of reaching $4,500 before ETF trading begins. Strong buying interest supports Ethereum’s bullish run, with significant support levels identified. Ethereum’s recent breakout from consolidation indicates potential for further upward movement, targeting higher resistance levels. Ethereum’s (ETH) recent price action has noted a definitive breakout from a period of consolidation, setting its sights on higher resistance levels. Currently, ETH is on the verge of a potential rally toward a new yearly peak as its price inches closer to $4,000. Analysts have previously speculated that Ethereum could reach $4,500 ahead of the commencement of ETF trading.…
According to the announcement made by Alchemy Pay, Floki Inu, the public cryptocurrency and utility token of the Floki Ecosystem, has partnered with Alchemy Pay to integrate the On-Ramp Service into its website for the fiat-based purchase of FLOKI. “Floki, the public cryptocurrency and utility token of the Floki Ecosystem, has seamlessly integrated Alchemy Pay’s Ramp Service into its website. With the inclusion of Alchemy Pay, Floki’s global community can easily purchase its utility token, FLOKI, using fiat currencies in 173 regions and countries. This partnership with Alchemy Pay marks an important step towards a more accessible and user-friendly onboarding…
Many people believe blockchain can transform industries ranging from finance to supply chains to healthcare and more. Yet despite being around for more than a decade, challenges continue to hinder blockchain’s adoption, with one of the most pressing ones being the problem of how to scale to support millions of transactions. Looking to overcome this challenge once and for all, ZK-Rollups, or Zero-Knowledge Rollups, are an extremely promising concept that aims to dramatically increase the throughput of blockchains. ZK-Rollups are Layer-2 scaling solutions that take advantage of Zero-Knowledge Proofs to enable benefits that go beyond simply increasing throughput, giving users…