Author: NBTC
The Ethereum liquidity staking protocol Rocket Pool is on the brink of a massive transformation with the incoming Dencun upgrade. As one community advocate points out, this change is primarily due to the enhancements the Houston upgrade will tag. Eyes On Dencun Upgrade In a recent post on X, the advocate explained that the Dencun upgrade, scheduled to go live in mid-March 2024, will pave the way for the implementation of the Houston upgrade. The Houston upgrade, in turn, aims to improve Rocket Pool’s scalability and efficiency. The Dencun upgrade must first be successfully implemented so that the Houston enhancements…
Binance, a global cryptocurrency exchange, announced the listing of Axelar (AXL), enhancing its trading pairs offering and giving users access to new opportunities in the cryptocurrency market. Binance Introduces Seed-Tagged Axelar (AXL) Listing The listing, which is a significant milestone for the Axelar project and community, is scheduled to begin at 14:30 on March 1, 2024. With the addition of Axelar (AXL) to the platform, Binance users will gain access to a wide range of spot trading pairs, including AXL/BTC, AXL/USDT, AXL/FDUSD, and AXL/TRY. This expansion in trading pairs aims to meet users’ different trading preferences and provide greater flexibility…
Christopher Harborne and AML Global Ltd. have sued The Wall Street Journal for defamation, alleging false accusations of fraud, money laundering and financing terrorism in a March 2023 article. The article, largely about Tether and Bitfinex’s alleged efforts to retain ties to the banking system, was subsequently edited to remove paragraphs about Harborne and AML. While Harborne owns a minority stake in Bitfinex, he does not have a managerial role, the lawsuit said. The owner of a Thai-based aviation fuel broker has accused The Wall Street Journal of defamation for an article he says falsely accused him of abetting allegedly…
Wall Street analysts have predicted a significant rally for CAN, the cryptocurrency-related stock of Canaan, a China-based Bitcoin mining equipment manufacturer. The analysts have indicated a “Strong Buy” signal for CAN despite the stock’s narrow following on Wall Street. The analysts’ prediction follows Bitcoin’s momentum regain and climbing above $60,000, suggesting an accelerated crypto adoption. In addition to the increasing crypto adoption, recent partnership expansions by Canaan also led Wall Street analysts to predict an upside potential for the stock. Bitcoin surged past the significant $60,000 price level last week following a 5-day consecutive bullish run. TradingView data shows BTC…
Binance, one of the world’s leading cryptocurrency exchanges, has announced plans to facilitate the upcoming network upgrade and Hard Fork of the Fusionist (ACE) network, underlining its commitment to ensuring a smooth transition for users. Binance Fusionist (ACE) Announces Network Upgrade and Hard Fork Support Starting approximately 04-03-2024 04:00, Binance will temporarily suspend token deposits and withdrawals from the Fusionist (ACE) network to support the upgrade and Hard Fork of the network. This strategic move aims to optimize user experience and maintain operational efficiency during the transition period. The network upgrade and Hard Fork is scheduled to occur around 05:00…
A crypto industry-backed political action committee (PAC) has pooled funds to run an ad campaign to influence the California senate elections. According to a report by The Guardian, $10 million has been spent by a super PAC on advertisements opposing Katie Porter’s bid for the US Senate in California. Katie Porter Faces Opposition from Crypto Supporters The Guardian report highlights that Porter, a young progressive congressman, is facing significant challenges in her quest to advance to a November Senate runoff against Democratic front-runner Adam Schiff. To assist “leaders who champion the interests of progressive innovation and responsible regulation,” the Fairshake…
Alfa-bank, one of Russia’s biggest financial institutions, has created a “digital financial asset” (DFA) backed by gold, stocks, and cash. Per an Alfa-bank press release published on February 28, the bank said its new “tool” lets customers “invest in four asset classes at once” using bank-issued tokens. Alfa-bank Launches DFAs – More Russian Banks to Follow? The firm said it had teamed up with its Alfa Capital Management Company subsidiary to “create a DFA based on exchange-traded mutual funds.” The bank said that it would launch its offering, named the Evergreen Portfolio, on its A-Token platform. Alfa-bank launched A-Token in…
One of the top three cryptocurrency exchanges in the world by volume, Bybit, has released the Fiat Cashback Splash for March for both new and seasoned customers who make fiat deposits.Every month during the first week, any of Bybit’s 20 million users that contribute fiat will get rewards. New users will get up to $10 in fee reimbursement when they deposit $100 using fiat or a one-click purchase. Those who have previously deposited $500 or more via Bybit will get a $5 refund. Bybit expands the potential for investment by adding a $30 Buy Crypto Coupon to the mix for…
U.S. Securities and Exchange Commissioner Hester Peirce used her opportunity on stage at ETH Denver to sustain her criticisms of her own agency, expressing frustration over “regulating by enforcement” and lambasting the SEC for dragging its heels on approving spot Bitcoin ETFs. “The Grayscale case basically gave us the option of approving a Bitcoin exchange-traded product, and it’s remarkable to me that it took a court to tell us that we had to do that,” Peirce said during a “fireside” conversation with CNBC’s MacKenzie Sigalos. “I started in 2018. That summer, we had our first Bitcoin exchange-traded product come before…
When Bitcoin’s price quickly crashed after setting a new all-time high price on Tuesday, many cryptocurrencies followed suit—including most of the prominent gaming tokens. But with Bitcoin rising back to $68,000 and Ethereum edging closer to $4,000, gaming coins are hot again. Tokens tied to crypto games and gaming networks are broadly in the green today, according to data from CoinGecko, led by Immutable (IMX)—the top gaming token by market cap. The Ethereum scaling platform, which spans the Immutable X and Immutable zkEVM networks, has seen its IMX token rise 9% over the past day to a current price of…