Author: NBTC

Popular smart contract network Cardano (ADA) has launched node 10.1 in a critical release ahead of the upcoming Chang 2 hard fork, which will bring significant upgrades to the network’s governance system, including completing the transition to on-chain governance. The price of Cardano has notably surged by more than 8% over the last 24-hour period to now stand at $0.358, amid a wider cryptocurrency market rise fueled by Republic candidate Donald Trump winning the US presidency for a second time. ADAUSD Chart via CryptoCompare The hard fork builds upon the foundation laid out by the Chang 1 hard fork back…

The leading cryptocurrency exchange in South Korea, Upbit, is currently under investigation for serious breaches in customer identification protocols. Reports from blockchain journalist Wu Blockchain indicate that the Financial Intelligence Unit (FIU) has uncovered over 500,000 improper identification submissions during its inquiry, raising alarms over possible money laundering and other illicit activities. Contents hide 1 What Issues Did the Investigators Find? 2 How Could This Impact Upbit’s Future? What Issues Did the Investigators Find? The FIU initiated its review in August as part of Upbit’s license renewal process. Findings revealed that the exchange had inadequately executed its KYC processes. Users…

Buoyed by the prospect of a friendlier regulatory environment, altcoins were the biggest advancers after crypto-friendly GOP candidate Donald Trump Tuesday evening won another term in the White House. The largest gainer by a wide margin was Uniswap’s (UNI), which was higher by 28% over the past 24 hours. Open interest (OI) for the token has soared by 20% in over the past day, according to Coinglass data and over 18 million UNI tokens ($169 million) are now in OI contracts, the highest amount since April 2024. OI in the past 24 hours alone has seen an increase of over…

Donald Trump and his transition team have started exploring pro-crypto candidates for key financial regulatory roles who favor a less restrictive stance on digital assets. Candidates under consideration include Hester Peirce, Mark Uyeda, and Paul Atkins as possible replacements for SEC Chairman Gary Gensler. The SEC Will Look Different Under the New Trump Administration According to The Washington Post, Trump’s team is reviewing a mix of current regulators, former officials, and financial industry leaders, many of whom have voiced strong support for cryptocurrency. These appointments hold significant influence. The next chair of the SEC and other regulatory agencies will shape…

Cayman Islands-based crypto exchange BitMart launches a two-day giveaway event for Shiba Inu, allowing its users to win a share of 121,914,968 SHIB tokens. The exchange announced the development yesterday, calling its users to participate in the promotional event that could see them win a share of the prize pool containing 121,914,968 (121.91 million) SHIB. Notably, the prize was valued at $3,000 USDT at the time of the announcement. According to the announcement, the event will run for two days, from November 15 at 00:00 (UTC) to 23:59 (UTC) on November 17, 2024. How to Participate Participating in the giveaway…

Ark is the third major Layer 2 protocol with some form of unilateral exit or enforcement mechanism on the base layer to approach the point of launching on Bitcoin. Lightning came first when C-Lightning went live in the Reckless campaign in 2018, Statechains in 2021 when Mercury Wallet went live, and now Ark Lab’s coming Arkade wallet implementation of clArk (covenantless Ark) is approaching the same goal line. clArk has some shortcomings compared to a full Ark implementation, namely the requirement in a trustless version for every user inside of an individual Ark to collaboratively sign the exit transactions in…

In a noteworthy development for the crypto community, a newly developed wallet has spent nearly 15,132 Solana ($SOL) coins to acquire meme tokens. As per Lookonchain, the newly developed wallet’s acquisition of $Pnut and $FRED with approximately $2.8M within the recent 2 hours has raised speculations. The analytics provider disclosed this event on its official social media account on X. Crazy buying!Someone created a new wallet and spent 15,132 $SOL($2.8M) to buy $Pnut and $FRED in the past 2 hours.Spent 11,582 $SOL($2.14M) to buy 17.35M $Pnut at $0.12.Spent 3,550 $SOL($657K) to buy 68.97M $FRED at $0.0095.https://t.co/z50Vprrnay pic.twitter.com/VLRvroFxHh — Lookonchain (@lookonchain)…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. You may be experiencing some déjà vu. But for the Fed, 2024 is very different from 2016. While our president-elect and his ambitious economic plans (tax cuts, tariffs, stricter immigration policies) are the same today as they were eight years ago, the economy is in a vastly different place. Last week’s election results may have come too late for committee members to consider them in their interest rate decision, but there is still one more meeting before the end of the year. Back in December 2016…

Bitcoin, the leading cryptocurrency, has surged above the $69,000 level, reaching an intraday high of $69,222 on the Bitstamp exchange, according to CoinGecko data. This comes after the bullish golden cross pattern recently formed on its daily chart. The cryptocurrency has hit its highest level since Oct. 21, the day it hit a multi-month high of $67,487. The shares of major cryptocurrency-related companies have also soared higher in tandem with the leading cryptocurrency. Coinbase (COIN) is up by more than 3%. The shares of the top mining companies, such as Riot Platforms (RIOT), are also in the green. According to…

In a noteworthy development for the PEPE token market, several whales have made substantial purchases and withdrawals of PEPE tokens from significant exchanges like Binance and Gate.io over the past two hours. The most considerable withdrawal was executed by a whale associated with wallet address “0x51Cc,” who moved a staggering 535.81 billion PEPE tokens worth approximately $5.07 million from Binance. This substantial acquisition underscores a trend of whale accumulation in PEPE, suggesting renewed interest in the meme-inspired cryptocurrency. A whale just bought over $5M worth of $PEPE!Over the last 2 hours, smart whale “0x51c” deposited 5.5M $USDT to #Binance and…