Author: NBTC
Binance has announced support for upcoming network upgrades and Hard Forks of Sei (SEI) and Kadena (KDA) to ensure the best user experience. Binance Announces Support for Sei (SEI) and Kadena (KDA) Network Upgrades and Hard Forks Sei (SEI) Network Upgrade Details Upgrade Time: The Sei (SEI) network upgrade is scheduled to occur at approximately 27-05-2024 18:00, at block height 79,123,881. Suspension Time: Binance will suspend token deposits and withdrawals on the Sei (SEI) network starting approximately 27-05-2024 17:00. Kadena (KDA) Network Upgrade Details Kadena (KDA) network upgrade and Hard fork will occur at approximately 03:00 on 30-05-2024, at block…
The Web3 ecosystem is swiftly evolving into a cross-chain bridges landscape, characterized by a proliferation of decentralized applications spanning hundreds of distinct blockchains and layer-2 solutions. Each of these platforms operates with its unique approach to addressing matters of security and trust. This trend is expected to persist, driven by the persistent challenge of blockchain scalability, further amplified by the introduction of new blockchains, layer-2 and layer-3 solutions, and self-contained networks like application-specific blockchains. These tailored networks cater to the specific technical and economic prerequisites of individual or smaller clusters of decentralized applications. However, an inherent limitation persists: blockchains inherently…
In 2024, Bitcoin exchange-traded funds (ETFs) have drawn considerable attention, primarily fueled by the retail sector, while major banks and traditional financial institutions remain on the sidelines. During an interview at Paris Blockchain Week, VanEck CEO Jan van Eck shared insights with Cointelegraph about the dynamics shaping the Bitcoin ETF market in the United States. Jan van Eck expressed his surprise at the rapid success and high volume of capital flowing into these ETFs, which have seen days with inflows in the billions of dollars. “I was surprised, but I don’t think it’s traditional investors yet. “I still think 90%…
Less than 0.5% of Runes tokens were successful, highlights analyst Since the Runes launch, less than 0.5% of the meme coins created using this protocol were “successful.” Guiriba, a crypto analyst at Brazilian research firm Paradigma Education, shared on X that only 77 meme coins in the over 20,000 tokens launched have over 500 holders. Guiriba describes that the two most common ways to acquire Runes meme coins are through airdrops given to holders of non-fungible tokens (NFTs), or minting them on a “fair launch” model, open to anyone interested. “In the second category, traders can find meme tickers at…
New York Attorney General Letitia James has warned the cryptocurrency industry that she will go after those companies that refuse to play by the same rules as everyone else. Earlier this week, James announced a $2 billion settlement with embattled cryptocurrency lender Genesis. She decried the lack of oversight that had led to massive losses for victims. Gemini, Genesis and the Digital Currency Group were sued by the NYAG back in October 2023 over the controversial Gemini Earn cryptocurrency investment program. The fraud loss claim against Barry Silvert’s crypto giant was then tripled in February in an amended complaint. As…
OKX, a prominent figure in the realm of Web3 technology, has recently made a significant stride by integrating the NEAR protocol into its versatile OKX Wallet, as part of their latest updates announced on May 27, 2024. This development is set to reshape user interactions within its platform by providing expanded access to a vast array of decentralized applications. Expanding Horizons with NEAR Protocol Integration The integration of the NEAR protocol into OKX Wallet marks a notable enhancement in its utility, allowing users to seamlessly view and transfer NEAR tokens. This strategic move enriches the user experience by connecting them…
TaskOn, a famous Web3 platform accomplishing diverse projects with decentralization, has announced a new collaboration. As per the firm, it has joined forces with Hashstack, a permissionless zk-local money market forum. The platform took to its official X account to provide the details about this partnership. 🥳 We are thrilled to announce our partnership with @0xHashstack, leveraged yield farming on #Starknet.🚀 Built on Starknet, Hashstack leverages the capability of zero-knowledge proofs to provide a cost & capital-efficient lending solution. Explore more on Hashstack Community!… pic.twitter.com/3mh9qaNsU5 — TaskOn | A Web3 Task Collaboration Platform (@taskonxyz) May 27, 2024 TaskOn and Hashstack…
Bitcoin price started a major decline amid the Israel-Iran tensions. BTC declined toward $60,500 and is currently attempting a recovery wave. Bitcoin is attempting a recovery wave from the $60,500 support zone. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance at $65,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $66,000 resistance zone. Bitcoin Price Recovery Faces Hurdles Bitcoin price started a major decline below the $70,000 level. BTC gained bearish momentum…
Solana is now powering DePin infrastructures amid a decline in memecoin hype. Helium, Hivemapper, and io.net are some of the top projects on Solana at the moment. Some projects built on the Decentralized Physical Infrastructure Network (DePin) are currently gaining relevance on the Solana (SOL) blockchain amid dwindling interest in the meme coin ecosystem. At the forefront of this movement are ventures like Helium and Hivemapper, both leveraging the Solana blockchain to foster community-driven infrastructural initiatives. Helium Runs on Solana Helium is a decentralized wireless network representing a prime example of how DePin projects are transforming traditional industries. Helium launched…
Investment bank TD Cowen’s research group noted that the latest approval of Ethereum ETFs is an expected development following the approval of Bitcoin ETFs earlier this year. The approval, which came nearly six months earlier than expected, was seen as inevitable after the SEC approved Ethereum Futures ETFs. “After the SEC approved crypto futures ETFs, this decision was inevitable,” Jaret Seiberg, a member of TD Cowen’s Washington Research Group, said in a note Thursday. He also predicted that the next product could be a “basket of crypto tokens” within a year, possibly consisting of just Bitcoin and Ethereum, but potentially…