Author: NBTC
Well-known Shiba Inu community figure Del Crxpto has voiced confidence that SHIB will not be the sole ecosystem token to trade on Binance, the largest crypto exchange. Del Crxpto conveyed this sentiment in a recent post on X amid mounting calls for Binance to endorse other Shiba Inu ecosystem tokens. $SHIB will not be the only digital asset in its ecosystem to be on @binance forever. #ThinkMacro — Del Crxpto (@DelCrxpto) May 27, 2024 Shiba Inu Ecosystem Tokens Not Trading on Binance Significantly, the Shiba Inu ecosystem team has launched the tokens Doge Killer (LEASH) and BONE after SHIB, with…
The world fastest-growing fiat-crypto payment gateway, Alchemy Pay announced a new partnership with Kontos to provide zk-powered omnichain infrastructure. This partnership intends to back the chain of Kontos and bring Alchemy Pays On & Off Ramp Solution onto its platform. Excited to partner with @Kontosio, the first user-focused omnichain infrastructure powered by zk!#AlchemyPay has extended support to the Kontos chain and introduce its On & Off- Ramp Solution, enabling global users to easily purchase KUSDT with fiat payments via the #Kontos… pic.twitter.com/T50WvvhFXp — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) May 27, 2024 Alchemy Pay and Kontos Simplify KUSDT Purchases with…
In a significant move towards enhancing accessibility and liquidity for its users, JitoSOL has announced its expansion to become a native ERC20 token on the Arbitrum network. Leveraging the Native Token Transfers (NTT) technology provided by Wormhole, this integration marks a pivotal moment for the JitoSOL ecosystem. Exciting news! 💥$JitoSOL is now available as a native ERC20 on @Arbitrum by leveraging @Wormhole’s Native Token Transfers (NTT).Learn more.👇 https://t.co/bwh98uzMIm — Jito (@jito_sol) April 29, 2024 Wormhole Integration to Boost Liquidity and Multichain Accessibility for JitoSOL Tokens Wormhole, known for its prominent position as a leading interoperability platform, announced via Twitter that…
A regulation determining the legal framework of cryptocurrencies is coming to the agenda of the Parliamentary Planning and Budget Commission this week. With the changes to be made in the Capital Markets Law, the legal definition of crypto assets will be made. With this regulation, the establishment and activities of crypto asset service providers will need to obtain permission from the Capital Markets Board. Authority for the issuance, sale and distribution of crypto assets will be given to the Capital Markets Board. Making a statement last week, AK Party Group Chairman Abdullah Güler shared the details of the bill. According…
Key Points: Binance sold Gopax’s Genesis asset rights at a steep discount to compensate investors, causing significant losses for Gopax. Genesis’ bankruptcy compensation plan was approved, with creditors to receive 77% of their bond amount. Regulators are investigating Binance’s acquisition of Gopax due to legal and money laundering concerns. According to local news, Binance, the largest shareholder of Gopax, has come under scrutiny for selling Gopax’s Genesis asset rights for less than half their face value. Binance’s Discounted Gopax’s Genesis Asset Rights Initially, Binance pledged to fully compensate investors for their losses, estimated at around KRW 70 billion, following the…
Ethereum’s scaling issue is not a new topic of discussion in the crypto realm; this pioneering smart contract blockchain is notorious for high gas fees due to its limited throughput during periods of high activity. One of the main reasons behind the limited scalability is the sequential nature of Ethereum’s runtime environment, the Ethereum Virtual Machine (EVM). To provide some more context, the EVM is designed to operate as a Turing-complete virtual machine, enabling the secure execution of smart contracts on the Ethereum blockchain. While this runtime environment has been efficient and reliable, it processes transactions sequentially. This means that…
Over the weekend, geopolitical tensions escalated dramatically following an unprecedented conflict between Iran and Israel. The events unfolding on Saturday evening momentarily shook global markets, including the crypto sector. However, there has been a noticeable recovery within the crypto market at the time of reporting. The swift rebound in crypto values demonstrates the market’s robustness and ability to withstand unexpected global events. Bitcoin Still Has Strong Support at $60,000 Level Fears of escalating tensions triggered a sharp downturn for Bitcoin (BTC), the cryptocurrency with the biggest market capitalization, which dipped as low as $60,800 during the conflict. Moreover, BeInCrypto previously…
May 2024 is shaping up to be a significant month for crypto token unlocks, with over $2 billion worth of native tokens scheduled for release across eight major projects. Token unlocks can impact these cryptocurrencies’ price and market dynamics, and investors are closely monitoring the developments. Here’s a detailed list of the major token unlocks and their potential implications. May 1st: dYdX ($DYDX) The decentralized exchange dYdX will unlock 10% of its circulating supply, valued at approximately $71 million. This release represents a significant portion of DYDX tokens entering the market, potentially influencing its price and liquidity. May 3rd: Memeland…
The Russian Central Bank says it has noticed a significant rise in citizens’ transactions on crypto exchanges and peer-to-peer crypto trading platforms. Per the Russian media outlet RBC, the bank has published a financial stability report, making several observations on Russian citizens’ crypto transactions. The bank wrote about trends it had noticed from the fourth quarter of the Financial Year 2023 to the first quarter of FY2024. The regulator wrote that the “total web traffic of Russian users on the websites of the largest cryptocurrency platforms” increased by 16.4% “compared to the second and third quarters of 2023.” Russian Central…
A decade has passed since the infamous hack of major exchange Mt. Gox. The exchange’s subsequent collapse lost 7% of all bitcoin at the time — the equivalent of approximately 45 billion dollars today. It was one of the first events to threaten the very existence of the crypto ecosystem, but certainly not the last. The industry hasn’t learnt from this catastrophe — rather quite the opposite. We’ve seen plenty more similar incidents in recent years. In 2023 alone, the industry suffered losses exceeding $1.8 billion due to hacks. Large platforms like Binance have given in to pressure from institutional…