Author: NBTC
KuCoin ‘disqualified’ and delisted Acala Network’s token, aUSD. Acala Network witnessed a misconfiguration which led to error minting of aUSD in 2022. Crypto exchange Kucoin delisted the dormant stablecoin of Acala Network — aUSD — and has initiated the launch of an “acquirement plan” to compensate token holders’ loss. Previously, in August 2022, the Acala incident — an erroneous minting of 3 billion aUSD tokens in its liquidity pool — occurred. Following it, KuCoin ceased deposits and withdrawals of aUSD. Then, it isolated the asset into the ‘Special treatment’ category and initiated an investigation into the error mints. Furthermore, in…
Enjin Blockchain has lived up to its pledge to positively impact Web3 by delivering its landmark feature, Quick Wallet. The Quick Wallets allow users to obtain a deserving Enjin beam without installing the Enjin wallet. It comes at no cost whatsoever. Inside the Enjin ecosystem, Quick Wallet increases the user base connecting with Web3 in the form of never having utilized Enjin wallets or ventured within the conventional Web2 space. Millions of people could join the Enjin Ecosystem thanks to this significant feature. Quick Wallet significantly lowers the barriers to NFT claims, facilitating newcomers’ admission into the ecosystem and increasing…
On April 19, or whenever a bitcoin miner mines block number 840,000, the amount of bitcoin (BTC) entering into circulation will halve from about 900 a day to 450. This event, colloquially known as the halving (sometimes halvening), looms large in the Bitcoin mindshare, one of those things that makes Bitcoin Bitcoin. Perhaps because it only comes around on Leap Years (so far), bitcoiners tend to look forward to the halving more than most crypto holidays like Bitcoin Pizza Day or the anniversary of Satoshi Nakamoto publishing the white paper. But it won’t be around forever. This roundup is part…
Ethereum co-founder’s transfer draw attention amidst price surges. The SEC’s statement on spot ETH ETF approval is scheduled for today. Jeffery Wilcke, co-founder of Ethereum, deposited 10K Ether (ETH) into the Kraken Exchange during the Asian morning hours on Thursday. Wilcke has made multiple deposits of ETH since the beginning of 2024, drawing significant attention from the crypto community. The SEC deadline for the decisive update on spot Ethereum ETF approval is scheduled for today. Amid this, Ethereum’s price had witnessed significant upsurges, fueled by the anticipation. Moreover, several Ethereum whales have shown intriguing strategies with mounting transactions this week.…
Metaplanet Inc.—known as “Japan’s MicroStrategy” on Crypto Twitter—has outperformed every other company on the Japanese stock market since the start of the week. Over the past two days, shares of Metaplanet have risen 50% in value, moving from 41 JPY at Monday’s close to 90 JPY as of Wednesday. That’s two consecutive trading sessions of Metaplanet reaching its maximum daily gains, as enforced by the Tokyo Stock Exchange (TSE). Following in the footsteps of MicroStrategy (MSTR), the world’s largest corporate holder of Bitcoin, Metaplanet’s new primary corporate objective is to accumulate as much Bitcoin as possible. “We believe this to…
Market intelligence platform Kaiko Analytics reports that new competitors are chipping away at Tether’s (USDT) stablecoin dominance. In a new report titled “Tether Loses Market Share,” Kaiko Analytics says that the stablecoin issuer’s market share over centralized exchange platforms (CEXs) has dipped 13% year-to-date (YTD) due to the growth of rival dollar-pegged digital assets, such as FDUSD and USDC. “Despite its dominant market position, USDT’s market share on CEXs has been trending downwards, declining from 82% to 69% YTD. This decrease can be partly attributed to growing competition from stablecoins like FDUSD which benefit from Binance’s zero-fee promotions. USDC has…
The court-appointed examiner, Robert J. Cleary, has released a detailed report recommending additional investigations into several aspects of the collapsed FTX Group, particularly focusing on FTX.US, its asset management practices, and its legal representation by Sullivan & Cromwell (S&C). Cleary’s report, submitted to the US Bankruptcy Court for the District of Delaware, outlines the necessity of three primary investigations to further clarify the circumstances surrounding FTX Group’s downfall. Shortfalls The first key recommendation centers on FTX.US balance sheet shortfalls. The report highlights significant concerns over recurring “holes” or shortfalls in FTX.US’s balance sheet. These gaps, particularly evident in November 2022,…
B2C2, a provider of institutional liquidity for digital assets, has announced a partnership with Swissquote, an online banking and financial services provider based in Switzerland. Swissquote has developed Swissquote Exchange (SQX), a central limit order book that offers deep liquidity and a secure environment for trading cryptocurrencies. Users of SQX can trade, hold, and transfer cryptocurrency assets within their Swissquote accounts, under the regulation of a Swiss bank. Since its launch in October 2022, SQX has expanded to include over 40 cryptocurrencies. The collaboration between SQX and B2C2 is intended to enhance the digital asset marketplace by increasing trading activity…
ZetaChain, a layer-1 blockchain dealing with chain abstraction, has recently announced an exclusive partnership. The platform has started a collaboration with the BTC service provider UniSat Wallet to assist the application developers in integrating BTC wallets for users. On its account on X, the company revealed further details concerning this launch. We’re excited to share @unisat_wallet is the newest Bitcoin compatible wallet on ZetaChain! App developers can integrate Bitcoin wallets like UniSat to let users interact with any Universal App on ZetaChain from the Bitcoin network.In the ZetaDocs, we have a dedicated tutorial… pic.twitter.com/nTtu8GC4fE — ZetaChain (@zetablockchain) May 22, 2024…
Although the cryptocurrency community is familiar with Andrew Tate’s love for Bitcoin (BTC), the social media personality and former professional kickboxer also seems bullish on the market’s largest altcoin – Ethereum (ETH) – as he recently suggested it would surpass an important price level. Indeed, true to his style of communication, the popular influencer with a massive following promised his followers on social media platform X (formerly Twitter) that he would call them all “losers” if Ethereum hits the price of $4,000, according to his X post on May 22. At the same time, Tate shared his post from early…