Author: NBTC
Armstrong said that the heavy trading demand was the cause of the many outages. The traffic spiked by more than 10 times in only one hour as a result of the Bitcoin price rise. Following its recent spate of unscheduled failures, crypto exchange Coinbase has said that it would have to upgrade its infrastructure in order to adequately address the problem. If Coinbase wants to significantly reduce the number of outages it has had in the last several weeks, it has to invest heavily in its trading infrastructure. In a recent interview with Bloomberg TV, CEO Brian Armstrong stated this…
The Russian crypto mining hotspot of Irkutsk appears to be cracking down on illegal and quasi-legal miners. Per a Telegram post from the Irkutsk Prosecution Service, an unnamed crypto miner, aged 35, will “stand trial for stealing electricity” in the town of Cheremkhovo. Irkutsk: Russian Crypto Mining Hotspot Hopes to Avoid Power Drain The move comes shortly after the power provider Rosseti closed down 17 illegal crypto mining farms in Krasnoyarsk, Omsk, and Khakassia. Rosseti also announced it had shut down 36 “illegal” crypto mining farms in the Republic of Dagestan since 2022. Similar crackdowns have been carried out in…
The cryptocurrency market is currently gripped by a sense of greed, evidenced by Bitcoin’s impressive bullish run, nearing its historical peak of $69K. However, given the substantial supply clustered around this crucial threshold, the potential for corrective movements cannot be overlooked. Technical Analysis By Shayan The Weekly Chart A comprehensive analysis of the weekly chart highlights Bitcoin’s remarkable upward trajectory, fueled by growing interest and optimism among market participants. The recent surge, propelled in part by the approval of spot Bitcoin ETFs, has seen the price surpass several critical resistance levels, edging closer to the pivotal all-time high of $69K.…
Allegations that the SEC has taken action to classify Ethereum as a security and launched an investigation into the Ethereum Foundation are occupying the agenda of the cryptocurrency world. Some people argue that Ethereum has become a security with its transition to the Proof of Stake consensus mechanism. However, Brian Quintenz, head of global policy at venture capital firm a16z, made a statement that this situation is unlikely. Quintenz reiterated that Ethereum is not a security. Quintenz reminded the public of several important points: When the SEC allowed Ethereum (ETH) Futures Exchange Traded Funds (ETFs) to trade on regulated securities…
Binance, one of the world’s leading cryptocurrency exchanges, announced that it will offer several new trading pairs and trading bot services, effective March 21, 2024, in order to expand trading options and offer a richer trading experience to its users. Binance Spot Introduces New Trading Pairs and Bot Services to Improve User Experience Binance will begin trading the following pairs starting at 11:00 AM on March 21: AAVE/TRY, ARKM/FDUSD, CRV/TRY, FET/BRL, RAY/FDUSD and RNDR/EUR. This expansion aims to offer users greater flexibility and access to a variety of trading options on the Binance Spot platform. Additionally, Binance will also introduce…
Legendary commodity trader Peter Brandt has quoted his own earlier tweet published in 2022 where he predicted Bitcoin not reaching a new all-time high until early 2024. Brandt has been in the commodity trading sphere since the 1970s and he is one of the most skilled traders in this. He often posts charts related to Bitcoin and some other top cryptocurrencies. In the meantime, Bitcoin has broken above the whopping $66,000 price mark, coming closer still to the historic peak of 2021. Brand hints his bullish prediction confirmed Referring to a tweet he published in mid-June two years ago, Brandt…
XPUNKS, the creators of the first NFT series on the XRP Ledger, have announced a move to rival blockchain Solana. The XPUNKS team communicated this move in a recent post on X, heralding the entry into Solana as a New Beginning. New Beginnings @solana pic.twitter.com/MolY6k84ON — XPUNKS (@XPUNKNFTs) March 19, 2024 Questions have emerged on whether they plan to completely leave the XRPL or facilitate a multi-chain approach. When asked, they noted that they had built a bridge. The team has failed to provide specific details on the decision but noted that it is organizing an Ask Me Anything session…
The Securities and Exchange Commission has intensified its scrutiny of Ethereum, the second-largest crypto after Bitcoin, by initiating a legal campaign to classify ETH as a ‘security.’ This regulatory probe will be a significant challenge for the crypto ecosystem while firms are fighting for the regulatory approval of spot Ethereum ETFs. Why the probe? According to reports, the SEC has simultaneously issued several U.S. companies dealing with ETH transactions subpoenas related to an investigation aimed at classifying Ethereum as a security. If this legal probe begins, it could have profound implications for Ethereum, the potential approval of ETH ETFs, and…
Saga, a key player in Layer-1 protocol and Web3 development, made waves at the Game Developers Conference (GDC) 2024 by introducing Saga Origins, a groundbreaking game publishing arm. This strategic move positions Saga as the pioneer and sole Layer-1 Web3 game publisher, setting a new standard for the industry.—Saga Origins is dedicated to partnering with developers to launch top-tier games, offering comprehensive support beyond traditional grants. This includes influencer collaborations, user acquisition campaigns, and community engagement initiatives. Through innovative Play-to-Airdrop campaigns, Saga, game studios, and guilds host tournaments rewarding players with $SAGA tokens. The recent success of The Three Kingdoms…
Binance, one of the world’s leading cryptocurrency exchanges, announced its decision to remove three tokens from its platform as of April 3, 2024. The tokens affected by this decision are DREP (DREP), Mobilecoin (MOB) and pNetwork (PNT). Binance Announces Delisting of DREP, MOB, and PNT Tokens The decision to delist these tokens stems from Binance’s commitment to maintaining high standards and adapting to evolving market dynamics. As part of its periodic review process, the exchange considers various factors such as project team commitment, development activity, transaction volume, network stability, regulatory compliance, and contribution to a healthy crypto ecosystem. All trading…