Author: NBTC

Binance, one of the world’s largest cryptocurrency exchanges, has announced a planned system upgrade for its Spot and Margin trading platforms. The upgrade will begin at 12:30 on September 19, 2024, and is expected to last approximately 10 minutes. Binance Announces Planned System Upgrade for Spot and Margin Trading The exchange has assured users that trading activities will continue uninterrupted during the upgrade. However, some functionality will be temporarily impacted, including the ability for App, Website and Desktop users to view open orders placed during the upgrade. As a result, users may not be able to cancel pending orders that…

Creating Bitcoin (BTC) strategic reserve might look attractive for Bitcoiners, seasoned researcher and investor Jim Bianco admits. However, once created, it will allow the government to gain too much control over Bitcoin’s (BTC) price performance. Too much power: Bitcoin (BTC) in strategic reserve is bad idea, Jim Bianco says The Bitcoin (BTC) community might be terribly wrong in its understanding of the potential effects of creating strategic BTC reserve in the U.S. Instead of raising interest rates for BTC, the government might gain too much control over the BTC price in the long haul. This is why the #Bitcoin Strategic…

Ethereum co-founder Vitalik Buterin’s multi-signature wallet has been actively selling ETH holdings, generating around 1.835 million USDC from the sale of 760 ETH. This activity followed an earlier transfer of 3,800 ETH, valued at $9.99 million, into the wallet from Buterin’s connected wallets between August 9 and August 30, 2023. The latest sale occurred September 8, 2023. Buterin had stated he hasn’t sold ETH for personal profit since 2018, and that these sales typically support charitable contributions, donations, or project funding. Spot On Chain monitoring revealed the systematic selling pattern from the multi-signature wallet. The average sale price for the…

AVAX surged, challenging a decline in the broader cryptocurrency market, reflecting solid institutional support. Grayscale’s new AVAX trust indicates growing investment in Avalanche, positioning it as a main asset in the blockchain ecosystem. Franklin Templeton’s integration with Avalanche underscores the network’s capacity to attract significant institutional players. Avalanche (AVAX) recently recorded an increase, reaching an uptick of 5.65%. Such upward movement has come in the wake of Grayscale Company’s launch of a new AVAX trust, which focuses on the management of digital assets. AVAX Market Movement According to Maria Nawfal’s post via the X space, Avalanche (AVAX) experienced a notable…

Fireblocks’ tech will help Binance.US scale up staking services for its relatively long list of staked crypto tokens. Earlier this year, the SEC told Binance.US to be more forthcoming in answering requests for information, specifically mentioning custody of customers’ assets. Binance.US, the American arm of the world’s largest cryptocurrency exchange by trading volume, is working with crypto custody firm Fireblocks to reassure users and regulators that customer assets on the exchange are handled in a safe and compliant manner while also bolstering crypto-token staking services. The company will use Fireblocks wallet tech to power hot and cold custody, customer deposits…

The difficulty of mining bitcoin has reached an all-time high of 92.6 terahashes, increasing by over 10% since early July, which could strain miners’ profitability due to higher operational costs. Increased mining difficulty might pressure miners financially, potentially leading to more bitcoin being sold to cover costs. However, some say there’s no direct correlation between mining difficulty and bitcoin price. The next bitcoin difficulty adjustment is estimated to occur on Sept. 27, decreasing the bitcoin mining difficulty to 77.12 T, as per Coinwarz. The computational power required to bring new bitcoin (BTC) into existence has surged to a fresh lifetime…

Presidential candidate and crypto industry supporter Donald Trump believes the U.S. government should not sell cryptocurrency. Table of Contents How much Bitcoin does the U.S. have on its balance sheet? How is the U.S. government-seized BTC sold? Trump’s plans for government-seized BTC Which countries have the most Bitcoins? Is Trump right? During a podcast with Adin Ross, he mentioned the recent sale of Bitcoin (BTC) by the U.S. government and asked Trump if he would support crypto if he won the November 2024 election. If elected, it will be the policy of my administration to keep 100% of all the…

In terms of network growth, Ethereum has made a new milestone, as it has recently marked a 4-month high in wallet creation. How has this new development impacted the market? Has it helped Ethereum to outperform other L1 chains? It’s time to do a simple analysis! Ready? Ethereum’s Strong Network Growth Yesterday, Ethereum saw a sharp rise in wallet creation. As many as 126,210 new wallets were created on the network, the highest reported in the last four months. Interestingly, no one expected such a growth to occur on Sunday – typically considered the quietest day for crypto activity. As…

Chainlink is driving innovation in tokenized real-world assets by enhancing transparency and interoperability. Key integrations include improved ETF transparency, cross-chain transfers for real estate and financial tokens, and global asset management solutions. The rise of tokenized real-world assets (RWA) is reshaping the financial landscape, and Chainlink is at the forefront of this transformation. As the demand for tokenization grows, Chainlink’s decentralized infrastructure is enabling a wide range of innovative use cases, from enhancing transparency in ETFs to powering cross-chain transfers for tokenized assets. Currently, Chainlink is implementing its solutions to enhance the transparency and security of financial services. For instance,…

Osmosis, the popular decentralized exchange (DEX), announced the launch of Polaris, described as a “token portal” aimed at solving one of decentralized finance’s biggest challenges: fragmented user experience. According to the team, the platform will allow users to trade tokens across multiple blockchains through a single interface, eliminating the need for multiple wallets, bridges, and gas tokens. Polaris marks a strategy shift for Osmosis, one of the flagship networks in the Cosmos ecosystem’s web of interconnected blockchains. The exchange has historically promoted itself as a unified liquidity venue for Cosmos-based networks. Polaris, by contrast, will work equally well for non-Cosmos…