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Binance Announces 'Significant' Multiple Token Burn
On January 22, Binance announced a forthcoming significant burn of various exchange-related cryptocurrencies across multiple blockchains. The burned tokens will be replaced by an equivalent number on their respective networks used as collateral. However, Binance did not disclose specific details, such as the names of the digital assets involved or the exact timing of the burn. When a user inquired about the potential impact on the total supply of BNB, Binance representatives clarified that BN...
Binance Announces 'Significant' Multiple Token Burn
On January 22, Binance announced a forthcoming significant burn of various exchange-related cryptocurrencies across multiple blockchains. The burned tokens will be replaced by an equivalent number on their respective networks used as collateral. However, Binance did not disclose specific details, such as the names of the digital assets involved or the exact timing of the burn. When a user inquired about the potential impact on the total supply of BNB, Binance representatives clarified that BN...
Glassnode: Bitcoin has entered the accelerating phase of the bull market
The data provided by Glassnode indicates that Bitcoin has entered a phase of rapid growth within the bull market, showcasing a remarkable 141.6% year-to-date surge. This surge is notably aligned with the duration of recovery and post-ATH drawdown witnessed in the cycles between 2015-2017 and 2018-2022. Investors in Bitcoin are experiencing gains, with the majority seeing positive returns. On-chain indicators are displaying an upward trend, moving into an enthusiastic territory. In the year-to...
Glassnode: Bitcoin has entered the accelerating phase of the bull market
The data provided by Glassnode indicates that Bitcoin has entered a phase of rapid growth within the bull market, showcasing a remarkable 141.6% year-to-date surge. This surge is notably aligned with the duration of recovery and post-ATH drawdown witnessed in the cycles between 2015-2017 and 2018-2022. Investors in Bitcoin are experiencing gains, with the majority seeing positive returns. On-chain indicators are displaying an upward trend, moving into an enthusiastic territory. In the year-to...
Experts have noted the outflow of developers from the Bitcoin industry
A recent report by Electric Capital highlights significant shifts in the developer landscape within the cryptocurrency industry. As of October 1, 2023, the number of open-source crypto project developers stood at 19,300. However, this figure had seen a significant decline of 27% over the previous 12 months. Several key trends and changes in the cryptocurrency developer community were identified in the report: 1. Decrease in Developer Numbers: One of the most prominent findings was the reducti...
Experts have noted the outflow of developers from the Bitcoin industry
A recent report by Electric Capital highlights significant shifts in the developer landscape within the cryptocurrency industry. As of October 1, 2023, the number of open-source crypto project developers stood at 19,300. However, this figure had seen a significant decline of 27% over the previous 12 months. Several key trends and changes in the cryptocurrency developer community were identified in the report: 1. Decrease in Developer Numbers: One of the most prominent findings was the reducti...
“Sailor” was detained before the hearing in the WEX case
On September 20, just before the commencement of the next hearing related to the embezzlement case involving the assets of the WEX cryptocurrency exchange at the Meshchansky Court in Moscow, Dmitry "Moryachk" Khavchenko, the former owner of the platform, was detained by the police. This development was reported by journalist Irek Murtazin through his Telegram channel. The detention of "Sailor" reportedly occurred due to an alleged weapons possession charge. He was taken into custody and broug...
“Sailor” was detained before the hearing in the WEX case
On September 20, just before the commencement of the next hearing related to the embezzlement case involving the assets of the WEX cryptocurrency exchange at the Meshchansky Court in Moscow, Dmitry "Moryachk" Khavchenko, the former owner of the platform, was detained by the police. This development was reported by journalist Irek Murtazin through his Telegram channel. The detention of "Sailor" reportedly occurred due to an alleged weapons possession charge. He was taken into custody and broug...
Binance Pool provided the opportunity to issue Ordinals
Binance Pool, a powerhouse in the realm of cryptocurrency mining pools, has unveiled the groundbreaking Ordinals Inscription Service, affording users a streamlined avenue to forge Bitcoin non-fungible tokens (NFTs) with remarkable ease. The Ordinals protocol, ushered into the scene earlier this fiscal cycle, ushers in a revolution where data finds its home inscribed into singular Satoshis, thereby birthing a mesmerizing menagerie of sui generis digital artifacts. In its comprehensive embrace,...
Binance Pool provided the opportunity to issue Ordinals
Binance Pool, a powerhouse in the realm of cryptocurrency mining pools, has unveiled the groundbreaking Ordinals Inscription Service, affording users a streamlined avenue to forge Bitcoin non-fungible tokens (NFTs) with remarkable ease. The Ordinals protocol, ushered into the scene earlier this fiscal cycle, ushers in a revolution where data finds its home inscribed into singular Satoshis, thereby birthing a mesmerizing menagerie of sui generis digital artifacts. In its comprehensive embrace,...
