The Bitcoin market has yet to reach the unsustainable euphoria typically observed at the peaks of previous BTC price bull runs.
American crypto trading platform Coinbase Global Inc. has announced it has disabled trading for Wrapped Bitcoin (wBTC). The top crypto exchange noted that despite this move, the product will still become accessible to users. The essence of this accessibility is that token holders can withdraw their funds at any time. Coinbase To End the wBTC Era As part of the announcement, Coinbase said it regularly monitors the assets on its exchange to ensure they meet its listing standards. The Brian Armstrong-led firm said it chose to delist wBTC based on its most recent review. The wBTC trading removal became effective from 12 pm ET. The exchange said it suspended the wrapped Bitcoin token on its main platform Coinbase.com including the simple and advanced trading interfaces. It revealed that it took down trading support for the token on Coinbase Exchange and Coinbase Prime as well. We have moved our wBTC order books to limit-only mode. Limit orders can be placed and canceled, and matches may occur. If you have any questions regarding this update, please visit: https://t.co/aZsdyDqkAS — Coinbase Assets (@CoinbaseAssets) November 19, 2024 As part of the measures toward the removals, the exchange noted that it has moved the token’s order books to limit-only mode. Coinbase reiterated that limited orders may be placed and canceled and matches may also occur. Unlike its standard delisting with defined withdrawal periods, the exchange said users will have access to their funds at any time. A Controversial Business Deal The wrapped Bitcoin token came into the spotlight last this week after a Justin Sun-linked firm responsible for its issuance BiT Global sued the exchange . BiT Global alleged that the exchange delisted the token to give competitive advantage to cbBTC. In its response, Coinbase said its delisting stems from concerns over alleged market manipulation practices of Justin Sun. Despite what many considered “guilt by association,” the court sided with exchange, highlighting that it has a right to delist wBTC. The trading platform announced this delisting barely 24-hours after the favorable ruling. Meanwhile, members of the crypto community have faulted Coinbase despite its victory in the case. Critics faulted the trading platform over its listing of memecoins over crypto projects with real utility. Many also considered its alleged listing standards to be vague, a series of allegations it has not directly addressed. As a form of protest, Donald Trump-backed World Liberty Financial dropped cbBTC in favor of wBTC The post Coinbase Disables wBTC Trading After Landmark Victory appeared first on CoinGape .
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI challenges Solana with AI-driven blockchain solutions, attracting attention with its $0.003 presale. Table of Contents Overview of Lightchain AI’s roadmap Comparative analysis- LCAI’s Roadmap vs. Solana’s offerings Why Lightchain AI is attracting Solana enthusiasts Community reception and future prospects of LCAI Solana (SOL) has earned a reputation for its high-speed transactions and developer-friendly ecosystem, but a new contender, Lightchain AI (LCAI) , is turning heads with its unique roadmap and AI-driven blockchain solutions. Lightchain AI is creating a decentralized ecosystem for AI computations and applications. With the Lightchain AI Presale ongoing at $0.003, and a detailed roadmap leading to global adoption, Solana enthusiasts are increasingly drawn to LCAI’s vision for scalability, efficiency, and decentralized AI innovation. You might also like: Dogecoin’s community watch Lightchain AI with interest Overview of Lightchain AI’s roadmap Lightchain AI’ s roadmap outlines a strategic progression to effectively integrate artificial intelligence with blockchain technology. The journey begins with Phase 1, Prototype Development, where the Proof of Intelligence (PoI) consensus mechanism will be developed and tested to reward nodes for AI computations, alongside the creation of the Artificial Intelligence Virtual Machine (AIVM) to efficiently execute AI-specific tasks. In Phase 2, a testnet will be deployed to enable developers and node operators to validate the system’s functionality and performance. Phase 3 marks the Mainnet Launch, introducing full PoI and AIVM capabilities to enable decentralized AI computations. Phase 4 focuses on Ecosystem Growth by onboarding developers and enterprises to build a robust ecosystem of decentralized applications (dApps). To achieve Global Adoption in Phase 5, industry partnerships will be formed to drive widespread use across sectors. Phase 6 establishes an Open-Source Innovation Hub, fostering collaborative development and innovation. Phase 7 emphasizes Sustainability and Scalability, implementing solutions for the platform’s long-term success. Finally, Phase 8 focuses on Iterative Evolution, continuously improving the platform based on technological advancements and community feedback. This roadmap demonstrates Lightchain AI’s dedication to creating a decentralized, AI-integrated blockchain ecosystem. For more details, refer to Lightchain AI’s whitepaper. Comparative analysis- LCAI’s Roadmap vs. Solana’s offerings Lightchain AI and Solana have recently introduced several innovative features to enhance their platforms. Lightchain AI Staking and restaking Following a successful presale that raised $2.2 million, LCAI has launched staking options with annual percentage rates (APRs) ranging from 2% to 70%, depending on the staking period. This initiative aims to incentivize community participation and support network security. Integration of AI and blockchain LCAI is pioneering the convergence of artificial intelligence with blockchain technology, introducing features like the Artificial Intelligence Virtual Machine (AIVM) and the Proof of Intelligence (PoI) consensus mechanism. These advancements are designed to execute AI-specific tasks efficiently and reward nodes for meaningful AI computations, respectively. Solana Blinks and actions Solana has introduced ‘Blinks’ (blockchain links) and ‘Actions,’ enabling users to initiate on-chain transactions directly from any website or application where a link can be shared. This feature facilitates seamless activities such as voting, donating, minting NFTs, and making payments within social media platforms and other online spaces. Validator client upgrades The adoption of the v1.14 and v1.18 updates has brought significant improvements to Solana’s network performance, reliability, and efficiency. Notable enhancements include the introduction of a central scheduler to streamline transaction handling and ensure more accurate and efficient priority calculations. These developments reflect both platforms’ commitment to advancing blockchain technology and offering enhanced functionalities to their users. Why Lightchain AI is attracting Solana enthusiasts Speed and scalability While Solana has established itself as a high-speed blockchain platform, Lightchain AI’s integration of artificial intelligence aims to further optimize transaction speeds and scalability. With the potential to process thousands of transactions per second, LCAI is positioning itself as a leading solution for decentralized AI computations, attracting Solana enthusiasts who value efficiency and speed. AI-driven innovation LCAI’s focus on integrating artificial intelligence with blockchain technology opens up endless possibilities for innovation in various industries. This approach appeals to Solana enthusiasts who are interested in exploring the potential of AI and its impact on blockchain technology. Incentivizing community participation By offering staking options with attractive APRs and rewards for meaningful AI computations, LCAI is actively incentivizing community participation and support. This strategy has been proven successful by platforms like Solana, which have garnered a strong following through their incentive programs. Community reception and future prospects of LCAI The response from the Solana community to Lightchain AI’s roadmap and offerings has been overwhelmingly positive, with many acknowledging the potential of LCAI’s integration of AI and blockchain. With a detailed roadmap and strategic partnerships in place, Lightchain AI is well-positioned for long-term success and could see a significant increase in adoption as its platform continues to evolve. As more developers and enterprises join the ecosystem, LCAI has the potential to become a leader in decentralized AI computations and drive innovation within the blockchain space. Stay tuned for updates on Lightchain AI’s progress towards global adoption! Invest today in Lightchain AI and be a part of this amazing development! So, let’s join hands to change the future of blockchain technology with artificial intelligence. To learn more about Lightchain AI, visit the website , whitepaper, X , and Telegram. You might also like: Binance Coin traders are exploring Lightchain AI’s potential for big gains Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Lightchain AI challenges Solana with AI-driven blockchain solutions, attracting attention with its $0.003 presale. #partnercontent
A federal judge in California has denied BiT Global Digital Ltd.’s request for a temporary restraining order (TRO) to prevent crypto exchange Coinbase from delisting wrapped Bitcoin (wBTC) from its platform. US District Judge Araceli Martínez-Olguín ruled Wednesday that BiT Global failed to present sufficient evidence to demonstrate “imminent irreparable harm” if the delisting proceeds. Coinbase Cleared to Delist wBTC The judge also criticized the speculative nature of BiT Global’s claims and noted the company’s delay in filing the complaint following Coinbase’s delisting announcement . The ruling was a setback for BiT Global, which manages wBTC – a token pegged to Bitcoin’s value that facilitates decentralized finance (DeFi) activities on blockchain networks like Ethereum. Coinbase, which has supported wBTC trading since 2020, argued that its decision to delist the token was driven by concerns over its ties to Justin Sun, the founder of the Tron cryptocurrency. Sun was charged with fraud and securities violations by the US Securities and Exchange Commission (SEC) in March 2023. In its legal filing , Coinbase stated that the association with Sun posed an “unacceptable risk,” a claim BiT Global did not address in its complaint or TRO request. BiT Global ‘Lost’ its Bid to Halt wBTC Delisting Paul Grewal, Coinbase’s chief legal officer, welcomed the court’s decision, stating on X that BiT Global “lost” its bid to prevent the delisting. “BiT Global lost. Today they asked the Court to order us to stop delisting wBTC to protect our customers. Today the Court said no. We appreciate the Court’s consideration and the outstanding advocacy of Sonal Mehta and her team at WilmerHale.” The exchange was represented by Sonal N. Mehta and her team at WilmerHale, who argued that Coinbase’s actions were necessary to protect its customers. As such, the latest decision allows Coinbase to proceed with delisting wBTC, a token reportedly linked to more than $13 billion in Bitcoin value. Looking ahead, the crypto exchange has approximately 30 days to file a motion to dismiss the broader claims in BiT Global’s lawsuit, which include allegations of “attempted monopolization” under the Sherman Act. The post wBTC Delisting Stands: BiT Global’s Legal Challenge Fails appeared first on CryptoPotato .
According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas, and Peru have CBDC programs in various stages of development.
Bitcoin fell to $97,500 due to Fed announcements and market reactions. Altcoins are experiencing significant losses, raising concerns among traders. Continue Reading: Bitcoin Faces Significant Decline as Market Reacts to Fed Announcements The post Bitcoin Faces Significant Decline as Market Reacts to Fed Announcements appeared first on COINTURK NEWS .
The cryptocurrency market faced a sudden decline, led by Bitcoin. The world's largest cryptocurrency lost 5.74% of its value in the last 24 hours. BTC is trading at $98,074 at the time of writing. BTC fiyatında yaşanan genel düşüşü gösteren grafik. The reason for the decline is thought to be the hawkish FOMC statements following the FED's expected 25 basis point rate cut announcement yesterday and the hawkish speech made by FED Chairman Jerome Powell during the press conference that interest rate cuts would slow down. While the FED's dot plot chart previously predicted four interest rate cuts in 2025, this number was reduced to two with the revision made yesterday. However, many cryptocurrencies in the altcoin world are also seeing double-digit declines. Ethereum price has fallen by 10.61% in the last 24 hours and is trading at $3,472 at the time of writing. Related News: Another Company Announces Large Bitcoin Purchase: Here is its Average Purchase Price Among the top 100 cryptocurrencies, those that experienced the biggest declines were LDO, RUNE, GALA, FLOKI and PENGU, respectively. The sudden decline in the market also brought with it a large amount of liquidation. According to the latest data, there was a massive liquidation of $1.05 billion in the cryptocurrency market in the last 24 hours, $911 million of which were in long positions. Graph showing liquidations in the last 24 hours. Bitcoin ranked first among the cryptocurrencies that experienced the most liquidation, followed by Ethereum, Dogecoin, XRP and Solana. *This is not investment advice. Continue Reading: Bitcoin and Altcoins Plummet – Here’s Why and Latest Liquidation Data
Today, The Open Platform (TOP) has officially introduced the TON Space custodial wallet. The launch comes one month after Andrew Rogozov, CEO of TOP, announced new updates at the Gateway event in Dubai. The launch signifies the conclusion of the beta development phase and the subsequent incremental introduction of the new self-custodial wallet platform. According to the announcement from TOP, TON Space’s development phase was characterized by remarkable growth. In their official announcement, TOP assets, “The beta period saw more than 100 million Telegram users having used TON Space to create self-custodial wallets.” This makes a roughly 10% of the app’s total user base. TON space advancement Initially, the TON space was launched from a TON-based application in the telegram messenger. It was intended to provide users with complete control of their digital assets. Developers were encouraged to use TON Space to develop applications that feature a user interface in Telegram and seamless blockchain integration with the TON Space wallet. TOP is a venture capital firm and venture builder that specializes in early-stage initiatives within the TON blockchain ecosystem. It offered developers funding, resources, and expertise, thereby enabling them to create scalable Web3 products prepared for widespread adoption. This provided a comprehensive solution for Web3 builders worldwide while simultaneously addressing the primary challenges of crypto adoption, including frictionless onboarding and audience access. Using a unified interface, TON Space now provides users with the ability to effortlessly transition between custodial and non-custodial wallet options. Additionally, the updated platform boasts enhanced navigation, which is designed to facilitate the enrollment process for new users. TOP CEO Andrew Rogozov said, “We aim to engage 30% of Telegram users in the TON ecosystem by 2028, and the launch of our self-custodial wallet is yet another milestone in our journey to achieve this goal.” Moreover, the TON Foundation has most recently announced a partnership with HashKey. This is meant to support the “open network” and “increase access” to fiat on and off-ramps for Telegram wallet users in the Asia-Pacific Region. 🔄 New swap alert! @ton_blockchain 's native coin $TON is now available to swap in Ledger Live! Swapping through Ledger Live is an easy & secure way to swap your crypto – learn more at: https://t.co/IeS84VyxKw Happy swapping! 🔄 pic.twitter.com/gBZ1mAIk6O — Ledger (@Ledger) December 2, 2024 Andrew Rogozov reposted on his X account that the TON blockchain was available on Ledger. TON Space custodial wallet’s fresh features TON Space will be introducing additional features like a dApp catalog, decentralized exchange integration, staking aggregation solutions, and mechanisms for NFT and Jetton giveaways. These connections are intended to benefit TON blockchain developers and boost the discoverability of their applications. It will also provide TON Space users with access to a broader array of decentralized services and competitive transaction rates. The development will make the platform a more appealing option for a broader audience. Still, the wallet update is designed to enhance the accessibility of the TON network’s features for both developers and consumers. Formerly in beta, TON Space is now set to become a permanent, fully-featured alternative. Andrew Rogozov highlighted this transformation, stating, “TON Space is transitioning from a crypto asset storage solution to an ecosystem in and of itself.” He added, “We want TON Space to become a gateway for the entire TON ecosystem, empowering Telegram’s 950 million users to seamlessly access dApps built on TON.” In the meantime, Today, the price of Toncoin is $5.37, with a 24-hour trading volume of $584.75 M. In the past 24 hours, TON has experienced a 6.40% decline. Toncoin price chart shows bearish momentum – Source: CoinMarketCap It is currently down -17.39% from its 7-day all-time high of $6.49 and down 2.94% from its 7-day all-time low of $5.21. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
The crypto market is experiencing a surge as Bitcoin miners ramp up their acquisitions, signaling strong bullish sentiment amidst price rallies. Marathon Digital Holdings (MARA), a leading Bitcoin mining company,