Notcoin price left in the dust as a rare pattern points to a 220% surge

Notcoin price left in the dust as a rare pattern points to a 220% surge

Notcoin, the once-popular tap-to-earn token, has seen a significant decline in value as most other cryptocurrencies continue to rise on Friday, Nov. 8. As of Nov. 8, Notcoin (NOT) was trading at $0.0063, down 78% from its highest point earlier this year. This drop has led to a sharp reduction in its market capitalization, which […]

Pi Network News Recap – November 7, 2024

Pi Network News Recap

Pi Network, the cryptocurrency project aiming to let users mine digital assets directly from their smartphones, has extended the Know Your Customer (KYC) deadline to November 30, 2024. The platform also announced updates related to its ongoing technical developments and plans for its long-awaited mainnet launch. Here’s a summary of the key updates: Key Updates […]

Block Inc. shifts focus to Bitcoin mining amid plans to sunset Web5-focused TBD

Block Inc shifts focus to Bitcoin mining amid plans to sunset Web5-focused TBD

Jack Dorsey’s payments firm Block Inc. (formerly Square) is making a major pivot towards the cryptocurrency mining sector, signaling a strategic shift away from some of its other initiatives, including its music streaming service TIDAL and its decentralized web project TBD. In a letter to shareholders on November 7, Block announced plans to reallocate resources […]

South Korea’s Upbit will launch Solana-based DRIFT trading pairs

South Korea’s Upbit will launch Solana-based DRIFT trading pairs

Upbit to Launch DRIFT Trading Pairs for KRW, BTC, and USDT on Nov. 8 South Korea’s largest crypto exchange, Upbit, has announced that it will list DRIFT, the governance token of Drift Protocol, starting Nov. 8, 18:00 KST. DRIFT will be available for trading against the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) on […]

ETH nears $3k as Ethereum Foundation bets on its ‘long term perspective’

ETH nears $3k as Ethereum Foundation bets on its ‘long term perspective’

In its 2024 financial report, the Ethereum Foundation reaffirmed its long-term commitment to ETH, revealing that 99% of its $788.7 million crypto holdings are in Ethereum. As of October 31, the foundation’s total assets were valued at approximately $970.2 million, which includes $181.5 million in non-crypto assets. The Ethereum Foundation stated, “We choose to hold […]

Crypto market stays in the green after 25bps Fed cut

Crypto market stays in the green after 25bps Fed cut

Bitcoin, Crypto Market Maintain Momentum After Federal Reserve’s First Rate Cut Under Trump’s Victory The Bitcoin and broader cryptocurrency market continued their positive momentum following the Federal Reserve’s rate cut on November 7—its first since Donald Trump’s election win. The Federal Reserve announced a 25 basis point reduction in U.S. funding rates during its Federal […]

Detroit to Become Largest U.S. City to Accept Cryptocurrency for Tax and Fee Payments

Detroit to Become Largest U.S. City to Accept Cryptocurrency for Tax and Fee Payments

Detroit is set to become the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents will be able to make payments using cryptocurrency through a platform managed by PayPal, as announced by city officials today. This initiative is part of Detroit’s broader strategy to embrace new technologies aimed at […]

Eclipse launches public mainnet of first SVM L2 on Ethereum

Eclipse launches public mainnet of first SVM L2 on Ethereum

On November 7, the Eclipse Foundation announced the official launch of Eclipse‘s public mainnet. Eclipse is a Solana Virtual Machine (SVM)-powered layer-2 solution built on Ethereum, marking a significant milestone in its efforts to combine the strengths of both Ethereum and Solana for users. According to a press release from the Eclipse Foundation, this development […]