Altcoin News by Thebittimes.Com

  Let’s see what happened this week in crypto: here is a short summary. Bitcoin could reach $100,000 or more by 2025 if the Bitcoin Rainbow Chart model is to be believed, BTC may be nearing the bottom if certain drilling analogy metrics are correct, Bluntz predicted bitcoin will trade sideways in a range bound environment for 12 more months, Chamath Palihapitiya predicted DeFi will transform all financial assets , and we also looked into whether Paul Tudor Jones changed his bitcoin price prediction. Also, check out how much El Salvador’s $30 BTC giveaway would be worth today. Meanwhile, the Ethereum network saw its biggest one-day growth so far in 2022, and computer graphics card prices fell by nearly 60% following the Ethereum Merge. Then, on -chain data from the Terra blockchain suggested Do Kwon was still cashing out from his “shadow wallets”, BNB Chain came back online after being suspended due to an exploit that drained around $600 ...

Source: AdobeStock / prima91 The major crypto exchange Binance on Thursday completed its last BNB token burn for the third quarter, with more than 2 million BNB tokens burned at a value of well over $500 million. The total amount of tokens burned during the quarter 2,065,152.42 BNB, and was comprised of token burns under Binance’s Auto-Burn feature, Pioneer Burn Program, and a program where a portion of gas fees in every transaction is burned, an announcement from Binance said. At the time of writing, the total value of the tokens burned was $563.8 million. Binance has officially stated that its burn programs aim to remove 100 million BNB tokens – half of the total supply – from circulation. The number of tokens removed in each burn is automatically calculated by the Auto-Burn formula developed by the exchange. “The BNB Auto-Burn provides an independently auditable, objective process independent of the Binance centralized exchange,”...

Source: AdobeStock / Diego   After major crypto exchange Binance said that it would cease trading Helium Network Token (HNT), the Helium Foundation COO reportedly stated that “there is no basis” for doing so and that the coin meets all the standards set by the exchange. Four days ago, Binance announced that it would “remove and cease trading” certain spot, cross and isolated margin pairs, specifically HNT/BTC, HNT/BUSD, HNT/USDT, and OOKI/BNB. Cross and isolated margin borrowing got suspended just a day later, on October 7, while all users’ positions will be closed, an automatic settlement conducted, and all pending orders cancelled on October 12. “We will then delist the HNT/BUSD and HNT/USDT cross and isolated margin pairs,” the exchange said. The announcement, however, did not provide any specific explanation for its decision. Binance spokesperson Jessica Jung was quoted by Forbes as saying that the exchange period...