Cryptocurrency News Today TheBitTimes.com

The Solana network recently encountered a significant setback, enduring a 5-hour outage that precipitated a staggering $3 million exodus of investors. The outage was attributed to a bug, triggering an infinite loop within cryptocurrency transactions. Concurrently, InQubeta (QUBE), a groundbreaking AI-focused crypto, sets its sights on surpassing the achievements of Quant (QUANT) by the upcoming Bitcoin halving.  InQubeta seeks to transform the fundraising and community engagement dynamics for AI startups. This platform’s goal is to build a transpare­nt and inclusive investment e­nvironment that promotes empowe­rment, growth, and achieveme­nt for AI technology startups. Some cryptocurrency expe­rts foresee tre­mendous potential after this proje­ct’s launch. Let’s examine why Solana faces a $3 million investor outflow and why InQubeta hopes it can surpass Quant in the upcoming Bitcoin halving.  InQubeta:...

Binance’s bitcoin reserves have depleted by $200 million in the wake of the crypto exchange and its ex-chief Changpeng Zhao (CZ) pleading guilty to federal charges in the US — while CZ has paid bond, prosecutors are fighting for him to remain in the country until he can be sentenced. According to CryptoQuant, on-chain data shows that mass amounts of Bitcoin is flowing from Binance to Coinbase. Binance ’s Bitcoin reserves have dropped by 5,000 BTC ($187 million). Meanwhile, Coinbase’s reserves are up by 12,000 BTC ($450 million). Binance has historically used its bitcoin reserves to prop up the price of its proprietary token, BNB, according to the Securities and Exchange Commission (SEC) and several crypto analysts. Both CZ and Binance vehemently deny the claims. Seven-day price chart of BNB. Read more: Does Binance chief CZ need the price of BNB to stay above $200? The price of BNB took a -14% plunge following news of the settlement and CZ ’s r...