Author: NBTC
The digital asset treasury company, Everything Blockchain Inc., is set to become the second publicly-traded entity to adopt an XRP yield-bearing structure created by Flare. As a layer-1 network focused on decentralized finance (DeFi) interoperability, Flare has been focused on expanding institutional adoption for XRP. A press release sent to CryptoPotato revealed that Everything Blockchain has entered a memorandum of understanding (MOU) to adopt Flare’s XRP DeFi (XRPFi) framework. This development comes after the Nasdaq-listed energy solutions provider VivoPower International committed $100 million in XRP to the Flare ecosystem. Everything Blockchain Embraces Flare’s XRPFi According to Flare, the XRPFi strategy…
After Bitcoin surpassed $124,000 last week and reached a new ATH, expectations for a new ATH for Ethereum (ETH) have also increased. ETH, which came very close to breaking its previous ATH in 2021, experienced a sharp decline following macroeconomic data from the US. It is stated that there is a risk of continuing the decline for Ethereum, which fell from the levels of $ 4,700 to $ 4,200. At this point, analysis company Matrixport stated that the rise in Ethereum is due to treasury companies. Sharing its current analysis from the X account, Matrixport stated that Ethereum’s rise depends…
Tony Edward, the host of the Thinking Crypto podcast, pushes back on negative rumors surrounding the world’s largest stablecoin issuer, Tether. Yesterday, Edward slammed critics spreading FUD (fear, uncertainty, and doubt) about Tether, calling them paid actors, engagement farmers, and uninformed commentators. He defended Tether’s credibility by citing evidence of its ongoing expansion in the United States and its connections with prominent financial figures, including Secretary of Commerce Howard Lutnick. A month before this verification, Tether, alongside Cantor Fitzgerald and SoftBank, launched Twenty One Capital, a Bitcoin investment company. The investment company made its debut with a whopping 42,000 BTC…
The Russian government has filed a bill imposing heavy fines and asset seizure for cryptocurrency payments and coin mining without permission. Critics say the legislation will hurt legal businesses, chasing them away to other jurisdictions and depriving Russia of the opportunity to develop its own crypto infrastructure. Russia readies million ruble fines for coin payments and minting The executive power in Moscow is preparing to hit key crypto activities with hefty fines, local media reported, citing a new legislative proposal. The draft federal law “On Amendments to the Code of Administrative Offenses” has been recently submitted to the State Duma,…
South Korean crypto exchange Bithumb recently announced a temporary halt to DYDX deposits and withdrawals. This crucial move, set to begin at 9:00 a.m. UTC on September 2nd, is in preparation for a significant network upgrade for the dYdX (DYDX) token. Understanding the reasons behind such suspensions is key for any cryptocurrency user, ensuring you remain informed and prepared for market fluctuations and operational changes. Why Are DYDX Deposits and Withdrawals Being Suspended? Exchange suspensions of services like DYDX deposits and withdrawals are not uncommon in the fast-evolving world of cryptocurrency. They typically occur for essential reasons that ultimately benefit…
IREN (IREN) reported fourth-quarter results that highlighted rapid progress in both its bitcoin mining and artificial intelligence infrastructure businesses, according to a Friday research report by broker Canaccord Genuity. The broker reiterated its buy rating on the stock and hiked its price target 60% to $37 from $24, citing stronger visibility in both mining and AI revenue streams. In early trading, shares are higher by 25% to $28.75. The company’s mining unit reached an annualized revenue run rate above $1 billion, powered by 50 exahash per second (EH/s) of capacity and one of the industry’s most efficient fleets at 15…
Zoro is excited to announce its cutting-edge alliance with Fireverse Ventures to merge music with artificial intelligence (AI) and blockchain. Fireverse is the platform backed by notable investors, including Nobody, BingX, OKX Ventures, and Gate. With this support, the platform aims to pave the way for a future where music will be totally free from traditional confines. In that envisioned era, music will become an integral part of a broader and dynamic decentralized ecosystem. 🎵 Meet Fireverse! Our latest creative ally bringing AI-powered music to Web3!@FireverseV is a next-generation music platform built on AI and blockchain, backed by notable investors…
SharpLink Gaming (SBET), the Nasdaq-listed ether (ETH) treasury firm led by Ethereum co-founder Joe Lubin, said it bought 143,593 ETH through last week, bringing total holdings above $3 billion. To finance the purchases, SharpLink raised $537 million in net proceeds during the week ended Aug. 15. The company secured $390 million through a registered direct offering that closed Aug. 11, and an additional $146.5 million via its at-the-market issuance program. The firm reported an average ETH purchase price of $4,648 for last week’s acquisitions. That’s roughly 8% higher than the asset’s current price after the crypto market slid over the…
Trump blames Powell for delaying Fed cuts, warning of a worsening housing crisis Markets see an 83% chance of rates dropping to 400–425 bps Bitcoin slips below $114K and retail sentiment turns sharply bearish President Trump is yet again targeting Federal Reserve Chair Jerome Powell, accusing him of stalling on rate cuts and hurting the housing market. With mortgages, interest rates, and even crypto caught in the middle, what is really at stake? Let us find out. Is Powell Hurting the Housing Market? In a recent post on Truth Social, Trump slammed Powell, claiming that he is crushing the housing…
In a significant development for the cryptocurrency landscape, popular trading platform Robinhood has included TON Coin in its offerings. This decision is poised to create noteworthy shifts, particularly in the altcoin market, as Robinhood aims to diversify and expand its crypto trading options. The action coincides with imminent economic data releases from the U.S., which are likely to inject further volatility into the market. What Does Robinhood’s Listing Mean for TON Coin?How Will TON Coin’s Price Respond? What Does Robinhood’s Listing Mean for TON Coin? Robinhood’s foray into cryptocurrency markets has seen the platform steadily increasing its range of digital…