Author: NBTC
The US banking sector has suffered unrealized losses worth a monumental $515 billion as 2024 nears end, sparking a bullish narrative in the digital asset space, which often thrives on the failure of the traditional banking sector. Bitcoin (BTC) and altcoins have capitalized on the ongoing challenges in the traditional banking system, strengthening their appeal as alternatives. Notably, the losses, though lower than previous quarters, peaked at over $600 billion earlier this year, according to data shared by Barchart, a trading platform. Federal Reserve rate hikes have been a primary driver of these losses, devaluing bonds and fixed-income assets held…
Justin Bons, founder and CIO of Cyber Capital, has sparked intense discussions within the crypto community by accusing Ripple’s XRP of misleading investors regarding its decentralization. Bons shared a detailed 25-point thread on Twitter, outlining his concerns about XRP’s architecture and the claims made by its executives. Justin Bons’ Fiery Take on XRP Bons began by asserting that Ripple is “centralized and permissioned,” directly challenging statements from the firm’s leadership. He stated, “XRP is misleading investors by lying about its decentralization. The foundation has total control over the network!” Bons argued that attracting retail buyers with such claims amounts to…
Bitcoin’s rally above the $95,000 mark triggered a strong phase of accumulation among retail investors. Bitcoin (BTC) recorded an exchange net outflow of $6 billion over the last seven days — $3.9 billion on Nov. 19 alone — according to data provided by IntoTheBlock. The impressive accumulation wave sent Bitcoin to an all-time high of $99,655 on Nov. 23. BTC CEX net flow | Source: IntoTheBlock The $3.38 billion weekly net inflow into spot BTC exchange-traded funds in the U.S. also played an important role in sending Bitcoin close to the $100,000 mark. On the other hand, the whale activity…
XRP rose to $2.84, its highest price in six years, making it the third most valuable cryptocurrency in the world. While it is still below its all-time high of $3.30 set in 2018, experts believe that XRP could surpass that record. Arthur Azizov, CEO of crypto exchange B2BinPay, listed several factors that led to XRP’s dramatic rise. Donald Trump’s victory in the US presidential election on November 5 has reignited bullish sentiment in the crypto market. Investors are betting that Trump will deliver on his pro-crypto promises, sending the market’s value up 42% to $3.5 trillion. Ripple CEO Brad Garlinghouse…
As the price of XRP surged to a fresh seven-year high mark Monday, analysts told Decrypt that the asset’s stunning ascent is being driven by a series of post-election factors, ranging from renewed regulatory hopes to the potential for XRP-centric investment products. Since Election Day last month, the token stewarded by Ripple Labs has been one of the crypto market’s best performers, outpacing Bitcoin and Ethereum’s relative gains. Since November 5, for example, the price of XRP has more than quintupled, rising 430% to $2.67 from $0.50. Whether it’s WisdomTree or 21Shares, several asset managers have recently filed for products…
A notable Ripple whale has purchased 60 million XRP today. This moves comes amid XRP price’s impeccable rally as the token clocked a phenomenal gain of over 426% in a month. The latest accumulation has fueled hopes of a surge to the $3 mark soon. Latest Ripple Whale Movement & XRP’s Legal Saga According to Whale Alert, a Ripple whale snapped up 60 million XRP, valued at approximately $159.50 million, from the South Korean exchange Upbit. This significant acquisition comes amid a strong bullish surge in XRP, which recently surpassed the $2 mark and is now eyeing the $3 threshold.…
Neo is launching an experimental AI agent on the Neo X EVM sidechain and invites users to outwit its puzzle-solving mechanisms to compete for a piece of a US $30,000 prize pool. The AI agent is designed to protect the pool of GAS, and it’s the player’s job to convince it to part ways with the funds. The game launches at 12:00 pm (UTC) on Jan. 9 and concludes on Jan. 14. The Escape the Matrix AI agent will feature puzzle-solving mechanics, AI-assisted multi-layer encryption verification, automated tasks, and asset distribution. Neo’s AI agent is modeled after Freysa.AI, an agent…
If you’ve been following Bitcoin’s rise, South Korea’s latest move might surprise you. While the US plans bold steps with Bitcoin, it is holding back. The Financial Services Commission (FSC) has ruled out creating a national Bitcoin reserve. Their reason? It’s all about caution, investor safety, and keeping things stable. Cautious Move by South Korea Kim Byung-hwan, the FSC Chairman, has made it clear. South Korea will wait before diving into Bitcoin reserves. They want to see how other countries, especially the US under Donald Trump, handle crypto. For now, the country is choosing safety over technological advancement. Crypto trading…
Virtuals Protocol, a decentralized platform that allows users to create, own, and monetize AI agents across various virtual environments, is seeing over 1,000 tokens being created every day. AI Agent tokens created on the platform now hold an overall market cap of more than $1.8 billion, according to CoinGecko. Are AI Agent Tokens the New Meme Coins? According to Dune data, more than 21,000 AI Agent tokens were created on Virtuals Protocol in November alone. Tokens like AIXBT and LUNA surged over 300% within days of launch. The platform’s popularity also drove its native token, VIRTUAL, to an all-time high…
FMCPAY has announced its strategic partnership with RUNERA to reshape the blockchain-based landscape. This groundbreaking collaboration aims to transform gaming and AI applications on Bitcoin’s Layer 2. FMCPAY, a fast merchant crypto payment system, has announced its groundbreaking alliance via its official X account. The other partner, RUNERA, is an innovative protocol that merges gaming with AI on Bitcoin’s Layer 2. This protocol seamlessly utilizes the BRC-20 standard. 🤝 FMCPAY x RUNERA Partnership Announced 🤝🎉 Thrilled to team up with @Runera_io, a groundbreaking protocol combining Gaming & AI on Bitcoin’s Layer 2 with BRC-20!✨ Highlights:– BTC Gas Fees for stability.–…