Author: NBTC
The XRP Ledger’s recent move to reduce its base reserve requirements promises to make the cryptocurrency more accessible to users, significantly lowering the barriers to entry. This reduction allows users to maintain active wallets with just 1 XRP, fostering potential growth in network participation and user engagement. According to the announcement by the validator operator Vet, “This change aims to streamline user onboarding and enhance the overall XRP ecosystem.” XRP Ledger slashes reserve requirements from 10 to 1 XRP, paving the way for easier wallet funding and increased user engagement in the crypto sphere. XRP Ledger Reduces Base Reserve Requirements…
In a recent post on X, pro-XRP lawyer John E. Deaton voiced his concerns over the pervasive influence of substantial monetary contributions in American politics. His focus has been on the particular role of crypto donations. The crypto advocate’s post was a direct response to Elon Musk’s tweet, where the former called the awarding of the Presidential Medal of Freedom to George Soros a “travesty.” According to an X post from Bachata CEO Mario Nawfal, a nonprofit backed by billionaire George Soros injected millions into various organizations. His money funded several initiatives in the United States. And Soros was just…
Traditional remittance giants like Western Union and MoneyGram are struggling to keep pace in an evolving financial ecosystem increasingly shaped by stablecoins. According to Matthew Sigel, Head of Digital Assets Research at VanEck, downloads of remittance giants apps have dropped significantly, with Western Union seeing a 22% decline and MoneyGram experiencing a 27% reduction. Meanwhile, this drop isn’t limited to app downloads. The number of monthly active users (MAU) engaging these platforms has remained under 3 million since 2021. From January to November 2024, these platforms have faced steady declines in user activity, signaling a shift in consumer behavior. The…
The recent fluctuations in Bitcoin’s price have sparked discussions about the resilience of altcoins in the current market climate. With Bitcoin’s dominance receding, altcoins are starting to emerge as potential ‘safe havens’ even as they remain tethered to Bitcoin’s volatility. According to a source from COINOTAG, “Altcoins are showing signs of evolution but remain influenced by Bitcoin’s price movements.” Explore the evolving dynamics of Bitcoin and altcoins in a volatile market landscape, emphasizing their unique strengths and dependencies. Understanding Bitcoin’s Influence on Altcoins Bitcoin, long regarded as the titan of the cryptocurrency market, significantly impacts altcoin performance. The recent shifts…
Whale wallets are offloading a part of their DeFi token holdings, as the entire sector is unwinding from a recent all-time high. DeFi tokens peaked in total market capitalization, leading to a round of profit-taking. Whales are taking profits from DeFi tokens, trying to lock in the gains of what looked like a short-term altcoin market. The profit-taking originates from individual wallets but reflects a trend for the whole sector. DeFi tokens as a whole reached a new peak in 2024, driven by the growth of Aave (AAVE) and other platform tokens. According to data from DeFiLlama, DeFi expanded its…
The official X account of the layer-2 blockchain Shibarium @ShibariumNet spreads the word about launching major upgrades for the Shibarium mainnet. Heimdall and Bor hardforks upgraded The tweet revealed that the upgrade includes the recent updates on the Heimdall and Bor hardforks, as well as a new contract for burning SHIB meme coins. According to the post, the current upgrade makes the Shibarium mainnet compatible with Ethereum’s Dencun hardfork and the features that it brought to the second largest blockchain platform. The guidance documents published by the team recommend to first run the Heimdall upgrade and then move on to…
With the January 15 deadline for the US SEC to file an appeal brief fast approaching, a notable legal expert thinks the regulator will pursue the course. The US Securities and Exchange Commission (SEC) surprised the crypto community when it appealed Judge Analisa Torres’ August 7 final ruling in its case with Ripple. The securities watchdog filed an appeal notice on October 2 and a Form C providing the details 15 days later. Following the Form C, the SEC had about 91 days to file its main brief on the reopened case. According to reports, the agency requested in late…
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Kyber Network, a prominent multi-chain crypto trading and liquidity hub, has announced the exclusive launch of ‘Kyber Earn’. This launch aims to transform the interaction between DeFi Liquidity protocols and the users. The complexities of DeFi are simplified by this new advancement. This interface creates a more accessible and profitable DeFi for both seasoned traders and newcomers. After months of hard work, we’re beyond excited to unveil Kyber Earn—a game-changing way to interact with your DeFi Liquidity Protocols! 🎉From one intuitive interface, you can:✅ Access multiple Major DeFi liquidity Protocols effortlessly✅ Check & Earn real-time APR from… pic.twitter.com/GnyZhr2vvC — Kyber…
The trading volume of popular cryptocurrency XRP on the leading U.S. crypto exchange over the past 24 hours has temporarily exceeded the combined turnover of Bitcoin (BTC) and Ethereum (ETH) today. According to data presented on CoinMarketCap, the turnover of XRP on Coinbase during the period in question amounted to almost $2 billion, while the trading volume of BTC and ETH amounted to no more than $1.9 billion, of which the main cryptocurrency was responsible for almost 79%. Therefore, the dominance of XRP in terms of volume on the largest exchange in the U.S. at one point amounted to more…