Author: NBTC

XRPL Commons Unveils New Grants Initiative to Power the Next Generation of $XRP Ledger Builders XRPL Commons has unveiled a three-track grants program aimed at accelerating innovation across the $XRP Ledger (XRPL) ecosystem, strengthening support for open-source developers, startups, and established blockchain projects as the network enters its next phase of growth. According to the non-profit organization, the $XRP Ledger is moving beyond a centralized funding model toward an ecosystem where multiple independent organizations collectively back builders. More than $550 million has been invested in XRPL since 2017, with XRPL Commons emerging as a key contributor through developer education, incubation,…

Former U.S. Securities and Exchange Commission (SEC) official John Reed Stark has warned that the cryptocurrency industry faces a “ticking clock” due to rapid advances in quantum computing. Stark claimed that two recent developments should concern “every financial professional” and particularly long-term Bitcoin holders. According to the former SEC enforcement attorney, quantum computing progress could create significant future risks due to crypto’s integration into traditional finance. In his post, Start pointed to two recent events. The first involved IBM CEO Arvind Krishna, who recently told CNBC’s Jim Cramer that within “3-4 years, we should all be ‘rather paranoid'” about the…

$XRP is beginning to flip to the other side of the market after recovering from its prolonged correction that saw its price decline significantly. Following the heightened sell pressure seen over the last week, the amount of $XRP tokens available for sale on exchanges, especially Binance, has surged significantly. Over 2.6 billion $XRP now available on Binance Per data provided by crypto analytics platform CryptoQuant, the total number of $XRP tokens available for sale on the world’s largest crypto exchange, Binance, has reached 2.61 billion as of Saturday, August 8. The surge in the metric has come amid the growing…

Bitcoin mining pool OCEAN has acknowledged that a portion of its miners’ hash rate was unintentionally directed to the BIP-110 chain for approximately 18 hours, and the pool has committed to compensating affected users. The incident, which was first reported by Bitcoin News, has drawn sharp criticism from some miners who claim the pool effectively diverted customer hash rate to support the struggling BIP-110 chain without prior consent. What Happened and How OCEAN Is Responding OCEAN, known for its focus on transparent and decentralized mining practices, said the misdirection occurred due to a configuration error that caused the pool’s default…

Bitcoin price has erased losses triggered by a hotter-than-expected U.S. inflation report, rising above $63,000 after Donald Trump unveiled details of a potential peace deal involving Iran. According to market data, Bitcoin ($BTC) price rose from around $62,300 to as high as $63,700 on June 11 after Trump revealed that discussions with Iran had progressed and a potential peace agreement was nearing completion. At the time of writing, $BTC was trading near $63,446, up more than 2.8% from its intraday low. The rebound came after a volatile trading session that initially favored sellers. Earlier in the day, data from the…

Market fluctuations and tightening funding conditions in the cryptocurrency sector in 2026 led to the closure of numerous projects. More than 100 crypto projects have shut down since the beginning of the year, with some companies filing for bankruptcy or permanently ceasing operations. It is noted that this wave of liquidations is not limited to a specific area. Among the projects that have closed or gone bankrupt are cryptocurrency exchanges, wallet providers, decentralized finance (DeFi) lending protocols, NFT marketplaces, and Layer 1 blockchains. Data indicates that exits from the sector have accelerated recently. The current process is similar to the…

Cardano saw a significant drop in spot flows in a matter of hours as traders reacted to the ongoing decline in the market. The crypto market largely traded in the red on Friday, with most cryptocurrencies, especially in the top 100, posting losses between 1% and 11%. Cardano itself was down 4.60% in the last 24 hours to $0.166. Amid the drop, the spot flow metric, which depicts the capital moving into and out of spot markets across crypto exchanges, is flashing a signal that might be hard to ignore. Cardano spot flows dropped by 1,917.11% in four hours, with…

The People’s Bank of China’s Shanghai headquarters has reiterated its commitment to preventing and cracking down on risks associated with cryptocurrency trading and speculation, according to a report from The Paper. The central bank’s Shanghai branch outlined this as a key priority during its second-half work meeting for the year, signaling a continued regulatory focus on digital asset activities. Regulatory Stance and Key Measures During the meeting, the PBOC Shanghai branch emphasized the need to intensify efforts against illegal financial activities. This includes standardizing the online marketing of financial products by institutions under its jurisdiction and stepping up enforcement actions.…

A customer opens an exchange account, copies a string of numbers and follows a path through a Merkle tree. The page processes the request and returns a reassuring result: the customer’s balance was included in the exchange’s proof of reserves. The verification is most likely technically sound, establishing that the account appeared in a dataset and that the exchange controlled wallets that contained enough of a particular asset to cover the balances represented there. However, it can easily leave out whether every customer appears in that dataset, how much the exchange owes to lenders, whether the displayed coins have been…

Bitcoin attracted notable accumulation activity as large holders removed substantial amounts of $BTC from exchanges. As reported by Lookonchain, a whale withdrew 2,341 $BTC worth approximately $144.68 million from OKX over five days. In addition, three newly created wallets accumulated another 737.7 $BTC valued at roughly $45.6 million from BitGo. Combined, the purchases exceeded $190 million, highlighting renewed interest from deep-pocketed investors despite Bitcoin’s recent correction. The timing of these withdrawals attracted attention because they coincided with $BTC trading near multi-month lows. Rather than moving coins toward exchanges, these entities transferred holdings into private wallets. As a result, the activity…