Author: NBTC
San Francisco-based crypto payment provider Ripple is reportedly accelerating preparations for its much-anticipated Ripple USD (RLUSD) stablecoin. Such a conclusion is drawn from the recent transfers that occurred using the token. In particular, four million RLUSD were transferred from the treasury to unknown XRP Ledger-based wallets. Despite the anonymity of the parties involved in the recent transfer activity with RLUSD, the community account XRPWallets deciphered all the ways in and out for Ripple USD and, as it seems, the shift took place between Ripple and such venues as Bitstamp and Kraken, two major U.S. cryptocurrency exchanges. Just over a day…
American investment management firm BlackRock has achieved a new milestone with its spot Bitcoin ETF product, the iShares Bitcoin Trust (IBIT). Per an update from Bloomberg Senior ETF Analyst Eric Balchunas, the Bitcoin ETF product has now surpassed $50 billion in Assets Under Management (AUM). BlackRock’s Bitcoin ETF journey Since the U.S. SEC approved 11 spot Bitcoin ETF products in January, IBIT has maintained the lead among its peers. Specifically, IBIT has shown outstanding inflows and retained performance. $IBIT is now over $50b. It took it 228 days to reach this milestone, the next fastest ETF to reach 50b was…
Chainlink, the oracle network bringing global finance on-chain, has announced the launch of an oracle solution it says will help decentralized finance protocols recapture maximal extractable value. The Chainlink Smart Value Recapture is a MEV solution that DeFi applications can tap into to recapture non-toxic maximal extractable value from Chainlink Price Feeds. According to an announcement by the Chainlink (LINK) team, the initial version of its SVR is an effort contributed to by Aave (AAVE) DAO contributors BGD Labs and Flashbots among others. Chainlink SVR’s initial focus is DeFi lending protocols, according to Chainlink. It’s one of the solutions looking…
Customers at JPMorgan Chase, Wells Fargo and Bank of America have collectively lost $870 million to scammers on Zelle in the last seven years, according to a powerful US bank regulator. The Consumer Financial Protection Bureau (CFPB) says it’s suing the three banking giants and Zelle’s parent firm for allegedly failing to protect people from widespread fraud on the popular payments network. The lawsuit, which has been anticipated for months, alleges hundreds of thousands of the banks’ customers filed fraud complaints and were largely denied assistance, with some being told to contact the fraudsters directly to get their money back.…
Shiba Inu (SHIB), the meme-inspired cryptocurrency that has captured the imaginations of retail investors worldwide, has seen astonishing price movements since its launch. If you invested $1,000 in SHIB at the start of 2021, you’d be sitting on an impressive windfall today. Let’s dive into the numbers, token supply dynamics, and the factors that could influence SHIB’s potential to reclaim its all-time high (ATH) price of $0.000069. The investment: $1,000 in SHIB on January 1, 2021 On January 1, 2021, Shiba Inu was trading at a microscopic $0.0000001684. With a $1,000 investment, you could have purchased approximately 5,936,073,059 SHIB tokens.…
Senator Ted Cruz wants Texas to be a global leader in cryptocurrency, seeing Bitcoin as a symbol of freedom. Ted supports crypto-friendly laws, runs mining rigs in West Texas, and opposes strict federal rules. With Texas already growing in crypto, Cruz believes it can lead the digital revolution. Senator Ted Cruz is one of the most passionate senators about Bitcoin and cryptocurrency. He wants Texas to be the center of crypto innovation, as he always expressed his vision wherever possible. Cruz views Bitcoin as more than just a currency or an asset he sees it as a symbol of freedom,…
Bitcoin makes history, as a six-figure BTC price is finally here. Yet, investors might wonder how far the king of cryptocurrencies can actually go. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart The daily chart shows that Bitcoin has finally broken through the 100K milestone today and is pushing toward the $105K level. With the market structure being so bullish, even a run toward the $120K area is possible in the short term. Meanwhile, the RSI has once again entered the overbought region, and the 200-day moving average is also far behind the price, currently trending near the $70K…
More than $100 trillion dollars will be handed down to heirs over the next couple of decades as the pace of the Great Wealth Transfer accelerates, according to a new report. The research firm Cerulli Associates says $105 trillion will be passed on to heirs by 2048, while charities will receive $18 trillion over the same period. Baby Boomers, the Silent Generation and other older generations will be the major benefactors. “Nearly $100 trillion will be transferred from Baby Boomers and older generations, representing 81% of all transfers. More than 50% of the overall total volume of transfers ($62 trillion)…
Leading crypto exchange Bitget integrates the Shiba Inu Layer-2 blockchain Shibarium into its Web3 wallet, boasting more than 40 million users. In an interesting development, Bitget has added Shibarium to the list of supported blockchains on the Bitget Wallet. The wallet’s team made the move without issuing an official announcement about the integration. Shibarium Not Yet Supported on Bitget Exchange However, Shibarium Update, in an X post yesterday, called the attention of Shiba Inu community members to the development. The channel attached a screenshot to the tweet, corroborating its claim that Shibarium is now supported on the Bitget Wallet. Furthermore,…
Popular investor, entrepreneur and book author Robert Kiyosaki known for his classic book on how to manage one’s finances “Rich Dad Poor Dad” has issued a celebratory tweet, congratulating the global crypto community and himself on Bitcoin making it above $100,000. Yay : BITCOIN breaks $100.000Congratulations everyone — Robert Kiyosaki (@theRealKiyosaki) December 5, 2024 Kiyosaki’s big Bitcoin predictions throughout 2024 that never happened Throughout this year, Kiyosaki, who many believe to be a financial guru, made bold predictions about when Bitcoin would overcome the $100,000 level. First, he predicted Bitcoin would skyrocket to $100,000 in September – he stated that…