Author: NBTC
Bloomberg has shared a 25-name list of the wealthiest families in 2024, showcasing familiar names like the Walton family and new entries such as Ofer and Thailand’s Chearavanont. The top family is reportedly valued at $406.5 billion, while the 25th name on the list has a wealth of $37.4 billion. According to Bloomberg’s list, The Walton family is at the forefront of the wealth rankings, with a staggering $172.7 billion boost in 2024, thanks to a surge in Walmart stock. The Waltons have a combined net worth of over $400 billion. Owning 46% of the retail giant, the family’s heirs…
Ripple executed another set of significant RLUSD transactions on Wednesday, October 16. The XRP firm moved $6 million worth of RLUSD tokens amid anticipation of the stablecoin’s launch later this year. Ripple’s Latest RLUSD Movement According to on-chain data, the company minted 4 million RLUSD tokens on the Ethereum network and promptly transferred them to an unidentified wallet. Earlier in the day, Ripple moved an additional 2 million RLUSD, bringing the total for the day to 6 million tokens. This follows another large transaction just a day before. On Tuesday, October 15, Ripple shifted a whopping 28 million RLUSD tokens…
There’s growing speculation that the SEC vs. Ripple case could be resolved under the President-elect Donald Trump’s administration. SEC’s current chair Gary Gensler is set to step down on January 20. Trump has nominated Paul Atkins, a cryptocurrency advocate, as the next chairman. The SEC claims Ripple violated securities laws by issuing XRP. Some of the XRP issuance was considered a security, while other parts were not. The SEC is appealing the ruling, and with a new SEC administration under Trump, there’s speculation on whether the case will be dropped. After Atkins takes office, many experts believe that the U.S.…
Vanar Chain has announced a huge partnership with Movement Labs, which means great progress in transforming the support of blockchain development. This partnership will seek to help blockchain builders who are usually faced with scarce funding and high project abandonment rates by offering one-stop support to the developers. 📢 PARTNERSHIP ALERT 📢We’re excited to announce a transformative partnership with @movementlabsxyz! Together, we’re tackling one of the biggest challenges in blockchain: empowering projects with the tools, resources, and connections they need to succeed!Dive in 🧵👇 or… pic.twitter.com/fKjSE1AU9R — Vanar (@Vanarchain) December 12, 2024 Empowering Builders for Success This partnership between Vanar…
Remixpoint’s latest Bitcoin purchase of $1.38 million boosts its total crypto holdings to a market value of $34.3 million, reflecting a profit of nearly $6.72 million. Japan‘s energy and automotive business consulting company Remixpoint has acquired an additional Bitcoin (BTC) for $1.38 million, bringing the total amount under its crypto investment portfolio to $27.59 million, Yahoo Japan reports. On Monday, Dec. 9, the company announced that it had completed the additional purchase of 13.24 BTC on Dec. 5 and Dec. 6, utilizing ¥213.9 million (approximately $1.38 million) of its planned ¥1.5 billion ($10.34 million) digital asset investment. The purchase price…
According to reports, Oddo BHF SCA is developing a euro-denominated stablecoin. The financial group, headquartered in Paris, anticipates that the token will be released next year, although it is subject to regulatory approval. The initiative will bring the company into an increasingly crowded market. Stablecoins’ low volatility has made them a popular choice among crypto traders who want to transmit funds between platforms or enter and exit positions. They have also become more beneficial for firms that wish to effectuate faster and more cost-effective digital payments and for investors who wish to trade and settle traditional assets like bonds using…
Despite XRP price stagnation recently, some market analysts maintain an optimistic outlook, suggesting the Ripple token could see a 1000x increase, pushing its value to $500. While ambitious, this target raises questions about the likelihood of such growth and the factors that could drive it. Is a 1000x Increase in XRP Price Even Feasible? A 1000x surge in XRP price could be realized if the broader crypto market sees substantial expansion. However, achieving $500 per XRP would result in a market capitalization of a whopping $28.3 trillion, based on the current supply of 56.65 billion coins. Such a figure far…
John E. Deaton, a vocal advocate for the crypto industry, has once again shared his views on the need for better regulation. He has often criticized SEC Chair Gary Gensler and his approach, which many see as stifling the growth of cryptocurrencies. This time, Deaton is highlighting a potential solution: merging the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission). One Crypto, One Rule! On Mornings with Maria, Perianne Boring discussed how having two separate agencies oversee financial markets creates confusion and inefficiency. Deaton agreed, explaining that combining the two agencies into one could clear up…
SEONGNAM, South Korea — LINE NEXT Inc., the Web3 innovation arm of LINE, and the Kaia DLT Foundation (Kaia) are set to debut a new era of decentralized applications with the launch of “Mini Dapps” and a dedicated Dapp Portal in Q1 2025. Users will be able to access both services directly through the LINE Messenger app, enhancing the accessibility of Web3 tools for millions.—A New Approach to Web3 AccessibilityThe launch of Mini Dapps comes as part of Kaia Wave, a program aimed at empowering global Web3 developers. From a competitive pool of over 800 applicants, 30 teams were selected…
Data suggests large institutions in the United States aggressively purchased BTC during the Bitcoin crash to the $94,000 mark. Over the past 24 hours, the crypto market has witnessed significant turbulence, as rapid market fluctuations have led to substantial losses. However, amid the chaos, a class of investors appears have doubled down on their convictions. While the crypto market was thrown into a brief panic as Bitcoin experienced a sharp decline from the $97,000 price point to near $94,000, data suggests that institutional investors were aggressively buying. US Institutions Leverage the Bitcoin Crash This is according to a December 10…