Author: NBTC

X account Ripple Stablecoin Tracker, which monitors RLUSD transfers made by Ripple and various anonymous wallets, spreads the word that over the past 24 hours, almost 21 million Ripple USD stablecoins have been shoveled. It released the details of a dozen cryptocurrency transfers, each carrying at least a million RLUSD. 20.7 million RLUSD on the move The above-mentioned data source revealed twelve transactions showing that anonymous wallets have transferred chunks between 1 million and 3.5 million RLUSD to other unknown blockchain addresses. Overall, according to the RL Tracker, roughly 20.7 million RLUSD has been moved since last morning. The largest…

On January 3, 2024, it celebrates the sixteenth anniversary of Bitcoin, the cryptocurrency that has revolutionized the global financial system. This invention has challenged the traditional model, opening new perspectives for decentralized currencies and innovative technologies. Let’s see all the details in this article. From its birth to global recognition up to the anniversary: how Bitcoin has transformed the financial system The evolution of value and global adoption The challenges of the future From its birth to global recognition up to the anniversary: how Bitcoin has transformed the financial system It was January 3, 2009, when the first block of…

In the last 24 hours, Shiba Inu’s burn rate has surged by an astonishing 4,100%, with a total of 21,709,094 SHIB tokens permanently removed from circulation. According to the Shibburn X account, 21,709,094 SHIB were burned in the last 24 hours, marking a 4,100.35% surge in the daily burn rate. A single massive burn of 21,088,148 SHIB performed within the last 24 hours contributed to this. HOURLY SHIB UPDATE$SHIB Price: $0.00002372 (1hr -0.06% ▼ | 24hr -2.13% ▼ )Market Cap: $13,977,981,987 (-1.97% ▼)Total Supply: 589,257,014,659,157TOKENS BURNTPast 24Hrs: 21,709,094 (4100.35% ▲)Past 7 Days: 104,230,574 (86.58% ▲) — Shibburn (@shibburn) January 8,…

Bill Miller IV, a portfolio manager at Miller Value Partners, has predicted that China could be the driving force behind the next Bitcoin rally. This comes after the Financial Times reported that the People’s Bank of China would start cutting interest rates in order to shore up the country’s struggling economy. This, according to Miller, could be the catalyst that pushes the Bitcoin price substantially higher. As of now, the industry consensus appears to be that the U.S. potentially creating a strategic Bitcoin reserve could be the ultimate catalyst that the bulls need to outperform in 2025. Last month, he…

HyperLiquid, the layer-1 blockchain known for its derivatives exchange, has responded to criticism over an apparent lack of decentralization and issues around validators. The concerns were initially published by Kam Benbrik, an employee at ChorusOne which operates several nodes across different blockchains. Many of the issues stemmed from HyperLiquid using “closed-source code,” which Benbrik claims “jails” node operators. HyperLiquid also controls 81% of the staked HYPE and this portion of control has the potential to spur a series of negative outcomes. “If a single entity controls 1/3 of the stake, they can halt the chain. If they control 2/3 of…

Hedge fund titan Cliff Asness, founder of AQR Capital Management, reflects on the “costly mistakes” of investing in U.S. equities, private equity, and Bitcoin over the next decade. Asness presents his warning from a future perspective. He foresees the downfall of Bitcoin and paints a picture of institutional investors’ reckless plunge into the crypto market. Specifically, he offers a humorous yet sobering glimpse into the consequences of speculative bubbles. Critics View Bitcoin from a 2035 Perspective In the lengthy article, Asness paints the case of a firm’s hesitant dive into cryptocurrency. Initially dismissive of Bitcoin’s value and viewing it as…

Rowen Exchange proposes using XRP to repay the $38T U.S. debt by leveraging its value appreciation and strategic adoption. If enacted, the plan could transform XRP into a key national asset, driving global adoption and market legitimacy. In a confident move, Rowen Exchange stated that the United States could pay off its $38 trillion national debt within four years if it implements the framework outlined in its proposal. As discussed in a recent CNF update, key stakeholders, including tech leaders like Elon Musk and Peter Thiel, could influence XRP’s integration into mainstream financial systems, highlighting its transformative potential. The proposal…

Bitcoin advocate Joe Consorti has predicted a potential BTC value drop due to the US Dollar’s rising strength. In a post on X, Consorti explained that USD is at its strongest level in twenty-six months, which has historically been challenging for BTC. He said: “Incidentally, the last time USD had strengthened from this level on its way to the top, $BTC dropped 25% — $BTC has corrected 15% so far. Dollar strength may spill more $BTC blood before it gets better.” His view is not surprising, given that many in the crypto community have also noted the rising strength of…

Bitcoin bulls are reviving. The king of cryptos just reclaimed $98,000 for the first time in weeks after a weak year-end performance, with intraday prices ranging from a low of $96,016.63 to a high of $98,539.00. The correction was triggered by a hawkish interest rate cut from the Federal Reserve, along with a diss against Bitcoin itself. Fed chair Jerome Powell said he wanted nothing to do with crypto, and Bitcoin took that quite personally. Still, last year was one for the history books. Bitcoin came out as the best investment asset by far, outperforming quite literally everything else after…

In recent developments, Stellar (XLM) has surpassed Shiba Inu (SHIB) in the cryptocurrency market rankings. Stellar is ranked 15th among the top cryptocurrencies by market capitalization, with a market value of $13.15 billion, while Shiba Inu has dropped to 16th, with a current market valuation of $12.69 billion. Shiba Inu’s drop to 16th place comes amid an ongoing market sell-off that has sent SHIB prices down by up to 11%. Meme coins have been struck the hardest during the sell-off, which has resulted in the liquidation of $711 million in cryptocurrency assets. The meme coin market capitalization has dropped by…