Author: NBTC

XRP, one of the biggest cryptocurrencies, has celebrated its 12th birthday on June 2. On that day in 2012, Ripple Labs co-founder Arthur Britto submitted the lines code that had created 100 billion XRP tokens. It is worth noting that the earliest days of the XRP Ledger have been lost forever due to a critical bug. Hence, the XRP Ledger can be traced back only to December 2012 instead of its actual birthday. “We were still madly squashing bugs as these were early days. We reset the Ledger seq multiple times (for binary format changes) and transaction history was erased,”…

Messari CEO Ryan Selkis has issued a strongly-worded critique of the U.S. Securities and Exchange Commission (SEC), labeling its current leadership as corrupt and inefficient. Selkis’s extensive letter outlines his severe disapproval of the SEC, questioning its effectiveness and relevance in the modern technological landscape. His statements are a culmination of Messari’s contentious legal battle with the regulatory body. Contents hide 1 Why is the SEC Under Fire? 2 What Led to This Decision? 3 Key Inferences from Selkis’s Argument 4 What’s Next? Why is the SEC Under Fire? Selkis accuses the SEC of prioritizing its interests over its duty…

VanEck’s spot Bitcoin exchange-traded fund (ETF) experienced significant growth in the first quarter of 2024. According to VanEck Bitcoin Trust’s recent filing with the Securities and Exchange Commission (SEC), the HODL Bitcoin ETF saw an increase of $109 million in net asset for the first fiscal quarter of 2024, which concluded on March 31. Bitcoin ETF’s Gains and Ethereum ETF’s Anticipated Rejection The filing also indicated that HODL held 8,711 BTC, costing $515 million and valued at $619 million. The ETF also reported liabilities of $20 million and a net realized gain of $6 million. Additionally, the fund had 8.2…

Democrat Ro Khanna is hosting an exclusive crypto-focused roundtable in Washington this Wednesday, Fox Business journalist Eleanor Terrett reiterated in a recent post. The event will feature several prominent figures, including billionaire entrepreneur Mark Cuban, Ripple CEO Brad Garlinghouse, and SkyBridge Capital founder Anthony Scaramucci, Terrett reported in a separate post. Cuban is a vocal advocate for crypto and the crypto industry. He believes clear crypto regulations from Congress before the 2024 US presidential election could help secure another term for President Biden, as crypto voters will be an influential factor. The billionaire has criticized the SEC’s current enforcement approach…

Bitcoin price managed to stay above the $60,000 support. BTC recovered and is now facing hurdles near the $63,500 resistance zone. Bitcoin seems to be trading in a range between $60,000 and $63,500. The price is trading above $61,800 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $61,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally if it clears $63,500 or might revisit the range support at $60,000. Bitcoin Price Trims Gains Bitcoin price extended its decline below the $60,800…

Once heralded as proof that Ethereum NFTs have utilities beyond speculative trading, Eric Wall is closing down his Orb Land project. The project has been inactive for over a month. Orbs were supposed to be ‘NFTs with actual utility,’ according to Wall. In reality, almost no one used his sophistic proof-of-concept. On April 10, 2023, Wall created his orb. It is now discontinued. “Thank you to everyone who participated,” he glibly signed off. The whole project spawned a mere five orbs by crypto celebrities Wall, Nic Carter, Justin Drake, Tarun Chitra, and Zaki Manian. Even their combined follower count of…

Orbs has integrated its Liquidity Hub with the well-known automated market maker SpookySwap extending its reach to Fantom. As a result, liquidity providers will be encouraged to provide Fantom users with an improved on-chain trading experience. Users of SpookySwap can now access deeper liquidity from a variety of on-chain protocols on Fantom thanks to the launch of the Liquidity Hub. Pricing and user experience are greatly enhanced by this integration, which makes use of Orbs’ cutting-edge layer-3 (L3) technology. Liquidity Hub goes live on @SpookySwap! 🎉Continuing to build with frens old and new, Spooky becomes the first project on @FantomFDN…

John E. Deaton, a well-known crypto advocate, has recently supported Bitcoin. In his recent interview that Anthony Scaramucci (a famous entrepreneur) conducted, Deaton reacted to the anti-crypto stance of US Senator Elizabeth Warren. He took to his official X account to reveal his discussion on this topic in a recent podcast. During his podcast, @Scaramucci asked what’s the first word that comes to my mind when I hear: #Bitcoin?My answer: FREEDOMMy entire life has been centered around a core concept of freedom: SELF-DETERMINATION. The America I grew up in, and the America I joined the Marine… https://t.co/1Ux1dnZRKY pic.twitter.com/2jQoKlZCxq — John…

Bitcoin’s funding rate is increasing on exchanges such as DyDx and Deribit. This surge has raised concerns among market observers and traders, particularly those with a bullish outlook on the cryptocurrency market. 📊 #Bitcoin’s funding rate is rising on exchanges like #DyDx and #Deribit. To avoid history repeating itself after last week’s top, those #bullish on #crypto want to see $BTC #FOMO staying low, with #shorts opening at the same (or higher) rate than longs. https://t.co/xlipAPHZPL pic.twitter.com/oD2qglaWvb — Santiment (@santimentfeed) May 13, 2024 To avoid a repeat of last week’s peak, bullish traders are hoping to see FOMO (Fear of…

As memecoins take the market by storm amid a fresh frenzy, one token seeing some slight dip is JasmyCoin (JASMY). JASMY dips as DWF Labs sents coins to exchange JasmyCoin’s price soared over the past three days, reaching highs of $0.04 on June 2. However, the token’s value has slipped to $0.034 as latest on-chain data indicates a leading crypto market maker has deposited a huge amount of JASMY to Binance. According to Spot on Chain, DWF Labs has deposited millions of JASMY tokens on exchanges in the past three days. In particular, DWF Labs’s cumulative deposits to Binance over…