Author: NBTC
XRP was excluded from Hong Kong’s approved crypto list, causing a 12% price drop. Regulators may have avoided XRP due to Ripple’s ongoing legal battles with the SEC. Hong Kong enforces strict crypto regulations, limiting approved assets to a few major tokens. Ripple’s XRP is once again making headlines, but this time for an unexpected reason. Hong Kong’s Securities and Futures Commission (SFC) recently released its list of approved cryptocurrencies for trading, and XRP is nowhere to be found. While Bitcoin, Ethereum, Avalanche, and Chainlink made it into the listing, XRP’s absence has sparked concerns, leading to a sharp 12%…
German data infra company deltaDAO has launched a blockchain-based platform designed to streamline AI and data-sharing while ensuring privacy and control. DeltaDAO, a German data infrastructure company, has launched the so-called Pontus-X, a platform powered by the Oasis Network blockchain aimed at making AI and data-sharing easier across Europe, with over 180 institutions already on board, including Airbus and T-Systems. In a press release shared with crypto.news, deltaDAO mentioned that at Hannover Messe in Germany, visitors can “experience live demonstrations of the ecosystem’s capabilities.” Experts are also hosting sessions on “managed identity wallets, data and digital service monetization and sovereign…
Bitcoin enthusiasts have long touted the creation of a strategic Bitcoin reserve as a hedge against inflation that can reduce the national debt and reinforce the United States’ position as a global financial leader. Its implementation could also unleash several damaging effects on the US economy, with consequences rippling across the globe. BeInCrypto spoke with Haider Radique, the Chief Marketing Officer at OKX Exchange, to break down the risks of creating a strategic Bitcoin reserve. Strategic Bitcoin Reserves Grow in Popularity The concept of a strategic Bitcoin reserve has gained notable popularity over the years, both in the United States…
USDD, a decentralized stablecoin on the TRON ecosystem has surpasses the $100 million mark in total supply within the first three days of its launch. Justin Sun, the founder of TRON, posted on X celebrating this milestone. Sun also pointed out that this milestone was achieved without any support from exchanges but was achieved from relying solely on on-chain traffic. USDD Surpasses $100M in Total Supply A New Era for USDD Justin Sun while he celebrates this achievement, he made another post where he welcomed big and influential firms to collaborate with the project. He even put out rewards for…
Hashgraph, the blockchain development firm focusing on the Hedera (HBAR) network, is building a private, permissioned blockchain for enterprises in highly regulated industries with plans to debut in the third quarter of 2025. HashSphere, built with Hedera’s technology, aims to bridge private and public distributed ledgers, ensuring compliance with regulations while maintaining interoperability, the company said Monday. Hashgraph is looking to provide services to asset managers, banks and payment providers seeking secure, low-cost cross-border transactions with stablecoins. While public blockchains offer security and transparency, enterprises in industries like finance and payments often face compliance challenges, particularly with know your customer…
Bitcoin stabilizes above $96K, signaling a potential breakout. Can BTC rally back to the $103K supply zone? As Bitcoin stabilizes above the $96,000 mark, an intraday reversal hints at a strong bullish comeback. Furthermore, speculations in the crypto market suggest a strong bullish rally as fear gradually fizzles out. Will this breakout rally propel Bitcoin to its $103k? Let’s find out. Bitcoin Price Action and Key Support Levels In the 4-hour chart, the BTC price trend finally ends the streak of lower-low formations as it takes support at the 38.2% Fibonacci level at $96,700. With this lower price rejection, a…
Solana’s on-chain GDP, or the collected fees of all apps, reached a peak in Q4, 2024. The growth was driven by Pump.fun and bots, with traffic flowing into the top DEX. Solana achieved peak on-chain GDP in 2024, based on the fees for its top apps. The chain attracted more activity through meme token launches, both from Pump.fun and from outside projects. As a result, Solana’s on-chain GDP rose to a total of $840M in the last quarter of 2024. For Q3, the chain attracted $268M in revenues. Solana’s validators are heavily subsidized to support this kind of traffic, and…
Optimistic Rollups remain a crucial scaling solution for layer one blockchains, despite the recent hype around newer technologies. Industry experts, including Cartesi co-founder Felipe Argento, emphasize optimistic rollups’ continued dominance in the layer-two (L2) landscape. Optimistic Rollups Fundamental to Multi-Layer Blockchain Infrastructure Optimistic Rollups (OR), once hailed as a revolutionary scaling solution for layer one (L1) blockchains, have seen their spotlight somewhat dim in recent months. However, according to industry experts, their significance remains paramount, with data backing their continued dominance in the layer two (L2) ecosystem. Felipe Argento, Co-Founder of Cartesi, a platform focusing on application-specific rollups, emphasizes the…
On Wednesday, centralized exchanges registered a net outflow of over 17,000 BTC, worth more than $1.6 billion at the going market price of $98,600, according to Glassnode data shared by Andrew Dragosch, head of research Bitwise. That’s the biggest single-day exodus of coins since April 2024. “Whales are buying this dip,” Dragosch said on X, referring to the large outflow of coins. Investors typically take direct custody of coins when planning to hold them for the long term. Hence, a large outflow of exchanges is taken to represent bullish sentiment. Note that blockchain data, though widely used to assess market…
This is a segment from the Empire newsletter. To read full editions, subscribe. Here’s a Tuesday morning exclusive for you: Chronicle raised $12 million in seed funding. The round was led by Strobe (which used to be known as Blocktower Venture Capital) with participation from Brevan Howard, 6th Man Ventures and more. Chronicle is the first oracle on Ethereum, and it’s headed up by a group — including founder Niklas Kunkel — who were part of the founding team at MakerDAO (now Sky). If you don’t know what an oracle is, Kunkel explains it as putting your phone on airplane…