Author: NBTC
Popular cryptocurrency XRP recently saw a strange but significant development in the Korean crypto investment landscape. Today, three of the largest crypto exchanges in South Korea – Coinone, Upbit and Bithumb – suddenly announced that XRP had just been renamed. Actually, XRP is now the new name for the cryptocurrency that most of the crypto market used to call it. However, it seems that for the South Korean market, it was not XRP but Ripple coin until the recent change. It is understandable why people often confuse Ripple and XRP. The XRP token was originally called “Ripple,” and the San…
Ahead of his confirmation hearing in front of the U.S. Senate Banking Committee tomorrow, Paul Atkins — President Donald Trump’s pick to lead the U.S. Securities and Exchange Commission (SEC) — disclosed having up to $6 million in crypto-related assets, prompting Sen. Elizabeth Warren (D-Mass.) to cry foul. In a Sunday letter to Atkins, Warren stressed that the former SEC commissioner’s background as a consultant and lobbyist for the financial industry could create “significant conflicts of interest” if he is confirmed. “You also have served as an expert witness hired by Wall Street firms accused of engaging in Ponzi schemes…
Ethereum price today: $1,930 Ethereum developers tentatively scheduled the Pectra mainnet upgrade for April 30 in the latest ACDC call. Whales have stepped up their buying pressure in hopes of a price uptick upon Pectra going live on mainnet. ETH could face strong bearish pressure if its technical indicators confirm a breakdown signal. Ethereum (ETH) has seen immense buying from whales on Thursday following core developers fixing April 30 as a tentative date for the Pectra upgrade to go live on mainnet. Ethereum whales increase buying pressure ahead of Pectra mainnet upgrade In its latest All Core Developers Consensus (ACDC)…
Wirex, a popular Web3 money app, announced the launch of its hotel booking platform, Wirex Travel. The service offers travelers up to 65% off hotel prices and 8% cash back for payments made with a Wirex card. With this move, Wirex challenges Binance-backed Travala, which has been dominating the crypto-based travel booking market since 2020. A New Player in the Crypto Travel Booking Market Wirex has been expanding its offerings over the years. It has long provided users with benefits such as zero foreign exchange fees, interbank exchange rates, and crypto rewards. Now, the project is entering the crypto-based travel-booking…
The market capitalization of tokenized gold climbed to a record $1.4 billion in March with trading volumes soaring to yearly highs, CoinDesk Data’s monthly stablecoin report shows. The growth in market value and activity happened alongside the physical yellow metal’s rally to fresh all-time highs above $3,000 per ounce. Tether’s gold-backed token (XAUT) and Paxos’ PAXG dominate among the offerings, with market capitalizations of $749 million and $653 million, respectively. The trading volume with gold tokens surpassed $1.6 billion through the month, the highest level in more than a year, according to the report. Gold-backed tokens’ market capitalization and trading…
Amid the growing push for consolidation in the broader crypto ecosystem, an unusual Shiba Inu whale transaction was flagged on-chain. Per data from Whale Alert, 3,368,549,976,020 SHIB were shifted on-chain in just one minute. Valued at $51,151,431, this marks one of the most significant single whale transactions since the start of the year. Shiba Inu whale transaction and SHIB price boost Large transactions worth at least $100,000 are seen every day in the Shiba Inu ecosystem. However, their frequency often differs. This latest whale transaction, per Whale Alert, moved between two anonymous wallets, showing how tedious it is to guess…
IRS will introduce Form 1099-DA for tokenized stocks and bonds starting in 2025. Brokers can use either Form 1099-B or 1099-DA during the transition until 2026. The new form aims to improve tax compliance and monitoring of tokenized securities. According to the most recent tax guidance from the Internal Revenue Service (IRS), extensive changes to the reporting of digital assets tax are expected from as early as 2025. More particularly, the agency is shifting tokenized stocks and bonds on option sales and other such transactions from the previously used Form 1099-B to the new Form 1099-DA. This form brings a…
Ecoinometrics highlights yet another significant Bitcoin ETF feat. In the year since the launch of spot Bitcoin ETFs, it has been hard to keep track of the milestones, and they are showing no signs of slowing. In the latest instance, a leading crypto research firm has highlighted that the products feature in yet another key list showcasing the growth of the premier crypto asset. Bitcoin in the Top 100 Ecoinometrics has highlighted yet another significant Bitcoin ETF feat. In an X post on Thursday, February 6, the platform disclosed that three Bitcoin ETFs now rank among the top 100 ETFs…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A tech fund portfolio manager at T. Rowe Price is keeping an eye on crypto, noting that the benefit of stablecoins is bringing more attention to the space. Dominic Rizzo, who leads the financial giant’s global technology equity strategy, called stablecoins “the most obvious use case for crypto” at the Exchange ETF conference Tuesday. They clearly have “big, big potential,” he added. The comments may prove timely, given the stablecoin headlines we’ve seen over the past week. We heard about World Liberty Financial’s USD1and that Fidelity…
Cryptocurrency analyst and trader Ali Martinez has unveiled on-chain data showing that over the past few days, whales have wiped a staggering half a billion XRP off the cryptocurrency market. During that time, top 10 cryptocurrency XRP saw a massive 13% decline, letting whales buy the dip. 520 million XRP scooped up in just days In a recently published tweet, the cryptocurrency analyst mentioned above revealed that as the fourth largest digital coin, XRP, dropped approximately 13.45% between Feb. 4 and 6, whales’ activity saw an abrupt increase, and they accumulated roughly 520,000,000 XRP on that substantial price dip. This…