Author: NBTC
Flow Traders, a multi-asset class liquidity provider and publicly traded trading platform, has joined the solver network supporting multichain token swaps. Wormhole announced on Oct. 30 that Flow Traders had joined as a solver and will support the interoperability platform’s recently launched cross-chain transactions feature, Composable Intents. Flow Traders joins Wormhole’s (W) solver network that includes Google Cloud and AMD. You might also like: MANTRA Chain adds Google Cloud as primary validator Wormhole’s “solvers” ensure cross-chain transfer requests are filled in real time, providing users with the best rates for their transactions. The addition of Flow Traders to the network…
A widely followed crypto analyst is predicting that Bitcoin (BTC) could fall further before mounting a comeback. Crypto trader Michaël van de Poppe tells his 723,600 followers on the social media platform X that BTC could drop to $54,000 before hitting the reversal. “The lower timeframe picture on Bitcoin is highly boring. Took the liquidity above $58,200 and dropped back. Most likely, we’ll take the liquidity lower at $54,000 and then reverse back up, but it’s event week. Crucial levels: $56,000 / $58,200. Either will provide direction.” Source: Michaël van de Poppe/X According to Van de Poppe, there are “important”…
Prominent crypto exchange Coinbase classifies XRP (XRP) and Shiba Inu (SHIB) as currencies, emphasizing that they are designed to function as money. According to Coinbase’s designation, Shiba Inu and XRP are currencies “specifically designed to function as money or store of value.” Coinbase Currencies category This comes amid debate within the XRP community regarding the token’s regulatory status. As reported earlier, Abdullah Nassif, the host of the Good Morning Crypto podcast, asked whether XRP is now officially recognized as a currency. He made the inquiry while reacting to comments from Wall Street analyst Linda P. Jones, who stated that a…
A genre-twisting revival of SNK’s classic Samurai Shodown fighting game franchise will be launching on the upcoming SuiPlay0x1 gaming device, the creators of the Sui blockchain, Mysten Labs, announced on Wednesday. The crypto handheld console aims to rival Valve’s Steam Deck by playing PC and crypto games, and is set for release in 2025. Samurai Shodown was first launched in 1993 and spawned numerous fighting game entries, with a 2019 reboot more recently renewing the franchise in the minds of gamers. Now with Samurai Showdown R, the series has shifted into a mobile massively multiplayer online role-playing game (MMORPG). This…
Crypto exchange Bitrue has received approval as a Virtual Asset Service Provider in Lithuania, enabling it to offer crypto exchange and custody services. Singapore-based crypto exchange’s Lithuanian branch has been granted approval as a Virtual Asset Service Provider, allowing the company to offer crypto exchange and custody wallet services, the company announced in a Monday press release. The registration was granted by Lithuania’s Financial Crime Investigation Service, known as the Finansinių nusikaltimų tyrimo tarnyba. Bitrue stated that the approval underscores its commitment to regulatory compliance and anti-money laundering standards. “Regulation is a vital component towards the development and legitimization of…
Bitcoin mining company Riot stocks are predicted to make a comeback after experiencing a 28.96% decline in year-to-date. Its shares are on an upward trend in anticipation of the company’s Q3 2024 earnings report on Oct. 30. According to data from Trading View, Riot’s stocks are on the rise at nearly 3% in the past day. The Bitcoin (BTC) mining company is expected to release its third quarter 2024 earnings on Oct. 30 after markets close at 4:00 PM EST. Riot Platform’s shares have been experiencing a year-to-date decline of 28.96%. Although, its stock price has seen a rise of…
In the recent Ripple Swell Conference, Dan Morehead, CEO of Pantera Capital, sat down with Ripple CEO Brad Garlinghouse and addressed the dual nature of hyper and hope within the blockchain industry. Dan Morehead’s Insights on Blockchain Technology According to Dan Morehead, even though Blockchain technology can have a vast number of utilities, it is currently overhyped. People are yet to understand that even though the technology can have many utilities, it might take another 10-20 years in order to reach its full potential. This highlights the long-term nature of blockchain technology. Morehead acknowledged the excitement within the industry but…
Cryptocurrency analytics firm CryptoQuant suggests that Bitcoin’s March 2024 all-time high is not the market’s final peak. Based on on-chain data, analysts believe that the March peak could be an “initial peak” rather than the final peak of the current bull cycle. According to analysts, a key metric supporting this assessment is Binary Coin Days Destroyed (CDD), which tracks the activity of long-term BTC holders. While there is a noticeable profit-taking by these investors around March 2024, Binary CDD has yet to reach the critical “red zone” that typically signals the end of a bull market. Historically, this level has…
Grayscale’s XRP Trust has achieved an 11.44% NAV growth since its launch, highlighting increasing institutional interest in XRP. In a recent post on X, popular crypto pundit Moses brought to public notice that the net asset value (NAV) of the XRP Trust by Grayscale had surged to $11.77, stressing that it signals strong momentum. Commenters to the post shared a similar sentiment, noting the growth reflecting expanding institutional interest in XRP. Grayscale XRP Trust Sees 11.44% Growth Since Launch Indeed, the trust’s NAV per share has been on the rise since launching last week. At the end of business on…
Ripple co-founder Chris Larsen offered a scathing criticism of U.S. Securities and Exchange Commission Chair Gary Gensler in a recent interview with CNBC, arguing that he is the worst public servant of all time. “I think Gary Gensler has been the worst public servant that we’ve ever had in this country,” he said. Larsen was named as an individual defendant alongside CEO Brad Garlinghouse in the SEC lawsuit that was originally filed in late 2020. The duo was accused of aiding and abetting the alleged securities law violations committed by the enterprise blockchain company. In October 2023, the agency moved…