Author: NBTC
According to Dan Gambardello, a cryptocurrency analyst, the crypto market is entering a critical phase. Citing six and a half years of technical analysis data volume, Gambardello contends that the crypto market will experience significant volatility within the next two months. As far as crypto cycles go, we’re entering a critical time for me personally.Altcoins should soon be getting ready to make their move and BTC dominance should begin falling, in between now & August.Around 6.5 years of technical analysis & studying cycles comes down to this! pic.twitter.com/vZeFkRA4dW — Dan Gambardello (@cryptorecruitr) May 27, 2024 Gambardello predicts an imminent altcoin…
Ripple CEO Brad Garlinghouse has announced the name of the company’s upcoming stablecoin at the XRP Ledger Community Summit (XRPL Apex) in Amsterdam. During a panel discussion, Garlinghouse stated: “The name of the Ripple stablecoin [is] RLUSD; I like to call it Real USD or Ripple USD.” While Garlinghouse did not disclose the launch date, he expressed enthusiasm about the project, noting that it complements the broader XRP ecosystem. The RLUSD will be a dollar-pegged stablecoin available on the XRP Ledger and Ethereum. This announcement follows Ripple’s recent appointment of Jack McDonald, CEO of its newly acquired Standard Custody, as…
Hong Kong will introduce a licensing system for crypto-fiat exchanges in the short-term, revealed OSL group CFO. The capital city aims to become the leading hub in Asia for the virtual assets market. Hong Kong has drawn market attention in the past few months with its progress toward digital asset adoption. Currently, the impending agenda in the nation is the introduction of a licensing system for crypto-fiat exchanges. The CFO of OSL Group, a leading crypto exchange in the Chinese capital, discussed the licensing system and other regulations in the nation. The CFO, Davin Chunpong Wu, stated that the country…
American health technology company Semler Scientific announced that it purchased 581 Bitcoins for a total of $40 million. According to Prnewswire, the company also stated that it started accepting Bitcoin as a reserve asset. Eric Semler, president of Semler Scientific, said in a statement: “Our adoption of Bitcoin as a reserve asset and purchase of BTC underscores our belief that Bitcoin is a reliable store of value and an attractive investment. Bitcoin is now a major asset class with a market capitalization of more than $1 trillion. We believe it has unique properties as a scarce and finite asset that…
Liquid restaking protocol Renzo shared Tuesday that it has raised $17 million in a funding round, according to a press release shared exclusively with CoinDesk. The fresh capital, which took place over two rounds, was led by Galaxy Ventures in the first round and by Brevan Howard Digital Nova Fund in the second. Funds will be used towards expanding the project’s restaking services, including adding support for ERC-20 tokens. Renzo is part of a new class of “restaking” protocols built on EigenLayer, which takes users’ ether (ETH) tokens, deposited or “staked” as security on the Ethereum blockchain, and then repurposes…
Solana Labs, the company that initially developed Solana, has launched a technology stack and “white-glove service” for businesses looking to launch customer loyalty programs on the blockchain. The platform, called Bond, is the third Solana Labs-developed product to hit the market, joining GameShift, which helps game developers create Web3 games, and Solana Mobile, which is currently accepting pre-orders for a second iteration of its Solana-integrated mobile phone. Bond’s website highlights digital collectibles and “product passports” as blockchain-enabled features of the service. And perhaps in a nod to the memecoin craze driving Solana’s recent usage spike, the site throws in as…
Crypto.com expands its support for Shiba Inu by allowing its users to fund their Visa Cards with SHIB. Crypto.com recently emailed customers to inform them about the development. The exchange also tweeted about the move, stating that users can now fund their Visa Cards with SHIB. Besides Shiba Inu, Crypto.com also supports more than 100 cryptocurrencies for the service, including Bitcoin (BTC) and Ethereum (ETH). 100+ tokens now supported to make it easier to fund your https://t.co/vCNztATkNg @Visa Card 💳 Now including meme coins like $SHIB, $PEPE, $FLOKI, and $WIF! Fund your Card now: https://t.co/AaE1nq6C8N pic.twitter.com/i8XK6Duulq — Crypto.com (@cryptocom) June…
Key Points: David Bailey discussed Bitcoin as a debt solution with Trump. Bailey’s actions are to support Bitcoin, not endorse Trump. “Can Bitcoin Solve US Debt?” was a question asked by Trump, according to David Bailey, CEO of Bitcoin Magazine, triggering discussions in the crypto space. David Bailey, chief executive officer of Bitcoin Magazine and a cryptocurrency advisor to the Donald Trump campaign, stirred up interest with his recent disclosure. Can Bitcoin Solve US Debt problem? During an online space on X (formerly Twitter), he said Trump had asked whether Bitcoin could help solve the staggering U.S. national debt, which…
Iran’s central bank is set to launch a pilot for its digital rial enabling cashless transactions for banking customers. The Central Bank of Iran (CBI), also known as Bank Markazi, has announced the operational phase of its digital currency known as digital rial in a bid to modernize and simplify domestic transactions. In a press release seen by crypto.news, the central bank says the pilot is slated for July, allowing banking customers and tourists on Kish Island to make purchases and transfer funds using digital wallets and QR codes. CBI says the digital rial will enhance the resilience and efficiency…
OKX’s native token, OKB, may possibly see a decline in its value. According to Blockchain analytics platform Spot On Chain, OKB tokens were sent to the wallet used by OKX for its token burn events. In an approved transaction, over $259 million worth of OKB tokens were transferred. Discover the potential implications of OKX’s latest token burn and its impact on OKB’s market value. Massive Token Transfer to Burn Wallet Earlier today, 5.73 million OKB tokens, valued at an approximate $259 million, were moved to the wallet OKX utilizes for its buyback and burn program. This transaction marks the 24th…