Author: NBTC
Leading media outlet Bloomberg infuriates XRP community members with its description of the seventh-biggest cryptocurrency. In a recent article titled “Settlement Speculation Pushes XRP to Forefront of Crypto Rally,” Bloomberg characterized XRP as a “little-known cryptocurrency.” According to Bloomberg, speculations about a potential settlement in the ongoing lawsuit between the SEC and Ripple have put the XRP at the forefront of the crypto rally, with an astronomical price surge of 40% recorded over the past week. Notably, Bloomberg Crypto, the media outlet’s crypto arm, shared a link to the article on X. XRP Community Members React Despite Bloomberg highlighting XRP’s…
With the launch of the new Cronos Learn course, which is now accessible on the Revolut app, Cronos and Revolut are collaborating to spread cryptocurrency education. This initiative offers an interesting method to learn about Cronos, cryptocurrencies, and Web3 while streamlining and safeguarding the process of maintaining everyone’s cryptocurrency portfolio. The goal of the course is to provide consumers with a greater grasp of Cronos’ workings so they may comfortably start their cryptocurrency journey. Quizzes to assess recently acquired information and enhance learning are also included. Revolut is one of the biggest fintech companies in Europe, with over 35 million…
On the 27th of June, theETFs reportedly recorded more inflows. As per SpotOnChain, the famous on-chain analytics forum, the exchange-traded funds have added above $12 million worth of net inflows. The platform took to its official social media account to reveal the details of the respective inflows. Yesterday, the inflows were worth $21M. 🚨 $BTC #ETF Net Inflow June 27, 2024: +$12M!• The net inflow has been positive but small for 3 consecutive trading days.• #Grayscale (GBTC) experienced an outflow of $11.4M again after a day of inflow.• #Bitwise (BITB) had the largest inflow yesterday at $8M.•… pic.twitter.com/sy38iTjO0a — Spot…
Ethereum is currently priced at $3,374, with intraday fluctuations ranging from $3,253 to $3,395. Boasting a market capitalization of $407 billion and a 24-hour trade volume of $11.49 billion, ETH demonstrates significant market activity. Ethereum The hourly chart for ethereum (ETH) depicts a sharp decline followed by a steady recovery. After hitting a low of $3,198.6, a series of bullish upticks have pushed the price back towards $3,400. This suggests ongoing recovery efforts. Volume spikes during significant price movements highlight active trading during these volatile periods. However, recent movements near $3,400 indicate slight consolidation or resistance, signaling a potential pause…
Shiba Inu (SHIB) marketing lead LucieSHIB has hinted at a major Shibarium update surrounding the layer-2 protocol’s gaming ecosystem. The executive, quoting SHIB Games Lead Angel, clarified that all cards built on the Shiba Eternity platform are non-fungible tokens (NFTs) with defined use cases on Shibarium. Shibarium gaming evolution Shibarium has a lot of unharnessed potential; however, these are not completely utilized at the moment. The trend is changing as a lot of innovation is ongoing behind the scenes to bring out the best of the scaling solution. All cards ( from @shibaeternity ) are NFTs on the #Shibarium network,”…
Evertas and Nayms use a public blockchain to help coordinate between brokers, insurers and the insured. The partnership allows customers to pay in USDC or native crypto, or to place policies completely on-chain. Lloyd’s of London, the three-century-old insurance marketplace, is backing digital asset protection policies arranged on the public Ethereum blockchain that can be paid for natively, on-chain using cryptocurrency, courtesy of Lloyd’s coverholder Evertas and smart contract insurance provider Nayms. It wasn’t so long ago that any kind of cryptocurrency insurance cover was hard to come by. Aside from the efficiency benefits of paying for policies in crypto…
Long-term Bitcoin holders sold 200,000 BTC in 2024, worth $10 billion in May and $1.2 billion in June, reflecting a declining trend. Long-term Bitcoin (BTC) holders have been reducing their holdings throughout 2024, with significant sell-offs observed in May and June. According to IntoTheBlock data, May saw a sharp decline in long-term BTC holdings, with approximately 160,000 BTC worth around $10 billion sold. Long-term BTC holders have been reducing their holdings throughout 2024. May saw a significant drop with 160k BTC (~$10B) sold. The selling slowed down somewhat in June, with 40k $BTC Leaving long-term holders’ wallets pic.twitter.com/POtniNrU4p — IntoTheBlock…
Which of the newly launched Ethereum ETFs are showing the most promise, and why? Read on Table of Contents Which spot ETH ETFs are live? Coinbase at an advantage The road ahead for spot ETH ETFs On July 23, the crypto market reached a key milestone with the launch of nine spot Ethereum exchange-traded funds (ETFs), following months of anticipation and regulatory hurdles. Major financial players including Grayscale, BlackRock, Franklin Templeton, Fidelity, VanEck, Bitwise, 21Shares, and Invesco received the green light after their S-1 registration statements were approved. Contrary to a quiet debut, these ETFs made a strong impression, netting…
Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP Accounts Align With Bank’s Vision Commercial Bank of Dubai (CBD), a leading United Arab Emirates (UAE) bank, has launched dedicated accounts for Virtual Asset Service Providers (VASPs) to manage client funds and meet regulatory prudential requirements. CBD introduced the specialized accounts to comply with regulations from the Central Bank of the UAE and…
Solana-to-Bitcoin cross-chain bridge Zeus Network’s native token ZEUS experienced a notable price surge, increasing by 19% in a single day to $0.2931. At the time of writing, the ZEUS was still up 11.6% in the last 24 hours, trading at $0.2705 per data from crypto.news. In the same time period, the crypto asset’s trading volume hovered around $15.5 million. The cryptocurrency has also jumped 59% over the past week. ZEUS price chart | Source: TradingView Moreover, ZEUS’s market cap had also surged to $45.4 million. However, the token’s price is still down 75% from its all-time high of $1.11 reached…