Author: NBTC
Two notable digital asset firms have ranked XRP, the native token of the XRP Ledger, alongside a few other high-caliber cryptocurrencies as a store of value. XRP. the third-largest cryptocurrency by market cap appeared on an exclusive list of assets classified as a store of value. For context, an asset boasts a store of value if it keeps its intrinsic value or purchasing power over a long period of time. Grayscale Brands XRP a Store of Value In a Monday tweet, Grayscale, the leading digital asset manager, mentioned three assets in its crypto sector that serve as a means of…
As digital asset regulation gains prominence, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are exploring ways to enhance their crypto regulatory cooperation through a joint advisory committee. US SEC-CFTC Joint Advisory Committee and Crypto Regulations Both the agencies are thus, considering restarting the SEC-CFTC Joint Advisory Committee, which has been inactive since 2014. The committee was originally established in 2010 to provide a platform for the agencies to discuss emerging regulatory issues. According to Fox News journalist, Eleanor Terrett, last year the CFTC Acting Chairman Pham had called for the committee’s restructuring, believing…
The idea of the United States government investing in Bitcoin has been gaining traction after two proposals were unveiled at the Bitcoin 2024 Conference in Nashville, sparking debate. Both plans, introduced in July, suggest that Bitcoin could complement or even rival gold as a major asset in the U.S. Treasury’s reserves. Former President Donald Trump and Senator Cynthia Lummis have offered differing views on Bitcoin’s role in America’s financial future. Trump is proposing that the US stop selling the Bitcoin it already has. The government currently holds about 198,000 BTC worth about $19 billion, seized from criminal activity and often…
Euler Finance, a decentralized finance platform on the Ethereum blockchain, is now live on Sonic, formerly known as Fantom. Sonic Labs announced the integration on Feb. 17, stating that the launch will further enhance DeFi growth within the Sonic ecosystem. Euler Labs’ expansion aims to bring advanced lending capabilities to the Sonic blockchain network. This integration comes just days after DeFi protocol Frax Finance went live on Sonic, offering new opportunities for users. Sonic’s price has surged amid these developments, reaching highs of $0.60 with more than 38% gains over the past seven days at the time of writing. You…
Vitalik Buterin, a co-founder of Ethereum, has laid out a long-term plan for the decentralization and scalability of Ethereum. Buterin put forth a solution based on Ethereum Improvement Proposal (EIP) 3668 in response to worries regarding the growing complexity of operating light clients in an ecosystem that is rollup-centric. The efficiency and decentralization of Layer-2 (L2) networks’ state proof verification could be revolutionized by this method. As Ethereum scales horizontally through rollups, the Ethereum community raised the question of how wallets and apps will manage numerous light clients. Without depending on centralized third parties, developers are struggling with how to…
Pump.fun has launched its mobile applications for iOS and Android devices. Pump.fun is one of the leading platforms for creating and trading memecoins on the Solana (SOL) blockchain. Its apps enable users to create tokens for free, buy and sell tokens rapidly, create watchlists, manage portfolios, and more. The mobile applications aim to provide a seamless and user-friendly experience for both novice and experienced traders. By leveraging Solana’s speed and low transaction costs, Pump.fun ensures that all created tokens are safe to trade through a secure and battle-tested token-launching system. introducing the PUMP FUN MOBILE APPthe BEST way to trade…
Cardano (ADA) is back in the Grayscale Digital Large Cap Fund (GDLC). Over the past few months, Cardano (ADA) has experienced a renaissance thanks to technical developments, key partnerships, and a significant price surge. This renaissance may have now translated to increased institutional adoption per a quiet change in the composition of Grayscale‘s largest multi-asset fund. Cardano Returns to Grayscale Digital Large Cap Fund In April 2024, leading crypto asset manager Grayscale had the Cardano (ADA) community up in arms over its decision to drop the asset from the Grayscale Digital Large Cap Fund (GDLC), its largest multi-asset fund. At…
Bahrain’s central bank is developing regulations for stablecoins to reduce transaction costs and increase financial access. Making the Digital Asset Space Safer Bahrain’s central bank is drafting regulations on stablecoin issuance, the Middle Eastern country’s Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa recently disclosed. Once enacted, the stablecoins are expected to reduce transaction costs and expand financial access. According to an Akhbar-Alkhaleej report, Al Khalifa made the disclosure while responding to a question from legislator Hisham Al-Asheeri regarding digital asset regulation. Al Khalifa explained that the Central Bank of Bahrain has always been eager to make…
Ethereum (ETH) price has remained in a consolidation phase, trading below $3,000 since February 2. Over the past weeks, indicators like RSI, DMI, and EMA suggest that ETH lacks strong momentum, with neither buyers nor sellers taking full control. The narrowing gap between its EMA lines hints at a potential shift, but ETH must overcome key resistance levels to regain bullish momentum. Meanwhile, if support levels fail to hold, a deeper correction toward $2,160 could be on the table. Ethereum RSI Has Been Neutral For Two Weeks Ethereum Relative Strength Index (RSI) is currently at 54.2, staying neutral since February…
Hyve, a high-throughput middleware data availability protocol secured by Symbiotic, raised $50 million in pre-deposits from restakers in as little as two weeks between January 28 and February 14 for HyveDA, a novel data availability solution, as per the latest information shared with Finbold. The drive started at exceptional speed as it clocked $25 million in total value locked (TVL) within the initial hours before slowing down due to the shockwave emerging from President Donald Trump’s tariff announcements. As HyveDA explained, the decentralized funding drive, had to be capped at $50 million despite exceptionally high demand to ensure a controlled…