Author: NBTC

Gemini, a major US cryptocurrency exchange, has officially announced its XRP credit card, which was initially teased earlier this month. The owners of the much-hyped card can earn 4% cash back on gas, EV charging as well as public transport. It also offers 3% cash back on dining and 2% cash back on groceries. Other purchases will come with 1% cash back. That’s it? The XRP community is not impressed by the introduction of the new product, with some of its members complaining that it does not actually bring anything particularly new to the table (apart from the “XRP” logo).…

Crypto traders bought the dip in several Ethereum staking tokens on Friday, lifting the likes of lido (LDO) and ethena ENA$0.6730 up by 14% and 15%, respectively. The gains follows a week-long decline that took place alongside a rapid shift in sentiment, which is typically a signal to buy. Lido and ethena are returning to last week’s highs after an early August rally spurred by the U.S. Securities and Exchange Commission’s statement that liquid staking protocols aren’t securities. The SEC’s statement was viewed as bullish for the decentralized finance (DeFi) ecosystem, in particular for Ethereum-based protocols that depend on staking…

Investors who committed negligible amounts into XRP daily over the past decade would be sitting on massive gains today. One of the most attractive features of cryptocurrencies is their ability to transform modest investments into fortunes, especially from their earlier days. Notably, over the years, XRP has proven to be one of the assets capable of delivering on this promise, especially for those who employed a dollar cost averaging (DCA) approach. The Prospect of Investing $10 into XRP Daily for 10 Years For the uninitiated, in a dollar cost averaging investment approach, the individual commits a particular amount into the…

Exciting developments are on the horizon for the global cryptocurrency landscape, especially in Asia! South Korea is making significant strides in its approach to virtual assets. The nation’s Financial Services Commission (FSC) is actively preparing the next phase of its South Korea crypto bill, a crucial piece of legislation slated for discussion during the National Assembly’s regular session in September. What’s Next for the South Korea Crypto Bill? The announcement came directly from FSC Chairman Kim Byung-hwan. He confirmed this during the second meeting of the National Assembly’s National Policy Committee. Responding to a question from Democratic Party lawmaker Min…

With Hyperliquid’s metrics continuing to hit all-time highs, spot trading in the ecosystem, spearheaded by its tokenization layer Unit, is starting to catch up with the world’s top centralized exchanges. Over the last 24 hours, over $1.1 billion worth of uETH and $950 million of uBTC were traded on Hyperliquid, with Unit assets recording a total of $2.49 billion traded. This comes shortly after Unit processed an all-time high 24-hour volume of $3.2 billion, driven by a cluster of whale wallets that swapped more than $2 billion worth of BTC for ETH. Hyperliquid Spot Volume – Hyperliquid Unit took to…

Ethereum short traders lost hundreds of millions of dollars Friday as ETH came within inches of breaking past its all-time high price, but ultimately failed to rise to the occasion. In the last 24 hours alone, over $259 million worth of ETH short positions have been liquidated, according to data from CoinGlass. Another $80 million in long positions on the cryptocurrency have expired as well—bringing the total value of ETH liquidations in the last day to over $340 million. That figure makes up over half of all liquidations across the entire crypto market in the last 24 hours. Just north…

Expectations regarding the Fed’s interest rate policy are once again in the spotlight. Rick Rieder, CIO of BlackRock Global Fixed Income and head of the Global Allocation team, said on Fox Business that he expects the Fed to cut interest rates in September. “My guess is that the Fed will deliver a message about maintaining economic stability. However, the current data, particularly the slowdown in employment, creates a favorable environment for a rate cut,” Rieder said. Rieder stated that interest rates are currently higher than they should be, adding, “Personally, I think a faster and stronger cut is possible. Even…

The National Association of Attorneys General (NAAG) has written to 13 AI firms, including OpenAI, Anthropic, Apple and Meta, demanding stronger safeguards to protect children from inappropriate and harmful content. It warned that children were being exposed to sexually suggestive material through “flirty” AI chatbots. “Exposing children to sexualized content is indefensible,” the attorneys generals wrote. “And conduct that would be unlawful—or even criminal—if done by humans is not excusable simply because it is done by a machine.” The letter also drew comparisons to the rise of social media, saying government agencies didn’t do enough to highlight the ways it…

Cryptocurrency exchange Bitpanda is “looking much closer” into a public listing than previously, co-founder Eric Demuth said in an interview with the Financial Times. Demuth ruled out London as a likely venue for a public market debut, despite the crypto exchange’s recent expansion of U.K. operations. The lack of liquidity in share trading is putting Vienna-based Bitpanda off seeking a listing on the London Stock Exchange (LSE), he said. “Currently, everybody’s moving away from the LSE,” Demut said. “Liquidity-wise, the LSE is not doing too well.” He added that a listing in New York was more likely, based on the…

This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Ethereum researchers published a new protocol update today, outlining a multi-pronged strategy to expand blob throughput for layer-2 scalability while maintaining decentralization and censorship resistance. Following on from Protocol Update 001, this update details how PeerDAS, the centerpiece design for the upcoming Fusaka upgrade, will permit nodes to sample rather than fully download blob data. This enables up to eight times higher throughput without significantly increasing hardware requirements. Between major upgrades, “Blob Parameter Only” (BPO) forks will incrementally raise blob limits, while bandwidth…