Author: NBTC
In a recent tweet, Ripple President Monica Long revealed plans for a new independent XRP Ledger Foundation. This comes as XRP Ledger Foundation, which supports the growth and development of XRP Ledger, has now been renamed as Inclusive Financial Technology Foundation (INFTF). Ripple’s president had responded to an XRP Ledger community member who had inquired if there may be plans to end the “XRP Ledger Foundation” in the wake of the transition. The XRP Ledger community member also sought to know Ripple’s plans to support XRP Ledger and the steps being taken to ensure the continued stability, innovation and decentralization…
Bitcoin is trading on Korean exchanges at the steepest discount since October 2023, according to CryptoQuant. Smart traders have shifted to high-beta altcoins, data tracked by 10x Research show. Crypto traders on South Korea-based exchanges seem to have shifted from bitcoin (BTC) to alternative cryptocurrencies (altcoins) amid bullish analysts’ forecasts in the wake of the recent U.S. interest-rate cut. That’s the message from analytics firm CryptoQuant’s Bitcoin Korea premium index, which measures the price gap between Korean and offshore exchanges. The index turned negative Wednesday, sliding to -0.55, reflecting the deepest discount since October 2023. In other words, bitcoin has…
An investment of $1,000 in Cardano at the current price of $0.3347 could be worth a fortune if ADA surges to ambitious targets of $100, $300, or $500. Like most major crypto assets, Cardano (ADA) observed its fair share of the recent market bloodbath, with its price plummeting to a yearly bottom of $0.2799 on August 5. However, the token witnessed a quick recovery that saw it climb above the $0.3 mark. Despite the recovery, ADA is still below its yearly high of $0.807, registered on March 6, 2024. At the current price of $0.3347, Cardano is down 58.52% from…
The FED’s interest rate cut has boosted Bitcoin and altcoins, with BTC rising above $64,000 and Ethereum above $2,600. While analysts expect a rally from now on, Deribit CEO Luuk Strijers warned against short-term volatility. Luuk Strijers said that a significant amount of Bitcoin and Ethereum open interest will expire on Friday, which could cause price fluctuations. Accordingly, 90,000 BTC options worth $5.8 billion and $1.9 billion ETH options are expected to expire on September 27, causing volatility in prices. Speaking to CoinDesk, Deribit CEO stated that around 20% of expiring Bitcoin options are in the money, saying: “$5.8 billion…
The latest rankings of top NFT collections by monthly sales volume show significant activity shifts, with key collections like CryptoPunks, Guild of Guardians, and DogeZuki maintaining their strong presence. However, emerging collections are beginning to carve out a place for themselves in the market. CryptoPunks continues to hold its top position with $16.55 million in sales this month. Despite experiencing a 6.95% decline from the previous month, it remains a powerhouse in the NFT space. With only 74 unique buyers and 146 transactions, the collection still demonstrates a high value per transaction, reinforcing its status as one of the most…
Jay Grissom, a full-stack developer with over two decades of experience in trading, has identified seven factors that could be crucial in driving the value of XRP to the double-digit region. First, Grissom cited the significance of XRP’s regulatory clarity. He noted that when Ethereum obtained similar “clarity,” its value skyrocketed from $7 to $1,500 in less than a year. However, it is important to clarify that Ethereum took several years to rise from $7 in 2016 to $1,500 in 2021. Furthermore, Grissom highlighted the significance of the upcoming Ripple stablecoin, RLUSD, on the XRP Ledger. He pointed out that…
Bermuda-registered Relm Insurance has introduced a policy covering bitcoin miners’ for periods of business interruption. Relm is licensed to offer indemnification to bitcoin miners in the same currency that they are mining thanks to its Class Innovative Insurer General Business (IIGB) license from the Bermuda Monetary Authority. Bermuda-registered Relm Insurance has introduced a policy covering bitcoin miners’ for periods of business interruption. BTC Business Interruption Insurance is denominated in bitcoin, the first such policy to do so, according to an emailed announcement on Thursday. The aim of the policy is to offer bitcoin miners with financial protection against losses from…
TRON experienced significant growth in Q2 2024, with increased daily transactions, active addresses, and stablecoin market cap. The circulating market cap of TRX grew to $10.9 billion. TRON experienced significant growth in Q2 2024, showcasing positive trends across various key metrics, according to a recent report by Messari. Despite a slight decrease in revenue, the platform continued to strengthen its market presence and technological infrastructure. Key Performance Metrics Demonstrate TRON’s Expanding Influence TRON experienced significant growth in various aspects in the second quarter of 2024. The number of daily transactions increased by 29%, and the number of daily active addresses…
The Telegram mini app ecosystem is booming, as developers are using the popular messenger’s integration with crypto to launch games that reward players with tokens with real world value. The typical formula is as follows: A project launches a game which can be played on the Telegram messenger as a mini app. Most of the popular Telegram games are simple “clicker” games that anyone can get started with immediately. By playing the game, users earn in-game points. Rewards can be boosted by using in-game points to purchase upgrades, referring friends to the app, performing various social media tasks, and solving…
Riot Platforms mined 412 Bitcoin in September, marking a 28% increase over the previous month. This rise in production was driven by higher operating capacity at their mining facilities, which include sites in Texas and Kentucky, according to a company release. Riot’s CEO, Jason Les, attributed the growth to increased operational efficiency and hash rate improvements across the company’s operations. The company now holds 10,427 Bitcoin (BTC). The company also participated in the Electric Reliability Council of Texas Four Coincident Peak program, voluntarily curtailing operations during periods of high electricity demand. This helps reduce strain on the grid and allows…