Author: NBTC
Ripple (XRP) experienced a 7% price decrease after the United States Securities and Exchange Commission (SEC) canceled a crucial meeting. This shows that volatility continues to affect the cryptocurrency market. Let’s see all the details below. The cancellation of the SEC meeting and the drop in the price of Ripple (XRP) The CEO of Ripple calls for a Bipartisan approach to crypto in the USA The cancellation of the SEC meeting and the drop in the price of Ripple (XRP) As anticipated, despite a recent surge, Ripple (XRP) has seen its price drop by almost 7% following the cancellation of…
MicroStrategy co-founder and chairman Michael Saylor has issued a stirring message regarding Bitcoin, the largest cryptocurrency by market capitalization, amid the current market stagnation. In a tweet, Saylor wrote: “Bitcoin expands your universe.” This statement comes at a time when Bitcoin’s weekend trading activity has reached a record low. #Bitcoin expands your universe. pic.twitter.com/ypYLBE9mfS — Michael Saylor⚡️ (@saylor) June 29, 2024 According to data from cryptocurrency research firm Kaiko, the amount of Bitcoin traded on weekends has dropped to just 16% this year. This marks a significant shift in the trading patterns of the world’s leading digital currency, which has…
The Shiba Inu community is intensifying efforts to have Binance burning SHIB tokens using a portion of the token’s trading fees. In an interesting development, popular community member Labib recently launched a petition on Change.org asking the world’s largest crypto exchange to implement a daily burn of 1% of all Shiba Inu trading fees on its platform. Petition to Burn SHIB on Binance According to Labib, the move is imperative to Shiba Inu’s long-term success and sustainability. The community member emphasized that the proposal will help reduce SHIB’s hefty circulating supply, potentially increasing scarcity and boosting the token’s price. Labib…
Michaël van de Poppe, one of the most influential analysts of the cryptocurrency market, talked about Bitcoin and the general cryptocurrency market in his statement. According to the analyst, the total market cap chart excluding Bitcoin is actually performing well. Therefore, the analyst claims that the consolidation in question is an expected event, after which an upward bounce scenario is possible. Speaking about Bitcoin dominance, van de Poppe said that dominance may have seen its peak. In this context, the analyst believes that Ethereum ETF approvals will allow the altcoins’ momentum to continue as a rotation trigger. According to the…
Ripple CTO David Schwartz recently shared an important reminder from RippleX for all XRP Ledger node operators. The message emphasizes the need to upgrade to the latest version of rippled to ensure service continuity. The newly released version 2.2.0 of rippled, the server software for the XRP Ledger, introduces performance improvements, several bug fixes and five new amendments that are now open for voting. Key features and amendments One of the key updates is the featurePriceOracle amendment, which adds a price oracle to the XRP Ledger. This feature allows the blockchain to access real-world data like market prices, which decentralized…
Manchester United has launched a Web3 football game, ‘Fantasy United,’ on the Tezos blockchain for the 2024/25 season, said the club in a recent announcement. Alongside the new game, the club has unveiled Player Trading Cards which feature all first-team players from the men’s squad in various editions, including Classic, Rare, and Ultra-Rare. These collectible cards are updated with real-time stats throughout the season. The team said fans could use their trading cards to build a five-player squad in ‘Fantasy United.’ The game also allows fans to compete against friends, participate in mini-leagues with United players, and earn points based…
Bitcoin (BTC) continues to captivate attention as it consolidates slightly above the $60,000 mark. As the market eagerly anticipates Bitcoin’s next move, recent activities reveal significant bid volumes and liquidity shifts. These movements highlight intriguing patterns and potential opportunities, offering valuable insights for both traders and investors. Popular trader Daan Crypto Trades has noted substantial bids below the spot price and a rise in open interest. Recent data shows an impressive $500 million in bids placed below Bitcoin’s spot price, around $59,500 to $60,583. Market sentiment and historical performance Michaël van de Poppe, founder and CEO of MNTrading, remains optimistic…
Chris Amani, the chief executive of Terraform Labs, the firm behind the rise and collapse of the Terra ecosystem, received $8 million from the bankrupt company that had filed for bankruptcy in January. As crypto and finance researcher FatManTerra noted in a post on social media platform X (formerly Twitter), Amani has not compensated those affected by the implosion of the Terra ecosystem, but instead directed the money to himself. “Absolutely disgusting, hope this is all clawed back by the trustees.” In another X post, Ray Raspberry, an advisor for Turkey DAO, confirmed that Amani kept $4.47 million of the…
Bitcoin (BTC) has crashed back to a four-month range low of $60,000, currently trading at $61,500. As things develop, cryptocurrency analyst CrypNuevo projects BTC returning to the $67,000 price zone by the end of July. CrypNuevo shared this particular analysis in his “Sunday Update” as a thread on X on June 30. Notably, the analyst foresees a volatile week ahead due to macroeconomic news, which he expects BTC price to respond to. Overall, he mentioned news related to the MiCa regulation in Europe and other economic data, mostly from the United States, like non-farm payroll, unemployment rate, and FOMC minutes.…
In the past seven days, several leading blockchains have demonstrated significant activity. It is measured by the number of transactions and the average daily active addresses. The latest data, sourced from Artemis, provides insight into the current adoption and performance of these blockchains. Top Blockchains by Number of Transactions in last 7 daysLet’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to @artemis__xyz, in order to evaluate their current adoption and performance. pic.twitter.com/1WAmFF27FO — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) July 19, 2024 User Engagement Strong Across Leading…