Author: NBTC
XRP significantly reduces transaction costs, with transfers costing just fractions of a cent compared to SWIFT’s $10–$50 range. Additionally, XRP offers real-time tracking, interoperability across financial systems, and a decentralized framework that eliminates the need for intermediaries. As Ripple’s native cryptocurrency, XRP continues to gain market prominence, experts are warning that it could potentially threaten the dominance of SWIFT banking systems in the near future. Prominent crypto expert X Finance Bull shared a post on the X platform explaining how XRP could eat into SWIFT’s market share. Finance Bull highlighted the disruptive potential of XRP and Ripple’s Interledger Protocol (ILP),…
A financial services firm has been fined over $400,000 after pleading guilty to wash trading in a Boston court. CLS Global, a firm that specializes in market making, was ordered to pay a total of $428,059 to the government, in the form of seized cryptocurrency and fines. The company was also sentenced to three years’ probation, during which time it will not be able to participate in U.S. cryptocurrency markets. These charges followed an undercover law enforcement operation which specifically targeted sham trading, wash trading and activity intended to attract investors. The company agreed to provide services for NexFundAI, an…
Crypto exchange OKX has been fined €1.1 million ($1.2 million) by Malta’s Financial Intelligence Analysis Unit (FIAU) for breaching the country’s anti-money laundering (AML) regulations. OKX Fined $1.2 Million by Malta for Anti-Money Laundering Violations The FIAU statement said the penalty was imposed following an on-site compliance review in April 2023, which revealed serious and systematic failures. The FIAU investigation found that OKX: Failed to appropriately assess the money laundering risks associated with its products. For approximately half of the files reviewed, the client skipped risk assessments during acceptance. There were deficiencies in transaction monitoring and external reporting. OKX responded…
A widely followed crypto analyst says that Bitcoin (BTC) appears primed to move a leg up as its technical indicators remain bullish despite its most recent downtrend. In a new post on the instant messaging app Telegram, pseudonymous crypto strategist Crypto Capo tells his 121,635 subscribers that the top crypto asset by market cap looks ready to shoot up to between $92,000-$98,000 if it can successfully reclaim the $85,000 range. “Crazy [price action] yesterday… and this is exactly why I avoid leverage most of the time. Right now, BTC is just deviating above and below the $84,000-$85,000 area, flip-flopping and…
Stay COTI is the beginning of a movement that will paves the way for the next generation of innovators, entrepreneurs, and creatives. It will provide a playground for innovation in which anybody may build on blockchain and thrive. Following the successful launch of the mainnet, COTI is now entering an exciting new phase, which is focused on expanding the ecosystem and generating significant activity throughout the network. Stay COTI is a new community hub that is being released as part of this next step. It provides everyone, including those who do not have any prior knowledge with coding, with the…
Illinois will soon drop its staking lawsuit against Coinbase, joining three other U.S. states that have recently backed down from litigation against the exchange. A spokesperson for Illinois Secretary of State Alexi Giannoulias told CoinDesk on Thursday that the office “intends to drop the Coinbase lawsuit.” The spokesperson did not reply when asked when the case may be dropped. Illinois was one of 10 U.S. states that brought charges against Coinbase in 2023 for allegedly violating state securities laws through its staking program. The U.S. Securities and Exchange Commission (SEC) also charged Coinbase with violating federal securities laws for its…
Bitget has secured a key license in El Salvador, joining other crypto firms exploring the country’s growing appeal as a regulated hub for digital assets. Cryptocurrency exchange Bitget has received a digital asset service provider license from El Salvador‘s National Commission of Digital Assets, following its earlier approval for a Bitcoin services provider license earlier in 2024, the company said in a Friday press release. According to the exchange, the new license allows it to offer more services in the country, including spot and derivatives trading as well as staking and other yield-focused products. Hon Ng, chief legal officer at…
Bitcoin’s hashrate has soared to unprecedented heights, hitting an astonishing 900 exahash per second (EH/s) as of April 6. 900 EH/s Milestone: Bitcoin’s Security Fortress Grows Stronger Merely a day earlier, at block 891,072, the network’s difficulty adjusted upward from 113.76 trillion to 121.51 trillion—a striking 6.81% leap. Conventional wisdom suggests that as difficulty climbs, mining becomes more arduous, often driving computational power down as participants exit. Yet, defying expectations, the hashrate not only held firm but accelerated further. After brushing against a lofty 883 EH/s on April 5, it vaulted to 900 EH/s the very next day. This translates…
Bitcoin’s price has been under pressure in recent weeks due to U.S. President Donald Trump’s newly announced tariffs, but analysts remain confident in their long-term bullish outlook. Despite today’s market decline, some experts predict that BTC will rise to new highs before the end of the year. Bitwise’s Head of Research Ryan Rasmussen has confirmed the firm’s $200,000 year-end price target for Bitcoin, saying the recent market turbulence is merely a temporary setback. “Once the market recovers from this ‘Independence Day’ chaos, we will finally start to see the market pull back to the upside,” Rasmussen said. “We like to…
The crypto community embraced President Trump and was rewarded with anti-regulatory policies. However, the trade war, fewer rate cuts, and other events rattled the stock market. The silver lining for crypto enthusiasts is that various DeFi developers are rolling out ambitious projects. Time.Fun The Solana-based platform, launched in February, is a market where fans may buy time they may share with their favorite creators. Creators set profiles on Time.Fun and are divided into several categories, including music, influencers, investors, marketing, UI/UX design, athletes, and others. We’re just about one month since launch with some incredible metrics, optimizations, products and creators.–…