Author: NBTC
Ethereum (ETH) has faced a challenging year, emerging as the worst-performing cryptocurrency among the top five, with a year-to-date decline of 20%. Currently trading at $2,710 the asset has struggled to gain momentum even during broader market recoveries. However, key network indicators suggest potential signs of a turnaround, with Ethereum transaction fees dropping to $0.41 per transfer, their lowest level since August 2024. This sharp decline signals reduced congestion and a possible accumulation phase, historically seen before price rebounds. Yet, uncertainty surrounding Ethereum’s near-term trajectory remains, leaving investors divided on its next move. Finbold AI predicts Ethereum price target for…
Wintermute CEO Evgeny Gaevoy says the company wants to focus on expanding its services into the U.S., starting with an office in New York. According to a recent Bloomberg report, the algorithmic trading firm and market-maker Wintermute has set its sights on the U.S. market. The firm’s main office is in London and it recently opened its Singapore office in December 2024, it now aims to open up an office in New York. At the the Consensus crypto conference in Hong Kong, Wintermute Chief Executive Officer, Evgeny Gaevoy, said the company plans to extend its reach with a “new added…
According to onchain data provided by Lookonchain, a crypto whale has made a significant profit by mining AI-themed altcoins and memecoins. According to the data, the total profits of the crypto whale in question were measured at $5.14 million on GOAT, $4.5 million on AI16Z, $4 million on Fartcoin, and $4 million on ARC. Digging deeper, it appears that the whale purchased GOAT tokens when the token’s total market value was below $2 million. The whale, who initially spent $62,000 for GOAT, sold the tokens he purchased for $5.2 million. For A16Z, the whale purchased when the total market value…
For a very long time, technology startups have had two main exit strategies: Initial Public Offerings (IPOs) and mergers & acquisitions (M&A). However, according to Balaji Srinivasan, the former chief technology officer (CTO) of crypto exchange Coinbase, the crypto world and blockchain technology have opened a new frontier – Security Token Offerings (STOs). In a post on X (formerly Twitter), Srinivasan explained that at its peak in 1996, there were approximately 8,000 publicly traded companies. Today, that number has nearly halved to around 4,642. This was mainly due to regulatory policies. As IPOs became more challenging, M&A became the preferred…
AI chatbots ChatGPT and Grok AI point out what they believe could be the ideal XRP prices for when banks decide to mass adopt XRP for ODL. Notably, XRP, often called “the banker’s coin,” has been at the center of discussions around crypto’s potential to improve cross-border transactions. XRP boasts lower fees, greater security and higher speed, making it ideal for this utility. XRP Ideal Choice for Cross-Border Transactions As a result, blockchain payment firm Ripple already leverages XRP as a bridge currency for its On-Demand Liquidity (ODL) solution (now Ripple Payments). Despite this, some argue that banks and financial…
Riot Platforms’ VP of Research, Pierre Rochard, yesterday testified before the Texas Senate Committee on Business and Commerce in support of Senate Bill 21, which would establish a state Bitcoin reserve. His testimony on Feb. 18 detailed the proposal’s role in strengthening state finances amid economic uncertainty and emphasized Bitcoin’s verifiable ledger and capped supply as key attributes that set it apart from other digital assets. Rochard, who highlighted how he has written extensively on Bitcoin and contributed to open-source projects since his graduate studies at the University of Texas at Austin in 2012, explained that a state reserve would…
While blockchain applications in the medical sector continue their upward push, utilities for smart contracts in healthcare are projected to surpass a market capitalization of $10 billion by 2030. The report, compiled by Research and Market, anticipates increased growth for the global healthcare smart contracts market, citing several reasons for the market expansion. Currently valued at $3.2 billion, the sector’s growth is expected to reach $10.1 billion by 2030, with a compound annual growth rate (CAGR) of 21.4%. Healthcare smart contracts are on-chain digital agreements deployed to automate medical transactions and data exchanges. According to the 189-page report, the biggest…
Franklin Templeton, a major global asset manager, said Wednesday it has launched its tokenized U.S. Treasury fund in Luxembourg, expanding access to European institutional investors. The launch of the Franklin OnChain U.S. Government Money Fund marks the first Luxembourg-domiciled fund investing in U.S. government securities that’s fully tokenized, the asset manager claimed in a press release. This means shares in the fund are recorded and transferred on the blockchain rather than through traditional processes, using Franklin Templeton’s proprietary blockchain-based transfer agency platform for handling transactions to offer enhanced efficiency, transparency and security. The fund is available on the Stellar Lumens…
Unlike most blockchain networks, the XRP Ledger (XRPL), created by Ripple, offers no incentives to its developers and community members, similar to Bitcoin. However, recent posts on X have raised concerns about XRPL’s stability and the need for incentives. Crypto enthusiast J. Scott Branson stated that XRPL is unstable, adding that he “cannot encourage anyone to store assets on the Ledger.” He suggested moving XRP tokens to a trusted exchange. ‼️I always encouraged people to trust L1 networks, like the XRPL, over exchanges.Given the instability of the XRP Ledger, I can not in good faith encourage anyone to store assets…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Let’s bury a tired narrative: blockchains are the internet’s Wild West, a digital frontier beyond the reach of law. Late last year, when Deutsche Bank—a giant of modern finance worth approximately $32 billion—announced its own layer-2 network, it confirmed what many of us have long known. Traditional finance isn’t fighting the blockchain revolution; it’s trying to use it and tame it. The challenge, as Deutsche Bank is discovering, lies in reconciling the radical transparency of public ledgers…