Author: NBTC
Ripple’s USD-pegged stablecoin, RLUSD, has reached a total supply of 120 million just two months after its official launch. The token associated with both Ethereum and the XRP Ledger (XRPL) has increased and is actively used in the cryptocurrency market. Blockchain data firm CryptoQuant noted that the supply expanded, which led to the upgrade. At first, stablecoins exhibited more activity on the Ethereum blockchain. However, the trend of adoption has shifted over time to select XRPL, reflecting the relatively cheaper fees of the transactions. Adoption and exchange listings The credibility of RLUSD is boosted through multiple listings on the exchange…
Galaxy head of research Alex Thorn believes the GENIUS Act could favor Tether by allowing it to operate under relatively flexible conditions. Thorn assessed that the bill would open a pathway for Tether to register onshore but would not require it to do so to continue operations. Limited restrictions for offshore issuers Based on the bill’s current text, if Tether chooses not to register under the new framework, it would not be violating any laws. Under the bill’s current language, the primary restrictions on non-registered stablecoin issuers like Tether would include interbank settlement prohibitions and marketing their tokens as “stablecoins”…
Officials of Thailand’s Central Investigation Bureau (CIB) seized 63 illegal crypto mining machines on Friday, according to a report by The Nation. The illegal crypto mining rigs, worth around 2 million baht ($60,000), were found in three abandoned houses in the Pathum Thani province. Officials conducted a raid after locals of the region complained about unidentified individuals stealing electricity from the region’s utility poles and transformers. The locals suspected that the stolen electricity was being used for cryptocurrency mining operations hidden in abandoned buildings. Crypto mining requires massive amounts of electricity. Authorities estimate that the illicit mining rigs caused losses…
Bitcoin price started another decline below the $96,800 zone. BTC is retesting the $95,500 support zone and might struggle to recover losses. Bitcoin started a fresh decline from the $98,000 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 zone. Bitcoin Price Dips To Support Bitcoin price failed to clear the $99,000 and $100,000 resistance levels. BTC formed a…
In a surprising development that has intrigued cryptocurrency analysts and investors alike, a wallet linked to Ethermine that has been inactive for a significant period suddenly resurfaced. After three years of minimal activity, this seven-year-old wallet initiated a substantial transaction by withdrawing 2,692 Ethereum (ETH), valued at approximately $5.01 million. This withdrawal was executed on the cryptocurrency exchange OKX, marking one of the most notable reactivations of an old wallet in recent memory. A 7-year-old wallet linked to #Ethermine just returned after three years of partial dormancy, withdrawing 2,692 $ETH ($5.01M) from #OKX.Follow @spotonchain for more insights now!https://t.co/uApRmU34He pic.twitter.com/xlfaigxvdf —…
Key Takeaways President Javier Milei clarified he merely shared information about $LIBRA, not actively promoting it. Milei met with Hayden Mark Davis for developing financing for entrepreneurs but denies extensive investor impact. Argentine president Javier Milei is defending himself amidst accusations of fraud and calls for impeachment following his promotion of the $LIBRA token. Speaking during an interview with Jonatan Viale on TN’s “¿La Ves?” on Monday, Milei claimed he simply shared information about the project rather than actively promoting it. “I didn’t promote it, I shared it,” Milei explained. “I did it because I’m a fanatical techno-optimist.” “I acted…
Yesterday evening, the Kentucky Senate unanimously passed a bill aimed at protecting Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote, the legislation, titled AN ACT relating to blockchain digital assets (HB 701), now moves to the Governor’s desk for final approval. NEW: Kentucky Senate passes bill that will protect Bitcoin self custody rights with 0 votes against it.The bill now heads to the Governors desk. pic.twitter.com/HPciWIgpZO — Bitcoin Magazine (@BitcoinMagazine) March 14, 2025 Sponsored by Representatives Adam Bowling and T.J. Roberts, the bill affirms the right of individuals to self-custody digital assets through self-hosted wallets.…
Plays, an AI-powered gaming platform, is reportedly launched on the SonicSVM Mainnet, marking a major stride in its advancement within Web3 gaming systems. It has introduced its deployment on the Solana blockchain and now extending its operations toward broader accessibility and improved user functionality. The integration seeks to improve gaming experiences through blockchain technology allowing safe, transparent, and cost-efficient transactions. 🚨 Breaking News! PLAYS Hub is Now Live on Sonic Mainnet! 🔥We started on @solana, and now, we’re taking it even further, @PlaysHub has officially launched on @SonicSVM Mainnet! This marks another huge milestone in our journey to bring the…
JAN3 CEO Samson Mow believes Bitcoin is undervalued at $100,000, expressing his belief in BTC’s long-term dominance and price appreciation. Mow shared this perspective during a recent interview, asserting that the $100,000 price point remains a bargain for Bitcoin. According to him, Bitcoin should be trading around $200,000 given the current global economic conditions, including the failure of fiat currencies and central banks’ interventions. 🔥SAMSON MOW: #Bitcoin is undervalued at $100,000 @Excellion pic.twitter.com/YWbxcMBu4b — Roxom TV (@RoxomTV) February 18, 2025 Bitcoin ETFs Changed Investors’ Perception About BTC He suggested that the general perception of Bitcoin changed following the launch of…
In the wake of the ongoing $LIBRA rug pull controversy, Meteora’s co-founder, Ben Chow, has resigned. This follows his clarification yesterday regarding Meteora’s involvement in the $LIBRA project. Chow has also brought in an independent third-party investigator to look into the matter. Jupiter Founder: Meteora Co-founder’s Lack of Judgement in the Project Hi, I’m meow from Jupiter, and I also cofounded Meteora. Firstly, I’d like to reiterate my confidence that no one at Jupiter or Meteora committed any insider trading or financial wrongdoing, or received any tokens inappropriately. Secondly, we are hiring an independent 3rd… — meow (🐱, 🐐) (@weremeow)…