Author: NBTC
Paxos now holds an Electronic Money Institution (EMI) status, after acquiring Finnish company Membrane Finance. Paxos aims to boost its compliance with EU law, to position its stablecoins back on the Euro area market. Paxos, one of the main stablecoin issuers, has completed the acquisition of Finnish company Membrane Finance. The acquisition also grants Paxos an Electronic Money Institution status for the Euro area. The stablecoin issuer started the acquisition process after the first announcement in November 2024 and is now completing the process. This morning, we finalized the acquisition of Membrane Finance, officially becoming a fully licensed EMI in…
XRP reached $3 today, marking its highest price since 2018. The surge coincided with a resurgence of XRP meme coins, driving significant activity on the network. The XRP Ledger also saw increased activity in the past week as the number of DApps and active wallets continue to grow on the network. XRP Meme Coins Rally Among these tokens, ARMY led the charge, climbing nearly 30% in 24 hours to reach a record market cap of $107 million. ARMY is a nod to the XRP token’s dedicated supporters, often referred to as the “XRP Army.” Other meme coins, such as PHNIX…
As is frequently the case whenever assets such as Bitcoin (BTC) trade uncharacteristically highs or experience a rapid plunge, many investors turn to their short ratios to try and gauge the overall market sentiment and detect possible causation. The world’s premier cryptocurrency is in such a situation at press time on January 10 as it has been trading with significant volatility in recent weeks and has, so far, failed to find a stable footing above the critical psychological level above $100,000 in 2025. Most recent data from the world’s largest cryptocurrency exchange by trading volume, Binance, however, reveals that the…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Bolstered by Big Tech, US equities were on the road to recovery after yesterday’s tariff-fueled rout. The Magnificent Seven stocks were in the green midway through the session, with Meta and Alphabet as the big winners. Meta is now riding a record 12-session winning streak while Alphabet saw positive momentum ahead of the company’s earnings release later today. We’re about a third of the way into earnings season and results have been fairly solid. As of last Friday, when 36% of S&P 500 companies had reported,…
WikiBit, a global crypto regulatory info provider, has announced its strategic partnership with SunPump. It marks an exciting development to redefine the landscape of memecoins. This alliance paves the way for investors and memecoin enthusiasts to host a new era of transparency, enjoyment, and fairness. SunPump is a leading platform for memecoin launch on the TRON network. Combining their expertise both FinTech are aimed to revolutionize the memecoin launches on TRON. 📢Partnership Announcement WikiBit Official is thrilled to announce a partnership with SunPump!@sunpumpmeme is the first memecoin fair launch platform on TRON. Get ready for a new era of transparency,…
The launch of Bitcoin ETFs in January 2024 was heralded as a groundbreaking moment for the market. Many expected these products to open the floodgates for institutional capital and catapult Bitcoin prices to new heights. But now, a year later, have Bitcoin ETFs delivered on their promise? For a more in-depth look into this topic, check out a recent YouTube video here: Have Bitcoin ETFs Lived Up to Expectations? A Strong Start Since their launch, Bitcoin ETFs have accumulated over 1 million BTC, equivalent to approximately $40 billion in assets under management. Even when accounting for outflows from competing products…
The NFT sector is reportedly going through a robust uptrend. As per the data from CoinGecko, the NFT realm has outpaced the crypto assets with the 24-hour upsurge of 10.7% in total market capitalization while crypto realm’s stands at 5.6%. The crypto data aggregator took to social media to provide the details of the latest NFT growth. Gm geckos 💚NFTs look greener than cryptocurrencies today, with their market cap up 10.7% compared to the total crypto market cap, which is only up 5.6% in the last 24 hours. pic.twitter.com/7jJWAANMVO — CoinGecko (@coingecko) February 4, 2025 NFT Sector Outperforms Crypto Sector…
Today, the broader digital asset market experienced a slight recovery after significant slumps in the past few days. Its broader market valuation witnessed a 2.57% increase to $3.21 trillion. However, its market volume saw a 23.62% decrease to $241.16 billion. Meanwhile, the fear and greed index responded positively, as it surged to 72, highlighting improved investor enthusiasm in the digital asset market. The recovery came after US President Trump temporarily halted a recent proposal to introduce heavy taxes on goods imported from Canada and Mexico. Since Saturday, the plan to impose such hefty tariffs triggered fear in the global markets,…
XRP’s network has recently garnered much attention among the community, and on-chain metrics show that large-value transactions are on the rise. As reported by Ali Martinez, an on-chain analyst, the number of transactions on the network has risen to above $1 million in the last few days. According to Martinez, within one day, Santiment registered 341 transactions of more than $1 million. These high volume value transfers are believed to be made by XRP whales, individuals or entities with large number of XRP holdings. Their entry demonstrates a pick up in market participation and confidence. XRP price new high XRP…
In these days, the price of Bitcoin (BTC) is floating in a sort of Limbo where it is difficult to understand which direction it wants to take. In some ways, it indeed seems to be able to awaken, but in others, it seems heavily hindered by external factors. The result is that it is not clear where it wants to go, even though to be honest the short-term sentiment seems quite negative. The Limbo of Bitcoin (BTC) Price The decline in the price of Bitcoin (BTC) A period of accumulation? A possible rebound in the price of Bitcoin (BTC)? The…