Author: NBTC
The long-standing Ripple-SEC lawsuit is inching toward its final stages, with intense speculation about a potential appeal from the U.S. SEC. The case, which has captivated the crypto world, could be far from over, as experts predict a 75% chance of the SEC appealing certain rulings. The anticipation has the XRP community buzzing, with the possibility of an extended legal battle looming. Following the rumors, XRP is trading at $0.5866, with its volume down 11% to $928.86 million. It hit a 24-hour high of $0.5908, while XRP Futures Open Interest rose 1%, signaling positive market sentiment. 🚨 #Ripple just executed…
Visa has created a new platform in a bid to help financial institutions issue fiat-backed tokens and test out their use cases. The payments giant’s guidance to banks exploring this space is part of a broader effort to create global standards that ease interactions between such entities, Visa executives noted. As more real-world assets — from real estate to debt securities — come onto blockchains, there’s a growing need to bring more forms of cash onto those rails to trade them, said Visa crypto head Cuy Sheffield. “We think that creates a significant opportunity for banks to issue their own…
The cost of sending Bitcoin is now the cheapest it’s been in nearly one year—just as the price of the biggest cryptocurrency nears its all-time high. Data from Bitinfocharts shows that the average transaction cost on the Bitcoin blockchain stands at $0.73. That’s the lowest fee cost registered since August 2023, when it briefly touched 64 cents. When Decrypt tried to send $10,000 in Bitcoin, the suggested transaction fee was just $0.40—about one hundred times cheaper than sending a wire transfer from the U.S. to Europe via Wise.com, for example. The drop in transaction fees comes as the price of…
The price of Ethereum (ETH) has risen above the moving average lines and reached a high of $2,629. ETH price analysis by Coinidol.com. Ethereum price long-term analysis: bearish Currently, the bullish momentum is predicted to reach a high of $3,000. However, the bears will offer resistance at $2,800. During the rise on September 13, a body of candles tested the 38.2% Fibonacci retracement line. The retracement suggests that Ether will continue to move higher. According to the price projections, the largest altcoin will reach the 2.618 Fibonacci extension or $2,959.15. However, Ether will fall if the current upswing does not…
Famous XRP community figure “Crypto Eri” calls attention to a recent strategic partnership from Ripple to foster the use of the XRP Ledger (XRPL) in the Web3 community. According to an announcement today, SBI Digital Community, a subsidiary of SBI Holdings, has entered into a strategic alliance with Ripple. Under the partnership, SBI Digital Community will promote the use of XRPL in the Web3 sector, potentially increasing its users. In particular, SBI Digital Community’s Web3 platform Bto3 will expand the use of XRPL, especially supporting the issuance of non-fungible tokens (NFTs) on the leading blockchain. SBI Digital Community to Launch…
SEC Commissioner Hester Peirce, popularly referred to as Crypto Mom, addresses the regulatory ambiguity surrounding crypto classification during a recent congressional hearing. Yesterday’s hearing saw five SEC commissioners, Gary Gensler, Hester Peirce, James Lizarraga, Mark Uyeda, and Caroline Crenshaw, testify before the U.S. House Financial Services Committee. As reported earlier, this landmark event marked the first time since 2019 that all SEC commissioners testified before Congress. Peirce Criticizes SEC Over Its Imprecise Language During the hearing, Peirce criticized the SEC for using imprecise language to create confusion about whether a token itself is a security or part of an investment…
Assetera, a blockchain-based investment and trading firm for financial instruments, has engaged Polygon to power its secondary market real-world-assets (RWAs) platform. The platform offers tokenized assets such as securities, funds, and money market instruments on a regulated digital trading platform. Assetera will use Polygon’s scalable Ethereum network to secure transactions and use stablecoins for purchase, clearing, and settlement to ensure a fast and efficient process. The Austrian-regulated company holds MiFID II and Virtual Asset Service Provider (VASP) licenses and plans to upgrade to Markets in Crypto Assets (MiCA) standards, which will open the door to offering its services across the…
The U.S. government moved $2 billion worth of seized bitcoin (BTC) on Monday, tanking already retreating prices and sparking investor concerns of selling the assets just two days after presidential hopeful Donald Trump’s promise to begin stacking BTC. Blockchain data by Arkham Intelligence shows that a wallet tagged as “U.S. Government: Silk Road DOJ” transferred 29,800 BTC related to the Silk Road website to an unlabeled address with no prior history of transactions. Prior movements often foreshadowed impending asset sales. BTC tumbled below $67,000 following the transfer, extending its decline from the $70,000 session high earlier today. At press time,…
A notable 168% increase in Ethereum’s burn rate in the last week indicates increased on-chain activity and possible price implications for the asset. One of the main factors impacting price performance is the deflationary pressure that Ethereum creates due to its daily burning of a sizable amount of ETH. The supply and demand of Ethereum have changed significantly over the last seven days with 6,098 ETH being added to the system and 12,250 ETH being burned. The increasing network usage of Ethereum is one of the main causes of the burn rate spike. Due to gas fees associated with each…
As Donald Trump and Elon Musk spoke on Twitter Spaces, it marked the opening of what’s been touted as the Pump.fun Olympics. Over a three hour period, 10,000 tokens were launched by the meme coin factory. But degens weren’t happy about it. “How is this a good thing anymore?” Tyler Stockfield (better known as Anon) wrote on Twitter, “Nobody is having fun anymore besides the Pump Fun team raking in fees.” Pump.fun is a token launchpad that gained popularity due to it enabling anyone to create a coin in minutes for a small fee. Recently the protocol got rid of…