Author: NBTC
David Schwartz, Chief Technology Officer of Ripple, has provided clarity on the timeline for the launch of the company’s stablecoin. Addressing recent speculation, Schwartz clarified that the stablecoin’s launch is not scheduled for June, contrary to some interpretations. Instead, he indicated that updates, including the announcement of the stablecoin’s name, are expected to be shared in June. This clarification follows Ripple’s recent announcement of its entry into the stablecoin market, aiming to enhance the stability and accessibility of the XRP Ledger. The company intends to achieve this by backing the new stablecoin with a combination of U.S. dollar reserves and…
Global payments infrastructure provider Mercuryo announced the integration of its on-ramp solutions into Meteor Wallet. The wallet supports multiple blockchains, digital tokens, and decentralized finance (defi) applications. The feature lets users purchase cryptocurrencies using credit and debit cards or Apple Pay. It facilitates access to the NEAR protocol, a layer-one blockchain that operates as a community-run cloud computing platform. Meteor Wallet is an interface for managing digital tokens and accessing defi services and decentralized applications (dApps) on the NEAR blockchain. Good news for the NEAR fam! 🫠Welcome Meteor Wallet 👉🏽 and get ready to access NEAR ecosystem with ease: buy…
Bitcoin bull Michael Saylor has strategically offloaded 370,000 shares of MicroStrategy stock amid an 80% surge in its price, CNBC reveals. Saylor, the prominent advocate for cryptocurrency, utilized a predetermined stock-sale plan crafted last year, pocketing an impressive $372.7 million from the sales. His actions, largely regarded by experts as programmatic and unrelated to Saylor’s faith in MicroStrategy, have coincided with the company’s meteoric rise in valuation. MicroStrategy’s stock price has witnessed a remarkable ascent, soaring by nearly 80% since the beginning of 2024. Trading at $1,215 per share, the company’s capitalization now stands at approximately $22 billion. Saylor’s decision…
Ethereum’s (ETH) price briefly traded above its 20-day Exponential Moving Average (EMA) during the trading session on May 15, suggesting a momentary decline in selling pressure. However, as the bullish pressure lost momentum, the bears initiated a downtrend, causing the altcoin’s price to trade below this key moving average at press time. Ethereum Bulls Are Yet To Give Up When an asset trades above its 20-day EMA, it is regarded as a bullish signal because it means its current price has surged past its average price of the past 20 days. Market participants interpret it as a shift toward coin…
The Hashgraph Association (THA), the Swiss-based organization at the forefront of global digital enablement, signed a strategic partnership with the Qatar Financial Centre to launch a Digital Assets Venture Studio, a platform to support local Qatari and international portfolio companies in the development of regulatory-compliant decentralized finance (DeFi) solutions and digital assets built on the Hedera Distributed Ledger Technology (DLT) network. The $50 million digital assets venture studio will focus on investments in Hedera-powered Web3 startups and enterprises building bankable DeFi solutions. The program will span over the next five years (2024-2028) with The Hashgraph Association investing $10million (20%). The…
K9 Finance DAO, a decentralized autonomous organization that operates as the main provider of liquid staking within the Shibarium network, has just entered the whitelist of the chain’s crypto validators. Shibarium, created by the founder of Shina Inu, can now count on a very respectable partner when it comes to the context of seeking consensus. Let’s see all the details below. K9 Finance DAO becomes a crypto validator of the Shibarium network Some on-chain data from the layer-2 Shibarium K9 Finance DAO becomes a crypto validator of the Shibarium network K9 Finance DAO has just joined the Shibarium family, being…
IQ WIKI, the renowned blockchain and cryptocurrency encyclopedia, has announced the integration of IQ GPT Chatbot into MVL Chain. This integration will herald a new era of AI assistance in the crypto and blockchain domain. MVL Chain, a pioneer in leveraging blockchain to revolutionize the vehicle industry, is set to harness the power of IQ GPT Chatbot to enhance connectivity and efficiency within the vehicle ecosystem. We’re pleased to announce that @mvlchain has integrated IQ GPT Chatbot, the world’s leading AI assistant for Crypto & Blockchain. pic.twitter.com/YWTymgzyq0 — IQ.wiki (@IQWIKI) May 14, 2024 IQ WIKI Reshaping Vehicle Connectivity and Data…
New statements regarding the Bitcoin halving came from Richard Teng, who took over as Binance CEO from CZ in November 2023. Stating that this year’s Bitcoin halving was different and took place in a market environment that was positive for BTC and the market, Binance CEO Richard Teng pointed out that historically, the BTC price increased for six months after each halving event. However, noting that these increases were supported by other catalysts other than the halving, Richard Teng said that investors should be careful. Speaking to The Block, Binance CEO said: “This year’s halving is unique in that it…
Ethereum has secured a breakthrough above $3,000, but the current state of things suggests that the second-biggest cryptocurrency on the market might still face some troubles. The price has started an immediate reversal, and Ether could face additional selling pressure if it falls below $3,000 again. Currently, Ethereum is trading around $3,005, with resistance levels at $3,200 and $3,400. If ETH can break through these levels, it could signal a stronger bullish trend than now. However, if Ethereum falls below $3,000, the support levels to watch are $2,900 and $2,800. A drop below these levels could indicate an aggravation of…
This week was a week when critical data for Bitcoin and altcoins were announced. At this point, while the US PPI and CPI data were announced, the positive data enabled BTC and altcoins to mobilize again. While Bitcoin rose above $66,000 following the positive CPI data yesterday, New York FED President and FOMC Vice President John Williams made new statements. Speaking to Reuters, Williams said that they welcomed yesterday’s April inflation data, but that these data were not sufficient for the FED to reduce interest rates at the moment. Stating that April data was positive after a few months of…