Author: NBTC
During a recent conversation with Chris Vasquez, the host of the “World Class,” Ripple CEO Brad Garlinghouse issued a major warning about Tether, the largest stablecoin issuer. “The US government is going after Tether. That is clear to me,” he stressed. “I view Tether as a very important part of the ecosystem” the Ripple CEO noted. He finds it hard to predict the exact impact that it will have on the ecosystem. Tether’s flagship USDT stablecoin is currently valued at $111 billion, according to CoinGecko data. Being Ripple’s CEO is “lonely” During the conversation, the Ripple CEO recalled that he…
On Bitcoin Halving day, Bitcoin Core contributor Bryan Bishop volunteered to replace Luke Dashjr as the Bitcoin Improvement Proposal (BIP) editor. And while it may have started as a joke, the movement to displace Dashjr is gaining momentum. Dashjr is a staunch member of the Bitcoin old guard. Bishop, however, is more open to exotic financial products, having worked at futures and options exchange LedgerX and Avanti Bank which tried to launch its own stablecoin, AVIT. The part-real, part-meme of Bishop’s desire to work as Bitcoin’s BIP editor (a volunteer position that doesn’t actually exist except by historical custom and…
In a recent development, Bloomberg ETF analyst Eric Balchunas contradicted Grayscale CEO Michael Sonneshein’s optimistic outlook regarding the approval of Ethereum Spot ETFs. Sonneshein previously expressed his belief that these ETFs could gain approval in May. But Balchunas has a different perspective. “I disagree. We’re pessimistic as always. So it might happen at some point, but I don’t think it’s within a year.” Balchunas also added that any rejection and elections in November are important variables that could change the outlook. Interestingly, Balchunas also noted that Grayscale withdrew the ’33 Act Ether Futures ETF because they wanted to focus on…
Levi Rietveld, popular crypto entrepreneur and Blaze Token (BLZE) founder, has revealed his top three crypto projects, featuring HBAR, XRP, and KASPA. The Blaze Token founder joined other crypto community members to highlight his favorite top three crypto projects, which he believes have strong prospects for growth. Specifically, the top three most preferred crypto projects on Rietveld’s list include Hedera Hashgraph (HBAR), XRP (XRP), and Kaspa Network (KASPA). The list only features Rietveld’s top three preferred crypto projects and does not serve as investment advice. My top three crypto projects: 1. $HBAR 2. $XRP 3. $KASPA What are yours? —…
The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources. As part of Binance’s plea deal with the DOJ earlier this year, the crypto exchange agreed to pay $4.3 billion in fines and appoint an independent compliance monitor. The firm’s CEO and co-founder Changpeng “CZ” Zhao also agreed to step down as part of the agreement, and was sentenced to four months in prison. According to the report, Forensic Risk Alliance (FRA) was chosen to monitor Binance over the previous frontrunner, Sullivan…
After announcing in March its plans to include Bitcoin futures in its offerings, B3, a Brazilian stock exchange, has officially opened up trades, achieving a significant milestone on its very first day of trading Bitcoin futures. B3 Bitcoin Futures Sees Surge In Demand Following its launch of Bitcoin futures on April 17, B3 experienced a massive wave of demand and interest from cryptocurrency enthusiasts eager to trade the newly listed Bitcoin futures. The stock exchange reported that on the debut trading day, more than 7,400 Bitcoin futures contracts were actively traded. Related Reading: Shiba Inu Burn Rate Sees 81% Daily…
Ethereum (ETH) is stuck in a long-term downtrend, bringing the world’s biggest altcoin below $3,000. However, the presence of investors’ confidence and a potential breakout from a bullish pattern could be key to recovery. Ethereum Investors Remain Optimistic Ethereum’s price is already below the $3,000 mark, and any further decline could lead to the altcoin noting a two-month low. However, the chances of this happening are lowered as investors move away from causing further bearishness. Evidence of this can be seen in their recent behavior, particularly the selling spree that has slowed down over the past few weeks. The active…
Props Token empowers digital communities, fostering alignment between developers and users for collective growth. WHALE, backed by a premium NFT collection, offers a unique social token experience, enabling anyone to become a “whale.” Dmail Network, Next-generation blockchain-based email, comprehensive platform. In the crypto world, the term “Social Money Token” is progressively getting to be a hot topic of discussion in 2024. Social Money tokens are a sort of digital asset that allows individuals to create, oversee, and take part in a community-based economy directly. There are four top Social Money tokens worth paying attention to in 2024. 1. Props Token…
The Securities and Exchange Commission asked a court to deny Coinbase’s motion for an interlocutory appeal on Friday. The regulatory agency and the crypto exchange have been locked in a legal battle for nearly a year after the agency charged Coinbase with operating as an unregistered exchange and alleged that its Staking program was violating securities laws. “Interlocutory review is not warranted simply because Coinbase proposes a new legal test and disagrees with the Court’s rejection of that test, nor can it be supported by Coinbase’s desire for quicker appellate review of its invented test,” the SEC said in the…
Bitcoin’s (BTC) price is taking its time to return to the recent highs. The cryptocurrency is presently at $66,000. However, it is still vulnerable to selling from investors, which could reduce prices. Adding Bitcoin to Wallets Bitcoin’s price is taking hints from both bulls and bears at the moment, as visible in their actions. The exchanges’ balance is a chart that tracks the movement of BTC in and out of exchanges’ wallets. Over the past few months, investors have focused only on accumulation. This is evident from the consistent declines in supply on exchanges. This continued over the weekend when…