Author: NBTC
Traditional remittance giants like Western Union and MoneyGram are struggling to keep pace in an evolving financial ecosystem increasingly shaped by stablecoins. According to Matthew Sigel, Head of Digital Assets Research at VanEck, downloads of remittance giants apps have dropped significantly, with Western Union seeing a 22% decline and MoneyGram experiencing a 27% reduction. Meanwhile, this drop isn’t limited to app downloads. The number of monthly active users (MAU) engaging these platforms has remained under 3 million since 2021. From January to November 2024, these platforms have faced steady declines in user activity, signaling a shift in consumer behavior. The…
The recent fluctuations in Bitcoin’s price have sparked discussions about the resilience of altcoins in the current market climate. With Bitcoin’s dominance receding, altcoins are starting to emerge as potential ‘safe havens’ even as they remain tethered to Bitcoin’s volatility. According to a source from COINOTAG, “Altcoins are showing signs of evolution but remain influenced by Bitcoin’s price movements.” Explore the evolving dynamics of Bitcoin and altcoins in a volatile market landscape, emphasizing their unique strengths and dependencies. Understanding Bitcoin’s Influence on Altcoins Bitcoin, long regarded as the titan of the cryptocurrency market, significantly impacts altcoin performance. The recent shifts…
Whale wallets are offloading a part of their DeFi token holdings, as the entire sector is unwinding from a recent all-time high. DeFi tokens peaked in total market capitalization, leading to a round of profit-taking. Whales are taking profits from DeFi tokens, trying to lock in the gains of what looked like a short-term altcoin market. The profit-taking originates from individual wallets but reflects a trend for the whole sector. DeFi tokens as a whole reached a new peak in 2024, driven by the growth of Aave (AAVE) and other platform tokens. According to data from DeFiLlama, DeFi expanded its…
The official X account of the layer-2 blockchain Shibarium @ShibariumNet spreads the word about launching major upgrades for the Shibarium mainnet. Heimdall and Bor hardforks upgraded The tweet revealed that the upgrade includes the recent updates on the Heimdall and Bor hardforks, as well as a new contract for burning SHIB meme coins. According to the post, the current upgrade makes the Shibarium mainnet compatible with Ethereum’s Dencun hardfork and the features that it brought to the second largest blockchain platform. The guidance documents published by the team recommend to first run the Heimdall upgrade and then move on to…
With the January 15 deadline for the US SEC to file an appeal brief fast approaching, a notable legal expert thinks the regulator will pursue the course. The US Securities and Exchange Commission (SEC) surprised the crypto community when it appealed Judge Analisa Torres’ August 7 final ruling in its case with Ripple. The securities watchdog filed an appeal notice on October 2 and a Form C providing the details 15 days later. Following the Form C, the SEC had about 91 days to file its main brief on the reopened case. According to reports, the agency requested in late…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is down -3.65% today against the US Dollar BTC/ETH decreased by -5.96% today Bitcoin is currently trading 10.56% below our prediction on Nov 30, 2024 Bitcoin gained 38.98% in the last month and is up 149.65% since 1 year ago BTC price is expected…
Kyber Network, a prominent multi-chain crypto trading and liquidity hub, has announced the exclusive launch of ‘Kyber Earn’. This launch aims to transform the interaction between DeFi Liquidity protocols and the users. The complexities of DeFi are simplified by this new advancement. This interface creates a more accessible and profitable DeFi for both seasoned traders and newcomers. After months of hard work, we’re beyond excited to unveil Kyber Earn—a game-changing way to interact with your DeFi Liquidity Protocols! 🎉From one intuitive interface, you can:✅ Access multiple Major DeFi liquidity Protocols effortlessly✅ Check & Earn real-time APR from… pic.twitter.com/GnyZhr2vvC — Kyber…
The trading volume of popular cryptocurrency XRP on the leading U.S. crypto exchange over the past 24 hours has temporarily exceeded the combined turnover of Bitcoin (BTC) and Ethereum (ETH) today. According to data presented on CoinMarketCap, the turnover of XRP on Coinbase during the period in question amounted to almost $2 billion, while the trading volume of BTC and ETH amounted to no more than $1.9 billion, of which the main cryptocurrency was responsible for almost 79%. Therefore, the dominance of XRP in terms of volume on the largest exchange in the U.S. at one point amounted to more…
John E. Deaton, a crypto lawyer and XRP advocate, recently used his X account to highlight how big money has shaped US politics. Deaton pointed to Sam Bankman-Fried (SBF), the former CEO of FTX, who donated $70 million to political campaigns during the 2022 midterms, mostly supporting Democratic causes. The truth is we need to get big money out of politics. The Bernie Madoff of Crypto, @SBF_FTX, donated $70M in the 2022 midterms for Democrats, coming only second to George Soros.At his trial for the @FTX_Official Fraud, testimony proved SBF donated $10M to Biden’s… https://t.co/tE0EGvud5a — John E Deaton (@JohnEDeaton1)…
Asset managers have weighed in on Trump’s proposed U.S. bitcoin reserve, reflecting divisions over digital assets in national economic strategy. Asset Managers Divided Over Bitcoin Reserve in Nation’s Bold Strategy Discussions about establishing a U.S. strategic bitcoin reserve have intensified following President Donald Trump’s re-election. Several asset management firms and financial analysts have voiced their perspectives on the idea of a strategic bitcoin reserve for the U.S. Among financial institutions, Vaneck has taken a direct stance in favor of a bitcoin reserve. Matthew Sigel, Vaneck’s head of digital assets research, stated on social media platform X last week: Vaneck endorses…