Author: NBTC
Ripple’s CTO David Schwartz recently shared some thoughts on the company’s media strategy during its three-year legal battle with the Securities and Exchange Commission. The case ended with Ripple getting a partial victory, after they argued that XRP, the cryptocurrency associated with Ripple, should not be classed as a security. The court concluded that XRP is not a security, but the crypto company was fined for selling coins to institutional clients. This clarified the asset’s status, which has big implications for both the San Francisco-based company and the wider crypto market. Schwartz talked about the challenges Ripple faced in dealing…
Ethereum (ETH) endured a turbulent week, plunging to a massive low of $2,065 amid geopolitical trade war tensions before rebounding as investors capitalized on discounted prices, currently down 2.1% over the last day. Trade War Fears Rock ETH Ethereum opened the week at $3,200-$3,400 but crashed to a significant low of $2,065 on Feb. 3 as U.S. trade tariffs triggered a crypto-wide selloff. Prices rebounded sharply to $2,780 by Feb. 4, driven by whale accumulation and record ether exchange-traded fund (ETF) volumes totaling $1.5 billion. Despite the recovery, ETH remains 10% below its January close, reflecting persistent macroeconomic uncertainty. ETH…
According to a report by Phoenix Group, Real World Asset (RWA) projects make strides in the market with remarkable social engagement. Phoenix Group, a crypto analytical platform, has unveiled the latest rankings of top RWA projects by social activity by collaborating with LunarCrush. These projects are captivating the traction of the crypto community, highlighted by the report. $LINK, $AVAX, $ONDO, $INJ, $ICP, $VET, $QNT, $PROPS, $TOKEN, and $BKN have been the main attractions in the crypto market today. TOP #RWA PROJECTS BY SOCIAL ACTIVITY$LINK $AVAX $ONDO $INJ $ICP $VET $QNT $PROPS $TOKEN $BKN pic.twitter.com/WULMgXKuIf — PHOENIX – Crypto News &…
The chief lawyer of U.S. crypto exchange Coinbase (COIN) testified about the abuse of authority from regulators who erected barriers between banks and crypto firms in a hearing of the House Financial Services Committee on Thursday, marking the latest advance in the digital assets industry’s reversal of policy resistance in Washington. Coinbase Chief Legal Officer Paul Grewal’s complaints about “regulation by exhaustion” were met with wide agreement from Republican lawmakers eager to criticize the Biden administration’s crypto performance. The lawmakers also agreed with Grewal’s view that financial regulators such as the FDIC publicly insisted that they weren’t against crypto while…
Jito, the biggest liquid staking project on Solana, is doing well as the total value locked (TVL) in its platform and its fees hit a record high. According to data on its website, Jito (JTO) has a TVL of 14.6 million SOL, equivalent to $2.7 billion. This volume makes it the 14th biggest player in the decentralized finance industry and the third-largest liquid staking protocol after Lido and Binance Staked ETH. Jito is beating Solana, Ethereum, and Uniswap this year Jito has almost 150,000 users and has also flipped Solana (SOL), Ethereum (ETH), and Uniswap in fees made this year.…
Meta CEO Mark Zuckerberg visited the White House on Thursday to discuss Meta’s role in helping the Trump administration with America’s international tech leadership. In an X post company spokesman, Andy Stone said: Mark Zuckerberg was at the White House today to discuss how Meta can help the administration defend and advance American tech leadership abroad. Andy Stone The meeting comes just weeks after Zuckerberg attended Trump’s inauguration at the Capitol and appeared to get closer to the president’s circle. Zuckerberg aligns Meta with the Trump administration Facebook co-founder Mark Zuckerberg has repeatedly expressed optimism in recent weeks that President…
Bitcoin’s price has finally climbed back above the $100K mark but is yet to create a new record high. However, judging by the current price action, it is quite likely to do so soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been rising since rebounding from the $91K support level. Yesterday, the price broke above the $100K level and closed above it on the daily timeframe. If bitcoin is able to hold above the $100K level, a rally higher and a new record high would be imminent. The 4-Hour Chart Looking…
Cryptocurrency analytics firm Alphractal has released its latest report shedding light on the impact of macroeconomic changes on Bitcoin and altcoins. The report focuses on the ongoing decline in the Effective Federal Funds Rate (EFFR) and its potential impact on traditional markets and digital assets. Alphractal points out the ongoing decline of EFFR by noting its historical correlation with major economic events. Declining EFFR levels, especially when paired with other macroeconomic metrics, often signal financial crises or shifts in monetary policy. The report includes a chart that marks periods when the EFFR fell with grey areas and significant rate changes…
A group of Bank of America customers are joining together to sue the US financial giant. A proposed class action lawsuit alleges BofA promised to hand a trove of reward points to new credit card customers, as long as they spent $3,000 within 90 days. But according to plaintiff Jean-Baptiste Boyer-Gomez, the bank has routinely short changed customers who signed up for the Air France KLM World Elite Mastercard. BofA promised 70,000 bonus miles and 40 experience points when customers met the requirements. Instead, the bank allegedly executed a “bait and switch” by applying a different promotional offer without proper…
Last month at the New York Times DealBook Summit, political analyst and media personality Van Jones admitted that the Democrats made a fatal mistake in not only largely disregarding the crypto voter but in acting against them during the last election cycle and more broadly during President Biden’s time in office. “50 million people bought some crypto — that’s a bet on [the] future,” said Jones. “They’re trying to get to a better future. Joe Biden, Kamala Harris, Elizabeth Warren beating the hell out of crypto was not smart,” he added. CNN host @VanJones68 says, “Democrats ran people out of…