Author: NBTC
reAlpha, a real estate technology company that leverages artificial intelligence (AI) technologies, has announced a move to integrate cryptocurrencies into its treasury strategy. The company’s board of directors approved an investment policy that allows up to 25% of its excess cash beyond the estimated six months of operating expenses to be allocated to cryptocurrency purchases. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) were designated as the company’s primary treasury reserve assets. “This initiative, approved by the board, demonstrates our forward-looking approach to capital management,” said Giri Devanur, CEO of reAlpha. “By allocating a portion of our excess cash to crypto…
As Ripple secures the much-anticipated regulatory approval to list its stablecoin RLUSD, industry experts are weighing in on how RLUSD’s launch could impact the price of XRP. In a commentary on X, software engineer Vincent Van Code, and XRPL validator Vet offered contrasting perspectives on XRP’s price trajectory in light of RLUSD’s arrival. They highlighted both bullish possibilities and pragmatic limitations. How RLUSD’s Launch Could Impact XRP Price Van Code noted that the New York Department of Financial Services (NYDFS)’s approval of RLUSD has already raised XRP’s price from $1.90 to $2.35. However, he described this surge as a “speculative…
FTX is approaching the final stages of its bankruptcy process with an announcement of a new timeline for a significant $16 billion reimbursement plan for its creditors. Set to commence on January 3, 2025, this move marks a critical milestone in resolving one of the most dramatic collapses in the cryptocurrency industry. The reimbursement strategy comes after the Delaware bankruptcy court’s endorsement of FTX’s Chapter 11 reorganization plan in October, a significant step aimed at rectifying the financial turmoil following its public implosion in November 2022. Under the approved plan, the estate will initiate the payment process, starting with the…
Donald Trump’s next financial war might not be with BRICS nations or even the Federal Reserve. It’s likely going to be with himself. The former president, back in power and already stirring up global drama, may soon face an impossible decision: save the U.S. dollar or bet big on Bitcoin. For a man who thrives on chaos, the stakes couldn’t be higher. On one side, Trump is aggressively defending the dollar’s dominance, threatening a 100% tariff on BRICS countries if they move forward with plans to ditch the greenback. On the other, his rumored Bitcoin reserve plan could make the…
Layer 3 protocol Orbs has announced the launch of Liquidity Hub V2, described as a significant upgrade to the infrastructure solution it introduced last year. The latest iteration builds upon the success of its predecessor, operating as an L3-powered meta aggregator that lets DEXs pull liquidity from anywhere, delivering optimal pricing without manual liquidity sourcing. To date, Liquidity Hub has been integrated into nine protocols and blockchains since being launched in partnership with Polygon-based decentralized exchange (DEX) QuickSwap. What’s New with Liquidity Hub 2.0? Designed to address long-standing challenges in the multichain ecosystem, the original Liquidity Hub unified fragmented liquidity…
Elvira Nabiullina, Governor of the Central Bank of Russia, reaffirmed the institution’s position against the use of cryptocurrencies for domestic payments. Speaking at a recent press conference, Nabiullina stated, “We continue to believe that cryptocurrencies should not be used as a means of domestic payment,” according to Reuters reporting. This stance aligns with Russia’s current legislation, which prohibits the use of digital assets for transactions within the country. However, Nabiullina emphasized the central bank’s support for using cryptocurrencies in international trade as a way to mitigate the impact of Western sanctions. “We do agree, support, and promote projects related to…
Bitcoin (BTC), Federal Reserve Chair Jerome Powell said yesterday, is not a competitor of the U.S. dollar but to gold. Not only did the largest cryptocurrency by market capitalization soar through $100,000 during Asia trading hours, reaching a record $104,000, it’s also at an all-time high when priced in gold, worth about 39 ounces, breaking through the last remaining resistance level for that trading pair. It has also hit records against silver and the S&P 500. The price action means bitcoin is now an over-$2 trillion asset class, with its sights on overtaking Google (GOOG), whose market cap is $2.14…
Aave price reached a 3-year high of around $395 this month, after TVL, fee, and revenue growth. AAVE token is currently trading at $333, with around 10% price rise in the last 24 hours. Since the return of the bull run as the year comes to end, several altcoins recorded huge price surges following Bitcoin. However, the major cryptocurrencies are trading in red for the past week, Bitcoin and Ether returning to $95K and $3.3K price ranges respectively. The total DeFi trading volume is reminiscent of the days of 2021, amounting to $10.54 billion. Aave regained its position as the…
Tether, the largest stablecoin issuer, plans to launch an AI platform by March 2025, according to CEO Paolo Ardoino’s announcement on X. “Just got the draft of the site for Tether’s AI platform. Coming soon, targeting end Q1 2025,” Ardoino wrote. The move comes as AI-related discussions dominate the crypto sector. On December 16, AI accounted for 51% of crypto conversations based on Kaito data. As of December 20, this has retraced to 35%, but AI still leads as the top narrative, with DeFi ranking second at 10% mindshare. AI-focused projects have seen substantial market activity, with one of the…
As the winter season warms up, so does the price fluctuation and enthusiasm within the crypto markets, especially in the meme space. CULT has caught the attention of enthusiasts and investors alike. The crypto’s rapid ascent and the dramatic plunge made significant waves in the crypto space. According to Spot on Chain, despite CULT’s controversial launch and current extreme volatility, many savvy traders are still rushing to accumulate the tokens. In the last two days, the on-chain analytics platform spotted two whales who recently bought Cult DAO to rebalance their portfolios and capitalize on the meme coin’s potential. $CULT (@MiladyCult)…