Author: NBTC

Ripple Labs, originally named OpenCoin, was founded to create a decentralized system for faster, cheaper transactions, bridging digital assets with mainstream finance using XRP. Unlike Bitcoin, Ripple employs a unique consensus algorithm relying on bank-controlled validators. In 2020, the SEC sued Ripple, alleging XRP was an unregistered security. A court later ruled XRP was not a security for retail sales but found violations in institutional sales. With a new crypto-friendly SEC administration, Ripple hopes for regulatory clarity and has urged the agency to drop the case initiated under former SEC Chair Jay Clayton. SEC v. Ripple complete timeline The legal…

Over the past 24 hours, a staggering $903 million worth of BTC has been moved in various transactions, sparking speculation about the reasons behind such large transfers. Blockchain data tracker Whale Alert spotted 10 separate Bitcoin high-value transactions, with BTC being moved between unknown wallets and major exchanges, mostly involving Kraken, but also including Binance and Robinhood. 🚨 🚨 🚨 620 #BTC (58,495,235 USD) transferred from #Kraken to unknown wallethttps://t.co/0YvAcenIyX — Whale Alert (@whale_alert) January 11, 2025 The transactions, which total over $903 million BTC moved, are as follows: 620 BTC worth $58,495,235; 888 BTC worth $83,875,225 and 1,027 BTC…

The cryptocurrency market, led by Ethereum (ETH) and Bitcoin (BTC), shed more than $500 billion in net valuation since Friday to hover about $3.16 trillion on Monday, February 3, during the early Asian session. Following the heavy deleveraging in the crypto market, more than $2.1 billion was liquidated in the past 24 hours, higher than the FTX and COVID-19-induced crypto crashes. Bitcoin price has dropped more than 10 percent in the past two weeks to retest a crucial support level above $91k. Ethereum price shed more than 30 percent in the past two weeks to retest the multi-month support level…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Advance Q4 GDP estimates show growth slowed more than expected at the end of 2024, but annual growth still came in at a healthy level. The Bureau of Economic Analysis says the US economy grew by 2.8% in 2024, down slightly from 2023, which saw a 2.9% increase. 2% is the accepted threshold for developed countries. Inflation-adjusted GDP for the final months of 2024 came in at 2.3%, lower than projections of 2.4%. Q3 GDP was adjusted to 3.1% growth. Personal spending in Q4 was up…

Multicoin Capital was one of Solana’s early investors. Now it’s trying to change the network’s inflation mechanism. The Austin, Texas-based firm published a Solana Improvement Document this morning that would change SOL emissions from the current fixed schedule to a market-based solution. Multicoin’s proposal would likely drive down inflation — which dilutes SOL holders — but would also lower staking yields, which are a boon for SOL stakers. In Solana terms, inflation refers to the network issuing SOL to the validators who run Solana’s software and help build the blockchain. Validators then pass this issuance along with some MEV rewards…

Japan’s Finance Minister, Katsunobu Kato, announced that the government will review the nation’s crypto tax laws by the end of June 2025. This comes in response to growing concerns about Japan’s existing tax regulations for crypto traders. According to Iolite, Kato made the announcement during a plenary session of the House of Representatives on January 31, 2025. He explained that the Financial Services Agency (FSA) would lead the review, with proposals from the ruling Liberal Democratic Party (LDP) on potential changes to the tax system. The review is expected to include recommendations for necessary legislative amendments. “We are discussing the…

The world of decentralized finance (DeFi) is going through a consistent expansion with the launch of the latest DeFi protocols. As per data from CoinRank, an on-chain crypto aggregator platform, 10 new DeFi protocols went live this week, displaying massive TVL growth. Coffer Network, Libre Capiital, and Overnight Finance were significant among the newly launched DeFi protocols. 📊 10 new DeFi protocols launched this week, +1 from last week! 🚀🔹 Perena: TVL $19.16M🔹 Overnight Finance: TVL $23.69M🔹 Uniswap V4: TVL $11.61M🔹 Libre Capital: TVL $81.95M🔹 Origin Sonic: TVL $2.36M🔹 Shadow Exchange Legacy: TVL $2.45M🔹 Beets DEX V3: TVL $7.44M🔹… pic.twitter.com/RnxSd5Y9QX…

Ethereum price started a fresh decline below the $3,000 zone. ETH is down over 25% and the bears seem to be in control below $2,770. Ethereum started a fresh decline below the $3,000 support zone. The price is trading below $2,800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it stays above the $2,200 level. Ethereum Price Nosedives Ethereum price started a major decline below the $3,000 level, underperforming Bitcoin. ETH declined…

Following a string of high-profile collapses and bad press in 2022, crypto largely felt like its own market sector from which the rest of the tech world kept a cautious distance. With a memecoin-brandishing President Trump now in office, that seems to be shifting: The techies like memecoins. Since Trump came to office, several more-mainstream tech players have either launched or endorsed memecoins — a couple of which have seen major price drawdowns, like the TRUMP token. It’s perhaps a sign that animal spirits are back in crypto, and tech players want a seat at the table, past qualms be…

While a litecoin (LTC) exchange-traded fund is still only theoretical, investor demand for the product could soar as high as $580 million if Wall Street adopts it at the same rate it did LTC’s better-known cousin bitcoin. That calculation is based on the roughly 6% of bitcoin’s total supply now locked up in a variety of ETFs. Similar performance by a LTC product would yield more than $500 million of inflows for the token, which has a similar Proof of Work consensus mechanism to that of BTC. These possibilities came into focus Thursday as market participants began sizing up the…