Author: NBTC
The President and CEO of Miles Franklin Precious Metals Investments has argued that XRP offers people a lifetime opportunity to become wealthy without taking on significant financial risks. Andy Schectman, CEO of Miles Franklin Precious Metals Investments, expressed his optimistic view on XRP during a podcast conversation with Versan Aljarrah, the founder of Black Swan Capitalist. XRP Offering Lifetime Wealth Opportunity Notably, Schectman shared this sentiment within the economic discourse of dollarization. He highlighted that dollarization entails a shift from the dollar as the sole global reserve currency. He underscored the importance for individuals to accept, embrace, and adapt to…
The countdown to Bitcoin’s highly anticipated halving event is on, with fewer than 10,000 blocks left as of Feb. 12. According to the Bitcoin Halving Clock, approximately 9,843 blocks remain before the event, which is estimated to occur by April 17. The halving event is significant for the crypto industry because it enhances Bitcoin’s scarcity by reducing miner rewards. CryptoSlate Insight reported that the event would slash the number of BTC produced daily by miners to 450 BTC from 900 BTC. Historically, BTC halving has usually been followed by an increased difficulty in mining the top crypto asset and a…
Discover how Ethereum’s shift to PoS and liquid staking protocols transform blockchain technology and address the 32 ETH staking challenge. Ethereum staking has revolutionized the way we use and interact with blockchain technology. With its security now relying on capital rather than computing power, Ethereum’s (ETH) shift to proof-of-stake (PoS) offers numerous benefits, including a reported 99% reduction in the network’s carbon footprint. However, it still presents several drawbacks, chief among them being the 32 ETH economic requirement for participants to run a dedicated node on the network. You might also like: What is proof-of-stake (PoS)? Liquid staking protocols: what…
On January 17, CCData, an FCA-authorized benchmark administrator and a leader in digital asset data and index solutions, announced the launch of its Digital Asset (DA) Fixings Benchmark Family. This new offering aims to transform digital asset trading by providing an end-of-day reference price for digital assets, tailored to meet the specific needs of institutional stakeholders. The DA Fixings Benchmark Family is based on CCData’s FCA-regulated CCIX benchmark (formerly CCCAGG). CCData has evaluated over 200 centralized and decentralized cryptocurrency exchanges globally to develop this benchmark. The methodology includes a 24-hour volume-weighted average, a time penalty factor, and an outlier detection…
Solana Foundation strategy manager Austin Federa made interesting statements about the future of Solana (SOL), which has become one of the most talked about cryptocurrencies recently. Federa addressed the issue of an altcoin being an ‘Ethereum killer’, which came to the fore shortly after the launch of Ethereum in 2015, through Solana. “I don’t think any project out there wants to be an Ethereum killer,” he said. “I would say you can’t kill Ethereum just like you can’t kill Bitcoin or Linux. This also means that killing Solana will not be easy.” He emphasized that these networks are operated by…
Bitcoin has once again raised a cautionary alert to traders as its 30-day market value to realized value ratio (MVRV) has gone above 11.50%. This movement has in the past coincided with the beginning of a short-lived correction phase for the cryptocurrency, suggesting that the market is volatile. However, at press time, Bitcoin’s (BTC) trend was still positive, with the bulls’ skyrocketing price to $49,000. On-Chain Indicators Highlight Increased Risk Several signals on the Glassnode platform, an analytical tool, have recently been highlighted as “very high risk” using on-chain indicators. Among these, the recent crossing of the threshold by the…
In a recent development in the volatile cryptocurrency space, an Ethereum whale has made a substantial move, transferring about 15,000 ETH, valued at approximately $37 million, to the leading crypto exchange, Coinbase. The blockchain transactions tracking platform, Whale Alert, brought attention to this significant transfer, igniting curiosity among crypto enthusiasts and triggering a drop in Ethereum’s market price. Ethereum Whale Move Triggers Concern On Price Whale Alert reported the transfer of 14,699 ETH, equivalent to $37.58 million, from an unknown wallet to Coinbase, raising eyebrows in the crypto community. This sizable movement seems to have impacted the current performance of…
Specialist investment firm Deus X has teamed up with Fabiano Consulting to explore investment and strategic opportunities in the bitcoin (BTC) mining sector. The firms are looking to be investors and treasury management providers for mining companies that are looking for funding and strategic advice, including expansion and corporate structuring, according to a statement. Deus X is a family office-backed investment firm with Tim Grant as CEO and $1 billion in assets. Grant previously held many executive roles, including Head of EMEA at Mike Novogratz’s Galaxy Digital (GLXY), CEO of SIX Digital Exchange, and also worked at TradFi giant UBS.…
In a significant move within the blockchain arena, Mina Protocol, renowned for its innovative approach as a lightweight blockchain solution, has made headlines with its announcement regarding the progression of Testworld Mission 2.0 and the anticipated upgrades to its mainnet. Spearheaded by the proficient team at O(1) Labs, these developments herald a new phase of evolution for the Mina Protocol, aiming to bolster its infrastructure and enhance its operational efficiency. Mina Protocol’s Testworld Mission 2.0: A leap forward At the heart of the progression is the Testworld Mission 2.0, a pivotal initiative designed to rigorously test and refine the capabilities…
Bitcoin has surged past the $50,000 mark, a price point that has historically been both a psychological and financial milestone for the digital currency. This breakthrough comes amidst a period where relative Google search volumes for Bitcoin are at an all-time low. This indicates a divergence in public interest versus the asset’s financial performance. This pattern is being hailed by some analysts as the dawn of a “new era” for Bitcoin, indicating a possible shift in the factors driving the cryptocurrency’s valuation. Subdued curiosity Cryptocurrency analyst Yassine Elmandjra of ARK Invest took to X, noting the curious juxtaposition of Bitcoin…