Author: NBTC
The latest data from Ripple and its API service indicates that the firm’s XRP holdings now stand at 45.55 billion, reflecting a decrease of over a billion from the figures reported in the previous quarter. Prominent American payment firm Ripple has published its Q4 2023 report capturing the XRP market. The report reveals Ripple’s XRP holdings at the end of both the third and fourth quarters of 2023. Our latest XRP Markets Report is live — detailing Q4 events in crypto that brought important topics such as compliance and anti-money laundering to the forefront, key regulatory and licensing wins, and…
In a recent post, Blocksteam CEO Adam Back, a prominent figure in the cryptocurrency world, has predicted that Bitcoin could potentially surpass the $700,000 mark if it manages to capture the market capitalization of gold, which currently stands at approximately $13.5 trillion. Back’s comment was in response to observations that Bitcoin is not only attracting significant investment flows but is also leading to a decline in gold investments. If Bitcoin continues to draw funds away from gold, causing both assets to meet in the middle in terms of value, such a scenario could significantly elevate Bitcoin’s price. This comes amid…
Aerodrome Finance’s native token AERO surged 152% Tuesday after Base Ecosystem Fund acquired a position in it. Aerodrome Finance is recognized as the predominant liquidity protocol on the Base blockchain, commanding a market share exceeding 30%. With $134 million in total value locked (TVL), as reported by DefiLlama, Aerodrome’s prominence in the blockchain ecosystem is undeniable. The Base blockchain, a layer-2 network established by Coinbase, has garnered significant attention and growth, amassing $420 million in TVL since its inception in June. The involvement of the Base Ecosystem Fund in Aerodrome Finance was publicly announced via a tweet from Aerodrome, expressing…
E-commerce giant eBay is said to have cut 30% of staff at NFT marketplace KnownOrigin. As the NFT frenzy has cooled off, those who jumped on the bandwagon are now dealing with the consequences. Ebay has reportedly fired staff at KnownOrigin, an NFT marketplace it acquired in 2022, NFTGators has learned, citing people close to the matter. According to the sources, eBay has fired its business and strategy officer Stefanie (Stef) Jay, who was appointed for the role in May 2021. KnownOrigin co-founder David Moore has reportedly also “been made redundant. With the latest move, eBay has halted all plans…
The deadline for the U.S. Securities and Exchange Commission (SEC) to approve a spot ether (ETH) exchange-traded fund (ETF) is just months away, and analysts are divided on the odds of the regulator greenlighting such a product. Legal experts Jake Chervinsky and Scott Johnsson have cast doubt on the likelihood of a positive outcome. “Many people seem to assume that because the SEC gave up fighting against the spot BTC ETF, they’ll do the same on ETH. I’m not sure,” Chervinsky said on the X social media platform. Regulatory hurdles Scott Johnsson cautioned investors to prepare for the possibility of…
Ithaka Finance, a non-custodial, composable options protocol aimed at building permissionless cross-chain infrastructure enabling optimal risk sharing across time and event horizons, is announcing a pre-seed round for its new on-chain options protocol on January 31, 2024, per the latest information shared with Finbold. The $2.5 million pre-seed funding round boasts a long list of prominent names and is led by Cumberland and Wintermute Ventures. Additionally, it features angel investors Andrew Keys of DARMA Capital, Stan Miroshnik of TenSquared Capital, and Georgios Vlachos of Axelar, as well as Room40 Ventures and Ghaf Capital Partners. Commenting on the round, Cumberland highlighted…
Starknet Foundation announced on Wednesday that STRK, the native token for the Ethereum layer-2 blockchain Starknet, will be airdropped on Feb. 20, with roughly 1.3 million wallets eligible to receive it. According to the foundation, there are several types of users that qualify for the 728 million token airdrop, or as they call it “provisions,” and they have until June 20 to claim their tokens. Starknet is a layer-2 blockchain that makes use of zero-knowledge cryptography. The long awaited arrival of the STRK token will be used to fuel “community participation and project governance,” Starknet Foundation said in a press…
Crypto analyst Kevin Svenson believes Bitcoin (BTC) could rally to a key resistance level ahead of the halving event. In a new strategy session, the trader tells his 72,000 YouTube subscribers that the flagship digital asset’s upward momentum could take it to $60,000 before the April halving event, when miners’ rewards are cut in half. “So the area in between $57,500 and about $60,000, the trap liquidity target, that is the next major area of resistance in my opinion. And that is the area that I’m targeting as we’re moving into the halving. If we keep up this momentum, the…
The new ERC-404 token standard presents promises and uncertainties for traders and digital art enthusiasts. But is it a reliable solution? The experimental ERC-404 standard aims to solve the liquidity problem of NFT collections. It merges the characteristics of ERC-20 fungible tokens with ERC-721 non-fungible tokens. ERC-20 serves as a protocol standard governing token issuance on the Ethereum network, facilitating the exchange of tokens based on predefined rules. Conversely, ERC-721 operates as a standard for non-fungible tokens, enabling developers to tokenize ownership of various data on the Ethereum blockchain using Solidity language. Typically, ERC-20 and ERC-721 standards cater to fungible…
Spot ether ETFs have roughly a 60% chance of being approved in May, according to Bloomberg Intelligence analyst James Seyffart. Earlier this week, the Securities and Exchange Commission delayed decisions on the potential BlackRock and Grayscale ether ETFs. Alongside BlackRock and Grayscale, Ark 21Shares and VanEck are also in the running for a spot ether ETF. The delays were not surprising, according to experts who expect the SEC to put off a decision on the ETFs until later this year. The SEC, earlier this month, approved a slew of bitcoin ETFs. Read more: Race for a spot ether ETF begins…