Author: NBTC
Ripple CTO David Schwartz recently hinted at his intentions for XRP, wanting the XRP price go up. In response to a user who alleged that the XRP price is being suppressed, Schwartz replied confirming his holdings in XRP, “I hold XRP. If there was some way I could get the price of XRP to go up, I assure you that I would do it.” I hold XRP. If there was some way I could get the price of XRP to go up, I assure you that I would do it. — David “JoelKatz” Schwartz (@JoelKatz) September 20, 2024 In another…
Crypto industry participants and American lawmakers believe Gary Gensler should leave the Securities and Exchange Commission in 2025. Representative French Hill said the U.S. SEC should see new leadership next year, regardless of which party controls the White House. Hill and other Republican policymakers have frequently criticized Gensler for the SEC’s failures in recent years and for refusing to provide a clear digital asset regulatory framework. Gensler’s approach to digital assets and blockchain has come under particular scrutiny as the U.S. has seen an uptick in crypto adoption. According to Chainalysis, America ranks fourth on the Global Crypto Adoption Index.…
Smart Whale tracker Lookonchain has reported that a short while ago, Galaxy Digital transferred a hefty amount of Bitcoin to the Coinbase Prime exchange. This investment fund focused on cryptocurrencies is spearheaded by the renowned Bitcoin bull and former Goldman Sachs partner Mike Novogratz. Those were four massive transfers that carried a total of 1,652 BTC worth $89,928,189. Galaxy Digital deposited 1,458 $BTC($78.5M) to #CoinbasePrime 8 hours ago. pic.twitter.com/y0G1jcXJtv — Lookonchain (@lookonchain) September 7, 2024 The cryptocurrency community was set abuzz by the news of this transfer to Coinbase Prime as multiple crypto enthusiasts left comments under the tweet, expressing…
The segment of AI meme cryptocurrencies, i.e., meme coins using artificial inteligence narratives in various ways, is rocketing today despite the pale performance of the rest of the altcoins. Turbo (TURBO), which is promoted as the first-ever AI-generated meme coin, leads the charge. Elon Musk-inspired GROK adds 14%: AI meme frenzy Today, Sept. 20, 2024, the AI meme cryptocurrencies segment is the top performer in crypto, according to CoinGecko statistics. The coins of this category added almost $100 million in capitalization in 24 hours. Amid the top 200 cryptocurrencies by market capitalization, Turbo (TURBO) is a top gainer, with a…
Ripple has thrown millions behind Kamala Harris. What’s the real agenda here? Is this about politics, or is Ripple gearing up for something bigger with XRP? Table of Contents Ripple’s split personality hits Ripple’s political pivot A strategy of survival? Ripple eyes XRP ETF Ripple’s split personality hits Ripple, the blockchain giant behind XRP, has always been in the spotlight for something or the other. Lately, though, it seems Ripple is stepping up its political game, especially with some eye-catching statements from its CEO, Brad Garlinghouse. During the D.C. Fintech Week event, Garlinghouse gave a rare nod to Democratic presidential…
The dominance of Bitcoin spot trading volume has reportedly hit back to the pre-spot ETF levels. As per Ki Young Ju, the chief executive officer of the popular on-chain analytics platform CryptoQuant, this development might get attention, it does not necessarily denote the bull run’s ending. The CryptoQuant CEO took to his official social media account to discuss the current outlook of this volume. Coinbase’s #Bitcoin spot trading volume dominance is back to pre-spot ETF levels.For the bull cycle to continue, U.S. demand needs to rebound. I expect this in Q4, but I could be wrong.We’re mid-cycle and haven’t hit…
DWF Labs, a Web3 market maker and multi-stage investment firm, has partnered with GraFun, a meme coin platform on BNB Chain. This collaboration aims to bolster liquidity and transparency for memecoins launched on the GraFun platform, offering a more robust trading environment. GraFun Manages Memecoin Market With DWF Labs GraFun is a platform that enables the launch and trading of memecoins on the BNB Chain, utilizing a Fair Curve model. This model addresses price manipulation issues and pump-and-dump schemes, ensuring stability and fairness in token launches. With over two million on-chain registrations and 11 waitlisted registrations in just three days,…
South Korea’s Financial Services Commission (FSC) is preparing a bill to create stricter qualifications for major shareholders and reform the governance structures of virtual asset exchanges, according to Chairman Kim Byung-hwan. The announcement came during a comprehensive state audit conducted by the National Assembly’s Political Affairs Committee on October 24. “Currently, there is no legal basis for investigating large shareholders under existing laws such as the Private Financial Information Law or the Virtual Asset Users Protection Law,” Chairman Kim said. Chairman Kim added that a revision to the Private Financial Information Law has been submitted to the National Assembly to…
The exclusive statistics regarding Bitcoin reveal a critical development dealing with its halving cycle. As per the crypto intelligence firm IntoTheBlock, the current $BTC halving cycle has seen a price decline of up to 12% from $63.9K (its halving price). The platform took to social media to offer insights into the respective development. This chart shows the returns in each halving cycle🔴The current cycle marks a ~12% price decrease from its halving price of $63.9K🟢Historically, the average time between Bitcoin’s halving event and the next peak is around 480 days, which would place it in the summer of 2025. pic.twitter.com/ZTraSvbegk…
Ethereum has been rejected from the crucial 100-day MA of $2.7K, indicating a bull trap. This price action hints at sellers’ dominance, with the asset expecting to continue its descending consolidation stage toward the $2.1K threshold. Technical Analysis By Shayan The Daily Chart Ethereum recently experienced a surge that breached the 100-day moving average at $2.7K and the neckline of an inverted head and shoulders pattern, triggering a short liquidation event. This initial move was a bullish signal, briefly sending the price higher. However, a rejection at the $2.7K level has led to a 12% decline, pushing the price back…