Author: NBTC
The Xaman Wallet, a noncustodial crypto wallet built on the XRP Ledger Xahau sidechain, is seeing impressive adoption, which has placed it in the spotlight. According to an update from Wietse Wind, the cofounder of the Xaman Wallet, the protocol is facing a very positive reversal in the monthly active user metric. Xaman Wallet and adoption curve The adoption curve for Xaman Wallet has slowed from its 52-week peak of 164,200 in December 2023. From this level, monthly active users have been dropping and hit a low of 92,362 in mid-September. While the reason for this massive drop remains unknown,…
The U.S. Securities and Exchange Commission (SEC) might look a little different soon. Caroline Crenshaw, who’s been a commissioner since 2020, is up for renomination. President Biden backs her, but not everyone’s on board. The crypto industry, in particular, has made it clear they want her out. Let’s explore why crypto world does not want to see Crenshaw SEC renomination. A Term Extension That Sparks Controversy If confirmed, Crenshaw’s new term would run through June 2029. That’s a big deal. Originally appointed by President Trump, Crenshaw’s record includes a strong stance on crypto regulation. She’s called the crypto market a…
MetaHub has announced its new partnership with VisionGame. This collaboration aims to enhance the Web3 GameFi space, benefiting developers, players, and users. This was posted on the MetaHub X page, to give a preview of the importance of this strategic action. 🚀 PARTNERSHIP ANNOUNCEMENT 🚀MetaHub x VisionGame 🤝We are excited to announce our partnership with @visiongame_ 🎮VisionGame empowers developers, players, and users by creating an ecosystem that meets the diverse demands of the #GameFi space. As a dedicated ecosystem at… pic.twitter.com/uDlbwKt3cs — MetaHub Global (@MetaHubGlobal) December 11, 2024 MetaHub and VisionGame Strengthen GameFi Infrastructure VisionGame has extensive coverage as the…
Known for his accurate market calls, Fundstrat Global Advisors co-founder Tom Lee has released his 2025 outlook that predicts significant gains for Bitcoin. According to Lee, there are two key factors supporting higher growth next year: the Fed’s easing as inflation falls and the incoming Trump administration’s pro-business policies. While the Fed is expected to focus more on employment as inflation is brought under control, potential policy changes from the new administration could boost corporate earnings growth, Lee explained. Lee, a longtime Bitcoin bull, predicts the largest cryptocurrency could rally to $250,000 by 2025. Bitcoin surpassed $100,000 for the first…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. US equities pulled back Monday, easing off last week’s gains as geopolitical tensions, a looming rate decision from the Fed and pending inflation data come to a head. The S&P 500 and Nasdaq Composite indexes dipped after Monday’s open, each trading 0.4% lower at 2:15 pm ET. The share price of Nvidia — Big Tech’s darling that has surged almost 200% this year — slipped on Monday on news that China opened a probe into the chipmaker on suspicions of anti-monopoly law violations. The investigation comes…
The XRP price has failed to rally higher, even though the broader crypto market is fueled with strong bullish momentum. One possibility behind this lackluster performance may be the negative sentiment among XRP supporters and investors. The market has been witnessing selling activities from XRP whales. According to Whale Alert, an XRP whale has transferred about 28 million XRP tokens from their private wallet to Bitso, a Mexico based crypto trading platform. The estimated value of these tokens is worth around $15 million, based on the XRP price at the time of the transaction. Such huge transfers are known to…
President-elect Donald Trump has selected Paul Atkins, former SEC commissioner, to lead the SEC. Atkins is set to replace outgoing SEC Chair Gary Gensler. Many are hopeful that Atkins will undo the damage caused by Gensler, whose leadership led to a loss of trust in the SEC. Retail and institutional investors alike were frustrated under Gensler’s rule, which some believe was influenced by anti-crypto forces like Elizabeth Warren and the banking cartel. One of the key cases that has drawn significant attention is Ripple vs. SEC, which began in 2020. With the recent appointment of Paul Atkins as SEC Chairman,…
Thomas Peterffy, the founder of Connecticut-headquartered brokerage firm Interactive Brokers, has stated that people should hold “some Bitcoin” during a recent interview with Bloomberg Television. That said, he has recommended against having too much exposure to the leading cryptocurrency. “So, I think that anybody who does not have Bitcoin should have some Bitcoin, but not too much,” Peterffy said. The billionaire believes that people should put 2% to 3% of their net worth into Bitcoin. However, investing anyone to invest more than 10% of their assets in the flagship cryptocurrency would be “too dangerous.” The Interactive Brokers founder was initially…
Amid South Korea’s ongoing political crisis, local investors are flocking to alternative assets such as cryptocurrency trading and US shares, even as local stocks continue to fall. Rising Crypto Trading Volume , US Shares in South Korea According to the Korean media outlet Korea Herald, as of last Friday afternoon at 3:30 PM, the 24-hour trading volume of the top five crypto exchanges in South Korea i.e., Upbit, Bithumb, Coinone, Korbit, and Gopax was $14.59 billion. This figure is equivalent to 20.72 trillion Korean won, nearly twice the trading volume of the Kospi that day, which was 10.48 trillion Korean…
Craig Wright, known for his controversial claims of being Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has once again found himself at odds with supporters of XRP and blockchain payments company Ripple. This latest confrontation highlights the continuing friction between Wright and the broader crypto community, which has been ongoing since his first claim of being Satoshi way back in 2016. Wright, who has often criticized projects outside of Bitcoin, took aim at XRP in his latest comments. In the past, Wright had called XRP a “ponzi” and questioned its legitimacy as a decentralized cryptocurrency, sparking a clash with the…