Author: NBTC
In a recent and somewhat unexpected Bitcoin-related post, Ripple CTO David Schwartz clarified his thoughts regarding crypto holding and selling strategies. Schwartz shared an approach from his personal Bitcoin holdings, shedding light on the behavior of Bitcoin’s early investors, particularly those from the early days of the cryptocurrency’s rise. The Ripple CTO stated, “When I was long Bitcoin, I sold when I needed anything — to pay taxes, to buy a new computer, and so on,” shedding light on his crypto strategy. During Bitcoin’s first significant bull run, many companies began accepting it as payment, with Schwartz highlighting a trend…
Widely followed analyst and trader Michaël van de Poppe believes that Ethereum (ETH) could suddenly take off on a massive rally for one main reason. Van de Poppe tells his 722,000 followers on the social media platform X that inflows into the spot ETH exchange-traded funds (ETFs) are exceeding new supply, which he believes is a bullish catalyst. “The ETH supply was created in 2024: $160 million. The net inflow in ETH ETF in the past two days: $150 million. The demand is exceeding the supply.” However, the analyst suggests that ETH’s big rally will likely depend on whether the…
Helium has been exploring expanding its network beyond just wireless infrastructure for over two years. Helium is aiming to become a ’network of networks’ that supports various real-world verticals like energy. Helium’s core ethos of making it easy for individuals to participate in building infrastructure networks aligns with this expansion. Sourceful aims to unlock the potential for homeowners to participate in energy markets they are currently excluded from due to their small scale. Sourceful plans to leverage the Helium community and infrastructure to provide connectivity, validation, and an incentive model for residential distributed energy resources. The goal is to coordinate…
The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were issued, their purported classification, and the assets supporting the issuance of such tokens. Brazilian Securities Regulator CVM Investigates Tokenization Companies’ Activities The Brazilian securities regulator CVM, the equivalent of the U.S. Securities and Exchange Commission (CVM), is reportedly probing the market for tokenization activities. According to local reports, the CVM has sent letters to some companies that lend tokenization services to third parties, requiring data linked to their…
Famous cryptocurrency analyst PlanC shared his views on Bitcoin’s future trajectory in a recent statement. The analyst believes that from the right perspective, Bitcoin’s path is progressing as expected. PlanC made a few interesting observations: By the end of 2024, the Power Law Support (historical base) will exceed MicroStrategy’s current cost base per Bitcoin. By the end of 2026, it will exceed the current Bitcoin price. If the 4-year cycle continues, the next bear market bottom could be between $67,000 and $74,000 between September 2026 and January 2027, according to Power Law Support. PlanC also highlighted the importance of the…
Even after Ethereum’s celebrated arrival on Wall Street, the price of ETH has failed to keep in step with rival cryptocurrencies this cycle. As the crypto market nosedived on Sunday, the ETH-to-BTC conversion ratio tapped a yearly low of 0.041, according to TradingView. Although digital assets—including ETH—have posted a solid recovery since then, the ratio remains at 0.043 at writing time. Many can’t help but find the trend unusual. In bull market years, altcoins have frequently outperformed Bitcoin as capital spills over from the leading digital asset into riskier small-cap assets. In fact, this proved true during Bitcoin’s first-quarter rally…
Renowned blockchain sleuth Whale Alert has spotted two large XRP transfers made by anonymous wallets to major cryptocurrency trading platforms over the past 24 hours. Millions worth of XRP in U.S. dollars have been transferred. This coincided with a major bullish price move undergone by the Ripple-affiliated cryptocurrency. Over 63 million XRP unloaded on exchanges According to data shared by the aforementioned source, an anonymous whale made two consecutive crypto transactions as he transferred first 32,461,000 and then 30,961,000 XRP. The transactions were made consecutively approximately 15 hours ago to the Bitso and Bitstamp exchanges. Bitstamp is based in the…
As Kamala Harris campaigns for the presidency following President Joe Biden’s decision not to run, her stance on crypto remains unclear, though recent appointments hint at a potential shift towards a more favorable approach. Harris has tapped David Plouffe, a former Obama aide and previous member of the Binance Global Advisory Board, as her senior adviser for strategy, Reuters reported Friday. Plouffe had been serving as a global strategic advisor for Alchemy Pay, where he contributed to the company’s strategy, compliance, and government relations before transitioning to Harris’ team last week. Harris has also recruited Brian Nelson, former undersecretary for…
A crypto whale holding Ethereum ($ETH) has recently experienced significant losses of $12.57M within fifty days, as per Lookonchain (a blockchain analytics company). The respective huge loss points toward the risks and volatility concerning the crypto sector, even for the people holding enormous amounts of digital assets. The on-chain analytics firm took to its official X account to reveal the respective development. A whale lost $12.57M in less than 50 days!This whale had accumulated $ETH from June 22 to August 4 before the market crash, withdrawing 14,384 $ETH($47.34M) at $3,291 from #Binance.After the market crash, the whale capitulated and deposited…
XRP Dropz, a popular XRP community figure, calls attention to a new ad campaign from Ripple that highlights the company’s role in the evolution of the global financial system. According to the ad, Ripple recognized the impact of crypto and blockchain in transforming global financial system operations. These emerging technologies present alternative solutions to traditional finance systems, offering a secure, decentralized, and transparent framework for conducting financial transactions. With crypto and blockchain redefining the global financial scene, the ad emphasized that Ripple is positioned as a key player in developing the future infrastructure of the global economy via partnerships. “Crypto…