Author: NBTC
Recent disclosures have revealed substantial changes within Ripple’s blockchain payment protocol in response to Bill Morgan’s concerns about the SEC legal battle and Ripple’s On-Demand Liquidity (ODL) operations. Ripple has transitioned its ODL services for US clients from XRP to Tether’s USDT, as indicated in a recent court filing. Ok Matt. Didn’t have time yesterday but given that you were kind enough to cover this issue on YouTube I have followed up on the point you made about Ripple not having ODL customers and operating through overseas subsidiaries, in response to my concern that a wide injunction can… https://t.co/Lt2OflA9K6 pic.twitter.com/QmymbOEATV…
This week in prediction markets: Courting crypto voters appears to have boosted Trump’s odds. Doug Burgum still trails behind Tim Scott for Republican VP pick. Longshot ether ETF approval contract prints triple-digit return for bettors, despite disputes over its resolution. Taking a strong pro-crypto stance may have strengthened Donald Trump’s lead over incumbent president Joe Biden – at least if you go by the prediction markets. In the past week, Trump has promised to commute the sentence of Silk Road founder Ross Ulbricht – a figure near and dear to many in the crypto community – and vowed to make…
London — Uphold, the global Web3 financial platform, is shaking up the digital asset landscape with its latest announcement. Today, they introduced a fully-licensed, white-label service, enabling partners worldwide to establish their own branded digital asset platforms swiftly and seamlessly. With the demand for access to digital assets skyrocketing—projected to reach 1 billion crypto users by 2028—Uphold’s innovative solution couldn’t have come at a better time.—Dubbed Uphold-as-a-Service, this groundbreaking offering equips legacy institutions and financial platforms with a fully compliant resource they can customize to meet the evolving needs of their customers. Unlike other platforms, Uphold-as-a-Service boasts a comprehensive suite…
Three well-known financial market infrastructures (FMIs) – DTCC, Clearstream, and Euroclear – along with Boston Consulting Group (BCG), have revealed a blueprint aimed at establishing an industry-wide digital asset ecosystem to foster the acceptance of tokenized assets. Projected to reach a $16 trillion business opportunity by 2030, the tokenization of global illiquid assets has garnered significant attention. However, institutional adoption has faced challenges due to fragmented innovation and small-scale initiatives lacking broader ecosystem development. The jointly released paper, titled “Building the Digital Asset Ecosystem,” endeavours to redirect industry focus by outlining six principles intended to facilitate successful adoption of tokenization…
TD Bank subsidiary TD Direct Investing recently uploaded a video on its YouTube channel explaining in detail the upcoming Bitcoin halving event, expected around April 19 or 20. The commercial serves to educate viewers on the significance of this event within the context of Bitcoin’s supply and demand dynamics. JUST IN: TD Bank subsidiary releases commercial explaining the #Bitcoin halving and promotes spot Bitcoin ETFs after 👀 pic.twitter.com/a8YTClIhMf — Bitcoin Magazine (@BitcoinMagazine) April 11, 2024 The video underscores this year’s approval of spot Bitcoin Exchange Traded Funds (ETFs) in the United States, resulting in a surge in demand for bitcoin…
Ethereum price dipped sharply after it rallied toward $3,940. ETH is now consolidating near $3,850 and is eyeing more upsides in the near term. Ethereum started a consolidation after it rallied toward the $3,940 resistance zone. The price is trading above $3,720 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,620 support. Ethereum Price Eyes More Gains Ethereum price extended its increase above the $3,700 and…
In the midst of a broader consolidation on the crypto market, dogwifhat (WIF), a prominent meme coin built on the Solana blockchain, is demonstrating bullish signals across key metrics. Recent data from CoinGlass indicates a notable surge in open interest for WIF, currently standing at $325.20 million, marking a 2.92% increase. Notably, a significant portion of this interest, approximately $166.41 million, originates from Binance, with additional contributions from Bybit and other platforms. Open interest is a crucial metric, often reflecting the prevailing sentiment among traders. The upward trajectory of dogwifhat’s open interest suggests a growing bullish sentiment within its trading…
Minswap Labs, the premier multi-pool decentralized exchange on Cardano, takes steps to get its native token MIN to trade on the largest crypto exchange, Binance. The Minswap Labs team recently disclosed this move via a post on their official X account. Per the update, Minswap Labs filed and submitted an application for MIN to be listed on Binance. @binance Listing Application Submitted ✅ as part of their Project Applicants program! ✦ What’s next for $MIN CEX Listing?🤔 📅 Dates coming tomorrow, turn on🔔 pic.twitter.com/M2DKnaxoWe — Minswap Labs (@MinswapDEX) May 26, 2024 MIN Listing on Binance This move comes amid MIN’s…
Key Points: Merlin Chain sees over 190,000 BTC transferred, totaling $12.9 billion, rivaling top exchanges like Binance and Coinbase. BTC converts to M-BTC and SolvBTC, with $630 million already flowing across 10+ public chains, enhancing liquidity and yield opportunities. With plans to integrate more public chains, Merlin Chain offers wider liquidity options and redefines DeFi accessibility. Merlin Chain has witnessed an unprecedented surge in BTC transfers over the past 45 days. With over 190,000 BTCs transacted, totaling a staggering $12.9 billion, Merlin Chain has emerged as a formidable player in the crypto landscape, trailing only behind industry giants Binance and…
Ethereum ETFs approved as SEC gives shocking green light to applications Bipartisan US lawmakers earlier urged SEC Chair in a letter on Thursday to give the green light. Ethereum may rally more than Bitcoin did following ETF approval. Ethereum (ETH) bounced back after a brief dip on Thursday as the Securities & Exchange Commission (SEC) approved spot ETH ETFs in a shocking U-turn. US lawmakers had earlier penned a letter to Chair Gary Gensler, urging him to approve the ETFs. Hong Kong regulators are also discussing whether issuers can offer ETH staking to investors. Also read: Ethereum bulls await ETF…