Author: NBTC
In an exhilarating development that marks a pivotal moment for both Ripple Labs and the cryptocurrency landscape, Ripple is blazing a trail by integrating XRP into oil trading and cross-border transactions with Saudi banks, unlocking a staggering $500 trillion market. This innovative initiative allows holders of XRP to engage indirectly in oil purchases, forging an unprecedented link between cryptocurrency and traditional commodities. As the partnership with the Saudi central bank dismantles long-standing skepticism in Gulf fintech, it paves the way for a new era of innovation. The CryptoTradingFund (CTF), operating on both the XRP Ledger and the Polygon chain, offers…
Samson Mow, vocal Bitcoin supporter and CEO at the JAN3 Bitcoin company, has published a tweet in which he offered his valuable experience and expert knowledge about fiat currencies and investing in Bitcoin. Mow believes that this advice about Bitcoin and its price in fiat currencies will make things simple for new investors into the world’s largest cryptocurrency. Two important things about Bitcoin from Mow Mow shared that there are two things about Bitcoin that he believes new investors should internalize. The first one is that “the fiat price of Bitcoin will be volatile”. The second one is that “the…
Donald Trump continues to extend his lead on Polymarket against Kamala Harris, as the two presidential aspirants have only three weeks to the US elections. With crypto presenting as a political imperative in the ongoing US presidential campaigns, Donald Trump’s decentralized finance (DeFi) venture, World Liberty Financial, prepares for its WLFI token debut on Tuesday. Donald Trump Leads Polymarket as WLFI Token Launch Approaches Polymarket data indicates that Donald Trump is leading with 54% support, compared to Kamala Harris’s 45.4%, with only 22 days remaining before the US elections. Trump is also ahead in key swing states, including Arizona, Georgia,…
Mint Blockchain, a key player within Ethereum’s Layer 2 ecosystem, has successfully obtained a grant of 75,000 OP tokens, valued at around $1.35 million, in the latest round of Optimism Grants. This funding marks a significant milestone for Mint as it earns recognition as a “Superchain,” and aims to foster innovation and attract a broader user base to its platform. Contents hide 1 How Will the Grant Facilitate NFT Innovations? 2 What Opportunities Does This Present for Developers? How Will the Grant Facilitate NFT Innovations? The leadership at Mint Blockchain announced that the financial support will be directed towards enhancing…
Ethereum’s price breached the $2,579 resistance level on Monday. This triggered a wave of older, less active coins to start changing hands. Many of these coins appear to be making their way to cryptocurrency exchanges, as evidenced by a sharp increase in ETH’s netflow onto these platforms. This may put downward pressure on the altcoin’s price, putting it at risk of shedding its recent gains. This analysis delves into what coin holders may expect. Ethereum Long-Term Holders Aim for Profit Broader market sentiment has shifted from neutral to greed as trading activity begins to gain momentum. Over the past 24…
Shiba Inu, one of the biggest meme coins, has ended up among the worst-performing tokens over the past 24 hours after losing more than 3%, according to CoinGecko data. It is in the red together with some other tokens of the likes of Celestia (TIA), VeChain (VET), Quant (QNT) and Monero (XMR). However, Shiba Inu holders should not fret about this unfortunate price drop. The recent price decline is most likely a healthy correction. Some of the holders of the second-largest meme coin decided to take profit following a substantial rally experienced by the second-largest cryptocurrency. On the seven-day time…
As the Federal Reserve prepares for potential shifts in monetary policy, the cryptocurrency market is closely watching its influence, particularly on Bitcoin. Market sentiment, which has been subdued for much of the past six months, could experience renewed interest depending on the Federal Reserve’s actions. Bitcoin’s price trends are expected to respond significantly to these developments, with some analysts predicting major moves in Q4 2023 and into 2025. Current Market Sentiment Per a recent interview by Altcoin Daily, Dennis Liu, a renowned analyst and Youtuber said he believes that the current low point is an opportunity to reignite excitement around…
World Liberty Financial, a crypto project backed by the Trump family, has whitelisted over 100,000 accredited U.S. investors ahead of the WLFI token presale, which begins Tuesday. During a live stream on X, the team behind WLFI provided updates, including the fact that the project has whitelisted over 100,000 investors. The WLFI token will serve as the protocol’s governance token, allowing users to participate in key decisions regarding the platform. World Liberty Financial aims to offer a unified platform where users can lend, borrow, and transact with stablecoins. The platform aims to raise $300 million, valuing the venture at $1.5…
Ethereum price today: $2,600 Ethereum price broadly consolidates after breaking above its 50-day EMA at $2,535, suggesting a possible rally ahead. US spot Ethereum ETFs records an inflow of $17 million on Monday. Ethereum’s open interest surged more than 16%, indicating new buying activity. Ethereum (ETH) stabilizes around $2,600 on Tuesday after a 6.5% rally on Monday that led prices to break through key resistance levels. Some signs of a mild recovery emerged via inflows into Spot Exchange Traded Funds (ETFs) and a surge in open interest, indicating new buying activity and hinting at a continuation of the rally. Ethereum…
Twelve cryptocurrencies will unlock nearly $300 million in previously non-circulating supply this week, raising concerns as sales could intensify. Among these unlocks, three projects alone will release over $220 million, to which traders and investors should give special attention. The cryptocurrency investing game has changed in the past few years, highly weighted toward venture capitalists (VCs) and vesting contracts. With that, scheduled token unlocks gained increased importance in this market’s dynamics as they can directly pressure prices downwards. In the next seven days, twelve cryptocurrencies will unlock $291.59 million, of which 75% will come from three projects. Finbold retrieved this…