Author: NBTC
September 2024 was a busy month for the XRP and Ripple communities, with several important updates and milestones. Dan Fisher, Community Relations Manager at Ripple, shared a thread summarizing these developments, which call to attention the ongoing growth and innovation in the ecosystem. Here are the key points from the month: Ripple and XRPL Advancements Ripple announced exploration of programmability for the XRP Ledger (XRPL). The firm plans to do this through the upcoming EVM sidechain and a possible native smart contracts functionality with community collaboration. XRPscan, an explorer tool for the XRPL, introduced the beta version of an advanced…
With Bitcoin inching closer to the “Uptober” rally, will September end at $70K as the 4-day rally gains momentum? As Bitcoin peaks above the $64K mark momentarily, the crypto market is on a major bull run. With projects like Solana making waves in the Token2049 event and the Bitcoin market cap increasing to $1.263 trillion, the bulls are back in the driving seat. Will this sudden shift in trend dynamic lead to a stable bull run this year? Let’s find out. Bitcoin 4-day Rally: A Breakout Signal? In the daily chart, Bitcoin is marking its fourth consecutive bullish day, registering…
After a dull stretch, NFT sales have taken a turn for the better. What’s behind this momentum, and is it a sign of a lasting revival? Table of Contents NFTs are finally making a comeback Which blockchains are leading the race? Why are NFTs surging again? What to expect next? NFTs are finally making a comeback Non-fungible tokens are starting to show signs of life again after a rather dull performance in the last few weeks. According to data from CryptoSlam, sales between Sep. 30 and Oct. 6 soared past $84.9 million, marking the highest sales volume since the week…
Tokenization platform Finest has announced that tokenized assets are now available on the Cardano network. They will have an initial limit of $150,000, and the ticker for Cardano’s native token will be fGLD. The fGLD token allows users to store the precious metal in digital form. The platform noted that market participants can exchange the fGLD token for physical gold, which strengthens its credibility. Finest, which launched on the Cardano mainnet in August, also allows users to buy tokenized granite. The Cardano network has been lagging in terms of tokenized RWA presence, despite a recent partnership with EMURGO to launch…
Bitcoin is currently testing the 200-day Simple Moving Average (SMA), a significant resistance level that has historically defined market trends. This technical level has often marked turning points in Bitcoin’s price, playing a critical role in confirming the direction of its movements. Recent observations highlight that Bitcoin’s ability or failure to reclaim this level could signal the next major market shift. Historical Resistance Levels Historically, Bitcoin has struggled to reclaim the 200-day SMA during key market cycles. In 2014, the price faced a significant rejection at this level near $700, resulting in a sharp decline that bottomed around $257. A…
Many might consider Solana a top functional blockchain project; however, a recent review from Edward Snowden, a former U.S. security intelligence officer turned crypto enthusiast, might change minds. Snowden believes Solana is centralized, a take he shared at the Token2049 event recently. Is Solana not so impressive? Speaking via video conference, Snowden singled out Solana as one of the most hyped protocols in the industry today. He said Solana developers took on a very good technology and decided to centralize everything. As Edward Snowden noted, the motivation for doing this is to make everything faster and cheaper. However, he said…
Now trading close to $63,000 Bitcoin is getting close to a critical level that could indicate a lower high in the current declining trend. If Bitcoin fails to break through key resistance, the formation of this lower high is frequently interpreted as an early warning sign of a possible price reversal, indicating that a significant decline may be imminent. Though there has been a recent rally, the trend is still exhibiting signs of weakness. Bitcoin is encountering multiple technical obstacles, with the $64,000 mark serving as a crucial boundary. The bearish pattern may be disproved, and further upside may be…
Filing for an XRP ETF has emerged as the SEC approaches a critical deadline to appeal the XRP ruling, but a Bloomberg analyst believes the move is a gamble on Trump’s 2024 victory. The U.S. SEC is nearing its deadline to appeal the 2023 ruling that XRP is not classified as a security when traded on secondary markets. Judge Analisa Torres delivered this ruling in July 2023, marking a significant legal victory for Ripple. It clarified XRP’s status and Ripple’s sales of XRP on the open market. XRP ETF Filings Are Like a “Cheap Call Option” on a Trump Win…
Arthur Hayes, founder and ex-CEO of BitMEX, is telling crypto projects to stop wasting their money on centralized exchange (CEX) listing fees. The idea that paying millions to get listed on major exchanges will make your token price pump is just a myth, he says. Instead, it’s the big CEXs, like Binance, who are getting richer while your token sinks. He calls the current state of the market a ‘PvP’ (player vs. player) cycle, where it’s every project for itself. Founders believe that getting listed on a CEX like Binance will skyrocket their token’s value. Hayes disagrees, saying the numbers…
The price of the chief crypto token Bitcoin has surged beyond $63,000. As per the on-chain analytics firm Lookonchain, a significant Bitcoin whale leveraged this price rise by selling up to 1,030 $BTC with a value of $64.27M, breaking even on a noteworthy former investment. This has reportedly enhanced activity within the wider crypto market. The analytics provider took to social media to offer insights into this development. The #Bitcoin price breaks through $63,000 today!A whale sold 1,030 $BTC($64.27M) to break even!This whale withdrew 5,404 $BTC($352.97M) at $65,318 from #Binance between Mar 18 and May 16, then sold 4,856 $BTC($317.87M)…