Author: NBTC
For any cryptocurrency startup, deciding when to approach venture capitalists (VCs) is a crucial problem. The best time to look for outside funding varies greatly, depending on the particular requirements of the project and the interests of the venture capitalists (VCs) involved. The investment thresholds of various VCs vary. While some investors are satisfied with the founding team’s strength and the idea alone, others look for concrete results like a Minimum Viable Product (MVP) or obvious market traction. All agree that raising money should never be seen as the final goal. Instead, it’s a strategic tool that must align with…
Grayscale Investments has announced the latest product in its portfolio of over 20 crypto investment products and it will track the performance of Ripple’s native token – XRP. Eligible individual and institutional accredited investors have the option for daily subscriptions from today. The announcement from Grayscale described XRP’s token as the asset “powering the XRP Ledger (XRPL), a distributed peer-to-peer network created to facilitate cross-border financial transactions.” “We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case. By facilitating cross-border payments that take just seconds to complete, XRP has the potential to transform…
Gold is rising, and so is Bitcoin. And both are poised to continue seeing gains in the weeks to come thanks to geopolitical uncertainty, worries over the strength of the dollar, and the upcoming U.S. election, according to JP Morgan analysts. In a Thursday report, analysts at the bank said that a “debasement trade” is coming—which could further drive demand for both gold and Bitcoin and help push up prices. A Donald Trump victory next week in the U.S. presidential election increases the likelihood of such a trade, JP Morgan analysts said. A “debasement trade” is when traders try to…
As discussions around potential U.S. regulatory changes gain momentum, Rune Christensen, co-founder of MakerDAO and Sky Protocol, suggested that the victorious Donald Trump could revolutionize decentralized finance (DeFi). MakerDAO联创：特朗普的胜选或将推动DeFi领域的复兴据MakerDAO联合创始人Rune Christensen表示，特朗普的胜选或将推动DeFi领域的复兴，使用户数量增长十倍的可能性大大增加。Rune指出，与加密领域的其他部分相比，DeFi从美国减少监管不确定性中受益最多，因此更有机会在放松监管的环境中快速发展。 https://t.co/bHytdXKFud — PANews (@PANewsCN) November 7, 2024 According to Christensen, clearer regulations could drive significant DeFi user growth. He predicts that reduced regulatory uncertainty may lead to a 10x increase in users, potentially sparking a sustained DeFi boom. DeFi Growth and Regulatory Impact Christensen noted that DeFi is uniquely positioned to benefit from reduced regulatory barriers, more so than other crypto sectors. He stated that DeFi thrives in environments where…
Ethereum’s ecosystem is undergoing notable changes, according to an update by Leon Waidmann from Onchain Insights. In his latest post, Waidmann highlighted Ethereum staking reaching an all-time high while exchange reserves hit record lows. At the time of writing, Ethereum was valued at $2,680.40 showing a 9.26% growth over the past 24 hours. #Ethereum Staking at ATH levels, while ETH on exchanges is hitting record lows. 📈📉A supply squeeze incoming!Bullish #ETH 🟢🚀 pic.twitter.com/Vwd1RT2lwP — Leon Waidmann | Onchain Insights🔍 (@LeonWaidmann) November 6, 2024 These developments suggest a potential supply squeeze, which could boost ETH’s price. Also, on-chain data points to…
MicroStrategy (MSTR) might be on the verge of achieving a significant milestone. According to BitMEX Research, MSTR is just two trading days away from maintaining a 20-day streak of closing above $186.23 within a 30-day window. In a recent tweet, BitMEX Research highlights that MicroStrategy’s stock has held steady, maintaining a closing price above $186.23 for 18 out of the last 28 trading days. If this trend continues for the next two days, MSTR will have closed above this critical threshold for 20 trading days within 30 days. Looks like 2 more days to go, until $MSTR closes over $186.23…
Data shared by “Ripple Stablecoin Tracker” account on the X platform, referring to Etherscan, shows that Ripple Labs blockchain heavyweight continues to issue new RLUSD stablecoins after the recent launch of the new asset. The data source showed that, today, the RLUSD Treasury minted 90 dollar-based stablecoins on the Ethereum chain. The post was published roughly 13 hours ago, but it was not the only batch minted today. Prior to that, according to the tracker, the Treasury also made several RLUSD emissions, and 402 RLUSD were created in total today. 💵💵💵 90 #RLUSD minted at RLUSD Treasury.https://t.co/tv9whMgq4o — Ripple Stablecoin…
MicroStrategy surpasses Coinbase in market cap after announcing a $42 billion fund to increase Bitcoin holdings over three years. MicroStrategy’s bold Bitcoin strategy contrasts with Coinbase’s platform-focused approach, reflecting different bets on crypto’s future. MicroStrategy’s Bitcoin-focused investment could drive institutional interest but carries risks given regulatory uncertainty. MicroStrategy has now surpassed Coinbase in market capitalization following the announcement of a substantial capital-raising effort aimed at purchasing more Bitcoin. It also unveiled that it currently plans to collect $42 billion of additional resources in the next three years to support its investments in Bitcoin. MicroStrategy overtakes Coinbase’s market cap after announcing…
The company has sold 1.02 billion tokens at $0.015 apiece after adjusting its fundraising goal from $300 million to $30 million. Its ether stash has grown by $1 million after a 16% rise over the past few days. The token sale is still live although sales have slowed with just $364,000 being recorded since the start of November. World Liberty Financial, the decentralized finance (DeFi) project backed by the family of the former president and now president-elect Donald Trump, has made $1 million in unrealized gains following a muted token sale last month. The company slashed its fundraising goal to…
Ether saw a 10% increase in the last 24 hours, reaching over $2,800, while other cryptocurrencies experienced profit-taking. This surge is linked to optimism around DeFi following Trump’s presidential win, where expectations of pro-crypto policies and deregulation are boosting investor confidence. Trump’s potential policies might ease regulatory burdens, allowing DeFi projects more freedom and possibly recognizing tokens as commodities, which could enhance the sector’s growth and innovation. Ether (ETH) crossed $2,800 for the first time since early August, breaking out of rangebound trading that saw prices stuck between $2,300 and $2,600 levels despite a breakout in bitcoin (BTC). A ratio…