Author: NBTC
American exchange Uphold sparks excitement by speculating on XRP reaching $1,000, prompting lively community reactions amid the token’s recent price surge. The crypto market is experiencing renewed bullish momentum as Bitcoin returns to the $60K range for the first time in nearly a month. Among the beneficiaries of Bitcoin’s resurgence is XRP, the seventeen biggest crypto. Specifically, XRP has advanced impressively from a low of $0.5564 yesterday to $0.5802 early today, which marks a growth of over 4.2%. Meanwhile, when looking at XRP’s price action over the weekly timeframe, the asset is up more substantially by over 10%. As XRP…
The upcoming 2024 US elections for presidency bring critical policy decisions for many industries, including crypto. In recent years, cryptocurrency regulations have sparked debates about innovation, financial inclusion, and economic growth. Both Kamala Harris and Donald Trump have shared their visions, but their approaches reflect differing priorities and political philosophies. Kamala Harris and Donald Trump on Crypto: What’s Their Take? Kamala Harris and Donald Trump have distinct takes on cryptocurrency regulation. Trump’s views are largely driven by his long-standing emphasis on American economic dominance and a preference for reducing regulatory hurdles. Meanwhile, Harris’s approach to cryptocurrency, which includes financial inclusion…
Bitmain’s cloud mining company BitFuFu revealed the state of Bitcoin mining in late 2024. After a record hashrate and difficulty, most miners now have to spend more than double the expenses to mine one BTC. According to the latest quarterly report by BitFuFu, the breakeven price for mining one BTC is $59,452, leaving a relatively wide margin even at current prices. BitFuFu is one of the rising cloud mining companies, built with an early investment from Bitmain. BTC invited highly competitive mining even at levels just above $75,000, showing some confidence in a bigger future rally. In late 2023, BitFuFu…
Some in the Bitcoin space claim to only be in it for the tech, maintaining that bitcoin’s price doesn’t matter much to them. Whether they’re just posturing or whether they really mean it, they’re overlooking a major factor that keeps the Bitcoin network secure and healthy — the price of bitcoin. Lyn Alden did an exemplary job describing why bitcoin’s price matters in the follow post: Because money is a network good. Liquidity feeds more liquidity. And eventually broad enough liquidity feeds stability, which makes it more usable. Which then feeds more liquidity.It is similar to why we are here…
Solana has garnered notoriety for its meme coin connection. But financial institutions are also interested in using the network to build their products. While Solana is newer than Ethereum, it doesn’t face the same challenges when it comes to transaction throughput and cheap fees. It would be easy for a casual observer to think that the Solana network is for memecoins and Ethereum for financial institutions. While BlackRock CEO Larry Fink has preached the gospel of tokenization on Ethereum — his firm even launching a tokenized fund, BUIDL, on that blockchain — Solana has often made headlines this year thanks…
A motion to dismiss an amended complaint was filed on Nov. 4. It claimed the SEC is refusing to “articulate any standard” when it comes to determining which crypto asset transactions qualify as investment contracts. Lawyers representing Binance and former CEO Changpeng “CZ” Zhao have made a fresh attempt to dismiss the Securities and Exchange Commission (SEC) lawsuit against them. On Monday, they filed a motion to dismiss an amended complaint submitted by the SEC last month. Their filing argues that the amended complaint pays “lip service” to an earlier court ruling that crypto assets are not in and of…
The price of Bitcoin (BTC) rose to a high of $73,600 on October 29. BTC price analysis by Coinidol.com. In previous price action, Bitcoin reached an all-time high of $73,588 on March 13, 2024. The bears have interrupted the uptrend, causing the price to fall slightly. BTC price long-term prediction: bullish On the downside, Bitcoin has retreated to the current support level above $70,000, but has since recovered. The cryptocurrency is trading above $70,000 but below the $73,000 barrier. On the upside, Bitcoin will reach a new high of $76,500 if buyers break through the $73,000 barrier. On the downside,…
Ethereum Foundation contributor Josh Stark highlighted Ethereum’s (ETH) “hardness” as its defining quality in the digital economy, emphasizing its ability to provide unmatched predictability and immutability for decentralized applications. Stark argued that these qualities make Ethereum a resilient foundation, setting it apart from other blockchains and traditional institutions. His statement comes amid Ethereum’s price struggles as its value against Bitcoin (BTC) hits its lowest point in 1,285 days. Understanding ‘hardness’ Stark explained that Ethereum’s “hardness” reflects its ability to make the future more predictable. This quality, he argues, is essential to Ethereum’s position within the digital economy, offering a level…
In a recently published tweet, the official marketing lead of the Shiba Inu team Lucie revealed the importance of the approaching new hard fork on Shibarium. The upgrade is called Cancun and it is the second hard fork to be rolled out by the Shiba Inu developers this year. Along with that, the team will roll out a major upgrade for Puppynet. Lucie underscores importance of coming tech upgrades Lucie tweeted that this upgrade will be targeted at improving Shibarium and its testnet known as Puppynet. “It’s very important for developers,” Lucie pointed out. She also stressed that Cancun will…
In Italy, the proposal to increase the taxation of capital gains on cryptocurrencies to 42% (from the previous 26%) seems to be experiencing a moment of backtracking. It appears that the sector is mobilizing to prevent capital flight abroad. Italy: the proposal for increased crypto taxation at 42% is in reverse Italy and the taxation on cryptocurrencies: the discovery of the loophole in the law Last place for AI investments in the EMEA region Italy: the proposal for increased crypto taxation at 42% is in reverse The press review of Caffè Affari today from Milano Finanza highlights a possible backtrack…