Author: NBTC
In a recent X interaction, Ripple’s Chief Technology Officer David Schwartz responded to speculation about the future price of XRP, addressing the ongoing curiosity in crypto circles. An X user had posed a question to Schwartz, seeking to know the timeline for when the true value of XRP might be realized. The user inquired whether this could happen within a year or two, or perhaps by 2027, 2028 or 2030, especially considering that the SEC is not appealing in the case – not continuing to argue that XRP is a security. The price of XRP, the seventh largest cryptocurrency by…
The cryptocurrency market is currently experiencing significant movements driven by various global economic factors. Bitcoin’s price surged past $66,000, while Ethereum also saw gains, reaching its highest price in two weeks. Notably, BlackRock’s CEO Larry Fink emphasized the increasing adoption of digital assets, marking a pivotal moment for the industry. This article explores the latest developments in the cryptocurrency market, highlighting key economic drivers and market trends that could shape the future of digital assets. Bitcoin and Ethereum Rally Amidst Positive Economic Sentiment In the ever-evolving landscape of cryptocurrencies, Bitcoin recently surpassed $66,000, reflecting a 4.8% increase in just a…
Coinbase stock and the YieldMax COIN Option Income Strategy (CONY) ETF will be in the spotlight after Bitcoin surged above the key resistance level at $100,000. CONY was trading at $18 on Wednesday, down by 37% this year, while COIN was at $330, up by 90% this year. Bitcoin price hits $100,000 The main catalyst for the Coinbase and CONY ETF will be the ongoing Bitcoin price surge as it crossed the important resistance level at $100,000. It then quickly jumped to $103,000, a trend that could continue in the coming months. Coinbase and other crypto-related companies do well when…
Crypto-currency Bitcoin has gone past $66000, this was up by 5.62% in 24 hours and the highest point Bitcoin touched was $66116.66. Today’s bull run is ascribed to institutional accumulation, macro environment fluctuations and positive news sentiment. Experts remain sensitive to the market reaction and levels of support or resistance in order to ascertain the progression of an uptrend. In a significant development for the cryptocurrency market, Bitcoin has broken past the $66,000 mark, sparking widespread excitement among traders and investors.Leading the market, the digital asset has registered a 24-hour change of 5.62 %and is at $66, 055.29. This surge…
The CFTC’s recent enforcement actions have led to a historic $17.1 billion recovery for victims in cryptocurrency cases, setting new records in regulatory history. This monumental figure reflects the agency’s ongoing fight against fraud in the crypto sector, particularly focusing on major players like FTX and Binance. According to CFTC Chairman Rostin Behnam, “This is a testament to our commitment to protecting customers and enforcing market integrity.” The CFTC announces a record $17.1 billion recovery for victims in crypto fraud cases in 2024, showcasing aggressive regulatory enforcement in the sector. FTX and Binance top the CFTC’s recovery relief in 2024…
Solana’s total value locked (TVL) has surged to $6.4 billion, marking its highest level since January 6, 2022, according to data from DeFiLlama. In terms of daily decentralized exchange (DEX) volume, the blockchain has surpassed Ethereum and other major networks. Its DEX volume has exceeded $2 billion over the past 24 hours while Ethereum’s has reached over $1.4 billion. A key contributor to this TVL surge is Raydium, the established DEX in Solana. Data shows that Raydium TVL hit $1.6 billion on October 22, the highest level since December 2021. It is currently the second-largest protocol on the Solana ecosystem.…
The Bitcoin network is seeing a huge development with big amounts of locked $BTC tokens on diverse protocols and blockchains. As per the latest data, the cumulative $BTC amount locked on different entities is increasing, denoting the expansion in the trust in the respective technologies as well as their use cases. 🍊Total #Bitcoin Locked on Blockchains & Protocols Data from @BitcoinLayers ‘s dashboard🔸@Coredao_Org – 6850.85 BTC🔸@BitlayerLabs – 5377.44 BTC🔸@lightning – 5201.90 BTC🔸@Liquid_BTC – 3833.39 BTC🔸@rootstock_io – 2685.32 BTC🔸@build_on_bob – 1128.32 BTC🔸@Stacks -… pic.twitter.com/sVT74IFfM2 — Bitcoin Ecosystem (@BitcoinEcoTK) October 14, 2024 Bitcoin Network Sees a Huge Dominance with a Jump in…
Midas, a top player in the tokenized RWA sector, has announced a strategic collaboration with Oasis Protocol. The partnership aims at launching the cutting-edge $mTBILL coin via the Sapphire Network, the earliest confidential EVM in the market, to enhance DeFi security and accessibility. The platform announced this partnership on its official social media account. We’re excited to announce our partnership with @OasisProtocol to bring mTBILL to the Sapphire Network!As the first confidential EVM, Sapphire enables privacy-preserving smart contracts, making it the perfect home for mTBILL. pic.twitter.com/PZH3OqtwNr — Midas (@MidasRWA) December 4, 2024 Midas Partners with Oasis Protocol to Advance the…
The Philippine central bank has completed trials for a wholesale CBDC proof-of-concept designed to enable round-the-clock fund transfers among financial institutions. The Bangko Sentral ng Pilipinas has concluded testing for Project Agila, a proof-of-concept for a wholesale central bank digital currency aimed at streamlining interbank payments, the central bank revealed in a press release on Thursday, Dec. 5. The initiative allows financial institutions to transfer funds securely even during non-business hours, including evenings, weekends, and holidays, using distributed ledger technology hosted on Oracle Cloud Infrastructure, the press release reads. The pilot tested various aspects of the system, including functionality, performance,…
The broader digital currency ecosystem slipped, with Bitcoin (BTC) leading the losses and altcoins followed suit. However, the price reversals have pushed many digital currencies in search of a price floor that can fuel their imminent rebound. In light of this, data from IntoTheBlock (ITB) shows that Bitcoin, Dogecoin (ADA) and Cardano (ADA) are relying on their whales to fuel the rebound in the near term. BTC, DOGE and ADA whale similarity According to ITB data, the three digital currencies have a similar whale activity trend. Large transactions worth over $100,000 on the Bitcoin network have rallied by more than…