Author: NBTC
Multiple projections expect XRP to soar to greater heights on the back of the final resolution of the Ripple v. SEC legal battle. Recall that payments firm Ripple and the U.S. Securities and Exchange Commission (SEC) recently witnessed the end of their nearly four-year-old legal tussle. Notably, the SEC charged Ripple for allegedly violating securities provisions with its sales of XRP in December 2020. Ripple Secures Partial Victory After three years of constant legal arguments, the judge ruled last July that XRP in itself is not a security. In addition, the court found that Ripple did not violate securities laws…
On September 24, the U.S. Department of Justice (DOJ) filed a complaint against payments giant Visa (NASDAQ: V) in a New York federal court. The complaint alleges that Visa, which processes 60% of all U.S. debit transactions, uses unfair practices such as exclusivity agreements and fines against partner merchants. It also alleges Visa uses its vast resources to entice would-be competitors to partner up rather than compete. While Visa profited $18.3 billion in 2023, an increase of 14% year-on-year (YoY), the DOJ argues that its anti-competitive practices ultimately lead to higher customer prices. It wouldn’t be the first time a…
The price of gold and silver rises with Silver to Reach Its Highest in a Decade as Global Liquidity and Economic Instability Rises. Global liquidity is currently boosting different forms of markets, including precious metals and possibly cryptocurrencies. Altcoins, however, are still rather quiet, but Bitcoin may surge to $90,000-$100,000 by the end of 2024. Gold and silver rise further in global markets with silver hitting a 10 year high. As global liquidity rises, the buy the precious metals market is again gaining popularity, with players fleeing from the unpredictable world economy. At the same time, focus is turned to…
Robinhood dismissed speculations regarding the company’s entry into the stablecoin market, confirming on Monday that Robinhood (HOOD) has no “immediate plans” to launch its own stablecoin. “At this point, we don’t have any immediate plan to launch a stablecoin. The rumors are always interesting, but we haven’t really spent time on it.” Robinhood Crypto’s Vice President and General Manager Johann Kerbrat told Decrypt. He was addressing a Bloomberg report last week saying that both Robinhood and Revolut were considering launching stablecoins. However, when pressed further about any imminent plans, the Robinhood VP added: “On our side, we don’t have any…
Ripple, a digital assets infrastructure, has secured in-principle approval from the UAE’s Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). This, as per Ripple, will strengthen its global footprint as a regulated entity. Once fully licensed, Ripple will be the first blockchain-enabled payment services provider to be licensed by the DFSA, the independent regulator of financial services conducted in or from the DIFC. Ripple will introduce seamless cross-border payment services, including Ripple Payments Direct (RPD), in the United Arab Emirates. Ripple will offer cross-border payment solutions in the UAE According to the…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Earlier this year, in April, we had the latest Bitcoin (BTC) halving—and now some mining businesses are having a hangover. If they can navigate this and achieve a clear head, how can they avoid a hangover at the next halving? You might also like: Bitcoin halving will bring mass adoption to web3 gaming | Opinion Bitcoin halving is integral to cryptocurrency protocol. It controls the coin’s supply and inflation rate, rewarding miners for validating transactions. Initially, miners…
A whale dumped $59.15 million worth of cryptocurrencies on Binance, ahead of Jerome Powell’s speech. BTC, BNB, SOL, and ETH have experienced price declines of over 3.5%, 4.5%, 2%, and 2.3%, respectively, in the past 24 hours. Nearly $200 million worth of long and short positions in the past 24 hours. In the ongoing price correction, it appears that a crypto market crash is imminent. On September 30, 2024, a whale wallet address “0xcDe” dumped $59.15 million worth of cryptocurrencies to Binance, the world’s biggest cryptocurrency exchange, as reported by the on-chain transaction tracker TheDataNerd. Whale Dumps $60 Million of…
Former Binance chief Changpeng Zhao’s four-month prison stay might have actually been a pretty lucrative career move. Indeed, from the moment he entered a California prison earlier this summer to his release last week, the Binance founder might well have made more money than most executives could hope to earn in their lifetime. Although his wealth is mostly derived from equity in privately held companies, Forbes’ calculations of CZ’s net worth indicate that he could have made billions of dollars personally while serving his prison sentence. In fact, according to one such estimate, he may have made $25 million for…
Classic Ethereum NFT project CryptoKitties is back—but this time as a Telegram game. This is the first official product launch under the IP since the original NFT collection released in 2017 and serves as a “sneak peek” into the collection’s relaunch on Flow. In recent years Dapper Labs—the creator of CryptoKitties—has focused on expanding its portfolio to include licensed crypto products like NBA Top Shot, NFL All Day, and Disney Pinnacle. But with the recent explosion of Telegram gaming, the company was inspired to make a return to the CryptoKitties IP. Telegram gaming exploded in popularity in 2024 with Hamster…
As with any trend, the metaverse becomes differentiated as it splits into different kinds of metaverse experience types with different utility and use cases. Augmented, Mixed, and Virtual Reality metaverses are already at the forefront of changing diverse industries and interacting experiences. Growing improvements to metaverse technologies are helping sectors begin to explore new realms of possibilities for development. The metaverse, a multipurpose social environment, evolves dynamically, teaching society how to interact, work, and relax in the virtual world. It offers various styles, from immersive virtual reality to augmenting physical reality. Virtual Reality (VR) Metaverse: A Gateway to Full Digital…