Author: NBTC
The price of XRP is going through a correction after its recent gains. Amid this, some holders appear to be taking profits by selling a portion of their XRP holdings. This sell-off appears to be putting more pressure on the coin amid the ongoing correction. As per Whale Alert, a holder has transferred around 25.2 million XRP coins from their private wallet to crypto trading platform Bitso. This transfer is estimated to be worth around $15.36 million based on the current XRP price. Notably, Bitso is one of the most widely used centralized exchanges where traders usually dump XRP. This…
Gemini has announced the impending closure of all Canadian accounts, giving users a 90-day window to withdraw their funds. This development follows the introduction of new regulations by Canadian financial authorities governing crypto exchanges. “Effective December 31, 2024, Gemini will close all customer accounts in Canada with limited exceptions,” stated the exchange in a recent email to its Canadian users. Gemini is winding up its operations for Canadian accounts by the end of 2024, compelling users to withdraw their crypto holdings within the next 90 days. This article delves into the reasons and implications of Gemini’s exit from Canada. Regulatory…
The BIO Association, a Swiss nonprofit, has unveiled plans to launch BIO tokens ahead of its decentralized biotech network, BIO Protocol, according to a Sept. 30 statement shared with CryptoSlate. The association seeks to bridge the gap between biotechnology and crypto through its decentralized biotech network. This platform will serve as a launchpad for on-chain science communities. In addition, it aims to democratize access to scientific research and funding. Central to this goal is creating BioDAOs—community-led organizations that develop and finance scientific intellectual property. The BIO Association spun out from Molecule AG, a Swiss company specializing in tokenization infrastructure for…
Bitcoin’s journey from a highly volatile digital asset to a more stable and mature financial instrument is being shaped by the introduction of Bitcoin Spot ETFs, according to new analysis from CryptoQuant. In a recent post by Kripto Mevsimi, the analyst highlights how Spot ETFs are influencing Bitcoin’s price dynamics and investor behavior, contributing to a more stable market environment. How Spot ETFs are Shaping Bitcoin’s Maturation Process“What’s different now is the impact of Spot ETFs and the integration of traditional financial instruments, which seems to be smoothing Bitcoin’s volatility.” – By @KriptoMevsimi Full post 👇https://t.co/7BcAe1JQiE pic.twitter.com/ip6iSqBdkO — CryptoQuant.com (@cryptoquant_com)…
Ethereum, the second-largest cryptocurrency by market capitalization, has recently experienced a significant surge in transaction fees. According to data from IntoTheBlock, Ethereum’s weekly fees have soared to $45 million, the highest level since June 10, 2024. The spike in fees highlights Ethereum’s growing network activity, even as Bitcoin continues to capture headlines as “digital gold” in traditional finance circles. IntoTheBlock wrote: “ETH hit $45 million in weekly fees, the highest since June 10, 2024. While Bitcoin’s ‘digital gold’ narrative captures more attention in traditional finance, Ether’s growing network activity and price performance continue to impress.” ETH hit $45M in weekly…
With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin Expansion Not long ago, the crypto market experienced sharp declines in leading assets like BTC and ETH, but in the past 72 hours, things have taken a turn for the better. After dipping below the $50,000 mark on Aug. 5, 2024, BTC is now trading at $60,410 as of 8:30 a.m. EDT…
Mysten Labs has taken the wraps off its decentralized storage and data availability protocol Walrus, at its Sui Builder House event in Singapore. “Recognizing the importance of data and the lack of storage innovation in recent years, Mysten has chosen decentralized storage as the next key area to tackle to make Web3 a reality,” Janet Wu, Director of Product at Mysten Labs, told Decrypt. Just in from #BuilderHouse Singapore…Walrus will officially be an independent Delegated Proof-of-Stake Network, governed and incentivized by its native utility token, WAL. pic.twitter.com/bZz6sw7vRh — Walrus (@WalrusProtocol) September 17, 2024 The release of the Walrus whitepaper and…
In a remarkable development, over 83000 X Empire NFT vouchers have been sold on Getgems, a platform dedicated to facilitate digital asset transactions, as announced on X Empire’s official X post. This impressive figure translates to more than 5.7 billion $X tokens, highlighting a high demand for digital collectibles and the underlying token ecosystem. X Empire NFT Vouchers on Sale (Source Getgems) The Rise of $X token The surge in sales not only indicates the popularity of the NFTs but also reflects a growing interest in the $X token, which serves as a key component of the X Empire project.…
Even though Ethereum’s (ETH) price has not produced the gains that holders would hope for, recent data shows that investors holding the altcoin have remained resilient and optimistic. This could be surprising, especially as the Ethereum Foundation, which has been at the helm of selling ETH, has liquidated some assets again. While the sale initially sparked valid concerns, this analysis explains why holders are unfazed by the development. Another Sale Leaves Ethereum Holders Unfazed Earlier today, the Ethereum Foundation sold 100 ETH for $262,474. This sell-off is just a little part of the coins the foundation has let go over…
XRP has crashed from $0.6396 to $0.5846, a 5.30% drop within the last 24 hours in an apparent gain reversal. Meanwhile, data from Coinalyze shows that open interest has slipped by 11.09% in the futures market. This leaves the perpetual contract at $476.3 million, while the futures contract recorded $2.9 million. The XRP open interest data reveals Bybit and Binance as the top exchanges with the greater flow volume. Bybit surpasses Binance in XRP open interest volume Notably, Bybit had a total volume of $215.77 million in XRP open interest. This puts it over $12 million above Binance known to…