Author: NBTC
What is XRPL? XRP Ledger (XRPL) is a decentralized public blockchain designed for fast transfers of XRP, fiat currencies and digital assets, accessible to anyone for development. It was created in 2012 by Jed McCaleb, Arthur Britto and David Schwartz under Ripple Labs with the goal of providing a global payment infrastructure that also supports the digital asset XRP. XRPL was developed to address inefficiencies in the traditional financial system, using the XRP Ledger Consensus Protocol instead of Bitcoin’s energy-intensive proof-of-work. This protocol, known as the Ripple Protocol Consensus Algorithm (RPCA), allows validators to collaboratively determine transaction validity and order.…
As crypto becomes ever more mainstream and intersects with traditional finance and bureaucracies, cultural clashes are inevitable. After all, bitcoin promised to separate money from the state, while crypto evolved as a means of transacting peer-to-peer, uncensored, permissionless ways on alternative rails. So, how can these worlds–the orthodox and the blockchain-built alternative–possibly align? That remains to be seen, but recent news of the formation of a new organization called the MiCA Crypto Alliance is an example of differing approaches crossing and perhaps clashing. Just to recap, MiCA (Markets in Crypto-Assets) regulation is a comprehensive framework of EU crypto rules that…
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has surpassed $65,000 after a 3.39% price surge, driving the broader crypto market to a $2.31 trillion valuation. Ki Young Ju, founder and CEO of CryptoQuant, pointed out that Bitcoin has finally overcome market FUD, including the German government selling its BTC holdings and the Mt. Gox repayments. Read also: German Government Completes Bitcoin Liquidation, Wallet Balance Hits Zero #Bitcoin won all FUD this year. The market absorbed Mt. Gox and German BTC selling with minimal impact, as data predicted. https://t.co/ljkzujbhGy — Ki Young Ju (@ki_young_ju) September 27, 2024 Earlier this…
CryptoPunks have proved their supremacy in the NFT market, pushing for more impressive sales within the last seven days. In the recent sales, CryptoPunk #9790 recorded more remarkable sales of $147, 000 which is the highest sale for the NFT within this period. Phoenix, a crypto analytical platform, shared the stats through X account depicting how NFTs are getting in demand in the crypto space. TOP #NFT SALES IN THE LAST 7D Among largest sales in the last 7D are: #BoredApeYachtClub#CryptoPunksLargest Sale: CryptoPunk #9790 – $147.00k pic.twitter.com/A5JzGahL4z — PHOENIX – Crypto News & Analytics (@pnxgrp) September 29, 2024 Top NFT…
During the Russian Energy Week Forum in Moscow, President Vladimir Putin announced a groundbreaking collaboration with BRICS nations to develop an independent payment and settlement system for foreign trade. This strategic initiative is designed to enhance the efficiency and independence of handling foreign trade transactions among BRICS countries. Putin highlighted this new system’s goal of improving the overall service of international economic dealings, marking a significant step in BRICS economic cooperation. Russia collaborates with BRICS nations to create an independent payment system, aiming to transform foreign trade transactions and reduce reliance on Western financial frameworks. Explore the implications of this…
The cryptocurrency industry will unlock nearly $230 million in vested tokens this week, sounding an alarm to these diluted cryptocurrencies. These unlocks will happen after a volatile week, with most digital assets experiencing a massive crash in the price. Looking for insights, Finbold turned to TokenUnlocksApp on August 10, spotting 14 cryptocurrencies with an unlock schedule for this week. Notably, $229.77 million in tokens will reach the market in the next seven days, likely creating relevant selling pressure. In particular, three cryptocurrencies accrue for 76% of all the unlocks, releasing $174.96 million worth of their native tokens. These crypto unlocks…
SEC Chairman Gary Gensler appeared on CNBC’s Squawk Box today. Gensler made important statements regarding Bitcoin and cryptocurrencies. Stating that the cryptocurrency sector has experienced many problems due to fraud cases, Genler reiterated that Bitcoin is not a security and said: “The cryptocurrency industry is struggling with a lot of scammers in the field. I’m talking about the crypto industry. Look, not liking the rules doesn’t mean there aren’t rules. Bitcoin is not a security. My predecessor and I said Bitcoin is not a security. Now there is a way to invest in it through ETFs.” Gensler also spoke about…
After less than a year of trading for its Bitcoin ETF, Wall Street titan BlackRock has seen its Bitcoin holdings increase to nearly $23.7 billion. The milestone comes after the $9 trillion asset manager recently acquired another $35 million worth of Bitcoin and $6.4 million of Ethereum earlier this week. With the latest acquisition, the asset manager’s Ethereum reserves now stand at 350,000 ETH, worth around $989 million, according to data from blockchain analytics firm Arkham Intelligence. BlackRock’s BTC holdings are managed primarily through its iShares Bitcoin Trust (IBIT), which allows institutional investors direct exposure to Bitcoin. BlackRock’s holdings now…
Bitcoin (BTC) has been on the rise since the Fed cut its first interest rate by 50 basis points last week, climbing above $65,000 yesterday. While analysts expect Bitcoin to continue to rise with the start of October, generally known as the month of rise, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered a leading inflation indicator, has been announced. Accordingly, personal consumption expenditures data for August were as follows: Core Personal Consumption Expenditure Price Index (YoY) Announced 2.7% – Expected 2.7% – Previous 2.6% Core Personal Consumption Expenses…
Blockchain data tracker Whale Alert reported a large Solana transfer made to major crypto exchange Binance. In a tweet, Whale Alert reports that “154,912 SOL worth $23,928,285 was transferred from unknown wallet to Binance” with this action taking place some hours back. 🚨 154,912 #SOL (23,928,285 USD) transferred from unknown wallet to #Binancehttps://t.co/xSvB9zu1LP — Whale Alert (@whale_alert) August 10, 2024 Whales, or large cryptocurrency holders, often move assets to exchanges when they intend to sell or trade them. Thus, this substantial transfer has prompted attention as it coincides with a Solana price drop. At the time of writing, Solana’s price…