Author: NBTC
Ripple has provided insights into stablecoin, highlighting its types, use cases, and projections in anticipation of its forthcoming stablecoin. The stablecoin space has been garnering momentum recently. At press time, the market is valued at around $160 billion, with Tether’s USDT accounting for over $110 billion of this valuation. Ripple Eyes Stablecoin Market Potentials Like most crypto sectors, the stablecoin market has also received mouthwatering forecasts. Top analysts project that the market could reach a valuation of $3 trillion by 2028. Prominent brokerage firm Bernstein issued this forecast last year. Interestingly, Ripple referenced Bernstein’s forecast about the stablecoin market in…
A very commonly used term in the field of financial trading is order book. It is a term that refers to the register on which all purchase and sale orders are stored waiting to be executed on an exchange. What is the order book and how do you read it? The main features How to analyze the order book What is the order book and how do you read it? The same term “order book” clearly suggests that it is a book, or rather a register, related to orders. The fact is that purchase and sale orders are not always…
Il Capo of Crypto, one of the most followed analysts in the cryptocurrency world, shared his first opinions after the historical halving in Bitcoin in his latest statement. Il Capo is actually known as a bearish analyst, but he has recently softened his statements and has not been talking about the $ 12,000 level, which is his ultimate target for BTC for a long time. The analyst said that the fourth halving has been completed and can be expected from now on. According to the analyst, with mining rewards halved, BTC miners often sell some of their reserves to cover…
Last month, at Paris Blockchain Week 2024 (April 9-11, 2024), Web3 journalist Ornella Hernández talked to Markus Infanger, Senior Vice President of RippleX. His discussion focused on the growing ecosystem, new technological advancements, and Ripple’s role in facilitating blockchain innovation. The XRP Ledger booth attracted significant attention at the conference, serving as a hub for queries and discussions about blockchain development. Infanger noted the enthusiastic reception from attendees, many of whom were eager to learn about starting projects on the XRP Ledger. This interest highlights the ledger’s expanding influence and the community’s eagerness to explore its capabilities. Ripple is actively…
The trading and investment platform eToro announced today (Monday) that it has successfully achieved the SOC 2 Type II Compliance Certification following a comprehensive audit of its custody operations. The certification, issued by the accounting firm Grant Thornton, verifies that eToro’s systems and processes meet stringent industry standards for data security, privacy, and confidentiality. The SOC 2 Type II Compliance Certification is an auditing procedure developed by the American Institute of CPAs (AICPA) to ensure that service providers securely manage and protect client data. The certification is particularly relevant for technology and cloud computing companies that store sensitive customer information.…
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security. The White House order said the British Virgin Islands company behind MineOne, which is majority owned by Chinese nationals, must remove all the improvements and mining equipment on the property located within a mile of the military facility in Cheyenne – a base that houses Minuteman III nuclear missiles. The company, which bought the property in 2022, was accused of acquiring the land and starting work there without filing with the Committee on…
Bitcoin (BTC) fees skyrocketed to their highest level, above $100, as the halving occurred, racking up over $2.4 million in mining fees. As a result, users, enthusiasts, and investors may turn to low-fee cryptocurrencies for efficient alternatives, potentially increasing their market demand. The 12,000-followers cypherpunk influencer, who goes by the alias Untraceable on X (formerly Twitter), believes an extended high-fee period for BTC can drive the cryptocurrency market focus to altcoins, possibly igniting an altseason. Is the Nano feeless network vulnerable to spam? Interestingly, the feeless design decision has received much criticism over the years from competing cryptocurrency supporters and…
A whale address recently moved 11 million Solana (SOL) worth $1.57 billion as SOL dropped below $146, stirring market speculation about the potential motives behind the move. According to a disclosure from whale-tracking resource Whale Alert, in the past 24 hours a huge transfer occurred on the Solana blockchain where over 11 million SOL tokens, worth about $1.57 billion at the current market rate, were transferred. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 11,000,000 #SOL (1,565,733,797 USD) transferred from unknown wallet to unknown new wallethttps://t.co/ao86Kjdnaz — Whale Alert (@whale_alert) May 8, 2024 The transaction occurred between unidentified…
Poloniex’s exchange data seen by crypto.news displays what appears to be a partially abandoned platform, with over 500 trading pairs showing no trading volume. Cryptocurrency exchange Poloniex, acquired by Justin Sun in 2019, demonstrates a concerned lack of activity as the majority of all spot trading pairs listed on it barely have any trades at all. According to the exchange’s data for spot trading pairs which displays stats for the past 24 hours, 521 trading pairs out of 981 showed less than $1 or even $0 in daily trading volume as of May 13, accounting for approximately 53% of all…
Fiat currencies are evaluated on a variety of factors from usability and integrity to interest rates and demand; ultimately, bitcoin should be assessed on a wider set of criteria. The price of bitcoin has long been a media obsession. Every industry milestone appears defined solely by the price of bitcoin the following day: “Bitcoin price falls 15% following launch of ETFs,” crowed the Financial Times, following the US Securities and Exchange Commission’s bitcoin ETF approval in January. This is slightly unfair. Between July and November last year, the euro fell 7% against the US dollar, and no one questioned the…