Author: NBTC
XRP investors holding between 5,000 and 100,000 XRP could see their investments skyrocket by as much as 70 to 164x if XRP rallies to the $43 to $100 range. The cryptocurrency market has embarked on a recovery journey, with Bitcoin (BTC) leading the charge, as prices experience major rebounds. However, despite BTC reclaiming the $70,000 price point, some altcoins have not recovered their mid-March highs. XRP is one such altcoin, currently trading for $0.6085 amid a 0.93% drop over the last 24 hours. In addition, while XRP’s relative strength index (RSI) indicates a lack of strength, its current position at…
FTX founder Sam Bankman-Fried filed to appeal his conviction and sentence for fraud and conspiracy charges on Thursday, hours before his deadline to do so. Bankman-Fried was convicted last November after a month-long trial on seven different charges, including fraud against FTX customers and Alameda Research investors. His companies filed for bankruptcy the year prior. Earlier this month, Bankman-Fried was sentenced to 25 years in federal prison for his role in the collapse of the exchange, along with 3 years of supervised release and $11 billion in forfeiture. New York District Court Judge Lewis Kaplan said Bankman-Fried was not remorseful…
In his new post on X, prominent crypto analyst Willy Woo shared his insights on Bitcoin (BTC) investment strategy, analyzing his decision-making process since entering the market 11 years ago. Woo’s analysis focuses on the potential future value of BTC relative to traditional assets such as gold and the U.S. dollar. Woo assesses the risk/reward ratio of investing in BTC, indicating that he believes there is more than a 50% chance that Bitcoin will outperform gold. Based on this assessment, he argues that investing in BTC represents a favorable risk-return ratio opportunity. He outlines three potential scenarios for Bitcoin’s future…
The mysterious Shiba Inu lead known to the community as Shytoshi Kusama has addressed the SHIB community in a recent message, commenting on the most recent major collaboration started by Shiba Inu. In the meantime, this week, the SHIB army has successfully burned hundreds of millions of meme coins. Shytoshi Kusama’s important message The enigmatic SHIB leader has commented on the recently initiated cooperation of the SHIB team with CDSA (Content Delivery Security Association). This collaboration will help Shiba Inu to explore the prospects of blockchain use in the sphere of media and entertainment. “We look forward to providing a…
Craig Wright has dropped his appeal against Hodlonaut in Norway. The decision to drop the case comes a month after a U.K. judge definitively ruled that Wright is not the inventor of Bitcoin. Craig Wright has dropped his appeal against Norwegian bitcoiner Hodlonaut, ending a nearly five-year-long legal battle over a series of social media posts in which Hodlonaut called Wright a “scammer” and a “fraud” for claiming to be the inventor of Bitcoin. A Norwegian judge sided with Hodlonaut after a 2022 trial in Oslo, concluding that he had “sufficient factual grounds to claim that Wright had lied and…
Ethereum developers, fresh off the successful Dencun upgrade, which enabled a major change to make it cheaper to transact on layer-2 blockchains, are moving ahead in planning the blockchain’s next improvements. The contents of the next upgrade, “Pectra,” are nowhere near finalized, but developers have previously said their aim with the upgrade will be to ship it while simultaneously working on the chain’s next upgrade. “The idea with Pectra is to try and find a bunch of small wins that we can get relatively quickly while we prototype the larger stuff,” Tim Beiko, protocol support lead at the Ethereum Foundation,…
Bitcoin (BTC) accumulation by old and new whales shows distinct price points with Spot ETF fueling the latest large-scale buyup. According to data from crypto analytics platform CryptoQuant, old Bitcoin whales acquired the coin mostly at an average price of $21,300 while new whales bought on average around the $56,400 mark. This differing price mark shows that Bitcoin price in general has different resistance and support zones that market participants need to watch out for. However, the current trend allay the fears of immediate selloff by whales, seeing the coin is trading above these two averages with its market value…
Sunbeam, the second stage for the Sunrise of decentralized data, has now been activated, being the start of the upgrade window. It was in October 2023 when The Graph ecosystem worked out a game plan and pledged to implement it on the Sunrise of decentralized data, providing the option for all hosted service users to be able to upgrade their subgraphs to The Graph Network. The upgrade window starts with immediate effect and finishes on the 12 of June, wherein it is mandatory for hosted service users to scale their subgraphs to The Graph Network. This will have the backing…
With social media aflutter with news that Uniswap had received a Wells notice, it’s important to define exactly what Uniswap and a Wells notice are. Uniswap is what’s known as a decentralized exchange — a platform that relies on smart contracts to execute buy and sell orders for customers instead of a matching engine controlled by a centralized entity. While the domain and front end of the website are able to be seized or shut down, many aspects of Uniswap — like the backend and the protocol — cannot simply be seized to stop customers from trading. Additionally, Uniswap offers…
JPMorgan recently published a research report stating that spot Ethereum (ETH) ETFs have no more than a 50% chance of being approved in May. This comes to light in light of the US Securities and Exchange Commission’s (SEC) ongoing investigations into companies associated with the Ethereum Foundation. The bank maintained its stance, first expressed in January, that these products were unlikely to be approved next month. The SEC, which approved spot Bitcoin (BTC) ETFs earlier this year, is expected to make final decisions on some Ethereum ETF applications by May 23. The approval of BTC ETFs led to speculation that…