Author: NBTC

XRP saw its price jump 21% over the last seven days and 13% over the last 24 hours, trading at $2.69 as of press time—just as the Ripple USD (RLUSD) stablecoin launches on the network. XRP was launched by the co-founders of Ripple Labs in 2012, but the company has gone to great lengths to stress that it is not the issuer of the token. Still, crypto traders know there’s a link and tend to consider good news for Ripple Labs, like its new stablecoin being approved by New York regulators, as an indicator that the XRP price will go…

Donald Trump unveils an aggressive plan to slash 10 regulations for every new one, promising unprecedented deregulation to spur jobs, innovation, and economic growth. Regulation Overhaul: Trump’s Ambitious 10-for-1 Cut Strategy Explained U.S. President-elect Donald Trump is gearing up to initiate sweeping regulatory reforms across numerous industries, promising significant changes aimed at boosting economic growth. Speaking on Monday, Trump emphasized his administration’s commitment to reducing regulations he described as harmful to job growth, outlining a bold regulatory approach. He stated: Already preparations are underway to slash massive numbers of job-killing regulations, eliminating 10 old regulations for every new one. You…

The U.S. Treasury Department recently likened Bitcoin to “digital gold,” emphasizing its primary use case as a store of value in the decentralized finance (DeFi) ecosystem. The statements come at a time when digital assets continue to grow steadily, with interest in both cryptocurrencies such as Bitcoin and Ethereum, as well as stablecoins. The Treasury Department acknowledged in its report that digital assets are growing rapidly, but noted that this growth is coming from a relatively small base. The report said, “Digital assets have witnessed rapid growth, albeit from a small base.” However, according to the report, the market value…

Ethereum’s price is back above $4,000 driven by strong buying and solid support levels. IntoTheBlock data shows 7.2 million ETH were bought just below $4,000. This shows strong demand from investors. This demand suggests that Ethereum’s price may stay above $4,000. As $ETH pushes back above $4000, a strong support level is solidifying just below this threshold.7.2 million ETH were purchased at prices slightly under $4,000, signaling significant demand. This demand should help sustain Ethereum’s value above the $4,000 level. pic.twitter.com/yAunfqcbY5 — IntoTheBlock (@intotheblock) December 17, 2024 Additionally, a high-profile move from Justin Sun, who applied to withdraw over 52,000…

Prof. Dr. Özgür Demirtaş, who made statements about Bitcoin (BTC) and cryptocurrencies, talked about crypto again. Economics professor Özgür Demirtaş, in his post from his X account, suggested a cryptocurrency for Türkiye. Demirtaş, while drawing attention to the fact that the increasing value of the Turkish Lira and the weakening of the Russian economy have a negative impact on the tourism sector, suggested that Turkey switch to a cryptocurrency payment system in order to overcome the difficulties in the tourism sector. Demirtaş stated that accepting payments with cryptocurrency could attract new tourists to the sector, and emphasized that this step…

Revolut has announced the official launch of its branch in Italy, along with the launch of the Italian IBAN. Now the Italian customers of the financial super app can use Revolut as their main account. Revolut: the official launch of the branch in Italy and the offer of an Italian IBAN Revolut and the launch of the Italian IBAN: the goal is to grow in Italy The milestone of 50 million customers globally Revolut: the official launch of the branch in Italy and the offer of an Italian IBAN Revolut, the global financial super app, has officially announced its branch…

Conversations concerning the long-term price trajectory of Bitcoin have been rekindled by its recent performance. Compared to the previous two market cycles, the current one indicates that Bitcoin may still have a lot of room to grow, possibly reaching the $200,000 mark. It is clear from examining Bitcoin’s chart that the cryptocurrency has closely mirrored previous cycles. Following the recovery patterns observed in previous bull markets, Bitcoin has risen more than 300% since its 2024 low of about $25,000. During these cycles, Bitcoin’s ROI (Return on Investment) has historically grown exponentially, frequently reaching new all-time highs. Even at its current…

Ethereum price has stalled at the resistance level of $4,000, but on-chain metrics and other external factors points to more gains. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, was trading at $4,008. But the momentum failed to continue as it has faced resistance over the past three consecutive weeks. Still, ETH has positive catalysts that could push its price higher in the near term. The first main catalyst is that Bitcoin (BTC) has continued rising and moved to a record high this week. Altcoins like Ether often follow the price of Bitcoin. Spot Ethereum ETFs are also seeing strong…

Eric Balchunas, Bloomberg’s senior ETF analyst, has opined that it could take a while for business intelligence firm MicroStrategy to become part of the S&P 500 stock market index. In order to become part of the index, companies are supposed to have cumulative positive profits over the past four quarters. MicroStrategy, however, was profitable for only one out of the last four quarters. That said, a new accounting rule that would allow the company to log the changes in the fair value of its Bitcoin fortune as net income. This means that the company could potentially start reporting impressive earnings…

Prominent exchange listings often ignite massive price surges for lesser-known tokens, especially during a bull market. South Korean crypto exchange giant Upbit’s announcement to list MOCA Network (MOCA), for one, has had a dramatic effect on its market performance. Whale Moves Millions in MOCA After Upbit announced the listing of MOCA, its price surge prompted two wallets, likely linked to the same whale, to deposit 9.5 million MOCA tokens worth $3.55 million to Bybit. If these tokens are fully sold at the current price levels, the whale stands to make an impressive profit of $2.55 million, highlighting the significant market…