Author: NBTC
Renowned crypto author Panos Mekras has outlined factors he believes will contribute to XRP’s success and influence its market value, diverging from the prevailing anticipation surrounding a potential lawsuit settlement and ETF listing. Mekras, Co-founder of Anodos Finance, expressed this sentiment amid the wave of pessimism directed towards XRP. Famous crypto investigator Mr. Huber called attention to this trend in a recent post on X. “XRP is Dead” Campaign Huber observed a chorus of “XRP is dead” reverberating within the XRP community due to its lagging performance compared to its counterparts. For instance, XRP has increased 19% over the past…
BitVM has recently come under some scrutiny after the Taproot Wizards, Tyler and Rijndael, posted their criticism of the liquidity requirements imposed on the operator of a BitVM based two-way peg. In all the recent discussions around BitVM based layer two solutions, I had taken for granted that people discussing them and interested in the design space understood the collateralization/liquidity requirements imposed by the architecture on the operator(s). The recent discussion around the “liquidity crunch” issue shows me I was incorrect about this assumption, and that many people outside of those actively involved in BitVM development were not aware of…
The price of Bitcoin, the flagship cryptocurrency, has suddenly managed to reclaim the coveted $65,000 level. It surged to $65,460 earlier today before paring some recent gains. Despite the recent dip, the price of the leading cryptocurrency is up roughly 25% over the past 30 days. Massive liquidations According to data provided by CoinGlass, more than $46 million worth of short positions have been liquidated over the past four hours. Roughly $12 million worth of short positions have been wiped out in the span of a single hour. However, the bulls still suffered a much bigger blow compared to the…
Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank “sees no need” to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version. Jordan argued that the current financial market offers a wide selection of efficient and innovative payment methods through the private sector, rendering a retail CBDC unnecessary. Retail risks The central bank chairman said that retail CBDCs could significantly disrupt the established monetary system and the symbiotic relationship between central banks and commercial banks, leading to extensive and unpredictable impacts on the overall financial framework. Jordan added that the…
In a recently published tweet, cryptocurrency analyst Miles Deutscher touched on the AI topic, sharing his predictions as to how artificial intelligence will continue to expand particularly within the crypto space. He also named an important metric by which DOGE meme coin beats the entire AI crypto sector. DOGE has left all AI cryptos behind, “big secret” about AI coins unveiled The analyst made a point of stressing that he expects artificial intelligence and products that will be powered by it in the future to become one of the biggest bubbles in the history of financial markets. So far, it…
Building bridges in the blockchain world, particularly in bridging different networks or chains, presents an intriguing paradox. While there is a strong focus on enhancing the internal security measures of these technologies through rigorous audits and layered security protocols, external threats often remain underestimated. A recent incident involving the Harmony Bridge, known as the Harmony Bridge Attack, serves as a stark reminder of these external vulnerabilities. Harmony’s Horizon Bridge, a canonical bridge for the Harmony blockchain, was designed to facilitate the movement of assets between Ethereum and Harmony. The bridge maintained a 1:1 ratio of tokens on both chains by…
Nayib Bukele, the self-described dictator of El Salvador, recently revealed the address where the country is storing the lion’s share of its Bitcoin holdings, 32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo. This address reveals that El Salvador has more bitcoin than they had previously stated, and provides further insight into the relationship between the nation of El Salvador and the crypto exchange Bitfinex. A detailed review of the approximately 5,693 bitcoins in the cold wallet showed that 4,560 of these were received from an address believed to be Bitfinex. Nayib Bukele reveals El Salvador received 4,560 bitcoins from Bitfinex The address has also continued to receive…
On-chain analytical platform Spot On Chain reveals that crypto whales have channeled $35.11 million in stablecoins into Ethereum (ETH), propelling its price past $3,400. These crypto whales’ activities will potentially carve the path for Ethereum’s forthcoming price action. How Crypto Whales’ Activities Established a Strong Support For ETH Price A closer look at the transactions reveals a strategic play. Eight crypto wallets, likely under a single entity’s control, deployed $20.86 million in USDT to purchase 6,144 ETH, averaging a price of $3,395. “Notably, five wallets labeled “Address Group 1” were funded with USDT by wallet 0x065 while those from “Address…
BCB has moved its custody operations to Ripple-owned Metaco’s platform. The move will allow the payments firm to consolidate its custody technology. BCB provides crypto payments and trading services for clients, including Galaxy Digital and Gemini. Metaco, a Swiss crypto custody firm owned by Ripple, said BCB Group, a crypto payments firm, consolidated governance of its digital asset custody operations onto its flagship platform. London-based BCB Group, having migrated its operations from a third-party digital asset technology provider, is now using Metaco’s custody orchestration platform, the companies said in a statement. The move allows the payments firm to consolidate its…
Stablecoin issuer Circle is enhancing liquidity on Solana through the forthcoming launch of its Cross-Chain Transfer Protocol (CCTP) on the network. This protocol enables users to seamlessly transfer USDC across supported blockchain networks by burning and minting the stablecoin. CCTP operates on seven networks: Ethereum, Avalanche, Base, Noble, Arbitrum, OP Mainnet, and Polygon PoS. CCTP to Boost Solana Stablecoin Liquidity Circle has unveiled a pre-mint address allowing CCTP to mint USDC on Solana before the March 26 launch. This strategic move empowers Circle to establish and maintain a USDC balance on Solana. However, the pre-minted tokens await inclusion in the…