Author: NBTC

In a recent turn of events, the XRP Ledger blockchain has witnessed a staggering surge in the burning of XRP tokens, reaching an unprecedented level not seen since mid-January. According to the latest data from XRP Scan, a whopping 6,721.92 XRP were burned as commissions, marking a remarkable 104% increase compared to the previous day. The surge in burns comes amid a remarkable rally in the price of the popular token. Over the course of this week alone, the XRP price has soared by over 15%, painting an impressive weekly candle on its price chart. Despite a momentary setback earlier…

The U.S. Federal Reserve listed a central bank digital currency (CBDC) as one of its “key duties” in a document presented to members of Congress. House Majority Whip Tom Emmer, a Republican from Minnesota, says Fed officials handed his staff a document earlier in the Congressional session titled “Key Duties of the Fed – Payment Systems.” “If you don’t think the Fed is pursuing a CBDC, think again… They view a CBDC as one of their KEY DUTIES.” Source: Tom Emmer/X Emmer, a vocal crypto supporter and CBDC skeptic who once said that digitized fiat dollars would be nothing more…

The Hadron Founders Club (Hadron FC), the first to take their central position in the heart of the Ethereum ecosystem, had just formally launched today, hence a new chapter for early-stage Web3 startups. Based in San Francisco, this program intends to operate as the cornerstone of founders, developers, and creators, supplying them with custom events and services that work towards the height of achievements and are since focused on the changing Web3 environment. Polygon Lab pledged a substantial grant to Hadron FC, which is solving the problem that most teams have by creating an environment for builders to rise. Ajit…

Bitcoin has descended back to $65,000 in a massive selloff following a brief wick above $69,000 on Tuesday, eclipsing the asset’s previous all-time high in US dollars. The sell-off has triggered over $670 million in crypto market liquidations – including $388 million in longs, and $286 million in shorts. According to Coinglass, 198,577 traders have been liquidated within the past 24 hours. The largest single liquidation was on a BTC/USDT trade on Binance for $8.23 million. About $201 million of liquidations impacted Bitcoin trades, while another $110 million affected ETH trades. Roughly $66 million was liquidated on trades for memecoins…

ClearToken has raised $10M in seed investment from institutional investors including Nomura’s Laser Digital. The company plans to be fully regulated in the U.K. and has started the approval process. Cleartoken, a cryptocurrency clearing house, has received over $10 million in seed investment from institutional investors, the company said Wednesday. Investment came from firms including Laser Digital, the digital assets subsidiary of Nomura, liquidity providers including Flow Traders and GSR and from digital asset companies LMAX Digital and Zodia Custody. Clearing houses reduce counterparty risk by acting as the buyer to every seller and seller to every buyer. ClearToken will…

Cryptocurrency prices were mixed during the weekend, a few days after Bitcoin surged to over $64,000 for the first time since 2021. Bitcoin remained stuck above $62,500 while Ethereum was around $3,430. Other popular coins like Solana, Avalanche, and Tron remained in a consolidation phase. Still, there were some top performers during the weekend. WEN, the new Solana meme coin, jumped to $0.00031, which was 635% above its lowest point on record. Its jump brought its total market cap to over $297 million. Similarly, Numbers Protocol (NUM) surged by over 200% in the past 24 hours, giving it a market…

Russia has formally signed a law permitting the use of digital financial assets (DFAs) for cross-border payments amid attempts to avoid Western-backed sanctions. Russia’s President Vladimir Putin appended his signature to the bill that allows digital currency use for foreign trade payments, ending months of legislative back-and-forth. A deep dive into the provisions of the newly minted law reveals that only tokenized assets issued by the Bank of Russia are authorized to be deployed in foreign trade payments. Domestic use within Russia’s borders is expressly prohibited by the new rulebook despite the legislative approval given to DFAs. Russia’s authorities are…

Introduction to Blockchain’s Revolution in Gaming The integration of blockchain technology within the gaming sector signifies a profound metamorphosis in the paradigms of game development, deployment, and player interaction. Blockchain, with its immutable ledgers, consensus algorithms, and cryptographic assurances, provides a critical infrastructural backbone for the gaming industry’s evolution. This pioneering technology paves the way for the advent of decentralized gaming ecosystems, wherein smart contracts supplant traditional centralized administration. This progression not only democratizes the gaming experience but also institutes mechanisms for verifiable game fairness, ownership of non-fungible tokens (NFTs), and the integrity of cryptographic transactions, thus redefining the concept…

Bitcoin just set a record high. But what the hell is it? Amid all the excitement around bitcoin (BTC) setting a new all-time high Tuesday, there’s oddness surrounding the auspicious event: little agreement on the new peak price bitcoin got to, or the prior pinnacle that got beat. On Coinbase, the U.S.-based cryptocurrency exchange popular with retail traders, bitcoin got to a new high of $69,325. But Bloomberg says the fresh record is $69,191.94, Reuters says $69,202 and the CoinDesk Bitcoin Index (XBX) says $69,208.79. CoinGecko reports that bitcoin only reached $68,912.84 on Tuesday, which is not a new record,…

Cathie Wood’s Ark Invest has made headlines once again as it continues to divest Coinbase shares, shedding another $27.2 million worth of COIN on Tuesday, according to the investment firm’s latest trading filing. Cathie Wood’s Ark Invest Continues Coinbase Selling Spree The famous investment firm, led by Cathie Wood, sold 106,000 Coinbase shares across three exchange-traded funds (ETFs). This latest move comes on the heels of a $69 million sale on Monday, bringing Ark’s total Coinbase divestiture this week to nearly $100 million. Coinbase’s decision to rebalance fund weightings amid a sustained rise in its stock price is seen as…