Author: NBTC

Ripple XRP whales accumulate significantly, signaling long-term confidence. Whale transactions boost XRP demand, reducing selling pressure. Amid a previously bearish market, whales appear unconcerned as they continue to accumulate XRP, considering the price dip as a discount and an opportunity to acquire more. According to recent findings, Ripple XRP whales have been withdrawing coins from exchanges at an unusually high rate throughout the token’s price collapse, prior to the recent market recovery. Whales Signal Confidence as XRP Accumulation Rises Amid Price Drops These trades took place as XRP’s price dropped to local lows, falling below $0.5. Santiment data shows that…

com achieved PCI DSS v4.0 certification on October 3, 2024. This certification enhances flexibility in addressing evolving security threats. com remains committed to privacy, security, and compliance leadership. Crypto.com has marked a significant milestone by becoming one of the first cryptocurrency platforms to achieve the Payment Card Industry Data Security Standard (PCI DSS) v4.0 certification according to an announcement made on October 3, 2024. This certification is a testament to the company’s commitment to upholding the highest security and data privacy standards. The upgrade to PCI DSS v4.0, which retains the core 12 security requirements while integrating new technologies and…

According to on-chain data, a long-dormant Bitcoin whale has come back to life, moving a massive stash of BTC that has remained untouched for over a decade. Whale Alert states, “A dormant address containing 81 BTC worth $5,189,542 was activated after 10.9 years worth $44,707 in 2013.” 💤 A dormant address containing 81 #BTC (5,189,542 USD) has just been activated after 10.9 years (worth 44,707 USD in 2013)!https://t.co/0QTLIfzk6K — Whale Alert (@whale_alert) September 23, 2024 The BTC holder who has held onto their Bitcoin stash since 2013 has reportedly seen gains of 11,507% in their Bitcoin holdings. Back in 2013,…

With Japan’s new prime minister in place, a new digital minister (“Minister for Digital Transformation”) will also be taking over, known by supporters for his advocacy of AI and web3 development. Masaaki Taira is also looked to with desperate hope for lowering Japan’s crypto tax rates. Japanese X is currently abuzz with talk of tax cuts and crypto optimism. This is due to the newly announced appointment of politician Masaaki Taira as digital minister (official English title: “Minister for Digital Transformation”), who was tapped by just-elected Japanese PM Shigeru Ishiba. Taira is a Liberal Democratic Party (LDP) figure involved in…

Polkadot (DOT) only saw $1M of its treasury spent in July, after backers noticed overspending on marketing. At this rate, Polkadot may run out of treasury reserves in the next two years. Polkadot (DOT) decreased the outflows of its treasury, after receiving criticism of misspending its marketing budget. The Polkadot treasury has been in the red for the past 12 months, with the most significant outflows in April and May 2024. Some of the outflows are in support of Polkadot’s marketing budget. The last month saw more than $1M in net outflows, following months with more than $3M in net…

A US citizen has filed a lawsuit over losing $2.1 million in Bitcoin tokens due to what he believes to be a pig butchering scam orchestrated by a crime syndicate in Southeast Asia. According to a release on Oct. 3, Hector Gustav Gutierrez has filed a lawsuit against Yan Shi Zhang, also known as “1” in the District Court of California over an alleged “pig butchering” scam which cost him 33 Bitcoin(BTC), approximately $2.1 million USD. Attorney Kiley Grombacher, the lawyer representing Gutierrez, explained that his client was roped into a pig butchering scam involving fraudulent crypto investments operated from…

Kraken has announced the launch of its new global derivatives venue in Bermuda. This initiative aims to provide clients with a licensed trading platform in a recognized jurisdiction. Kraken’s new venue allows clients to trade derivatives around the clock, aligning with the 24/7 nature of the cryptocurrency market. According to the press release, the exchange operates under the regulatory oversight of the Bermuda Monetary Authority, which is recognized for its strong framework in cryptocurrency regulation. With this launch, Kraken expands its offerings to include over 200 different derivative contracts. The timing is important, as many clients seek to use derivatives…

The cost of mining one Bitcoin drastically changed after April’s halving, while eight countries with affordable electricity have already banned BTC mining. Mining Bitcoin (BTC) was once a cash cow for early individual adopters, but not since the halving earlier this year, according to a September study by NFT Evening. People in Ireland, for example, have to spend around $321,112 to mine a single Bitcoin. In Iran, the same process would cost about $1,324. Due to energy costs, U.S. miners operated at a 50% loss when Bitcoin dropped to $57,909 last month. This paradigm played out despite America being one…

An early Bitcoin miner from 2009 three weeks ago ended a decade of inactivity and earlier Tuesday sent an additional 5 bitcoin to crypto exchange Kraken. There has been notable activity from Bitcoin wallets dating back to the Satoshi era in the past year, including a wallet that moved $16 million worth of BTC after 15 years of dormancy. An early bitcoin (BTC) whale who mined the asset in its infancy in 2009 has transferred a portion of its holdings to crypto exchange Kraken after a decade of dormancy, data from on-chain tool Arkham shows. The whale, a colloquial term…

The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose risks to the country’s financial stability, and will not change the functions of the banking system. Bank of Russia: Digital Ruble Not a Risk for the Country’s Financial Stability The Bank of Russia recently explained that the digital ruble, Russia’s central bank digital currency (CBDC), will not change how the state manages its monetary policy. In a draft outlining…