Author: NBTC
The much anticipated automated market maker (AMM) feature is live on XRP Ledger (XRPL), and accompanying it are liquidity pools that show fast-growing embrace of the new feature. According to an update from XRPScan, these liquidity pools have surpassed the 1,000 milestone with a wide-ranging list of assets hosted in private pools. Per the data, one of the biggest liquidity pools features the XRP/XCASH pair with the AMM account identified as “rUCLr….ABx6D” and a balance of 273,184,692.307334 LPToken. The innovations ongoing in XRP Ledger with the launch of the AMM feature underscores the long-term yearning for this product. AMM is…
After Bitcoin (BTC) reached its last all-time high of nearly $69,000, a significant portion of the market has increasingly viewed the $100,000 level as the next potential milestone for the maiden cryptocurrency. With Bitcoin presently trading above the $60,000 support zone, discussions surrounding the $100,000 target have resurfaced, with some market participants projecting that this milestone could be achieved in 2024. In this context, crypto trading analyst Gareth Soloway has identified a crucial catalyst that could propel Bitcoin to the targeted mark. During an interview with David Lin published on March 2, Soloway stressed the importance of monitoring market liquidity,…
It came to light yesterday that the U.S. Securities and Exchange Commission (SEC) is likely looking to reclassify Ethereum’s native token, ether (ETH), as a security. Not everyone believes this to be the case, and so far the SEC has deferred answering definitively on whether there is an ongoing probe — just like how the agency has punted the can on saying definitively that ETH is or isn’t a security. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here.…
As co-founder Gabby Dizon tells it, Yield Guild Games always aimed to be much more than a guild. The vision was to help other groups of crypto gamers unite, collaborate, and thrive together. It just had to start somewhere. “The biggest problem of any platform starting out is that no one really cares about you, right?” he told Decrypt’s GG. “And for us, the way to reach that goal long-term was to be the biggest guild ourselves. And we were able to achieve that with Axie Infinity.” When Axie Infinity’s monster-battling, token-earning model became lucrative amid the crypto and NFT…
Morgan Stanley, a leading global investment bank and wealth management firm, has filed for Bitcoin exposure in several institutionally focused funds to bring the top digital asset to the public. In an SEC filing, Morgan Stanley stated that some funds would have indirect exposure to Bitcoin through its investments in ETFs. Morgan Stanley Wants Bitcoin Exposure Morgan Stanley wants to integrate the recently launched spot Bitcoin ETFs into 13 investment vehicles. These include Advantage Portfolio, Asia Opportunity Portfolio, Counterpoint Global Portfolio, and International Opportunity Portfolio. However, these funds are restricted from allocating more than 25% of their assets to Bitcoin…
Ethereum price is attempting a recovery wave above the $3,500 zone. ETH must clear the $3,580 resistance to continue higher in the near term. Ethereum started a decent recovery wave above the $3,350 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a short-term bullish flag pattern with resistance at $3,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,580 resistance zone. Ethereum Price Holds Support Ethereum price started a decent upward move above the $3,250 and $3,350…
After experiencing consistent gains in recent days, the value of Bitcoin (BTC) seems to be consolidating above $60,000, a level that is also functioning as a support. However, uncertainty persists regarding the next direction for Bitcoin, as the asset failed to sustain its value above $64,000 after briefly touching it. Looking ahead, crypto analyst Ali Martinez has presented a scenario that could result in Bitcoin dropping and finding potential support around the $50,000 zone. In a post on X (formerly Twitter) on March 3, Martinez noted that more than 500,000 BTC had changed hands within the narrow range of $61,100…
Vitalik Buterin says the coming five years will be a turning point. At ETHTaipei 2024, he shared his thoughts on what’s next for Ethereum and how it could change the real world. What caught him off guard on the crypto scene? NFTs and meme coins have had a wild ride — nobody saw that coming five years ago. But what’s really got him excited is the leap in ZK technology, or zero-knowledge proofs, which allows users to prove ownership of assets without performing additional operations. Ethereum has been changing fast, merging and tweaking its code. But with all these big…
The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of $64,000 at the end of February. BTC was trading at $62,130 as of press time, with a market cap of $1.22 trillion, based on CryptoSlate data. The bullish momentum raised expectations for March, hinting at the possibility of an even more remarkable rally. However, the…
In the wake of multiple reports indicating that the SEC plans to classify Ethereum as a security, Reaper Financial CEO Patrick Riley has taken a subtle shade at the ETH community. According to an X post today, Riley cleverly twisted Ethereum co-founder Vitalik Buterin’s 2022 tweet to take a swipe at the Ethereum community amid the SEC’s quest to categorize ETH as a security. In the post, Riley noted that the Ethereum community already forfeited its moral standing to air its grievances about the SEC’s latest crackdown when it sacrificed XRP to monopolize control over the crypto industry through the…