Author: NBTC

The cryptocurrency market has rebounded more than 6 percent in the past 24 hours to about $2.24 trillion, and worldwide (WLD) has not been left behind. According to the latest crypto data, WLD price rebounded more than 8 percent in the past 24 hours to trade around $1.76 on Friday during the early Asian session. However, the WLD price is still far from full recovery as the holders have experienced nearly 85 percent in drawbacks over the last five months. In comparison, since March this year, Solana (SOL) and Dogecoin (DOGE) prices have retracted by about 30 percent and 50…

The Cryptocurrency Open Patent Alliance (COPA) has joined forces with Unified Patents to protect the crypto community from patent trolls, launching a new Blockchain Zone aimed at challenging patents held by non-practicing entities (NPEs) that could threaten the open-source ecosystem. According to Unified Patents, this initiative seeks to deter NPE activity in the crypto sector, where such entities account for 58% of all US patent litigation. Paul Grewal, Chief Legal Officer at Coinbase and a member of COPA, emphasized the significance of this collaboration, saying: “Patent trolls are barriers in the path of innovation; they hinder the progress of technology…

Even as Bitcoin continues to grapple with the key level of $64,000, experts are pointing to Ethereum’s outperformance of Bitcoin since the Federal Reserve’s 50 basis point rate cut as a possible indicator of shifting market dynamics. Despite the minor pullbacks, institutional interest in both assets persists. Bitcoin spot ETFs reported a net inflow of $106 million on September 25, extending a 5-day streak. BlackRock’s iShares Bitcoin Trust (IBIT) alone saw an inflow of $184 million. Meanwhile, Ethereum spot ETFs brought in $43.2 million, including $26.6 million into Grayscale’s (ETH) ETF, according to data from SoSo Value. Meanwhile, interest in…

Global liquidity is surging. Central banks are injecting capital into economies worldwide, and this has massive implications. It’s big. Asset prices are inflating, and everyone with investments stands to gain. Savers though? Not so much. Their cash is eroding in value as more liquidity floods in. This liquidity wave will drive a bull run of epic proportions, and Bitcoin is primed to ride it. Over time, BTC has shown a strong relationship with global liquidity. When liquidity rises, Bitcoin tends to follow. The reverse is true when liquidity contracts, with prices falling alongside it. This has led people to call…

Japan to use XRP for all payments by 2025, driving major changes in the country’s digital currency market. SBI CEO Yoshitaka Kitao’s 2023 prediction of XRP’s dominance in Japan’s banking sector aligns with Japan’s recent announcement. Ripple’s legal victory, with XRP not deemed a security, paves the way for its widespread adoption in Japan by 2025. Japan has revealed that XRP will be utilized for all payments across the country by 2025. This decision, unveiled by key financial leaders, marks a forward step in Japan’s approach to digital currency adoption. 🇯🇵: JAPAN HAS ANNOUNCED THAT #XRP WILL BE USED FOR…

The UK’s Financial Conduct Authority (FCA) and the Bank of England have officially launched the next phase of their Digital Securities Sandbox (DSS), enabling firms to explore distributed ledger technology (DLT) and tokenized securities within traditional financial markets. The DSS, which will be operational until December 2028, provides a structured environment for testing and implementing DLT applications, aiming to enhance market efficiency, transparency, and resilience. The initiative seeks to position the UK as a global leader in financial innovation by fostering conditions conducive to investment and sustainable growth. Divided into sequential stages known as gates, the DSS allows sandbox entrants…

Over the last two weeks, non-fungible token (NFT) sales have enjoyed steady week-over-week increases. However, when we compare the numbers from September to August, the story takes a different turn. Data from Cryptoslam.io reveals that September saw a 47.9% drop in total digital collectible sales compared to the previous month. NFT Market Faces Continued Decline August was a tough month for NFT sales, with revenue plummeting by 41.36% compared to July. Unfortunately, September didn’t bring any relief—it got even worse. The month saw a total of $317.77 million in NFT sales, marking a 47.9% drop from August. September’s NFT sales…

EA Capital has become the latest digital asset firm to obtain a license in South Africa as the continent’s second-largest economy ramps up digital currency regulations. EA Capital announced that it had acquired a Category I license as a Crypto Asset Service Provider (CASP) from the country’s Financial Sector Conduct Authority (FSCA). It joins other major players, including Luno and VALR, which acquired the license this year under the FSCA’s new digital asset regulatory framework. The Cape Town-based company offers diverse digital asset services, from financial services such as prime brokerage, liquidity provision and an over-the-counter (OTC) desk to derivatives,…

The Ripple CTO David Schwartz provides clarification on whether the payment firm can still use XRP for its Ripple Payments transactions following the injunction from the SEC lawsuit. Schwartz’s remarks came as a response to comments from critic and community figure “Scam Detective.” Recall that in addition to imposing a $125 million fine on Ripple for violating securities provisions, Judge Analisa Torres also issued an injunction to bar Ripple from further contravening securities laws through institutional XRP sales. Can Ripple Still Use XRP for ODL in the US? This part of the ruling has been the subject of debate due…

Despite social media rumours suggesting an FTX reimbursement by September 30, customers will have to wait an additional week for any updates on repayments. Before FTX can disburse any creditor funds, the court will have to approve its wind-down plan, with the next court hearing scheduled for October 7. FTX is waiting on court approval for its reorganization plan When FTX filed for bankruptcy protection in November 2022, and CEO Sam Bankman Fried resigned, John Ray III, a long-time bankruptcy litigator, took over the reins to try and fix the mess. On May 7, 2024, the exchange filed its Chapter…