Author: NBTC

In a recent publication, Ripple highlighted that its payment solution for the cross-border payment market continues to leverage the utility of XRP. Anderson, an XRP community researcher, drew attention to this information from Ripple to address growing concerns that the company might be moving away from using XRP for payment transactions. This speculation gained traction earlier this year when Ripple announced plans to introduce a stablecoin into its payment solution. Despite Ripple’s repeated assurances that RLUSD would complement rather than replace XRP in their payment services, doubts have persisted. However, the latest publication from Ripple reaffirms XRP’s central role in…

Reddit sold the majority of its cryptocurrency portfolio during the third quarter, offloading Bitcoin and Ethereum once held “for treasury purposes,” according to a Tuesday filing with the Securities and Exchange Commission (SEC). When the social media company filed for an initial public offering in February, the company held an “immaterial” amount of crypto on its balance sheet, purchasing digital assets using excess cash. On Tuesday, Reddit used the same language to describe proceeds from the recent sale. “We sold the majority of our cryptocurrency portfolio, which consisted primarily of Bitcoin and Ether,” Reddit stated. “The net carrying value of…

Ethereum exchange-traded funds (ETF) have put their underwhelming days of performance behind them. Data from Farside Investors show two consecutive days of massive inflows into Ethereum ETF products. This inflow streak comes after the week witnessed huge outflows and zero net flow, signaling a shift in investors’ outlook on the product. Ethereum ETF inflows signal institutional interest Data shows that the nine Ethereum ETF products registered a cumulative inflow of $79.7 million, $27.4 million higher than the previous inflow of $52.3 million. Fidelity (FETH) led the daily inflow with $28.9 million, a $2 million increase from Wednesday, Nov. 8’s, inflow…

Robert Kiyosaki, a Bitcoin lover, entrepreneur, and author of the popular classic book on finance management “Rich Dad Poor Dad,” has published a tweet to warn his audience on the X platform about the unleashed banking crash once again. According to Kiyosaki, billionaire Ray Dalio, founder of the Bridgewater Associates hedge fund, was among those who warned about this crash coming. However, the investment guru claims that even with little spare money, one can profit from this crash. Profiting from current banking crash possible with this asset per Kioysaki Kiyosaki stated that he believes the banking crash which such big…

The imminent release from prison for CZ, former CEO and founder of the crypto exchange Binance, could provide fertile ground for a possible bull of BNB. In particular, the cryptocurrency is now projected towards the graphical level of 600 dollars, thanks to the growing optimism within the Binance ecosystem. In the meantime, the memecoin inspired by CZ see speculative opportunities in the market. All the details below. The 4-month sentence of former Binance CEO CZ is about to end: is the BNB crypto ready to wake up? The release of the founder of Binance could have a bullish impact on…

The recent wave of crypto fundraising events has drawn millions in capital, reflecting growing investor confidence in blockchain and Web3 initiatives. Vlayer successfully raised $10 million leading the pack, backed by notable investors, including CSK and Credo. The project’s focus on advanced digital solutions has attracted substantial interest, with industry analysts seeing this funding as a pivotal boost to Vlayer’s development and market reach. MAJOR RECENT CRYPTO FUNDRAISING EVENTS#Vlayer #Cytonic #Pond #AWORLD #GameBeast #Usual $USUAL #SkyX #BIOProtocol pic.twitter.com/AxoDootoGU — PHOENIX – Crypto News & Analytics (@pnxgrp) November 9, 2024 Cytonic Attracts $8.3 Million Investment from Major Web3 Ventures Cytonic, another…

AI tokens rallied even as macroeconomic and political developments weighed on the broader crypto market. On Monday, Apple announced “Apple Intelligence,” foraying into the artificial intelligence sector. Native cryptocurrencies of blockchain endeavors supposedly involved with artificial intelligence (AI) outshone the broader market after iPhone maker Apple (AAPL) showcased its efforts to bring the technology to its smartphones. AI-focused decentralized blockchain platform Internet Computer Protocol’s ICP token is about 10% higher on a 24-hour basis, the best-performing token among the 100 biggest cryptocurrencies by market value, according to data source Coingecko. Artificial Superintelligence Alliance’s (formerly Fetch.AI) FET ranked fifth, adding 5%.…

Crypto analyst Tony Severino has said that the Bitcoin price is approaching the strongest part of the bull run. Based on his analysis, Tony provided insights into how high the flagship crypto could rise as it approaches its peak in this market cycle. Bitcoin Price Target For Strongest Part Of This Bull Run Tony revealed in an X post that the Bitcoin price could reach a market top of $133,000 in this bull run. He explained that the BTC 2-month Relative Strength Index (RSI) is approaching 70, which has ignited the strongest part of every past bull run. In 2012,…

This 20% rise has sparked optimism among investors, but there remains some uncertainty over whether the uptrend will continue without a reversal. Ethereum Whales Make a Comeback Ethereum whale activity has increased significantly, showing a resurgence of confidence among large holders. The number of addresses holding over $100,000 worth of ETH has grown by 17%, while those holding over $1 million have risen by 19%. These substantial accumulations by high-value addresses reflect growing confidence in Ethereum’s future price performance, with whales likely anticipating further gains. Such increased whale participation is often a bullish signal, as large investors are typically seen…

Solana is defying the current crypto market slowdown. While its native token SOL might be struggling to maintain its price, the blockchain itself is witnessing a surge in activity, reaching a four-year high in daily active addresses. This significant increase, highlighted in a chart shared on X (formerly Twitter), puts Solana ahead of other major blockchain networks like Tron, Avalanche, Aptos, and Polygon. BREAKING: SOLANA RECORDS HIGHEST DAILY ACTIVE ADDRESSES IN BLOCKCHAIN HISTORY pic.twitter.com/6aY3PTbCV6 — DEGEN NEWS (@DegenerateNews) September 10, 2024 Read also: Solana’s Active Addresses Hit 4-Year High: What’s Driving It? The supporters of Solana celebrated the milestone on…