Author: NBTC

In a recent tweet, Ripple’s chief technology officer (CTO) shared insights on cryptocurrency use in payments including XRP, shedding light on its valuation in relation to payments. That won’t make your payments any cheaper. It’ll just mean that buying and selling the same value of XRP moves the market against you more, making payments even more expensive. — David “JoelKatz” Schwartz (@JoelKatz) September 20, 2024 In response to an X user, Schwartz remarked that virtually no crypto is being used for payments. XRP on the other hand has wide availability, is among the top five in terms of market capitalization…

In response to overwhelming demand, the Solana staking campaign on Binance has been extended inviting users to stake their $SOL tokens and potentially get a chance of receiving greater rewards. This extension is expected to positively impact the SOL prices as increased staking leads to more demand and reduced circulating supply, creating increased token value. Due to popular demand, the campaign has been extended! Stake your $SOL now and join the surge. https://t.co/KtpXQb337d — Binance (@binance) October 24, 2024 The introduction of BNSOL products allows users to stake SOL while maintaining liquidity through liquid staking tokens, which can be utilized…

All eyes are on Bitcoin at this juncture. Recently, many predicted that September would be a great month for Bitcoin and it might see a bullish trend during the month. But, so far, we have seen nothing exciting in the Bitcoin chart. On September 6, it even plummeted to a low of $53,994.12, raising questions about the reliability of the forecasts made regarding the asset’s potential September uptrend. Meanwhile, a recent post made in X by Jelle indicates that we don’t have to completely lose hope about the predicted Bitcoin bullish momentum. Why? Read on! Will Bitcoin Mirror 2023’s Performance?…

The broader crypto market is undergoing intense consolidation, with the heat blowing to high-performant meme coins like dogwifhat (WIF), PEPE and Telegram game Catizen (CATI). Per CoinGlass data, the industry has recorded a total liquidation of $98 million. WIF, PEPE and CATI on front line Per data from CoinGlass, these tokens have outperformed most altcoins in 24-hour liquidation figures. Solana-based WIF has recorded $1.39 million in total liquidations. Long traders suffered the most, with $1.2 million liquidated, and short traders lost just $192,820. PEPE also recorded fairly high liquidations of $1.27 million as long traders took a $1.03 million loss…

More than a dozen crypto exchanges in South Korea have closed or suspended operations in 2024, leaving nearly $13 million in assets unclaimed by almost 34,000 subscribers. As South Korea enforces the Virtual Asset User Protection Act, more than a dozen crypto exchanges have shut down in 2024, leaving customers with 17.8 billion won ($12.8 million) in inaccessible assets. According to data from the Financial Services Commission, 11 exchanges have permanently ceased operations, while three others have temporarily suspended services in late September, The Korea Times reports. As a result, nearly 34,000 crypto owners are now seeking to reclaim cash…

In recent months of 2024, Bitcoin has experienced significant price fluctuations, resulting in substantial gains or losses over short periods known as volatility. However, understanding the causes of this volatility and its implications for investors is necessary for anyone involved in or considering the cryptocurrency market. This discussion will examine Bitcoin’s current state in 2024 and explore its implications for investors. The nature of Bitcoin (BTC) volatility Bitcoin’s volatility is a defining characteristic that differentiates it from traditional assets. Unlike stocks, bonds, or commodities, Bitcoin operates in a relatively nascent market with limited regulatory oversight and substantial speculative trading. Several…

To those watching crucial Shiba Inu (SHIB) performance trends, it will immediately become obvious that at least some tokens are always involved in key performance metrics. The twist is what is now obvious, as the burn rate has shown a neutral shift in the trailing 24-hour period. Shiba Inu burn rate milestone According to data from Shibburn, 0 Shiba Inu were burnt, implying an unusually bearish low for this metric. It remains uncertain how this happened, considering the extremely low price of SHIB, which could have encouraged some torching as is usually the case. With the 0 reading, the total…

X Empire, a popular tap-to-earn game which operates on popular messaging platform Telegram, goes live today, October 24, 2024, on Bybit, marking a significant milestone for itself. With an impressive user base of 1.2 million and the airdrop of the X tokens, the excitement is soaring high within the 50 million players. The X token will be available for trading on Bybit starting at 12 PM UTC, following its pre-market listing earlier this month. Bybit announced that it will launch X Empire ($X) spot trading on October 24, and said that the number of users of this airdrop is close…

Bitcoin remains a dominant player. Recent whale activity indicates that major investors are increasing their stake in the asset. Whales have been adding substantial amounts of Bitcoin even in the face of some withdrawals from institutional investors, indicating their strong belief in the long-term value of the cryptocurrency. Three large whales have amassed about 2,814 BTC, or roughly $157 million, from Binance since Sept. 1, according to on-chain data. At approximately $55,887 per Bitcoin the average accumulation price is found. Despite price fluctuations, the addresses involved in these transactions demonstrate massive whale interest in the asset. At $55,212, the price…

Litecoin’s circulating supply reaches 75 million, with only 9 million coins left to be mined. Whale activity and on-chain transactions for Litecoin show significant growth, reflecting increasing market interest. Litecoin’s circulation supply recently crossed a key milestone, reaching 75 million coins, leaving only about 9 million coins to mine before reaching its maximum supply cap of 84 million LTC. This development demonstrates how close Litecoin is to reaching its predetermined supply limit, cementing its standing as one of the market’s more established cryptocurrencies. This achievement comes at a time when the asset’s network activity and social presence are increasing significantly,…