Author: NBTC

XRP has risen by over 23% in the last two weeks following the announcement from the CME and CTF that they will be providing reference rates for the cryptocurrency. It has also sparked speculations about an XRP ETF. XRP is currently enjoying decent gains after an announcement by the Chicago Mercantile Exchange (CME) Group, declaring its decision to offer real-time indices and USD reference rates for both Ripple (XRP) and Internet Computer (ICP). CF Benchmarks will publish these indices daily starting on the 29th of July 2024. CME already has an impressive collection of Cryptocurrency benchmarks, and soon enough, XRP…

Renowned crypto lawyer Bill Morgan has highlighted the SEC’s limitations in pursuing regulatory enforcement. In a recent post on X, Morgan noted that the agency’s budget is less than its chairperson’s request. Yet, it has to spend such resources on discovering documents requested by Coinbase and Ripple instead of opting for a settlement. It must suck as a regulator when your budget is less than the chairperson requests and companies like @Coinbase and @ripple make you expend such resources 👇 in discovery of documents instead of being cowed into a settlement. If only there was more clarity and such enforcement……

In the past seven days, more than $2.5 billion in cryptocurrency positions have been liquidated, with long positions making up the vast majority. According to CoinGlass, the top seven crypto exchanges by liquidations of longs and shorts during this period show significant activity. Top Exchanges by Liquidations in last 7 days – over $2.5B liquidated in totalThe vast majority of the casualties were long positions last days, with more than $2.5B liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week,… pic.twitter.com/wydTLQOMGU — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) August…

Core Scientific’s shares surged as much as 17% on a new deal with CoreWeave. The miner now expects to generate a total of $6.7 billion in revenue over the life of the contract, starting in the first half of 2026. The shares of bitcoin miner Core Scientific (CORZ) surged as much as 17% on Tuesday, outperforming other crypto-linked stocks, after the company signed an extension of its earlier high-performance computing (HPC) contract with CoreWeave. The miner said in a statement that it has exercised its option from a previous contract to host about 112 megawatt (MW) of additional GPUs for…

Nu Holdings, known as Nubank, Latin America’s largest fintech bank, has partnered with Lightspark to integrate the Bitcoin Lightning Network and UMA (Universal Money Addresses) into its platform. This collaboration aims to enhance Nubank’s services by enabling near real-time, low-cost Bitcoin and fiat transactions, according to a press release sent to Bitcoin Magazine. I’m thrilled that @nubank has selected @Lightspark to bring the Bitcoin Lightning Network and UMA (Universal Money Addresses) via the @umastandard to its platform and customers. Now working with the Nubank team on the integration. Vamos! https://t.co/yDYJpNXlKR ⚡ pic.twitter.com/HYuuImG08u — David Marcus (@davidmarcus) June 25, 2024 “We’re…

The price of Ethereum (ETH) has fallen below the moving average lines as buyers have failed to sustain positive momentum above the moving average lines or the $3,600 resistance level. Long-term analysis of the Ethereum price: bearish The largest altcoin is falling drastically below the moving average lines. The altcoin fell to $2,116 before recovering. In the last 24 hours, the altcoin has been hovering above the $2,400 support level. It is correcting upwards, but the move could be rejected at its recent peak. According to price indicators, Ether is likely to fall further. After the price drop on July…

In a recent interview with Bloomberg TV, Fed member Austan Goolsbee reiterated that a measured approach to economic data is important and said the central bank is committed to its dual mandate of promoting maximum employment and stable prices. “I have been saying for a long time that we do not want to overreact to one-month data,” said Goolsbee, adding that monetary policy should be stable. Stating that the role of the central bank is to “act in a stable manner”, Goolsbee suggested that sudden or harsh measures could destabilize the economy. Goolsbee also pointed out the risks of continuing…

The cryptocurrency market is talking about the recent movements of a giant whale. According to Onchain data, a huge cryptocurrency whale known as capybara_bnb withdrew 397,612 BNB from the staking protocol on BNB Chain and then added 602,200 BNB worth $338 million in total to the Binance deposit address by adding other BNB assets in the cryptocurrency wallet. After the transfer, only 57.6 BNB remained in the famous wallet of the giant cryptocurrency whale in question. It is not known whether the transfer in question was made for the purpose of a sale or whether the whale was interestingly preparing…

Vice President Kamala Harris, the Democratic nominee for U.S. President, has chosen Minnesota Governor Tim Walz as her running mate for the 2024 presidential election, reports say. Walz has been the governor of Minnesota for five years, after previously serving in the U.S. House of Representatives. Prior to that, he was a schoolteacher and a non-commissioned officer in the Army National Guard. He does not appear to have made any public statements about cryptocurrencies during his tenure, though he did receive (and later return) a $4,000 donation from former FTX engineering director Nishad Singh in the 2022 election cycle. He…

Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter showcases an innovative approach to enhancing energy efficiency within the industry. GDA and Muttern Fastigheter Collaborate on Sustainable Heating Solution in Sweden GDA, which operates 20 data centers with 600 megawatts (MW) of hashpower and over 180,000 mining rigs, has partnered with Muttern Fastigheter to launch a heating initiative. This project redirects waste heat from GDA’s data center operations to provide 90,000 cubic…