Author: NBTC

Micropayments on the XRP Ledger (XRPL) have driven a substantial growth in transactions. The notable increase in transactions per second (TPS) on XRPL points to rising network activity. Recent data shows an 80% rise in transaction volume in merely one week, reflecting a surge in micropayment activities. Discover how micropayments are revolutionizing the XRP Ledger ecosystem, driving unprecedented growth in transaction volumes. Explosive Growth in XRP Ledger Transactions The XRP Ledger has seen a remarkable surge in transaction volumes, primarily driven by an increase in micropayments. This trend is bringing newfound attention to the potential applications of XRPL. The transaction…

On August 1, the Court of Appeal of Montenegro upheld a decision to extradite Do Kwon to South Korea, denying the U.S. its extradition request and reportedly making a ‘final’ decision. Kwon, a South Korean national, is implicated in a $40 billion crypto fraud linked to the collapse of the Terra cryptocurrencies. Kwon’s legal saga began with the crash of TerraUSD and Luna in May 2022, triggering significant investor losses. Timeline of Do Kwon’s arrest In March 2023, he was arrested in Montenegro while attempting to travel with forged documents. He received a four-month prison sentence, during which multiple extradition…

A closely followed on-chain analyst thinks a deeper drawdown could ultimately end up as the spark that ignites a Bitcoin (BTC) rally to fresh highs. In a new interview on the What Bitcoin Did podcast, pseudonymous analyst Checkmate says on-chain data suggests that BTC has seen a significant decline in sell-side pressure since April when people unloaded their holdings near all-time highs. But the analyst says Bitcoin is still having trouble sustaining its uptrend due to the absence of fresh demand. “The one that we saw in the ETF (exchange-traded fund) peak, about 30% of that was GBTC but not…

The DeFi scene is seeing new life as Aerodrome, Ether.fi, and zkSync Era lead the pack in getting new users. Token Terminals shared data showing Aerodrome had a big win. It gained over 150,000 new tokenholders in one week growing by 12.2%. Accumulation pattern? 👀✍️ pic.twitter.com/CSy8tSuy4Y — Token Terminal (@tokenterminal) July 31, 2024 This surge reflects a broader trend as innovative platforms reshape the crypto space, enticing users with unique offerings and robust investment opportunities. DeFi user Growth Among Major Protocols Aerodrome Finance has become a key player in the DeFi world since it started in 2023. People call it…

The price of Ethereum (ETH) has been falling as it faces rejection at the moving average lines. Long-term analysis of the Ethereum price: bearish On July 29, buyers tried to hold the price above the moving average lines but failed to do so. Ether is falling as it approaches the current support at $3,093. Currently, the altcoin has reached a low of $3,172. Should the bears breach the current support at $3,093, Ether would fall to its previous low of $2,850. However, if the current support at $3,093 holds, the largest altcoin will be forced to move in a rangebound…

According to data provided by CoinMarketCap, XRP is the most traded cryptocurrency on Upbit, the leading South Korean cryptocurrency exchange. The XRP/KRW pair generated $448.5 million in trading volume over the last 24 hours. Notably, the SHIB/KRW pair comes in a distant second place with $178.5 million worth of trading volume. Bitcoin, the leading cryptocurrency, is only in third place with $171.4 million. A major crypto hub South Korean traders are particularly keen on altcoins, with smaller tokens typically attracting substantial trading volumes on local exchanges. As reported by U.Today, the Korean won managed to surpass the U.S. dollar by…

A former chief executive of a crypto platform is trying to build a crypto following for Vice President Kamala Harris, hoping to raise money and secure industry endorsements for the Democratic presidential candidate. Former Uphold CEO J.P. Thieriot says he’s hoping to counter the digital assets sector’s recent enthusiasm for former President Donald Trump. The former CEO of crypto platform Uphold, J.P. Thieriot, is trying to drum up crypto support for Vice President Kamala Harris as she pursues the Democratic nomination in the presidential election, arguing that former President Donald Trump is offering empty promises to the industry and Harris…

After a price drop on June 24, the Bitcoin (BTC) price is consolidating above the psychological price threshold of $60,000. Long-term Bitcoin price forecast: bearish On June 24, the long candlestick tail indicates significant buying pressure at the lower price level. The largest cryptocurrency is consolidating in a limited price range between $60,000 and $63,000. Bulls and bears are vying for price control. Should the bears break the current support of $60,000, Bitcoin will fall to a low of $56,710. The bearish momentum will extend to the psychological price threshold of $50,000. On the upside, Bitcoin will resume its positive…

Ethereum (ETH) whales are making major moves on the crypto market, suggesting strong bullish sentiment despite short-term price volatility. According to crypto analyst Ali Martinez, these large investors have accumulated over 126,000 ETH in the last 48 hours, amounting to approximately $440 million. In a tweet, Ali wrote, “Ethereum whales have accumulated over 126,000 ETH in the last 48 hours, worth approximately $440 million.” Ethereum whales have accumulated over 126,000 $ETH in the last 48 hours, worth approximately $440 million! pic.twitter.com/hwHU0fAcdc — Ali (@ali_charts) July 31, 2024 According to CryptoQuant CEO Ki Young Ju, whales might be preparing for the…

While Donald Trump has already declared support for the crypto industry, Galaxy CEO Mike Novogratz said the former president’s opponent could soon do the same. Vice President Kamala Harris — set to be the Democratic nominee to challenge Trump in the November election — has not talked much about crypto to date. Harris’ campaign has not returned a number of Blockworks’ requests for comment about her stance on the issue. Trump, meanwhile, perhaps most notably spoke at Bitcoin 2024 last week. He stated he would, if elected, fire SEC Chair Gary Gensler and promised to “keep 100% of all bitcoin…