Author: NBTC

US crypto heavyweight Ripple may be forced to launch its own euro-pegged stablecoin alongside some of its competitors in the cross-border money transfer space. These suggestions were shared by XRP and Ripple community activist Crypto Eri (@sentosumosaba on X) with her 240,000 subscribers. New stablecoin design ideas must take into account some of the limitations provided by the MiCA regulations package. It not only limits the number of non-euro stablecoins to 1 million per day, but also introduces a capitalization of 200 million euros. Ripple’s potential USD-pegged stablecoin will soon reach these limits and will likely not be enough to…

Ripple CEO Brad Garlinghouse defends Kamala Harris amid crypto discourse. Garlinghouse advocates for an open-minded, policy-focused approach in crypto regulation debates. He believes that clarifying crypto regulations will bolster U.S. competitiveness and spark innovation. An insightful discussion on Ripple CEO Brad Garlinghouse’s defense of Kamala Harris amidst crypto criticisms, emphasizing the need for clear and supportive crypto regulations to elevate U.S. competitiveness. Ripple CEO Garlinghouse Calls for Clear Regulatory Stance Brad Garlinghouse, CEO of Ripple, has emphasized the necessity for a definitive stance on cryptocurrency regulation from Vice President Kamala Harris. His remarks come in the wake of the ongoing…

Crypto exchange BingX has unveiled a pre-market trading feature to provide users with early access to new digital assets. The innovation is set to offer enhanced price discovery and liquidity for these new tokens. Aimed at growing the platform’s user base, BingX anticipates attracting traders seeking early positions in emerging crypto assets. Stay ahead in the crypto market with BingX’s new pre-market trading feature, designed to grant early access, better price discovery, and enhanced liquidity. BingX Introduces Pre-Market Trading BingX has launched a new feature that enables its users to partake in pre-market trading for new crypto assets. This advancement…

While the Bitcoin market is in an interesting place, the selling pressure on the price continues to increase. While apathy and boredom prevail in the Bitcoin and cryptocurrency markets in general, the BTC price remains 18% below its ATH in March. Glassnode, an on-chain analysis firm that shares its weekly Bitcoin analysis, said investor sentiment may continue if BTC rises above $64,000. Analyzing the situation of new Bitcoin investors, Glassnode said that these investors suffered significant losses in their positions. At this point, Glassnode analysts, who also determined the basic price levels at which investors’ behavior may change, stated that…

Solana’s price surge past $185 led to $6.23M in liquidations, surprising traders. SOL’s rise is driven by adoption, market sentiment, and strategic partnerships. Short squeeze forced traders to close positions as SOL breached $185. In a dramatic turn of events, the cryptocurrency market witnessed significant liquidations as Solana (SOL) surged past the $185 mark. This milestone, achieved after a period of volatility, resulted in liquidations totaling $6.23 million. Traders and investors were caught off guard by the rapid price movement, leading to a flurry of activity in the market. 🚨 $SOL LIQUIDATIONS: $6.23 million liquidated in SHORTS as $SOL reclaimed…

Andreessen Horowitz (a16z) founders Ben Horowitz and Marc Andreessen recently discussed the various challenges the crypto industry has faced under the current administration, during which they also endorsed former President Donald Trump. The founders openly criticized the Biden-Harris Administration’s handling of the cryptocurrency industry, highlighting a series of regulatory challenges that they believe are stifling innovation and growth in the sector. During the podcast conversation, Horowitz and Andreessen detailed their frustrations with the Securities and Exchange Commission (SEC). They noted that the regulator has not provided clear guidance on which cryptocurrencies are considered securities and which are commodities. Gemini founder…

Bitcoin’s price on July 3, 2024, stands at $60,177, with a 24-hour intraday range from $59,712 to $62,974. The trading volume over the past 24 hours reached $24.36 billion, and the market capitalization is currently at $1.18 trillion. Analyzing various time frames and technical indicators reveals consistent bearish signals, suggesting caution for traders. Conversely, the decline completed a CME gap on the futures chart, suggesting a potential upward movement may be forthcoming. Bitcoin Bitcoin’s 1-hour chart highlights a downtrend from $63,211 to $59,544, demonstrating strong bearish pressure indicated by increased selling volume near the lows. Key support is noted at…

XRPH Wallet now integrates Prescription Savings Card for easier access and management of medications from U.S. pharmacies. XRP Healthcare is transforming healthcare in Uganda by opening pharmacies, medical facilities, and hospitals. XRP Healthcare’s XRPH Wallet has added a new feature that allow users to integrate their Prescription Savings Card. This idea tries to make prescription savings more accessible and manageable. Anyone in need of medication from pharmacies in the United States can download and use the XRPH Wallet for free. The XRPH Wallet integrates your Prescription Savings Card for easy access and management. It is free to download and use…

Surprisingly, former Governor of the Federal Reserve Bank of New York and Hatzius’s predecessor, Bill Dudley, changed his tune and began supporting immediate lower interest rates, rather than advocating higher interest rates for a longer period of time. Dudley expressed his change of heart by saying, “I’ve changed my mind… Waiting until September unnecessarily increases the risk of recession.” This change in stance is significant, considering that just two months ago Dudley argued that a much higher neutral rate might mean the 5.3% federal interest rate was not high enough to rein in growth. Dudley, who has long been in…

Spot Bitcoin (BTC) ETFs in the U.S. broke their five-day net inflow streak on July 2, witnessing $13.7 million in net outflows amid a predominantly bearish day for BTC. According to data provided by Farside Investors, these investment products recorded $13.7 million in negative net flows on July 2. This follows a positive start to the month, with $129.5 million in capital inflows on July 1, the highest in nearly a month. The recent bearish trend was significantly influenced by the disappointing performance of the Grayscale Bitcoin Trust (GBTC). This product alone experienced $32.4 million in net outflows yesterday, its…