Author: NBTC

XRP whales have been on an aggressive buying spree, snapping up over 140 million XRP in the past week. According to crypto analyst Ali, over 140 million XRP were bought by XRP whales in the past week. This massive acquisition, valued at approximately $84 million, signals bullish sentiment among XRP large holders, or whales. In the last week, whales bought over 140 million $XRP, valued at approximately $84 million! pic.twitter.com/s22yK8wlZS — Ali (@ali_charts) July 23, 2024 XRP has been on a positive trend since July 5, increasing about 40% in the last week to reach highs of $0.637. This uptick…

Fintech giant Revolut has finally obtained its long-awaited UK banking license, marking a significant turning point for the London-based company after a protracted three-year application process. The Prudential Regulation Authority (PRA) granted the license with restrictions, a common practice for new entrants to the UK banking sector. This status allows Revolut to build out its banking operations before a full-scale launch gradually. “We are incredibly proud to reach this important milestone in the journey of the company,” commented Revolut’s CEO and Co-Founder, Nik Storonsky. “We will ensure we deliver on making Revolut the bank of choice for UK customers.” The…

Hemi Labs, the new project from Bitcoin pioneer Jeff Garzik, and Maxwell Sanchez, co-founder of VeriBlock, announced the launch of Hemi Labs and its new project, Hemi Network, during the first day of Bitcoin Nashville. The testnet for the Hemi Network going live on Wednesday, the company said. According to Hemi Labs, the Hemi Network is a modular layer-2 blockchain network built for superior scaling, security, and interoperability between Bitcoin and Ethereum. The Hemi Network uses a “Proof-of-Proof” (PoP) consensus, Hemi Labs explained, which enhances security on the Bitcoin blockchain and advanced interoperability between it and the Ethereum network. “PoP…

Rumors that the widely anticipated Grand Theft Auto 6 will utilize cryptocurrency have been circulating for more than a year now—and they’re swirling again. On Wednesday, a pseudonymous Crypto Twitter influencer called Gordon—apparently named after Gordon Gekko from the iconic 1987 film “Wall Street”—shared to his nearly 500,000 followers that “GTA 6 will enable cryptocurrency payments,” and that “so far only Bitcoin, Ethereum, and USDT [are] confirmed.” But in reality, no cryptocurrencies have been confirmed for Grand Theft Auto 6, despite the ongoing chatter around the rumors. Rockstar Games and parent company Take-Two made no such announcements this week on…

Ethereum price is still struggling to clear the $3,500 resistance zone. ETH is now consolidating and might make another attempt to clear $3,550. Ethereum is consolidating below the $3,550 resistance zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $3,500 resistance zone. Ethereum Price Holds Gains Above $3,450 Ethereum price remained in a bullish zone above the $3,420 resistance zone.…

A new report from Cebr and BVNK, marking the 10th anniversary of the first stablecoin, reveals that stablecoins could unlock $11.6 billion of trapped business capital currently held in sluggish payment systems. —As the stablecoin market cap reaches $160 billion, the analysis underscores the potential of stablecoins to revolutionize financial transactions, enhance economic efficiency, and mitigate currency volatility.“Stablecoins are revolutionizing global payments by providing instantaneous transactions and addressing inefficiencies in traditional systemsBen Reynolds,” noted MD of BVNK US. “They offer a powerful alternative that enhances capital efficiency and liquidity for businesses.”Key FindingsMitigating Currency Volatility: Stablecoins, primarily pegged to the US…

THORChain (RUNE) has experienced a significant resurgence, with its price climbing 16.4% over the past week, reaching $4.71. This upward trend follows a low of $3.11, highlighting a notable recovery. Why is RUNE price rising? The cryptocurrency market, buoyed by Bitcoin’s (BTC) recent surge above $68,000 and the anticipated launch of Ethereum ETFs trading on July 26, has fostered a positive environment for altcoins like RUNE. This optimism has been further reflected in THORChain’s performance, with the cryptocurrency’s market capitalization at $1.57 billion and a 24-hour trading volume of over $227 million. Analysts have set ambitious targets for RUNE, forecasting…

Astar Network has announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) into its smart contract platform on Polkadot. This integration marks a significant advancement in Astar’s commitment to enhancing the infrastructure available to Web3 developers. By adopting CCIP, Astar Network aims to enable developers across the multi-chain ecosystem to build secure and sophisticated decentralized applications (dApps) with enhanced cross-chain capabilities. .@AstarNetwork is integrating #Chainlink CCIP to unlock secure cross-chain development on its EVM-supported smart contract platform on @Polkadot.How CCIP will enable Astar Network devs to build highly reliable cross-chain dApps ⬇️https://t.co/QN7lwmoJ5C pic.twitter.com/5ZLb09RLZ8 — Chainlink (@chainlink) July 24, 2024 Chainlink…

IntoTheBlock‘s recent data publication sheds light on the activities of Bitcoin’s large holders, unveiling patterns that could indicate the cryptocurrency’s short-term economic behaviors. According to the analysis, there has been a notable net inflow of Bitcoin into wallets holding a significant portion of the supply. Over the last 30 days, these whales have accumulated over 55,000 BTC, a movement that synchronizes with Bitcoin’s price adjustments and offers a glimpse into the potential strategies of big players in the market. This accumulation notably peaked during Bitcoin’s recent price dip to around $60,000. This behavior suggests that these substantial holders see value…

Tuesday will be a big day for the crypto industry as the Securities and Exchange Commission (SEC) has finally approved spot Ethereum ETFs. These funds are expected to start trading, a move that could see substantial sums of money flowing to Ethereum. The ETFs that will go live are the Grayscale Ethereum Mini Trust (ETH), Franklin Ethereum ETF (EZET), VanEck Ethereum ETF (ETHV), Bitwise Ethereum ETF (ETHW, and 21Shares Core Ethereum ETF (CETH). The other spot Ethereum ETFs are the Fidelity (FETH), Blackrock (ETHA), and Grayscale Ethereum Trust (ETHE). ETHE will be a conversion from the current format of a…