Author: NBTC

Legal expert Bill Morgan recently shared insights on the SEC vs. Ripple appeal on X, addressing growing concerns among XRP holders. Morgan’s analysis suggested that while certain legal observations, like obiter dictum (comments not central to the ruling), might come up during the appeal, XRP’s core status as a non-security remains largely unchallenged. With just 28 days remaining for a re-appeal window to close, both sides are now eyeing their next move in what could be a game-changing showdown! SEC Unlikely to Tackle XRP’s Security Status Don’t want to be accused of FUD with respect to XRP but obiter is…

Bitcoin price started a recovery wave above the $55,000 resistance. BTC must clear the 100 hourly SMA to continue higher in the near term. Bitcoin started a recovery wave above the $53,500 and $55,500 levels. The price is trading below $58,000 and the 100 hourly Simple moving average. There is a contracting triangle forming with resistance at $57,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to clear the $58,000 resistance zone. Bitcoin Price Gains Over 85 Bitcoin price formed a base and started a recovery wave above the $52,500 resistance zone.…

Ethereum ETFs may be underperforming due to historical market decline in Q3. Rising Ethereum exchange reserve could cause selling pressure. Ethereum’s open interest needs to grow to fuel a potential rally. Ethereum (ETH) is up 1% on Tuesday as ETH exchange-traded funds (ETF) continue underperforming with another day of outflows. The weak flows in ETH ETFs may be due to their historically weak Q3 performance. Meanwhile, the ETH exchange reserve has also been rising following its slow price growth. Daily digest market movers: Why Ethereum ETFs are underperforming, rising exchange reserve Ethereum ETFs extended their streak of negative flows to…

Asteroneo has introduced an Airdrop Points System designed to reward early users as the platform continues to develop on the Neo X chain. This initiative offers participants opportunities to earn points that will later convert into allocations of the ASTR token once it is officially released. The program is scheduled to launch on Aug. 23, and is structured across three seasons, each with unique activities and point multipliers aimed at driving engagement. Airdrop Points System Participants of the Airdrop Points System will be allocated 15% of the total ASTR supply, to be distributed across three seasons. Users can earn points…

Kamala Harris released a new policy statement this morning with one glaring omission: crypto. Political observers immediately noticed that despite widespread rumors of Harris adopting a pro-crypto platform three weeks ago, her official website now confirms nothing of the sort. Archive.org confirms the publication of her new webpage within the past 24 hours. That URL has been offline since July; it last referenced Joe Biden’s policy statements. According to Harris’ own list of campaign promises, she has no particular position on the crypto industry. This matches Protos’ August 22 fact-check, noting that claims about Harris’ crypto policies emanated from a…

BOJ’s Uchida downplayed rate hike concerns amid market volatility. The anti-risk yen slides while BTC and stock futures rise after Uchida’s comments. The renewed risk-on hints at a possible bitcoin death cross bear trap. It appears bitcoin’s (BTC) impending death cross, a bearish technical pattern, will again live up to its reputation as a contrary indicator, presaging renewed bullish price action as it did in September 2023. That’s because early on Wednesday, the influential governor of the Bank of Japan (BOJ), Shinichi Uchida, said that the central bank wouldn’t hike borrowing costs when markets are unstable, weakening the case for…

Because based rollups change Ethereum’s incentive structure, they could significantly increase demand for ETH and change the way the platform is monetized. These rollups give new revenue streams and boost staking value by integrating directly with Ethereum validators. On the Ethereum network, validators currently receive a yield of about 3%. However, validators could earn a lot more money once based rollups are implemented. On top of the money they already make from network inflation, validators who choose to process and validate rollups will receive extra rewards. This could lead to yields that are significantly higher than 3% estimates, indicating that…

Phoenix, a well-known crypto analytics firm, has recently shared the list of top Cosmos-based projects in terms of the cumulative value of staked coins. The list of Phoenix takes into account several names including $TIA, $SEI, $INJ, $ATOM, $SAGA, $DYM, $CRO, $AXL, $FET, and $ZETA. The analytics firm disclosed the details of the respective projects on its official social media account. TOP #COSMOS PROJECTS BY TOTAL VALUE OF STAKED TOKENS$TIA $SEI $INJ $ATOM $SAGA $DYM $CRO $AXL $FET $ZETA $AKT $DYDX $OSMO $LUNA $BAND pic.twitter.com/3CNjKWGSm9 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 24, 2024 $TIA Leads the Cosmos…

Montenegro’s prime minister lied to the country’s president when he reportedly told him that he didn’t know who Do Kwon was on the day of his arrest, despite striking up a deal for 750,000 Terra/Luna tokens and allegedly meeting Do Kwon several times. That’s according to the president of Montenegro, Jakov Milatović, who reportedly asked prime minister Milojko Spajić if he knew who Do Kwon was during a Europe Now! (PES) political party meeting on the day of Do’s arrest. Translated from Montenegrin, the president said on Aplus television, “I asked him if he knew Do Kwon. He told me…

According to data provided by cryptocurrency analytics platform Lookonchain, a miner waller has been activated for the first time in 11 years in order to transfer $13.95 million worth of Bitcoin. The miner earned 250 BTC from mining all the way back in 2010. Back then, it was possible for users to mine Bitcoin with ordinary CPUs. In fact, mining was the primary way of obtaining the cryptocurrency. Bitcoin Market, the very Bitcoin cryptocurrency exchange, was launched only in February 2010. The first Bitcoin block was mined with the help of a GPU back in July 2010. Mining was as…