Author: NBTC

Leading crypto asset manager Grayscale Investments spotlights the remarkable performance of Shiba Inu (SHIB) and XRP (XRP) over the past week. XRP and Shiba Inu were the two best-performing cryptocurrencies on Grayscale’s weekly snapshot, which highlights the top 10 cryptocurrencies based on their returns in the past week between July 7 and July 17, 2024. 📸 Grayscale Crypto Snapshot – Assets Our weekly snapshot of the top 10 #crypto assets by 1 week returns. –$XRP $SHIB $DOGE $ADA $BTC $SOL $ETH $BNB $TRX $TON pic.twitter.com/lWOM7gWbFX — Grayscale (@Grayscale) July 18, 2024 XRP Ranks as Best-Performing Crypto XRP topped the ranking…

The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts comprising $49.85 million. $49M in Bitcoin Short Liquidations as Resistance Hits Bitcoin’s value against the dollar has climbed over the last day. By 2 p.m. EDT on Monday, BTC surged to $63,794 before encountering resistance. Across the entire crypto market, $72.56 billion has been traded, marking a 54.07% increase…

Law professor and filmmaker Brian Frye and songwriter Jonathon Mann have filed a lawsuit against the U.S. Securities and Exchange Commission. The lawyers argue that the SEC’s approach to regulation threatens the livelihoods of artists and creators experimenting with NFTs. Proud to represent my client and friend Jonathan Mann @songadaymann in his brave and unfortunately necessary lawsuit against the SEC.Art is not a security, and musicians working in a digital medium should not have to hire expensive securities lawyers just to release music. https://t.co/FBYL9FZZfG — Jason Gottlieb (@ohaiom) July 29, 2024 Table of Contents What the lawsuit says The SEC’s…

Despite a recent drop in Ethereum ($ETH) prices, large holders have accumulated 112.9k ETH, valued at nearly $390 million. This substantial accumulation underscores investor confidence in Ethereum’s long-term potential. Despite a drop in $ETH prices yesterday, large holders accumulated 112.9k ETH, valued at nearly $390 million. This accumulation notably surpasses the $106 million net inflows to the ETF. pic.twitter.com/b22FMWogHa — IntoTheBlock (@intotheblock) July 24, 2024 The accumulation notably surpasses the $106 million net inflows to the Ethereum ETFs, highlighting a significant difference in the scale of investment activities. This suggests that large holders are taking advantage of the price dip…

Republican presidential candidate Donald Trump recently announced plans to create a Bitcoin (BTC) strategic reserve, a potentially monumental factor in the financial markets. Trump stated that if elected, he would ensure the United States maintains all Bitcoin it currently holds or acquires in the future as a strategic asset. This potential policy shift could significantly impact various sectors, especially those closely linked to Bitcoin and blockchain technology. Here are three stocks that stand to benefit if the US moves forward with this plan. Coinbase Global (NASDAQ: COIN) As one of the largest cryptocurrency exchanges in the world, Coinbase (NASDAQ: COIN)…

Ripple chief technology officer (CTO) David Schwartz has published a post on the X platform to comment on the announcement recently made by Ripple President Monica Long in the company’s blog, which was then shared by Ripple on X. Schwartz explained that Ripple is now pulling focus on integrating the technical and financial features of the XRP Ledger in its own business. This is being done, per the Ripple CTO, to allow its clients to enjoy the benefits of DeFi in a secure and compliant manner around the world. The Ripple post speaks about the company aiming to become “the…

Several Democrats want their party to match the pro-crypto stance already occupied by their Republican rivals by adding new language to the party platform. The letter calls for the replacement of Securities and Exchange Commission Chair Gary Gensler with a “pro-innovation” agency head. More than a dozen Democrats in the U.S. House of Representatives and a long list of candidates for congressional seats are pushing their national committee to adopt a pro-crypto stance, according to a letter they sent on Saturday. Lawmakers including Rep. Josh Gottheimer (D-N.J.), Ro Khanna (D-Calif.), Wiley Nickel (D-N.C.), Ritchie Torres (D-N.Y.) and others signed the…

Bitcoin is trending higher at spot rates, breaching $63,000 on June 30 before recoiling. Even though momentum is building, the action of the coin’s price is a source of debate. Still, some are doubtful, thinking there is reason for a possible overvaluation. Analyst: Bitcoin Is Overvalued, Here’s Why In a post on X, one analyst argues that the coin may likely cool off, extending the 18% drop registered in June. To conclude this, the analyst said the preview factored in several parameters, including time, the number of active Bitcoin addresses, and hash rate. Through this model, the analyst said there…

According to blockchain tracking firm Lookonchain, an Ethereum investor recently deposited 10,000 Ethereum (ETH) tokens to the Kraken exchange. The whale withdrew a whopping 96,639 ETH from the Coinbase exchange in early September when Ethereum was in a bear market. Back then, the second-largest cryptocurrency was trading at the $1,500 level. The whale has deposited 40,000 ETH tokens to Kraken since early March, securing a massive profit of $178 million. According to CoinGecko, the ETH price is currently sitting at $3,397 after dipping 2.3% over the past 24 hours. The cryptocurrency is under selling pressure despite the successful launch of…

As the Federal Reserve and Bank of Japan (BOJ) weigh key monetary policy, Bitcoin and other crypto investors are eager to learn how the central banks’ respective moves could influence markets Wednesday. The BOJ will outline plans for a rate hike’s timing that could strengthen the Japanese yen’s value, in combination with details of a decrease in the purchasing of Japanese bonds. The decision comes after the central bank raised interest rates in March for the first time in 17 years. Whether or not the BOJ raises interest rates again is currently a coin flip, with the market pricing in…