Author: NBTC

Leading crypto tracker Whale Alert has indexed a fresh transaction featuring the movement of a substantial amount of XRP from a Ripple wallet. Data from Whale Alert shows that Ripple transferred 100M XRP, worth $52.81M, to an unknown wallet. Notably, the transaction occurred yesterday at exactly 16:07 (UTC). 🚨 🚨 🚨 100,000,000 #XRP (52,815,512 USD) transferred from #Ripple to unknown wallethttps://t.co/CmwVPaSKWG — Whale Alert (@whale_alert) April 24, 2024 Funds Shuffle Between Ripple Wallets Although Whale Alert did not disclose the identity of the receiver, on-chain scrutiny carried out by The Crypto Basic suggests that Ripple also owns the recipient wallet.…

Litentry, which is itself a TEE-based privacy-preserving identity oracle, has partnered with zkPass, a company specializing in decentralized identity. This integration seeks to transform secure data sharing through conformity using zkPass’s new zkTLS oracle protocol alongside Litentry’s capabilities. 🌐 We’re excited to announce our partnership with @zkPass , leading the way in decentralized identity!​Integrating zkPass’s 3P-TLS and Hybrid ZK technologies with Litentry’s expertise sets new standards for secure, verifiable data sharing.​@zkPass offers innovative solutions… pic.twitter.com/9GXUFv2p3O — Litentry (@litentry) June 1, 2024 zkPass Introduces Innovative Solutions for Secure Data Sharing This partnership shows a progress in improving security and privacy in…

This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode. Bitcoin Spot Volume: Now Versus 2021 Examining Bitcoin trading activity, spot volumes peaked at $14.1 billion in March, similar to levels seen at “the height of the 2020-2021 bull market,” wrote the firm in a Tuesday report. Those volumes have since cooled to about $7 billion per day in April. Similarities to the 2021 bull run are also visible when applying a fast/slow momentum indicator to spot volume. As of…

The Spanish central bank has launched a third trial for its wholesale central bank digital currency (CBDC), focusing on a natively digital bond. Banco de España is partnering with Minsait, an IT and consulting firm owned by Indra Sistemas, one of Spain’s largest tech firms. The trial will explore how a wholesale CBDC can introduce efficiency and save costs in the bond market. The two will use a CBDC to settle the issuance of a natively digital bond and other secondary transactions. They will also explore the use of digital currency in other related events, such as bond redemption and…

Baby DogeCoin (BABYDOGE), one of the top dog-themed meme coins that thrived from Elon Musk’s tweet, rallied over 15 percent in the past 24 hours despite the general crypto bearish sentiment. With a fully diluted valuation of about $882 million, the small-cap meme coin saw its daily average traded volume triple to around $17 million. What Influenced Baby Doge Coin Spike The sudden spike in Baby DogeCoin was largely influenced by the overwhelming support of the new DAO proposal for 0 percent fees to transfer, buy, and sell on the BNB Chain. Remarkably, the DAO proposal received over 98.89 percent…

Coral Finance, a staking protocol dealing with Bitcoin L2, has commenced a unique collaboration. As per the platform, it has recently joined forces with UniPort Network, an interoperability protocol concerning the assets in the Bitcoin ecosystem. The company disclosed the respective partnership on its official account on the social media forum X. We are thrilled to partner with @Uniport_Network, an Omni-Chain Interoperability Protocol for #Bitcoin ecosystem assets.@Coral_Finance is a staking protocol that allows users to stake non-BTC assets and earn leveraged yield.Follow the updates on the partnership🤝.… pic.twitter.com/0MXr1kmHpO — Coral Finance | Coralantis🪸 (@Coral_Finance) June 1, 2024 Coral Finance and…

As the cryptocurrency industry anticipates the next halving, market analysts and investors keenly observe the potential impacts on Bitcoin’s price. The halving, a programmed reduction in the rewards miners receive, is expected to occur on April 20. It will cut the reward from 6.25 BTC to 3.125 BTC. Therefore, this event will effectively decrease Bitcoin’s inflation rate from 1.7% to 0.85% annually. Bitcoin Remains Bullish Before the Halving Historically, Bitcoin halvings have been associated with volatility in the short term but bullish trends in the long term. Vincent Maliepaard, Marketing Director at IntoTheBlock, told BeInCrypto that the 2016 and 2020…

New York FED President John Williams expressed his views on the current economic situation in a recent statement. He acknowledged that inflation is still very high, but said he thinks it will start to slow down later this year. Williams noted that there is ample evidence that monetary policy is restrictive and there has been no recent progress in reducing inflation. However, he noted that the Fed will continue to monitor all data to make informed decisions regarding monetary policy. He noted that monetary policy remains restrictive on economic activity. Even so, he believes the risks to the Fed’s ability…

Ondo Finance integrates real assets and blockchain, offering inclusive financial solutions. MANTRA prioritizes security, compliance, and innovation, backed by significant funding. Pendle pioneers yield trading with impressive milestones, attracting DeFi enthusiasts. In the dynamic realm of digital finance, the landscape of crypto assets expands beyond the traditional giants like Bitcoin and Ethereum. Real world assets (RWA), tethered to tangible assets, emerge as a beacon of stability in the volatile crypto market. Here, we unveil the top 5 real world crypto assets based on their robust market capitalization. 1. Ondo (ONDO) – Market Cap: $1.2 Billion Ondo Finance pioneers the fusion…

Bitcoin price found support near $67,500. BTC started a fresh increase and might soon revisit the $72,500 resistance zone in the near term. Bitcoin retested the $67,500 support zone before it started a fresh increase. The price is trading above $70,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $69,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $71,400 resistance zone. Bitcoin Price Holds Support Bitcoin price saw another decline below the $70,000 zone.…