Author: NBTC

Ripple’s Chief Technology Officer (CTO), David Schwartz, addresses a persistent misconception within the crypto community regarding the company’s potential move away from its affiliated token, XRP. This speculation has been making rounds in the XRP community in recent times. However, the rumor about Ripple abandoning XRP gained steam after an X user, Aspen Signals, called attention to a quote on Schwartz’s cover photo on the social media platform. The quote sheds light on a scrappy financial startup’s struggle against betrayal and corruption as they endeavor to roll out instant payments to the public. Since the move to challenge the status…

Crypto entities may have misinterpreted MiCa’s deadline to make sustainability disclosures, despite a clarification, according to Crypto Risk Metrics. Crypto’s environmental impact, particularly through mining operations, has been a major concern surrounding the industry. Several crypto asset service providers (CASPS) in the European Union (EU) may not know the correct deadline to make sustainability disclosures reflecting their environmental footprint despite a clarification made by the bloc’s securities regulator, the European Securities and Markets Authority (ESMA). In general “we have the feeling that more than 80% of crypto asset service providers are not yet aware they need to report ESG-data (environmental,…

B3, the Brazilian stock exchange, is considering extending its native cryptocurrency trading options to offer ether futures contracts to its customers. The exchange, which has been a pioneer in Latam offering crypto-related trading products, would be focusing on institutional investors who want to diversify their traditional or crypto portfolios with more options. Brazilian Stock Exchange B3 Considers Launching Ether Futures and Bitcoin Options Brazilian investors and institutions are also looking for crypto-linked products to invest in. B3, the Brazilian stock exchange, is studying the possibility of extending its native cryptocurrency-linked portfolio options for institutional investors. According to local media, B3’s…

Bitcoin (BTC) experienced a dramatic market shift as its total liquidations surged to $97.06 million, driven by $10.98 million in long positions and a staggering $85.08 million in short positions being wiped out. The sudden price increase caused over $260 million in market-wide short liquidations on May 20, the largest since February 28th. Ethereum (ETH) shorts lost over $115 million, followed by Bitcoin shorts at just over $97 million, according to data from Coinglass. This upheaval occurred as Bitcoin’s price surged around 5% in the past 24 hours, reaching $71,078.15. The cryptocurrency’s 24-hour trading volume also skyrocketed by 138%, valued…

Florida Republican Matt Gaetz introduced a bill on Tuesday to allow federal income taxes to be paid using Bitcoin (BTC). The proposed legislation requires the U.S. Secretary of the Treasury to establish a program facilitating tax payments in BTC. As of now, only Colorado permits the use of cryptocurrency for paying taxes. The announcement did not pass by the crypto community unnoticed. Billy Markus, co-creator of Dogecoin and known as Shibetoshi Nakamoto, expressed his support for the idea, stating a preference for paying taxes with Ethereum (ETH) instead of converting it to cash. This viewpoint highlights a roiling demand to…

JASMY takes rank 51 in CoinMarketCap’s rankings for largest market cap. The altcoins climbed the ranks as other altcoins faced a hard price dip. JASMY is now one step away from claiming the top 50 coins rank in the world. As the crypto market experienced a sudden and unexpected dip in many altcoins over the last 24 hours, one altcoin stays strong. JasmyCoin’s JASMY not only remained in a bullish state, but it claimed rank 51 on CoinMarketCap based on the largest market cap list. Unfortunate red falling price marks take over the crypto price boards for a massive number…

XRP advocate John Deaton has once again voiced his criticism against the U.S. Securities and Exchange Commission and its chairman Gary Gensler, accusing them of harming a large number of small cryptocurrency investors, including those that bet their money on XRP. He also reminded the XRP community about Gensler’s additional important mishap that made waves among the army of crypto fans. It is worth noting that Deaton is a candidate for U.S. Senate in Massachusetts. Deaton’s critique against SEC and Gensler John Deaton wrote that he has “100% conviction” that Gary Gensler and the SEC have brought more harm to…

European Binance users logging into their mobile app on Wednesday were greeted with an unsettling message indicating that certain services were no longer available in their region. This sudden change comes as new cryptocurrency regulations on the Old Continent officially take effect at the end of June. Binance, acting proactively, has already blocked access to some services, including copy trading, starting from June 26. Binance Users in Europe Face Significant Restrictions A year ago, the European Union introduced the Markets in Crypto-assets (MiCA) regulation package, governing the digital assets industry across Europe and within the European Economic Area (EEA). The…

A notable Bitcoin (BTC) transfer valued at $231.45 million has recently attracted attention. Thus, Whale Alert reported that an entity identified by the address “bc1qc” executed the transaction, transferring 3,250 BTC to Kraken, a major cryptocurrency exchange in the United States. The history of the sender’s address, “bc1qc,” reveals limited information. Its initial transaction occurred in March 2024, receiving 0.002 BTC from another unidentified and now empty wallet. A closer examination of the transaction chain shows a series of exchanges between various unknown addresses over several months. This recent transaction represents a significant but not overwhelming portion of the wallet’s…

The U.S. government published an up-to-$5 million reward for information on OneCoin’s Ruja Ignatova. Ignatova disappeared in Athens in 2017 after her Ponzi scheme fell apart. The U.S. State Department is offering a $5 million bounty for information leading to the arrest or conviction of OneCoin founder Ruja Ignatova, the self-styled “Cryptoqueen,” who vanished in Athens in 2017. The new reward, announced Wednesday, is offered under the State Department’s Transnational Organized Crime Rewards Program, and boosts the previous reward of $250,000 offered by the Federal Bureau of Investigation (FBI). Ignatova was added to the FBI’s Most Wanted list in 2022.…