Author: NBTC

What is XRPL? XRPL is a decentralized public Blockchain enabling quick transfers of XRP, fiat currencies, and digital assets, open to all for development. Jed McCaleb, along with Arthur Britto and David Schwartz, established Ripple Labs in 2012 with the vision of creating the XRP Ledger (XRPL). This initiative aimed to develop a robust ledger technology capable of supporting not only the native digital asset, XRP, but also serving as a global payment infrastructure. Ripple Labs aimed to tackle the inefficiencies and delays inherent in traditional financial systems by introducing a decentralized ledger capable of settling transactions in seconds. This…

If you’re looking to bank a little bit of Bitcoin while playing fun mobile games, there are loads of free play-to-earn iOS and Android games that pay satoshis (1/100,000,000 BTC) while you play and view ads. Not all of them are worth the hassle, but we’ve recommended some that we like. One of them is SpaceY, an amusing asteroid-mining game from Fumb Games that pays out Bitcoin as you skip across the galaxy to harvest resources. It’s simple and straightforward, but there’s a bit of strategy in the mix—ways to boost your earnings by taking advantage of every opportunity that…

Cryptocurrencies gave up their weekend gains, with the broad-market CoinDesk Market Index declining 3% over the past 24 hours. The first batch of Hong Kong-listed spot bitcoin and ether ETFs will start trading on Tuesday morning. ChinaAMC’s head of digital asset management said the offerings will be beneficial for crypto prices improving liquidity and expand participation. Crypto markets were lower across the board, with bitcoin (BTC) wavering near $63,000 as the upcoming Hong Kong crypto spot exchange-traded fund (ETF) debut has failed to spark excitement among investors. BTC drifted lower during the day from $64,000 over the weekend, slipping briefly…

The second-largest crypto token by market cap, Ethereum (ETH), finally showed some form of life as it rose to $3,300 over the weekend. This move is believed to be the beginning of a trend reversal for the crypto token, which has several bullish signals on its chart. Ethereum Has A Bullish Chart Crypto analyst Derek revealed in an X (formerly Twitter) post that the signals on Ethereum’s Moving Average Convergence/Divergence (MACD) indicator “seem to have ended the decline and changed upward direction.” He also highlighted the Ethereum Dominance chart, which has confirmed three bottoms and gave a strong rebound. Related…

American billionaire crypto investor Michael Novogratz has wittily expressed regrets for not holding the fastest-growing Solana meme coin, Dogwifhat (WIF). Novogratz made the remark at a recent conference in Manhattan as captured in a recent report by Bloomberg. The conference was about Bitcoin’s surge into mainstream investing. However, during the summit, attendees were captivated not by the behemoth cryptocurrency but by the newcomer WIF, distinguished by its logo of a dog donning a cozy knit hat. Amid discussions led by industry luminaries and top executives from financial giants like BlackRock, Novogratz, the CEO of Galaxy Digital, playfully expressed remorse over…

Riot Platforms Inc is in the green at writing after reporting a surprise profit for its first financial quarter. Revenue printed at $79.3 million in Q1 – versus $95.5 million that experts had forecast, as per the press release the bitcoin miner posted on Wednesday. On the plus side, however, analysts had called for a 21 cents loss on a per-share basis while Riot Platforms came in at a record 82 cents per share of earnings. According to Jason Les – its chief executive: [Riot] achieved a number of significant milestones [in Q1] which further solidify our growth path. Riot…

Crypto analyst DonAlt has outlined a scenario where the Bitcoin price could drop to as low as the mid-$40,000. He further suggests that this price breakdown might be necessary for the continuation of BTC’s bull run. How Bitcoin Could Drop To As Low As $47,000 In an update to his Bitcoin analysis, DonAlt noted that Bitcoin had dropped back to around the $60,000 price range and could eventually break that support if it continues to be tested. From the accompanying chart he shared, the crypto analyst hinted that a price breakout below the $60,000 range would see Bitcoin drop to…

Ethereum price struggled to recover above $3,350 and corrected gains. ETH is consolidating near $3,200 and facing many hurdles. Ethereum started another decline and tested the $3,120 zone. The price is trading below $3,220 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,170 support. Ethereum Price Faces Uphill Task Ethereum price failed to settle above the $3,250 level and started another decline, like Bitcoin. ETH traded below the $3,200…

The Kenyan government recently established a multi-agency technical working group tasked with developing a framework for regulating and monitoring the cryptocurrency industry. The group, which includes financial regulators such as the Central Bank of Kenya, is set to draft rules for controlling and monitoring Virtual Asset Service Providers (VASPs). FATF Grey Listing Threat The Kenyan government recently announced the formation of a multi-agency technical working group tasked with developing a regulatory framework for the cryptocurrency industry. The group, comprising Kenyan regulators and the Central Bank of Kenya (CBK), was disclosed in a brief from Treasury Cabinet Secretary Njuguna Ndung’u. As…

Is the Bitcoin bear market already starting to rear its head? One new piece of market data suggests this could be the case. As of Monday, Bitcoin is entering what could be its fifth negative weekly close in a row. Historically, Bitcoin has never closed five consecutive weeks in the red outside of a bear market environment. A Slow But Steady Pullback Twitter user MisterCh0c took notice of the pattern on Monday, and was quick to receive backlash from more bullish followers. Some noted that the severity of the drawdown, which has persisted throughout April, is mild compared to previous…