Author: NBTC

Bitcoin to the moon? Some crypto data experts certainly think so. The price of Bitcoin is currently at $72,880, data from CoinGecko shows. Earlier on Wednesday, it hit another new all-time high price of over $73,600 per coin, continuing a recent string of upward surges. The new heights are down to the continued success of the spot BTC exchange-traded funds (ETFs), which are receiving record inflows amid rising demand from traditional investors. Bitcoin is said to be in price discovery mode right now, which means that the cryptocurrency has reached an all-time high price and now is charting new territory.…

Last Friday, Kevin Paffrath, on his highly popular YouTube channel Meet Kevin, kicked off the discussion by highlighting Ripple’s landmark victory in July 2023, when the SEC declared that the XRP token is not inherently a security. Paffrath pointed out how this regulatory win was a pivotal moment for Ripple, setting a precedent for the company’s future endeavors without the overshadowing threat of regulatory complications. As CryptoGlobe reported, Ripple, a frontrunner in blockchain and cryptocurrency solutions, announced on April 4 its intention to unveil a stablecoin tethered 1:1 with the US dollar later this year. This forthcoming stablecoin will be…

United States Senators Kirsten Gillibrand and Cynthia Lummis have unveiled a significant legislative proposal aimed at establishing a comprehensive regulatory framework for stablecoin issuers and the fiat-backed digital assets. The announcement came on April 17, marking the introduction of the Lummis-Gillibrand Payment Stablecoin Act, a culmination of months of drafting by the two senators. This long-awaited bill is anticipated to be formally presented in 2024. Stablecoin Bill in the US Central to the proposed legislation is the prohibition of “unbacked, algorithmic stablecoins,” a measure likely prompted by the depegging incident of TerraUSD (UST) from the U.S. dollar in 2022. Gillibrand…

FARM, the native token of the yield farming protocol Harvest Finance, was trending in the U.S. as it was exchanging hands at $88, up 80% in the past day. At the time of writing, FARM had a 24-hour trading volume of $218 million, which was up by a massive 19000%. The recent price action left the token’s market cap at $60 million. FARM 24-hour price chart | Source: CoinMarketCap Harvest Finance is a yield farming protocol that shifts user funds across multiple defi platforms to generate returns. It is native to the Ethereum blockchain and can also be traded as…

Stuart Alderoty provides clarity on the ongoing SEC v. Ripple lawsuit, thus cooling down the debate about a potential settlement in the legal tussle. Ripple CLO has squashed the growing rumors regarding a pre-trial conference in the SEC lawsuit. Many XRP community members speculated that the conference could pave the way for a settlement, potentially ending the multi-year legal battle. According to a scheduling order issued last year, the court ordered the parties to hold a final pre-trial conference on April 16 at 2 PM, a meeting that Magistrate Sarah Netburn will oversee. Alderoty Says No Pre-Trial Conference While many…

Coinbase CEO Brian Armstrong suggested on March 12 that widespread Bitcoin adoption could mirror a return to the gold standard, potentially stabilizing the U.S. economy in the face of escalating national debt. In a post on X, Armstrong underscored the potential of Bitcoin as a financial tool that could curb excessive government spending in the United States. This insight was shared in response to concerns raised by CFO Robert Sterling about the escalating national debt. Coinbase CEO Endorses Bitcoin Amid Rising National Debt The CFO pointed out the alarming rate at which the debt is accumulating. Worryingly, the analyst said…

In a recent turn of events, data shared by the Shibburn tracker shows that with the past 24 hours, the major metric of the SHIB supply shrinking has soared by a three-digit number with millions of meme coins destroyed permanently. Almost all of the SHIB mentioned in the report was burned by a mysterious Shiba Inu whale, according to the Shibburn and Etherscan data. This happened while the second largest meme cryptocurrency by market capitalization size, SHIB, has again attempted to break out of the price range it has been moving in recently. Burn rate jumps 305% as enigmatic whale…

On Monday the self-proclaimed Satoshi Nakamoto, Craig Wright, dropped a lawsuit filed by his holding company against 12 Bitcoin developers. It is reported by the Bitcoin Legal Defense Fund (BLDF), the foundation created in 2021 specifically to support Bitcoin developers in their defense against the lawsuit filed against them by Tulip Trading Ltd. of Craig S. Wright, based in the Seychelles. The news should therefore be considered official, even if biased, since it actually comes from the same accused parties. Satoshi Nakamoto: Craig Wright’s lawsuit against developers The lost cause: Craig Wright is not Satoshi Nakamoto The withdrawal of the…

In the first quarter of 2024, spot trading volumes of the top ten centralized exchanges (cex) topped $4.29 trillion, a 95.3% increase from the previous quarter. Despite facing legal challenges Binance remained the largest cex platform with a market share of 50%. The top crypto asset manager Grayscale’s converted GBTC exchange-traded fund (ETF) was the largest spot bitcoin ETF in Q1 with $21.7 billion in assets under management. Highest Recorded Quarterly Volume Since December 2021 In the first quarter of 2024, the top 10 centralized exchanges (cexs) recorded $4.29 trillion in spot trading volume, according to the latest Coingecko crypto…

Throughout its history, Bitcoin (BTC) has many times been deemed a failure and declared dead by critics and skeptics. Interestingly, Bitcoin’s price has increased by $21,000 since the last time it happened in 2024. From traditional finance investors to business owners, government entities, and other high-influence figures, Bitcoin “has died” 476 times since 2010. This data is from 99Bitcoins’ obituaries. The leading cryptocurrency was declared dead once in 2024. In particular, through a blog article by the European Central Bank (ECB), which said, “Bitcoin has failed.” On this occasion, BTC was trading at $51,304, now up over 40% at $73,000…