Bank in USA. I've had this account for about 10 years now and they charged me $15 for not having enough money in my account. The required minimum amount is $1500 at all times (and you earn like .01% year lol). If you go below that number, they charge you $15. Even ifyou only go…
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Blockchain Council of the Philippines’ Donald Lim believes that blockchain and Web3 projects have the “opportunity to flourish” in the country.
XRP is now witnessing a surge in network activity as prominent holders of the cryptocurrency make their moves. The latest findings from Lookonchain, a renowned data analytics firm, shed light on the purchase and sale patterns of XRP whales on the Binance Smart Chain (BSC), signaling a potential rise in selling activity within the market. Ripple’s triumph over the SEC has undoubtedly injected a fresh wave of confidence into the XRP community. With the regulatory cloud dissipating, investors and holders are now eager to capitalize on the newfound clarity surrounding the token’s status. As a result, the actions of these notable whales have become a focal point of interest for market observers and enthusiasts alike. Related Reading: USTC Surprises With Nearly 60% Rally – What’s Going On? XRP Whales’ Purchasing Habits Revealed: Insight From Lookonchain Based on analysis by Lookonchain, the transactional behavior of four influential whales has come to light. Each of these whales demonstrates distinct patterns in their purchasing habits, shedding light on their strategies within the crypto market. 1/ Did whales sell $XRP as the price of $XRP rises? Let’s check the top 4 whales of $XRP on the #BSC.👇 pic.twitter.com/cwkXIcK6s2 — Lookonchain (@lookonchain) July 15, 2023 One of the whales, known as “0xf522,” has amassed a staggering 25 million XRP, equivalent to $18 million, between April 22 and November 24, 2022. Interestingly, this particular whale has refrained from selling any of their holdings thus far. Source: Lookonchain Another notable participant, identified as “0x513d,” acquired 10 million units of the coin at an average price of $0.45 per token. Following the recent surge in XRP’s value, this whale has deposited 5.4 million XRP, worth around $4.3 million, into Binance. Related Reading: Shiba Inu Encounters Familiar Resistance, Prompting Concerns About Bull Run By taking advantage of the recent price rally, “0x513d” demonstrates a more proactive approach, capitalizing on the upward momentum of XRP. Source: Coingecko At present, Coingecko displays XRP’s price at $0.7412, reflecting a 2.9% rally within the past 24 hours alone. Over the course of the previous seven days, XRP has experienced a remarkable surge of 58.6%. Ex-Ripple Chief Affirms Company’s Limited Market Influence Amid XRP’s Surge Meanwhile, Matt Hamilton, the former Director of Developer Relations at Ripple, clarified on Twitter that Ripple’s influence on the market is relatively constrained when considering the global daily sales volume of XRP. Ripple are the single largest holder of XRP with something like 48B XRP. Most of it is held in escrow contracts that release each month. Ripple sell a small portion of that and put the rest back in new escrow contracts. — Matt Hamilton (@HammerToe) July 16, 2023 This assertion holds true even in light of the recent surge in XRP’s value following the resolution of the Ripple-SEC case. He stressed that the price movements of XRP are primarily governed by market forces and the performance of Bitcoin (BTC), underscoring the interplay between these factors in shaping the cryptocurrency’s trajectory. XRP market cap closing in to the $39 billion level. Chart: TradingView.com Hamilton explicitly stated that Ripple does not have authority over either XRP or the XRP Ledger (XRPL), ensuring any misunderstandings are clarified. In order to stress this notion further, he proposed the potential scenario where Ripple’s complete XRP holdings could be eradicated if the XRP community deemed it appropriate. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Blockchain News
So, like always just before and during big crypto runs, my family and friends have started asking me about it again. Only this time, it’s different family and friends! This whole space is growing and recently they’ve been coming to me asking about Bitcoin halving, not just “what random super duper X dog ZZZ 360…
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I have some posts about selling Moons (pinned on my profile for the interested). But people often ask me how to cash out their Reddit avatars. In this post, I'll answer this question for absolute beginners that know nothing about DeFi or web3. Follow these steps in order or skip to the one that you're…
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The Financial Stability Board states that crypto platforms must segregate clients’ digital assets from their own funds and clearly separate functions to avoid conflict of interest.
I feel like I need to move my assets to a new wallet since I’ve picked up Ledger is no longer a safe option.. I’m looking for alternatives for long term safekeeping. So my question to the community: what are the safest places to store your crypto/seed phrases? I used to keep parts of my…
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BTC price performance is getting market participants worried in the short term, but the signs of wider Bitcoin accumulation are there.
A record 592,000 Bitcoin, or roughly $17.8 billion, was accumulated when the coin was trading at $30,200, recent Glassnode data indicates. At this accumulation rate, suggesting possible demand, more entities bought more coins at the second fastest pace in the network’s history. This record was only broken when 637,000 BTC were bought at an average price of $16,500. 592,000 Bitcoin Bought At $30,200 The spike in Bitcoin accumulated at this price point preceded the decision by a United States court to rule that XRP, an altcoin issued from the XRP Ledger (XRPL), is a commodity, just like Bitcoin. The ruling on Friday, July 14, was received positively by the crypto community and temporarily lifted prices, sustaining Bitcoin above the psychological $30,000 mark. According to Glassnode, the Bitcoin Entity-Adjusted Economic Ratio Per Day (ERPD) is a metric designed to assess economic activity within the network, considering the number of entities participating. This metric is calculated by dividing the Network Value to Transactions (NVT) ratio by the entity-adjusted on-chain volume. In on-chain analysis, the NVT ratio represents the relationship between the market capitalization and the recorded on-chain trading volumes at a specific price point. A higher NVT ratio indicates a greater value than recorded trading volumes. Related Reading: Synthetix (SNX) Up By 35% In Anticipation Of New Decentralized Exchange While the NVT reading can be useful, it can also be misleading if the entities, or clustered addresses, involved in transactions are not accounted for. To correct this error, the ERPD integrates addresses involved at that price point, used in taking account of the market cap. This way, it can be easy to gauge the entities and total coins involved. Shifting Sentiment? The surge in Bitcoin ERPD development will also likely impact altcoins. Considering its liquidity and support across the board, Bitcoin sets the tone for other altcoins in crypto. Its performance and transactions can gauge market-wide sentiment, which might, in turn, change how altcoins are perceived in the current market conditions. Related Reading: Stablecoin TrueUSD To Be Fully Controlled By Asian Owner Still, some commentators on Twitter were unsure if the metric was a positive development or a position for further price crashes. One believes that most such transactions are conducted by “paper hands” who buy Bitcoin when the price increases and are set to sell at any moment of negative news. The spike in ERPD is also ahead of the Bitcoin halving event in 2024, which, reading on historical performances, may impact prices positively, even triggering a bull run. After halving, miners would receive fewer coins, releasing even fewer for circulation, a supply shock that may support prices. Feature image from Canva, chart from TradingView
Unstoppable Domains and Ethereum Name Service have dominated the decentralized domain name space as competitors until now.
