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BlackRock planning to convert its Bitcoin sales to XRP, according to X posts
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$BTC Here are the latest developments in the cryptocurrency market as of today, December 26, 2024
Bitcoin BTC drops
Bitcoin saw significant volatility, rising above $99,000 this morning before falling back to around $95,662, reflecting a 2.58% decline in the past 24 hours.
Ethereum ETH drops
Ethereum price fell below $3,400, recording a 2.48% decline in the past 24 hours.
Cryptocurrency news highlights
Bitcoin used in Russian foreign trade: Russian companies have begun using Bitcoin and other cryptocurrencies in international payments, following legislative amendments that allowed this to be done in response to Western sanctions.
Bitcoin ETFs Outflows: BlackRock’s iShares Bitcoin ETF saw record outflows of $188.7 million on Tuesday, raising concerns about the future implications for the cryptocurrency market.
PENGU Rallies: PENGU, the native token of the popular NFT collection Pudgy Penguins, has surged 600% over the past week, catching the attention of cryptocurrency investors.
Note: The cryptocurrency market is volatile, so investors are advised to follow news and developments regularly and make investment decisions
Bitcoin BTC drops
Bitcoin saw significant volatility, rising above $99,000 this morning before falling back to around $95,662, reflecting a 2.58% decline in the past 24 hours.
Ethereum ETH drops
Ethereum price fell below $3,400, recording a 2.48% decline in the past 24 hours.
Cryptocurrency news highlights
Bitcoin used in Russian foreign trade: Russian companies have begun using Bitcoin and other cryptocurrencies in international payments, following legislative amendments that allowed this to be done in response to Western sanctions.
Bitcoin ETFs Outflows: BlackRock’s iShares Bitcoin ETF saw record outflows of $188.7 million on Tuesday, raising concerns about the future implications for the cryptocurrency market.
PENGU Rallies: PENGU, the native token of the popular NFT collection Pudgy Penguins, has surged 600% over the past week, catching the attention of cryptocurrency investors.
Note: The cryptocurrency market is volatile, so investors are advised to follow news and developments regularly and make investment decisions
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$XRP Ripple’s RLUSD Stablecoin Officially Launched with New York Department of Financial Services Support
Ripple officially announced the launch of its RLUSD stablecoin in December, after receiving approval from the New York Department of Financial Services (NYDFS). The stablecoin, which is pegged 1:1 to the US dollar, is part of Ripple’s strategy to enhance cross-border payment solutions.
Widespread Adoption
Upon launch, several trading platforms adopted the new stablecoin, including Uphold, Bitstamp, and Bitso. Recently, Bullish added RLUSD to its roster, offering a wide range of trading pairs across major cryptocurrencies and fiat currencies.
Initial Volatility and Relative Stability
RLUSD saw minor price fluctuations upon launch, ranging between $0.96 and $1.06. However, the price has currently stabilized at around $0.99.
In this context, David Schwartz, Ripple's chief technology officer, indicated that initial volatility is expected. He explained that stablecoins are designed to provide stability in the market and not to generate large profits, warning against speculation on them.
Impact on XRP Price
The launch of "RLUSD" coincided with a significant increase in the price of Ripple's digital currency XRP, as its price rose to 2.$70 before seeing a drop to less than $2.
Ripple officially announced the launch of its RLUSD stablecoin in December, after receiving approval from the New York Department of Financial Services (NYDFS). The stablecoin, which is pegged 1:1 to the US dollar, is part of Ripple’s strategy to enhance cross-border payment solutions.
Widespread Adoption
Upon launch, several trading platforms adopted the new stablecoin, including Uphold, Bitstamp, and Bitso. Recently, Bullish added RLUSD to its roster, offering a wide range of trading pairs across major cryptocurrencies and fiat currencies.
Initial Volatility and Relative Stability
RLUSD saw minor price fluctuations upon launch, ranging between $0.96 and $1.06. However, the price has currently stabilized at around $0.99.
In this context, David Schwartz, Ripple's chief technology officer, indicated that initial volatility is expected. He explained that stablecoins are designed to provide stability in the market and not to generate large profits, warning against speculation on them.
Impact on XRP Price
The launch of "RLUSD" coincided with a significant increase in the price of Ripple's digital currency XRP, as its price rose to 2.$70 before seeing a drop to less than $2.
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$HBAR HBAR coin is the digital currency of the Hedera Hashgraph network, a network based on an innovative technology called "Hashgraph", which is different from traditional blockchain technology. Here is a simple explanation of the HBAR coin and the work of the Hedera network:
What is the Hedera HHashgraphm network
The Hedera network is a decentralized platform that provides services such as smart contracts, data storage, and value transfer.
It is based on Hashgraph technology, which is considered faster and more efficient than blockchain in terms of speed and scalability.
It is designed to be an alternative for applications that require high performance, such as payment systems or decentralized applications (DApps).
HBAR coin Primary role
It is used to pay transaction fees on the network.
It is used as an incentive for participants who help run the network (such as verifying transactions).
HBAR coin advantages:
High speed: It can process thousands of transactions per second.
Low cost: Transaction fees are very cheap (less than $ 0.01 per transaction).
Energy Efficient: It is considered one of the most environmentally friendly networks compared to other currencies such as Bitcoin.
Security in the Hedera Network
The network is based on a protocol called Asynchronous Byzantine Fault Tolerance (aBFT), which is a very high level of security that prevents any hacking or manipulation.
Uses of hbar
Payment for services on the network.
Running decentralized applications.
What is the Hedera HHashgraphm network
The Hedera network is a decentralized platform that provides services such as smart contracts, data storage, and value transfer.
It is based on Hashgraph technology, which is considered faster and more efficient than blockchain in terms of speed and scalability.
It is designed to be an alternative for applications that require high performance, such as payment systems or decentralized applications (DApps).
HBAR coin Primary role
It is used to pay transaction fees on the network.
It is used as an incentive for participants who help run the network (such as verifying transactions).
HBAR coin advantages:
High speed: It can process thousands of transactions per second.
Low cost: Transaction fees are very cheap (less than $ 0.01 per transaction).
Energy Efficient: It is considered one of the most environmentally friendly networks compared to other currencies such as Bitcoin.
Security in the Hedera Network
The network is based on a protocol called Asynchronous Byzantine Fault Tolerance (aBFT), which is a very high level of security that prevents any hacking or manipulation.
Uses of hbar
Payment for services on the network.
Running decentralized applications.
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$USUAL USUAL Coin: An Innovative Stablecoin Project
What is USUAL Coin?
USUAL Coin is a digital currency launched with the aim of developing an innovative system to support and develop stablecoins in the blockchain world. USUAL focuses on creating an integrated platform that redefines the concept of stablecoins by providing new technical and financial solutions that enhance transparency and decentralized governance.
Source: ntat24
What is USUAL Coin?
USUAL Coin is a digital currency launched with the aim of developing an innovative system to support and develop stablecoins in the blockchain world. USUAL focuses on creating an integrated platform that redefines the concept of stablecoins by providing new technical and financial solutions that enhance transparency and decentralized governance.
Source: ntat24
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Goal 5
Second 8
Third 10
Second 8
Third 10
$XRP What do you think of it at the beginning of the year 2025?
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$APT
Aptos (APT) is a cryptocurrency that represents the native currency of the Aptos blockchain network, an advanced platform that aims to improve the performance and speed of traditional blockchain networks. The Aptos network was launched in October 2022 and is considered one of the promising projects in the world of digital currencies, as it relies on innovative technologies to improve transaction speed and scalability, while maintaining the security and decentralization of the network.
About the Aptos Project
The Aptos network was developed by a team that includes former experts in the Diem project, the blockchain project of Meta (formerly Facebook). After the discontinuation of Diem, the team decided to use their expertise to build a new, independent network based on Diem ideas and technologies but with comprehensive improvements.
Aptos's primary goal is to provide a fast and efficient blockchain that can better support decentralized applications (DApps) compared to traditional systems such as Ethereum or Bitcoin.
Aptos Coin Features and Network
Aptos Network Transaction Speed
Aptos Network claims to be able to process over 160,000 transactions per second (TPS), making it one of the fastest networks in the world.
This is based on the “Parallel Execution” technology that allows transactions to be processed synchronously instead of the traditional sequential method.
Source: ntat24
Aptos (APT) is a cryptocurrency that represents the native currency of the Aptos blockchain network, an advanced platform that aims to improve the performance and speed of traditional blockchain networks. The Aptos network was launched in October 2022 and is considered one of the promising projects in the world of digital currencies, as it relies on innovative technologies to improve transaction speed and scalability, while maintaining the security and decentralization of the network.
About the Aptos Project
The Aptos network was developed by a team that includes former experts in the Diem project, the blockchain project of Meta (formerly Facebook). After the discontinuation of Diem, the team decided to use their expertise to build a new, independent network based on Diem ideas and technologies but with comprehensive improvements.
Aptos's primary goal is to provide a fast and efficient blockchain that can better support decentralized applications (DApps) compared to traditional systems such as Ethereum or Bitcoin.
Aptos Coin Features and Network
Aptos Network Transaction Speed
Aptos Network claims to be able to process over 160,000 transactions per second (TPS), making it one of the fastest networks in the world.
This is based on the “Parallel Execution” technology that allows transactions to be processed synchronously instead of the traditional sequential method.
Source: ntat24
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$XRP
The Future of XRP After Recent Developments
XRP is witnessing major transformations in 2024 after the resolution of its legal crisis and the launch of its stablecoin RLUSD. These developments contributed to strengthening confidence in the currency, as the US court considered it not a security, which eased regulatory pressure on Ripple and restored momentum to the currency price.
Current price of xrp
As of December 2024, the price of XRP ranges between $ 2.41 and $ 2.62. The currency has seen a significant rise after the announcement of banking partnerships and the use of the currency in Japanese bank transactions by 2025
Ripple's future expectations
1. 2024-2025: Experts expect the price of XRP to range between $3.02 and $5.40 by the end of 2025, depending on market stability and financial institutions' willingness to use it
2. 2026-2030: With continued partnerships and adoption of digital currencies, prices may reach $11.62 in 2026 and up to $44.41 by 2030 in an optimistic scenario. These estimates depend on factors such as institutional adoption of the currency and the launch of approved investment funds (ETFs). Nothing is impossible in the field of digital currencies. These analyses remain just the efforts of the ntat24 website team
$BTC
The Future of XRP After Recent Developments
XRP is witnessing major transformations in 2024 after the resolution of its legal crisis and the launch of its stablecoin RLUSD. These developments contributed to strengthening confidence in the currency, as the US court considered it not a security, which eased regulatory pressure on Ripple and restored momentum to the currency price.
Current price of xrp
As of December 2024, the price of XRP ranges between $ 2.41 and $ 2.62. The currency has seen a significant rise after the announcement of banking partnerships and the use of the currency in Japanese bank transactions by 2025
Ripple's future expectations
1. 2024-2025: Experts expect the price of XRP to range between $3.02 and $5.40 by the end of 2025, depending on market stability and financial institutions' willingness to use it
2. 2026-2030: With continued partnerships and adoption of digital currencies, prices may reach $11.62 in 2026 and up to $44.41 by 2030 in an optimistic scenario. These estimates depend on factors such as institutional adoption of the currency and the launch of approved investment funds (ETFs). Nothing is impossible in the field of digital currencies. These analyses remain just the efforts of the ntat24 website team
$BTC
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$DOGE
DogeCoin is one of the digital currencies that started as a joke in the world of cryptocurrencies, but it has evolved into one of the most popular and effective currencies in the market. DogeCoin was founded in December 2013 by software engineer Billy Markus and programmer Jackson Palmer. Its name was inspired by a popular meme of a Shiba Inu dog, which made the currency beloved and easy to recognize.
The beginning and goal of the DogeCoin project
When it was launched, DogeCoin did not aim to compete with major currencies such as Bitcoin or Ethereum, but rather aimed to provide a light and entertaining currency that could be used for online donations or to provide token rewards on platforms such as Reddit and Twitter.
Technical Features of DogeCoin
DogeCoin is based on Blockchain technology, like other digital currencies, but it is based on the Litecoin system in terms of structure. Its most important technical features:
1. Proof of Work mechanism: It uses the same system as Bitcoin and Litecoin, but it is easy to mine compared to other currencies.
2. Transaction speed: The block confirmation time (Block Time) in DogeCoin is one minute, making it faster than Bitcoin.
3. Unlimited quantity: Unlike Bitcoin, which is limited to 21 million coins, DogeCoin has no issuance cap, making it vulnerable to inflation over time.
Full article on ntat24 website
DogeCoin is one of the digital currencies that started as a joke in the world of cryptocurrencies, but it has evolved into one of the most popular and effective currencies in the market. DogeCoin was founded in December 2013 by software engineer Billy Markus and programmer Jackson Palmer. Its name was inspired by a popular meme of a Shiba Inu dog, which made the currency beloved and easy to recognize.
The beginning and goal of the DogeCoin project
When it was launched, DogeCoin did not aim to compete with major currencies such as Bitcoin or Ethereum, but rather aimed to provide a light and entertaining currency that could be used for online donations or to provide token rewards on platforms such as Reddit and Twitter.
Technical Features of DogeCoin
DogeCoin is based on Blockchain technology, like other digital currencies, but it is based on the Litecoin system in terms of structure. Its most important technical features:
1. Proof of Work mechanism: It uses the same system as Bitcoin and Litecoin, but it is easy to mine compared to other currencies.
2. Transaction speed: The block confirmation time (Block Time) in DogeCoin is one minute, making it faster than Bitcoin.
3. Unlimited quantity: Unlike Bitcoin, which is limited to 21 million coins, DogeCoin has no issuance cap, making it vulnerable to inflation over time.
Full article on ntat24 website
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$RSR RSR (Reserve Rights Token) is part of a project that aims to create a decentralized financial system focused on digital currency stability and financial empowerment in emerging markets. This project relies on the use of a dual currency system: a stablecoin called RSV and a governance and reserve token, RSR.
What is RSR
RSR is a digital currency that is primarily used to support the financial system of the Reserve Protocol project. Its main role is to provide a stability mechanism for the RSV stablecoin through arbitrage and governance operations. RSR is also used to buy stablecoins at a discounted price when supply exceeds demand, which helps maintain the stability of the RSV value.
Reserve Protocol project coin goals
Financial stability: The project offers a stablecoin linked to a basket of assets to avoid the sharp fluctuations that most digital currencies suffer from.
Decentralization: The system does not rely on a central entity to manage assets, but rather is based on smart mechanisms based on the blockchain.
Economic Empowerment: The project aims to facilitate access to financial services in areas that suffer from economic instability or lack of banking infrastructure.
Uses of RSR Coin
Investment: Investors can hold RSR as part of their digital wallets, with the expectation that its value will increase based on the success of the project.
Source www.ntat24.com $XRP $BTC
What is RSR
RSR is a digital currency that is primarily used to support the financial system of the Reserve Protocol project. Its main role is to provide a stability mechanism for the RSV stablecoin through arbitrage and governance operations. RSR is also used to buy stablecoins at a discounted price when supply exceeds demand, which helps maintain the stability of the RSV value.
Reserve Protocol project coin goals
Financial stability: The project offers a stablecoin linked to a basket of assets to avoid the sharp fluctuations that most digital currencies suffer from.
Decentralization: The system does not rely on a central entity to manage assets, but rather is based on smart mechanisms based on the blockchain.
Economic Empowerment: The project aims to facilitate access to financial services in areas that suffer from economic instability or lack of banking infrastructure.
Uses of RSR Coin
Investment: Investors can hold RSR as part of their digital wallets, with the expectation that its value will increase based on the success of the project.
Source www.ntat24.com $XRP $BTC
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$AVAX
AVAX is the native cryptocurrency of the Avalanche network, an open-source blockchain platform designed to provide a flexible, fast, and secure infrastructure for decentralized applications (DApps) and financial networks. The Avalanche network was launched in 2020 by Ava Labs and its founder, Professor Emin Gun Sirer, an academic specializing in blockchain systems.
AVAX and Avalanche network features:
1. Speed and performance:
Avalanche relies on a unique consensus mechanism known as the Avalanche Consensus Protocol, which allows transactions to be confirmed in less than a second. This speed is one of the network's most prominent features compared to other networks such as Bitcoin or Ethereum.
Blockchain compatibility
The Avalanche network can interact with other blockchain networks such as Ethereum, facilitating the transfer of assets and digital currencies between different networks using Bridges technology.
Scalability and Scalability
Avalanche supports the creation of subnets, giving developers the flexibility to build private networks that fit their project needs without impacting the overall performance of the network.
AVAX is used to secure the network through a staking mechanism, where users can lock their coins to contribute to the security of the network and receive rewards. Additionally, the coin is used to pay transaction fees and create subnets.
AVAX Coin Uses
Transaction Fees:
AVAX is used as a means of paying transaction fees on the Avalanche network.
AVAX is the native cryptocurrency of the Avalanche network, an open-source blockchain platform designed to provide a flexible, fast, and secure infrastructure for decentralized applications (DApps) and financial networks. The Avalanche network was launched in 2020 by Ava Labs and its founder, Professor Emin Gun Sirer, an academic specializing in blockchain systems.
AVAX and Avalanche network features:
1. Speed and performance:
Avalanche relies on a unique consensus mechanism known as the Avalanche Consensus Protocol, which allows transactions to be confirmed in less than a second. This speed is one of the network's most prominent features compared to other networks such as Bitcoin or Ethereum.
Blockchain compatibility
The Avalanche network can interact with other blockchain networks such as Ethereum, facilitating the transfer of assets and digital currencies between different networks using Bridges technology.
Scalability and Scalability
Avalanche supports the creation of subnets, giving developers the flexibility to build private networks that fit their project needs without impacting the overall performance of the network.
AVAX is used to secure the network through a staking mechanism, where users can lock their coins to contribute to the security of the network and receive rewards. Additionally, the coin is used to pay transaction fees and create subnets.
AVAX Coin Uses
Transaction Fees:
AVAX is used as a means of paying transaction fees on the Avalanche network.
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Sei (SEI) is a cryptocurrency used on a layer-one blockchain specifically designed to support trading platforms and decentralized finance (DeFi). Its mainnet was launched in August 2023, and it is known for its focus on speed and security. Sei is also used to build several finance-related applications, such as Path, Sushi, and Nitro.
Source ntat24
Source ntat24
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The cryptocurrency market today witnessed a sharp decline due to several major factors that affected investor sentiment and digital asset prices. The most prominent reasons for this decline include:
The collapsed Mt.Gox platform will soon start paying customers’ dues, increasing the supply of Bitcoin in the market and putting pressure on its price.
#MarketDownturn $BTC
The collapsed Mt.Gox platform will soon start paying customers’ dues, increasing the supply of Bitcoin in the market and putting pressure on its price.
#MarketDownturn $BTC