Author: NBTC
While bitcoin’s price has remained above $68,000, onchain fees tagged along for the ride. Earlier this month, fees were below $1, but two days ago on Oct. 17, the average transfer fee hit a peak of $6.32. Today, onchain fees stand at around 22.9 satoshis per virtual byte (sat/vB), or roughly $3.61 per transaction. Bitcoin’s $68K Price Push Sparks Fee Increases The latest spike in onchain fees correlates with bitcoin’s rise past $68K. For instance, on Oct. 6, the average transfer fee, according to bitinfocharts.com data, was just $0.81. Fast forward to now, and that fee has jumped over 354%,…
Art Blocks, the popular platform and collective for on-chain artwork, announced on Wednesday that it has achieved a longstanding goal: ensuring that the vast majority of its projects can now be accessed and viewed solely by navigating the Ethereum blockchain. While all Art Blocks projects have been created on Ethereum since the collective launched in 2020, those pieces have always required a back-end generator provided by the company to be viewable online. Now, however, even the mechanisms needed to view and enjoy some 90% of all Art Blocks pieces have been configured on-chain. That means that as long as the…
In an exclusive interview between Oompaville and MrBeast, the latter responded to growing crypto malpractice allegations. Most discussions focused on allegations that MrBeast crossed the line not only to defraud his followers but also to profit from crypto schemes. The interview, that viral shortly after its release, has thrown more gasoline into the ongoing discourse about influencers’ responsibility within the cryptocurrency industry. Allegations of Crypto Misconduct In the interview conducted with Oompaville, he did not fail to ask some lining questions. Making use of investigative threads by Coffeezilla, he went over alleged “pump and dump” scandals that MrBeast was involved…
When we examine the cryptocurrency onchain data, we see that some fresh altcoin whales have accumulated a memecoin on the Ethereum network. According to data, fresh crypto whales are accumulating NEIRO. It is observed that the recently created cryptocurrency wallet 0xec6b purchased 8.23 million NEIRO via OKX by paying 230.4 ETH. This corresponds to $575 thousand at the time of writing. Additionally, a second crypto whale, 0xd753, was created recently and this time withdrew 5.41 million NEIRO worth $453,000 via Gateio, another crypto exchange. In addition, another wallet with the short address 0xe9f, which is not a fresh crypto whale,…
OKX has made a significant move in Europe by launching a trading platform and wallet service in Belgium, enhancing access to digital currencies for local investors. The exchange now enables Belgian users to trade in over 200 cryptocurrencies, reflecting a growing interest in crypto assets across Europe. According to Erald Ghoos, OKX’s Europe general manager, “We have no regulatory approval, only a non-rejection for our activity in Belgium,” emphasizing their operational strategy. OKX launches services in Belgium, allowing access to 200+ cryptocurrencies while operating under EU regulations without direct approval. Major impact on local trading. OKX’s Belgian services are offered…
Crypto analyst Ash Crypto has alerted the crypto community that $33.14 billion is at risk if the Bitcoin price reaches $72,462. This relates to the short positions that could be liquidated if the flagship crypto hits that price target, a development that will be bullish for BTC. Almost $33.14 Billion Will Be Wiped Out If Bitcoin Price Hits $72,462 Ash Crypto mentioned the liquidation alert in an X post, revealing that $33.14 billion worth of shorts will be liquidated if the Bitcoin price hits $72,462. These BTC bears are already in danger of getting liquidated, considering that the flagship crypto…
Animoca Brands made a strategic investment in Igloo, Inc., the parent company of Pudgy Penguins. The fund aims to expand NFT as consumer crypto, in addition to its Mocaverse platform. Igloo, Inc., the parent company behind the Pudgy Penguins NFT collection, will receive a strategic funding round from Animoca Brands. The fund, which is still one of the most active investors in Web3 and NFT, is in search of project complementing its Mocaverse brand. The Mocaverse includes NFT, digital identity, and metaverse features, aiming to revive consumer crypto with a gamified element. Animoca Brands has continued its support for Web3…
Following the correction experienced in Bitcoin and altcoins over the weekend, the increases continue with inflows into cryptocurrency investment products. At this point, CoinShares released its weekly cryptocurrency report and said that there was an inflow of $3.13 billion last week. “Cryptocurrency investment products saw record weekly inflows of $3.13 billion, bringing total inflows to $15.2 billion since mid-September, when interest rates were first cut in the U.S. Year-to-date inflows have reached a record $37 billion, far surpassing the launch of US Gold ETFs, which attracted just $309 million in their first year.” Positive Trend Continues in Bitcoin and Altcoins!…
Unlike traditional wills that manage physical assets, the DIFC Courts have chosen Hedera for its reliability, security, speed, and trust, ensuring a transparent process. This initiative underscores Dubai’s strategic approach to establishing a sustainable digital asset infrastructure and regulatory framework. The Dubai International Financial Centre (DIFC) announced its integration of Hedera’s Hashgraph technology which will power a new Digital Asset Will inheritance solution. This initiative is distinct from the traditional FinTech focuses like tokenized assets and payments. Thus, it marks a unique application of distributed ledger technology (DLT) in estate planning, especially for digital asset inheritance. Managing digital assets in…
Binance is launching a novel earning opportunity for its users through the introduction of THE coin, a key asset linked to a decentralized exchange and liquidity platform on the BNB Chain. This initiative will unfold via the Binance HODLer AirDrop Portal, allowing BNB holders who engage in Simple Earn products to receive the coin without any cost. Contents hide 1 What Are the Requirements for the AirDrop? 2 How Does the AirDrop Work? What Are the Requirements for the AirDrop? The THE coin is set to be listed on November 27, with trading pairs including THE/BTC, THE/USDT, and others. Users…