Author: NBTC
In 2024, the NFT market faced an unexpected downturn, revealing challenging patterns as the once-booming sector struggled to maintain its momentum. A recent study by NFTEvening and Storible agency, analyzing the performance of 29,079 new NFT collections, presents a stark reality. It shows that most NFT drops this year are failing to find lasting value or engagement. Profit Elusive in 2024 NFT Market as Most Drops Decline Using data from Dune Analytics and OpenSea, NFTEvening and Storible’s research focused on collections launched between January and August 2024. The study confirmed results Using OpenSea’s API and analyzed key metrics. Among them…
After an extended period of sideways movement, Ethereum has finally managed to surge past the $3,000 mark. This breakout comes as Bitcoin reaches new highs, fueling optimism across the crypto market. Ethereum Price Breaks $3,000 After Long Consolidation Ethereum’s price had been moving within a tight range for weeks, struggling to break through the $3,000 resistance level. However, with the recent surge in Bitcoin’s price to $80,000, Ethereum found the momentum needed to move higher. Many traders see this breakout as a signal of Ethereum’s readiness for further gains, particularly as the overall crypto market remains bullish. ETH/USD 1-day chart…
Chinese cryptocurrency journalist and blogger Colin Wu has reported that Spirit Blockchain Capital has finally completed the acquisition of Dogecoin Holdings. This may potentially help to increase the global adoption of the original meme cryptocurrency, DOGE. Spirit Blockchain Capital announced that it has completed the acquisition of Dogecoin Holdings to increase the global adoption of Dogecoin. Ankr co-founder Chandler Song announced that he has invested in Dogecoin Holdings and will serve as a strategic advisor to participate in… — Wu Blockchain (@WuBlockchain) November 8, 2024 Dogecoin Portfolio Holdings Corp is a blockchain company that works on managing and creating new…
Is Bitcoin’s new all-time high (ATH) of $90,000 the right moment to secure a $100 million credit line? If you’re a Bitcoin miner from Wall Street, the answer is definitely yes. This exact move was made by Nasdaq-listed digital asset mining company BitFuFu (NASDAQ: FUFU), which has secured additional financing from AntPool Technologies. BitFuFu aims to expand operations and potentially pursue acquisitions while maintaining its Bitcoin holdings. It’s hard to imagine a better moment for infrastructure investment than during this dynamic bull run of BTC, which gained over 10% in value on Monday and is testing new all-time highs just…
Blockchain protocol Immutable has introduced a new feature to simplify the gaming experience for players in Web3 by allowing in-game transactions. In an announcement on November 11, Immutable said that Web3 games were experiencing disruptions because players often had to approve transactions or interact with wallets outside of games. The new Pre-Approved Transactions feature allows developers to integrate transaction approvals directly into the game interface. In 2023, Immutable launched its Passport wallet framework with Google and Apple login methods. The Web3 gaming project said the feature allows users to create and restore crypto wallets using their Google or Apple accounts,…
A wallet associated with Arthur Hayes, a well-known figure in the cryptocurrency industry, has recently made a notable accumulation of Ethereum (ETH). In a series of transactions, the wallet acquired a total of 1,072 ETH, valued at approximately $3.31 million. This sudden increase in holdings marks the first significant accumulation in this wallet in the past three months, sparking speculation about Hayes’s potential strategies or renewed interest in Ethereum. A wallet related to ArthurHayes(@CryptoHayes) accumulated 1,072 $ETH($3.31M) today.The last time this wallet accumulated $ETH was 3 months ago.https://t.co/1HymJRPhcj pic.twitter.com/hPLNMmY6Pi — Lookonchain (@lookonchain) November 10, 2024 Details on Recent Transactions According…
Investors often monitor the buying patterns of crypto whales, as these large players can heavily influence market prices. The first week of November 2024 has been no exception, with whales funneling substantial funds into several altcoins. In this analysis, BeInCrypto examines the altcoins that have attracted these significant investments and why whales are buying them. The top three include Aave (AAVE), Cardano (ADA), and Avalanche (AVAX). Aave (AAVE) AAVE, the native token of the decentralized lending platform Aave, is among the altcoins that crypto whales have bought this week. This trend is closely linked to Donald Trump’s recent election victory…
Orderly Network, a provider of cloud liquidity infrastructure, has officially introduced Avalanche. Designed to have an exceptionally high-performance blockchain architecture, Avalanche enables efficient deployment of decentralized applications (dApps) and specific blockchain ecosystems. This integration will help traders on the Avalanche to easily engage directly with the users in other blockchain networks; this will add depth to the trading on both EVM and non- EVM chains. Orderly Network Enhancing Cross-Chain Liquidity Through Avalanche Avalanche handles over 4,500 TPS, with every transaction being processed in under two seconds. The native consensus mechanism labelled Avalanche is efficient in delivering fast, secure, and low-energy…
Este artículo también está disponible en español. Analysts see that Ethereum has the potential to reach a new all-time high by December after it achieved its first breakout in three months. Its growth can be attributed to the growing optimistic sentiment on cryptocurrencies fueled by the results of the recently concluded national elections. Ether Breaks The $3,000 Barrier Data has shown that Ethereum experienced a big price hike–a growth that analysts said could be the result of the triumphant victory of Donald Trump in the US elections. Analysts said that the second largest crypto in terms of market capitalization was…
The development team behind Cardano (ADA) recently performed major upgrades to the protocol. The upgrades made this week are aimed at enhancing the platform, ensuring smooth operations for users. Key updates on Cardano this week According to a blog post, Cardano developers conducted key upgrades, which affected the network’s core technology, development, scaling and others. Notably, the core technology teams upgraded node v.10.1.1 to v.10.1.2. On the other hand, the DB Sync team focused on a prerelease of version 13.6.0.0 compatible with node v.10.1.0. Additionally, the Cardano team used decentralized submission to implement the governance action workload via cardano-cli, proving…