Author: NBTC

The native token for a Solana (SOL)-based non-fungible token (NFT) platform surged by nearly 30% this week, defying the wider crypto market doldrums. Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity. The project notes on the social media platform X that 834,000 unique wallets directly signed transactions with its protocol in May, its highest month of all time. Source: Metaplex/X Metaplex also notes that last month, 3.1 million new wallets collected a digital asset created through the project. Source: Metaplex/X Metaplex…

In a notable series of whale transactions today, more than $372 million worth of Solana (SOL) has changed hands, according to Whale Alert, a leading blockchain transaction tracker. The substantial whale movements come at a time when the broader cryptocurrency market is experiencing a bearish phase with no signs of momentum. Whale Alert reported that 1,000,000 SOL, valued at approximately $147.85 million, had been transferred from an unknown wallet to a new, unidentified crypto wallet. Shortly after, they reported another transaction involving 1,519,488 SOL, valued at around $224.64 million, transferred between unknown crypto wallets. Solana’s struggles and market sentiment These…

The European Banking Authority published the final version of draft technical standards on prudential matters for firms to comply. The technical standards are part of the European Union’s Markets in Crypto Asset legislation. The European Banking Authority (EBA) published on Thursday the final draft technical standards on prudential matters for firms to comply with under the Markets in Crypto Assets (MiCA) legislation. The wide-ranging package of bespoke rules for the crypto sector, MiCA was passed last year. The legislation comes with rules for crypto companies and stablecoin issuers. The EBA’s standards set out a criteria for stress testing programmes and…

The Bitcoin network is set to receive a fresh update with the release candidate of Bitcoin Core v27.1rc1 now available. In a new tweet, the Bitcoin Core development team has announced that the new release candidate, v27.1rc1, is now available for testing. This marks a significant step forward following the launch of version 27.0 in mid-April. Release candidates are test versions for releases. When no critical problems are found, this release candidate will be tagged as v27.1. A new release candidate of Bitcoin Core, v27.1rc1, is available for testing. This is a new minor release, and follows v27.0.It is available…

This week, “What the Punk!” was released, the new 80-minute documentary that tells the story of the famous CryptoPunk and the pioneers of crypto and NFT Art. NFT Art with “What the Punk!”: 80 minutes of documentary on the history of the CryptoPunk NFT Art: the CryptoPunks told in the new documentary “What The Punk!” The sales of the CryptoPunk collection NFT Art with “What the Punk!”: 80 minutes of documentary on the history of the CryptoPunk On June 11, 2024, “What The Punk!” was released, an 80-minute documentary that explores the extraordinary history of the CryptoPunk and the birth…

Cardano records significant growth in price, circulating market cap, revenue, average daily active addresses, and transactions in the first quarter of 2024. Prominent crypto analytic firm Messari disclosed this in a recent report titled “State of Cardano Q1 2024.” According to the data, the Cardano ecosystem saw immense growth in key metrics in the first quarter of 2024 compared to the previous quarter, Q4 2023. ADA Price and Circulating Market Cap Messari’s data confirmed that Cardano’s native token, ADA, ended Q1 2024 with a price of $0.64, marking an increase of 7% from the value recorded at the end of…

Minister of Treasury and Finance Mehmet Şimşek announced that the draft tax study for the stock market has been postponed for a while. In his post on his X account, Minister Şimşek stated that the package containing tax regulations aimed at increasing efficiency and justice in taxes and reducing informality will be presented to the Turkish Grand National Assembly soon. Minister Şimşek said, “In line with the feedback from all relevant parties, we are postponing the draft tax study for the stock exchange for a while to re-evaluate.” “The package, which includes tax regulations aimed at increasing efficiency and fairness…

The personal consumption expenditures (PCE) price index experienced a 0.25% uptick in April. The 12-month change was 2.75%, which is a three-year low. This is in line with analysts’ expectations, which is why Bitcoin’s reaction is somehow muted. The largest cryptocurrency is currently trading at $67,446 after failing to hold above the $68,000 level. Jeroen Blokland, founder of the Blokland Smart Multi-Asset Fund, has suggested that the members of the Federal Open Market Committee (FOMC) should already start their rate-cutting engines. However, former Federal Reserve Vice Chair Roger Ferguson has suggested that the Federal Reserve might hike rates again if…

Helio has made a number of updates to its Solana Pay plugin for Shopify, the cryptocurrency payments company announced Thursday morning. The plugin allows businesses on the e-commerce platform to accept payments through the Solana network. The plugin charges a transaction fee of 0.75%, which is lower than the 1.5 to 3.5% fees typically charged when using credit cards. The new version of the plugin added “hundreds” of cryptocurrencies that can be used for payments: Bitcoin, Ether, Solana, PYUSD and memecoins, including ORE and MOTHER. Previously, the plugin only accepted USDC. Shopify itself does not participate in updates. Anyone can…

In a Senate Appropriations Committee hearing today, SEC Chairman Gary Gensler warned that the controversial practices of the now-defunct crypto exchange FTX are not isolated incidents in the industry. “That is not unique,” Gensler said, referring to FTX’s commingling of functions. “It’s happened in multiple places that there’s this commingling.” Gensler emphasized the differences between traditional stock exchanges and crypto exchanges, noting that the latter often engage in activities that would be prohibited in the former. “The NYSE can’t actually also run a hedge fund and trade against their customers or make markets ahead of their customers. But in the…