Author: NBTC
As the S&P 500 rose to a record high Friday, a bull market in U.S. equities was set to mark its two-year anniversary. Though enthusiasm has been muddled in the crypto market for months, the window also shines a light on just how much Bitcoin has gained during that span. As highlighted in Opening Bell Daily, a financial newsletter, the S&P 500 has climbed more than 60% to around 5,800 points since a bear market in equities petered out two years ago. Over the same period of time, however, Bitcoin’s price has risen around 220%, up from approximately $20,000 to…
Following the NFT crash a few years back, ApeCoin was among the most affected projects and seemingly disappeared from most crypto users’ range of vision. However, the protocol made a massive announcement hours ago that propelled a whopping rally for the native token, pushing its price beyond the coveted $1 level. $APE || The start of NFT season! With $APE surging, NFT season is about to kick off. Keep an eye on NFTs, billions will pour in. Similar to $ALTS, #NFTs will bless patient peeps with generational wealth! @apecoin pic.twitter.com/RoH9yYgDTe — Crypto Catalysts (@Crypt0Catalysts) October 20, 2024 ApeCoin’s Announcement The…
The trustee overseeing Mt. Gox’s assets has extended the repayment deadline for Bitcoin (BTC) creditors by one year to October 31, 2025. The announcement, made via the Mt. Gox website on Thursday, is the latest development in the long-running saga of the cryptocurrency exchange going bankrupt. Once the world’s largest crypto exchange, Mt. Gox collapsed in 2014 following a massive hack. Since then, the exchange has been working to repay nearly $9 billion in recovered assets to creditors, a process that finally began in July after years of delays. Despite the initial repayments, crypto wallets linked to Mt. Gox still…
With his proceeds from the sale of tokens he was given recently, Dogecoin creator Billy Markus — also referred to as Shibetoshi Nakamoto — has had an interesting year. The same Dogecoin holdings that he infamously sold for just $10,000 in order to purchase a car back in 2015 would now be worth over $9 million and at their peak they would have been worth over $45 million. Billy Markus has stayed involved in the cryptocurrency space even though he sold his DOGE years ago. He has made several wallets to take tips in different tokens over the last 12…
Cryptocurrency users who crave privacy protections had a lot to be thankful for this past Thanksgiving. Two days before the holiday, a unanimous three-judge panel of the Fifth Circuit ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) had acted in an arbitrary and capricious manner not supported by substantial evidence when it “overstepped its congressionally defined authority” in sanctioning “Tornado Cash’s open-source, self-executing software” instead of “the rogue persons and entities who abuse it.” In plain English, Congress didn’t give OFAC the power to do what it did: sanction software code owned by no one. But let’s…
Skale Labs and Sequence are teaming up to help support a series of upcoming blockchain games, with the first game benefiting from the collaboration—mobile shoot ‘em up game Zoppel: The Legend of Furiax—set to launch its alpha test on the Skale network next week. Zoppel, a vertical spaceship shooter, will debut in alpha on Android and iOS on December 15, kickstarting the collaboration. The game is based on an original science fiction IP, and is flanked by a graphic novel that is set to begin shipping in January. Skale Labs is the development team behind Skale, an Ethereum layer-2 scaling…
Bitcoin’s 4% decline in October 2024 breaks its historical trend of positive performance in this month. October has traditionally been a strong month for Bitcoin, with an average return of 20.60%. Current market conditions and potential political and economic events may influence Bitcoin’s performance for the rest of October. BTC has been particularly favorable in October, having posted negative returns only twice in the full 11 years of its existence. Today, being in its 12th year, bitcoin is 4% down for October. This is rather peculiar given the fact that, with a few exceptions, Bitcoin reacts positively to the beginning…
Let’s look at the most important updates at the moment in the field of crypto airdrops for the most daring hunters. For the next week, several developments are expected, such as the claim of some tokens that are about to land within the crypto market. There are also some free blockchain interactions to try, with which you can qualify for future distributions. All the details below. Crypto airdrop of the Ethereum ecosystem: the Scroll claim is coming Grass releases checker for the distribution of its own token: what other free airdrops to farm? AlienX announces the launch of the crypto…
The US Securities and Exchange Commission (SEC) will reportedly reject two spot Solana (SOL) exchange-traded funds (ETF) applications, according to Bloomberg ETF senior analyst Eric Balchunas. Balchunas said the rejections were Chair Gary Gensler’s “parting gift” to the crypto industry. Fox News reported Eleanor Terrett revealed sources at two Solana ETF issuers told her the SEC will not approve any new crypto-related ETF under Gensler. He is slated to step down on Jan. 20, 2025. Balchunas expects the issuers to file for the Solana ETFs again once Paul Atkins begins his term as SEC chair. President-elect Donald Trump confirmed Atkins…
OverTrip, a colorful third-person battle royale shooter, has launched on PC via the Epic Games Store, marking the beginning of its third in-game content season. With this, the game has added a new “skill mode,” where players can wager real money on their performance, including the game’s recently launched meme coin. The game is a multi-chain project, with its token launching on Solana, NFTs minted on the Ethereum mainnet, and plans to build on the Ethereum layer-2 network Soneium, which was developed by Sony in partnership with Startale. OverTrip launched its Solana token TRIP via Pump.fun on November 30. This…