Author: NBTC

In the fast-paced world of cryptocurrency, Ethereum (ETH) has recently captured attention with a notable surge in a critical metric that could shape its future trajectory. CryptoQuant, a leading market analytics platform, has highlighted a significant development in the perpetual futures market that may influence Ethereum’s price dynamics moving forward. The focal point of interest is the seven-day moving average of the Taker Buy Sell Ratio on the Ethereum perpetual futures market. This metric serves as a crucial indicator of market sentiment, reflecting whether buyers or sellers dominate market orders. A ratio below 1 indicates a higher prevalence of selling…

Know-your-customer (KYC) solutions are becoming increasingly important for crypto companies, financial services firms, and institutions. Grand View Research found that the global KYC software market size was valued at $2.93 billion in 2021. The number is expected to expand at a compound annual growth rate (CAGR) of 20.8% over the next six years. Grand View Research’s report further noted the growth of the KYC market, which can be attributed to the importance of compliance management and the rising number of identity-related frauds in financial institutions. The rise of deep fakes and artificial intelligence (AI) related scams is also leading to…

Exchanging Bitcoin for Runes via a command-line interface? For some, setting up a Bitcoin node—which validates transactions and keeps a record of network activity—that is capable of doing just that evokes a sense of confusion or dread. For others, it’s a technical endeavor that could come in handy soon when Runes, a protocol for Bitcoin-based fungible tokens (such as meme coins), unleashes a sluice of new assets on the network. “A lot of people are super intimidated to run a Bitcoin node,” Trevor Owens, general partner at the Bitcoin Frontier Fund and CEO of Ninjalerts, told Decrypt. “The reality is…

Despite a turbulent period for the broader NFT market, Milady NFTs have seen a remarkable surge in popularity and value, highlighting the unique dynamics and resilient interest in certain digital art collections. Over the past month, the NFT market has experienced significant volatility. Factors contributing to this include fluctuating cryptocurrency prices, regulatory uncertainties, and varying market sentiment levels. However, Milady NFTs have distinguished themselves within this unpredictable environment with an impressive upward trajectory. Most significant Ethereum NFT collections, such as Azuki and the Mutant Ape Yacht Club, were sold out by traders as ETH surged during the previous two days;…

Numbers don’t lie — spot bitcoin exchange-traded funds (ETFs) have been a boon for the market. The first day of trading in the US saw over $4.6 billion in volume. Within a month, bitcoin rose above $50,000 for the first time since the bear market and hit $70,000 in March for the first time ever. But this bitcoin ETF liquidity boost does not address any of the underlying issues in today’s crypto user experience, nor does it offer investors empowerment through self-custody. In the case of ethereum ETFs, the outcome will likely be the same. Rather than rely on regulatory…

After a period of waning popularity in April, the memecoin sector appears to be experiencing a resurgence. This potential revival is fueled by a recent surge in activity on Pump.fun, a platform that streamlines the creation and deployment of memecoins. Pump.fun removes the technical barriers often associated with launching a cryptocurrency. Users can design their memecoin with a name, ticker symbol, and image for a minimal fee, all without needing advanced technical knowledge or pre-existing liquidity. The platform even incorporates safeguards against rug pulls, a notorious issue in the memecoin space. Every token launched on Pump.fun automatically implements a bonding…

Zeta Markets, a leading Solana-based decentralized exchange (DEX) specializing in onchain perpetuals, has announced the launch of ZX (Zeta X), a cutting-edge Layer 2 solution set to revolutionize derivatives trading on Solana. Anticipated for an early 2025 mainnet release, ZX promises to enhance performance, scalability, and user experience across the platform. ZX represents an optimistic rollup built on the Solana blockchain, leveraging zero-knowledge (zk) proofs for trustless on-chain settlement. This innovative approach combines Solana’s Layer 1 capabilities for data availability and settlement with an off-chain matching engine. The result is a platform that rivals centralized exchanges in performance, while maintaining…

Bitcoin approaches another critical milestone — its scheduled halving event. It is a programmed reduction in the rewards miners receive for verifying transactions. The halving is a pivotal event that has historically influenced Bitcoin’s value and the broader cryptocurrency market. Increasing Scarcity Meets Growing Demand The halving occurs approximately every four years and is part of Bitcoin’s unique monetary policy. It mimics the scarcity and value preservation of precious metals like gold. “Over the past various cycles, we’ve seen more and more demand for Bitcoin, in contrast to the supply staying the same. So, if you look at it from…

The Fantasy Top collection surged to the top of CryptoSlam’s daily non-fungible token (NFT) sales chart on Wednesday posting more than US$1 million for the first time this week. The leading Blast collection had a total of 7,467 transactions conducted by 2,246 unique buyers and 2,749 sellers. However, the Ethereum blockchain outperformed other platforms on the same day, with sales reaching US$6.25 million, a 22.3% drop from the previous day’s US$8.15 million. Returning to the NFT rankings, Bitcoin’s NodeMonkes collection claimed the second position with sales of US$908,671, rising from the previous day’s US$571,992. NodeMonkes currently sits at the 26th…

The ongoing debate over Ethereum’s classification in the United States is garnering significant attention at the moment due to actions by the SEC and a possible ETF approval. The distinction between commodities and securities holds substantial implications for the regulation and future of crypto. If Ethereum were officially recognized as a commodity, the crypto landscape could witness transformative shifts in regulatory oversight, market participation, and investment vehicles. Commodity vs security definitions In the US, a commodity is generally defined as a basic good used in commerce that is interchangeable with other goods of the same type. This category includes items…