Author: NBTC
The top-ranking non-fungible token collection for Monday was DMarket, which recorded sales of US$742,104, with 4,016 unique buyers and 3,648 sellers engaging in 34,740 transactions. The second-ranking collection of the day, Fantasy Top, experienced a big daily sales dip to US$682,369 from the previous day’s US$1.80 million, according to CryptoSlam’s NFT rankings. NodeMonkes claimed the third spot in the daily rankings, with sales amounting to US$642,517, a rise from the previous Sunday’s US$274,929. The collection attracted 33 unique buyers and 27 sellers, resulting in 34 total transactions. However, the day’s hot development came from CryptoPunks, which recorded US$636,242 in sales…
Ether (ETH) surged 17% to over $3,600 as favorable regulatory developments increased the likelihood of ETF approval. The CoinDesk 20, tracking the largest digital assets, rose nearly 8% amid positive regulatory progress on Ether ETFs. Ether (ETH) opened the Asia business day trading above $3,600, up 17%, as favorable regulatory developments increase the chance that an ether exchange traded fund (ETF) will soon be approved, while the yes sides of various Polymarket contracts also jumped on the news.The CoinDesk 20, a measure of the performance of the market’s largest digital assets, is up almost 8%. CoinDesk reported towards the close…
Solana witnessed a 30% drop in total value locked but the blockchain has a chance to make new highs soon. According to DefiLlama, the value of decentralized applications fell by $10 billion in April. In addition, the total value locked (TVL) of the Solana blockchain has fallen from a March peak of $4.64 billion to $3.8 billion at the time of writing. Source: DefiLlama The decline in Solana’s performance occurred against the backdrop of a decline in the excitement around meme coins in this blockchain, and the fall of Bitcoin (BTC) after its rapid growth in March. However, Tristan Frizza,…
In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter financial crimes. The rules mandated digital asset exchanges to register, adhere to anti-money laundering (AML) practices, report on their finances, and comply with other regulatory requirements. A 54-page document on the rules of this regulation was released to this effect. This regulatory environment, though challenging, presents a unique opportunity for the Nigerian cryptocurrency market to mature and thrive. This is an…
The Sandbox, a leader in decentralized virtual gaming worlds, and Bitkub Blockchain Technology Co., Ltd., a premier blockchain network in Thailand, have announced a groundbreaking partnership. This collaboration aims to integrate Bitkub Metaverse into The Sandbox, establishing a dynamic metaverse hub in Southeast Asia. The union is set to enrich The Sandbox platform with various experiences, featuring well-loved characters from the Bitkub Metaverse. We’re thrilled to announce our partnership with @BitkubOfficial, Thailand’s leading #Web3 and blockchain network. 🤝 Together, we’re establishing a team of gaming experts in Thailand, exploring new levels of creativity and innovation in the metaverse. pic.twitter.com/36NKajVbnr —…
Ethereum price surged on Tuesday morning as expectations that the Securities and Exchange Commission (SEC) will approve ETH ETFs jumped. The token has soared to over $3,700 and is quickly nearing its year-to-date high of $4,090. Ethereum balances are tumbling Most analysts believe that the SEC will approve Ethereum ETFs by companies like Ark Invest, Blackrock, Franklin Templeton, and Invesco. Such a move will likely lead to more Ethereum demand as we saw with Bitcoin earlier this year. The iShares Bitcoin Trust (IBIT) is the fastest-growing ETFs globally as it added over $18 billion in assets within five months. All…
Founder of IOG, the company that stands behind the Cardano blockchain and its native cryptocurrency ADA Charles Hoskinson has responded to the recent statement about ADA, XRP, ETH and other altcoins made by Bitcoin maximalist Michael Saylor. Saylor says ADA, XRP, ETH will never have spot ETFs During his speech at the recent Bitcoin for Corporations 2024 event, the founder and chairman of MicroStrategy stated that he expects this summer Ethereum to be labelled a security, not a commodity by the Securities and Exchange Commission. Likewise, Saylor is certain, BNB, Solana, XRP, Cardano and all other altcoins will be deemed…
U.S. SEC opposes in part Ripple’s request to seal information relating to its confidential business information, including discounts offered to institutional buyers of XRP. According to an update shared by seasoned defense lawyer James K. Filan, the U.S. SEC has filed its opposition to Ripple’s omnibus sealing motion. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its response to @Ripple’s Motion to Seal. pic.twitter.com/zH9XYWbSsh — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) May 21, 2024 The SEC’s opposition comes a week after Ripple filed an omnibus motion to seal certain exhibits regarding its confidential business details, especially those relating to its…
On April 19th, in roughly two days, Bitcoin’s mainnet will undergo its fourth halving at the event block height of 840,000. Each block containing BTC transactions is ordered in a sequential chain of mining, hence the name “blockchain.” Depending on the BTC price move, when the fourth halving cuts miner block subsidies from 6.25 to 3.125 BTC, miners could be more or less incentivized to stay connected to the network. Given that Bitcoin’s market dominance is 55.6%, this could have severe implications for the entire crypto market. Which factors will determine the behavior of digital assets and related crypto stocks?…
Ethereum, the second-largest cryptocurrency, has now surpassed payments giant Mastercard by market capitalization ($440 billion and $427 billion, respectively). This comes after the U.S. Securities and Exchange Commission made an apparent U-turn regarding the approval of spot Ethereum exchange-traded fund applications. As reported by U.Today, Bloomberg analysts suddenly increased the approval odds to 75% despite previously capping them at just 25%. The reassessment was based on some chatter about the SEC rapidly changing its stance. Just days ago, the consensus was that VanEck’s ETF filing was going to be shot down by the SEC due to the lack of engagement.…