Author: NBTC
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Picture the scene: you’re about to deposit your savings at a new bank. But as you’re filling out the forms, you come across a news story about a $624 million theft caused by a devastating exploit to the bank’s computer system. You might also like: A rewarding ecosystem enables monetizing passion in web3 | Opinion You start to look at other banks to find a safer alternative, but things aren’t that easy. You see, you have no…
With fewer than 300 blocks remaining until Bitcoin’s fourth halving, speculation has been rife, with many expecting a ‘sell the news’ scenario following an 11% drop in bitcoin prices. On the other hand, this downturn might just be the precursor to a shakeout and a subsequent significant uptick. Large holders, often known as ‘whales’, are sometimes suspected of selling on rumors to accumulate more of the asset at lower prices. Bitcoin’s 4th Halving Draws Near If you’ve been monitoring the chatter, you’ll know there’s been widespread speculation about the forthcoming halving and its potential impact on bitcoin (BTC) prices. Currently,…
While the crypto market witnessed significant bloodshed in April, layer-2 networks recorded substantial developer activity, signaling a strong belief in these projects despite the latest slumps in the value of their native tokens. A tweet by crypto data analytics platform Santiment revealed that the top ten layer-2 networks were selected by counting each project’s non-redundant GitHub activity and averaging their daily activity over the past 30 days. According to Santiment, analysts obtained the projects’ GitHub activities from their repositories through a back-tested process to ensure that only the teams’ efforts to improve and innovate were included. A project’s GitHub activity…
The following is a guest post from Bakhrom Saydulloev, Product Lead at Mercuryo.Statistics works in a funny way. When experts feel the need to prove the growing acceptance and awareness of Web3, they over-simplify the concept to say, for instance: “more than 90% of people have heard of crypto, hooray!” And yes, that is, in fact, true. But if you dive deeper, you’ll also see that only 8% actually have a solid familiarity with the concept of Web3. A16z predicts Web3 will reach one billion active users by 2031, roughly at the same speed as the Internet did – in…
BTC and other digital assets continue to be challenged by the market. Layer-1s and AI tokens have fared worse than bitcoin, leading to an increase in BTC’s market dominance Bitcoin (BTC) has become more dominant in the crypto market thanks to impending halving and broader market risk aversion, despite the price correction The largest cryptocurrency by market value was trading below $61,400 during Asian trading hours on Thursday, according to CoinDesk Indices data, as the sell-off in risk assets, fueled by difficult macroeconomic conditions, rages. The CoinDesk 20, a measure of the world’s most liquid digital assets, is down 3.3%,…
After months of Elon Musk teasing about turning X into an “everything app” and introducing peer-to-peer crypto payments in 2024, Telegram is now making waves as the first major platform to embrace the Web3 ecosystem. In a recent interview with Tucker Carlson, the founder of Telegram praised Musk for his innovative mindset and efforts to build the SocialFi platform, aiming to empower content creators with fair ad revenue returns. SocialFi represents a fusion of social media and decentralized finance (DeFi), offering users control over their content without reliance on central authority. Creators retain ownership of their content and data, unlike…
The government of Paraguay will ask lawmakers to approve a bill that proposes jailing illegal Bitcoin (BTC) miners for up to 10 years. The presidential spokesperson Paula Carro told reporters on Friday May 17 that the government has sent the bill to parliament “as a matter of urgency.” 10 Years in Jail: Illegal Bitcoin Miners Face Longer Prison Terms Carro said that the bill seeks to “punish” illegal miners with “multiple years in prison.” The draft law will also allow Paraguayan police and prosecutors to seize mining equipment from illegal operators. Per Criptonoticias, Carro also said the bill “seeks to…
Nimble Network, a decentralized artificial intelligence orchestration layer to improve the AI ecosystem, has recently announced an exclusive partnership. As per the company, it is joining forces with Anome (an on-chain game ecosystem focusing on enhancing GameFi, NFT liquidity, NFTFI, and DeFi. On its official account on the social media platform X, the company revealed the news of this move. 🚀 Excited to announce @Nimble_Network and @Anome_Official are joining forces! Nimble’s AI OrderBook will ensure efficient and cost-effective decentralized AI applications. Anome aims to revolutionize the on-chain game ecosystem with enhanced NFT liquidity and value.… pic.twitter.com/2IVlMhnk3y — Nimble Network (@Nimble_Network)…
Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) remains in an upward trajectory despite the recent pullback. In a new video, Svenson tells his 76,100 YouTube subscribers that as long as Bitcoin holds the mid to high $50,000 range as support a broader parabolic trend remains intact. “According to the textbook diagram, there’s no reason for me to think that we’re not in a parabolic trend because we are. The lows are currently exponential. Bitcoin can come down and wick into the mid to high $50,000 range, but as long as we bounce around that zone, it is still an exponentially…
The Fantasy Top collection led the non-fungible token (NFT) sales market on Sunday, with US$1.8 million in daily sales, according to CryptoSlam. This collection had 8,610 daily transactions across 2,155 unique buyers and 3,430 sellers. With the latest figures accounted for, Fantasy Top’s all-time sales volume has now reached US$46.13 million. Fantasy Top trades on Blast, an Ethereum layer-2 chain by the creators of Blur NFT marketplace. Blast ranked fourth in CryptoSlam’s daily blockchain rankings, with Fantasy Top recording most of the network’s sales. Ethereum held the top spot with a total sales volume of US$4.87 million on Sunday, a…