Author: NBTC

While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week, NFT sales were rather lackluster, dropping 4.3% compared to the previous week. Total sales reached $90,678,150, with Ethereum-based NFTs leading the charge at $32,195,968, although this figure represents an 8.26% decline, according to cryptoslam.io data. Solana claimed the second spot with $19.4 million in sales, marking a 6.39% increase…

The crypto market has struggled since the launch of spot ether ETFs, the report said. Citi noted that spot bitcoin and ether ETFs have seen net outflows in the past month. Stablecoins have been the outlier, with market caps continuing to grow, the bank said. The cryptocurrency market has struggled since the launch of trading of spot ether (ETH) exchange-traded funds (ETFs) in the U.S. on July 23, Citi said in a research report on Friday. The bank noted that other risk assets have also been weak over this period, but crypto has underperformed since the post-nonfarm payrolls (NFP) rebound,…

Aethir’s ATH token launched, securing listings on 15 exchanges. Checker Nodes powered Aeithir’s Mainnet, earning rewards. Staking service offers attractive rewards for community support. June 2024 marked a pivotal moment in Aethir’s history, as the company achieved remarkable milestones. With ATH—the utility token at the core of Aethir’s DePIN stack—taking center stage, the community witnessed groundbreaking partnerships and exciting benefits. June was incredible for Aethir!From ATH launch, staking, EcoDrop 2, and Aethir Edge Sale Round 2 to the Aethir Mainnet launch, we delivered it all to our community 🔥Plus, we unveiled a fresh new look, turning Aethir green💚Our latest blog…

Cryptocurrency analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC). Svenson tells his 79,000 YouTube subscribers in a new video that Bitcoin is primed to see “continued upside, a continued recovery.” “The reason why is because the stock market is bouncing right back.” Source: Kevin Svenson/X According to Svenson, the S&P 500 stock index’s bullish performance after a double-digit correction could fuel a Bitcoin rally. “The S&P went down almost 10% and is now down only 4% from the top. So the S&P has reclaimed more than half of that dip. A lot of people were fooled…

The market will allow for the collateralization of and borrowing against Centrifuge’s Anemoy fund, tokenized T-bills from Midas and Hashnote’s U.S. Yield Coin. It’s the first time a permissioned lending market will use Ethereum-powered Coinbase Verifications. The aim is to provide instant liquidity without having to actually redeem the underlying T-bill. Centrifuge, a startup specializing in blockchain-based tokens representing real-world assets (RWAs), has established a lending market relying on collateral from several U.S. Treasury-backed tokens using lending firm Morpho’s system of vaults. The market, aimed at institutions, will reside on Base, the Ethereum layer-2 network developed by crypto exchange Coinbase,…

The Open Network (TON) is back online after a six-hour outage that began at around 10:11 p.m. UTC on Tuesday, TON said in a post on X. TON is now producing blocks normally! We are back online. https://t.co/iXM6kF464Tpic.twitter.com/FQ6eOt9fok — TON 💎 (@ton_blockchain) August 28, 2024 According to data from Tonscan, the TON blockchain experienced an outage, halting transaction processing for six hours. The outage was caused by an abnormal load on the network, leading to database cleaning issues for several validators. As a result, the network lost consensus, and block production ceased. In efforts to restart the network, TON called…

A widely followed crypto analyst believes that Ethereum (ETH) may have reached a market bottom against Bitcoin (ETH/BTC). In a new video update, crypto strategist Benjamin Cowen tells his 807,000 YouTube subscribers that ETH/BTC may have reached the cycle low at 0.04 BTC. However, he warns that based on historical precedence, there’s a chance that ETH/BTC may first dip below the 0.04 BTC level on the monthly chart before rallying. “I think that ETH/Bitcoin bottoms in the 0.03 BTC to 0.04 BTC range, and it already hit 0.04 BTC. So there does exist a scenario where the low for ETH/Bitcoin…

According to Scott Garliss, Director of Business Ventures at MarketWise, the Fed’s decision to cut interest rates could be a positive development for cryptocurrencies. Garliss explains that the Fed’s current monetary policy and the potential decline in borrowing costs are key factors that could push prices of risky assets like Bitcoin and Ethereum higher in the coming months. Garliss said many investors fail to grasp the dynamics behind central bank interest rate policies, which significantly affect asset prices. “The Fed has plenty of room to start lowering interest rates,” he said. The consensus view on Wall Street is that the…

Today marks a pivotal moment for the decentralized physical infrastructure network (DePin) project – NATIX Network. This is because its token, NATIX, is now available on centralized exchanges. Noteworthy platforms, such as KuCoin, MEXC, and Gate.io, listed the token. However, major crypto exchanges like Binance, Coinbase, and Kraken have yet to announce plans to include NATIX. What Challenges NATIX Might Face? NATIX Network builds a mapping solution by encouraging users to collect and share environmental data. This crowdsourced information fuels the NATIX map, which is essential for smart-city and mobility applications. The flagship product, Drive&, combines dashcam and navigation technologies…

REI Network has announced a strategic partnership with Upton Finance. This collaboration aims at enhancing the decentralized financial services available to users within the Telegram ecosystem. The collaboration was revealed through the official X (formerly Twitter) accounts of both companies. Excited to announce our partnership with @upton_fi! 🟦 Together, REI Network’s high-performance, zero-fee blockchain will empower Upton Finance to deliver seamless, high-yield financial services to their users. https://t.co/8b2uBXhWP2 pic.twitter.com/PBeCZGTLnN — REI Network｜From #GXChain! (@GXChainGlobal) August 28, 2024 Upton Finance Leverages REI Network for Advanced Blockchain Services on Telegram REI Network is known for its top-tier performance and fee-less blockchain built…