Author: NBTC

In an exclusive interview with BeInCrypto, Devin Finzer, co-founder and CEO of OpenSea, discussed the state of NFTs and the future of the digital marketplace. Amid speculations about the decline of NFTs, Finzer provided a clear vision of continued growth and innovation. The Rise of Gaming and Physically Backed NFTs Finzer highlighted that NFTs are not dead. In fact, gaming and physically backed NFTs are areas of growing interest among market participants. For this reason, OpenSea has partnered with Courtyard on projects involving Pokémon cards and with leading game developers like Parallel and Revolving Games. “We see emerging use cases…

Following Ethereum’s (ETH) recent ETF approval, the price has seen a steady incline. Is there more room for growth? BeInCrypto looks at how institutional interest and key market trends are shaping a bright future for ETH. Technical Outlook for Ethereum Ethereum (ETH) currently trades at $3,902, demonstrating robust bullish momentum. The price is well above the Ichimoku cloud and the 100-day EMA (currently at $3,175), indicating sustained upward pressure. ETH/USDT (1D). Source: TradingView Support levels are established at $3,575 and $3,400, while resistance levels are identified at $4,134 and $4,390. The formation of higher highs and higher lows confirms the…

As the fourth Bitcoin (BTC) halving is getting closer, cryptocurrency analysts publish various forecasts about its potential impact on the digital asset market. While most of the forecasts are bullish, some theories might sound alarming for miners. “Many will suffer”: Charles Edwards on Bitcoin (BTC) halving In general, the halving of miner rewards is great for Bitcoin (BTC) and the entire cryptocurrency segment in the long run. At the same time, its short term outcomes might be painful for some actors within the BTC ecosystem, Capriole Investments’ founder Charles Edwards says on X. Long-term, the Halving is great for Bitcoin…

Las Vegas — NFT Workx, a leading network for tokenizing real-world assets, is teaming up with Unstoppable Domains to unveil the pioneering “.WRKX” domain, marking a significant leap forward in tokenized identity solutions for Real World Assets (RWAs).—NFT Workx specializes in tokenizing physical assets through its eCommerce platform and mobile app, as well as major eCommerce platforms like Shopify and WooCommerce. Every purchase made on the platform results in a unique digital collectible, providing buyers with proof of authenticity and transaction traceability.”.WRKX,” the newly introduced top-level domain (TLD), serves as a tokenized identity solution, offering customer loyalty incentives through assets…

Ethereum is finally showing what it is capable of after rumors of the preapproval of the Ethereum ETF have spread around the crypto circle. For now, the price is getting ready for a swing toward or above $4,000, but its true strength is yet to be shown. Ethereum has been seen in an uptrend that recently broke through $3,900. Currently, ETH is trading around $3,898, showing a gain of 1.92%, and the upsurge is supported well by swift trading volumes. The technical indicators are aligning to suggest further upward movement. The 50-day EMA stands near $3,225, while the 100-day EMA…

Bitcoin’s (BTC) average transaction fees reached a 4-month high of $24.39 on April 12, nearing the world’s average daily income of $26.66. Bitcoin users and investors now wonder how far network transaction fees can go in the following weeks. Finbold retrieved on-chain data from BitInfoCharts on April 13 regarding the average network fees paid by users the day before. Notably, the average transaction fee historical chart displays USD levels seen for the last time in December 2023. Yet, this increase is partially explained by Bitcoin’s year-to-date price surge, considering lower averages previously measured in BTC or sats/vB. On April 12,…

Ethereum’s price on May 27, 2024, stands at $3,908, reflecting a strong upward trend in the recent trading sessions. Ether’s intraday range has been between $3,795 to $3,953 over the past 24 hours. Ethereum Ethereum’s 1-hour chart reveals a steady upward trend starting from May 26, peaking at approximately $3,953. After reaching this peak, the price is consolidating around the $3,880 to $3,900 levels. An increase in volume was observed during the initial upward movement, followed by a decrease during consolidation. A potential entry point could be identified if the price breaks above $3,953 with increased volume, indicating a continuation…

In an astonishing display of cryptocurrency trading, a Solana ecosystem trader turned an initial investment of $49,000 into nearly $2 million within just five hours. This trade involved Tori the Cat (TORI), a newly launched meme coin, sparking significant concerns about potential insider trading. The transaction unfolded when the trader purchased 261.4 million TORI using 344 SOL (Solana’s native token), which had been transferred from Binance to two new wallet addresses on consecutive days. The sheer speed and scale of the profit garnered—approximately 4000%—caught the attention of onlookers and analysts alike. Lookonchain, a blockchain analytics platform, noted that shortly after…

In fast downward action, Bitcoin (BTC) plummeted to a low of $65,110 on Friday after briefly testing the $71,000 barrier. At press time, Bitcoin had bounced back to $67,553, down more than 5% over the past 24 hours. Bitcoin’s recent price crash from $71,000 to $65,000 surprised the cryptocurrency market, but based on on-chain data, this downturn was not entirely unexpected. Crypto research firm Kaiko tweeted on April 11 that expectations for near-term volatility were increasing. This is because implied volatility for expiries in the following two weeks jumped from 59% to 71% in just two days. Aside from that,…

Veteran Trader Peter Brandt recently shared insights into his trading strategy, highlighting four trades he is currently involved in, including Ethereum, the second-largest cryptocurrency by market capitalization. The U.S. Securities and Exchange Commission (SEC) approved applications to list exchange-traded funds (ETFs) linked to the price of Ethereum in the past week, potentially clearing the way for the products to begin trading later this year. Ethereum rose over the weekend, buoyed by increased optimism following the approval of U.S. Ethereum ETF applications. At the time of writing, ETH was up 2.38% in the previous 24 hours to $3,905, having reached a…