Author: NBTC
Nonfungible tokens (NFTs) have revolutionized the digital asset space, enabling unique representations of art, collectibles, and even real-world assets on blockchain networks. While Ethereum spearheaded the NFT revolution, Bitcoin has recently joined the fray with the introduction of Ordinals. This article explores the evolution, functionality, and distinctions between Bitcoin Ordinals and Ethereum NFTs. The Genesis of NFTs and Bitcoin Ordinals The concept of NFTs dates back to 2014 with the creation of “Quantum” on the Namecoin blockchain. Despite this early attempt, it was Ethereum that propelled NFTs into mainstream adoption. Ethereum’s robust smart contract capabilities, coupled with the ERC-721 and…
IntoTheBlock, a crypto analytics platform, reported that over $1.4B worth of Ether had recently exited crypto exchanges. Ethereum witnessed a huge surge in on-chain activity in the past week, with the outflow from crypto exchanges suggesting an accumulation trend. The last time such a high ETH outflow from exchanges occurred was in November 2024. IntoTheBlock’s data showed that ETH’s total exchange netflow (total inflows minus total outflows) was—$60.57M, highlighting the high amount of ETH leaving exchanges for wallets. According to the platform’s data, 74% of ETH holders held onto the asset for over a year. CryptoQuant’s data also revealed massive…
A prominent crypto whale has made a significant move in the crypto market through its bold trading to roll out a significant profit. By making headlines, he has offloaded an immersive 416.8 million $MEW tokens in exchange for 16,270 $SOL. These $SOL tokens have a value of $3.94 million. This transaction yielded the whale a substantial profit of 6,270 $SOL, or approximately $1.52 million. It cements the investor’s reputation as a savvy market strategist. Lookonchain, an on-chain data and analytics platform, has revealed the strategic move of this crypto whale through its X account. A whale sold all 416.8M $MEW…
ChainAware.ai has joined forces with UniLend Finance and will join UniLend’s AI Agent Hub powered by next-gen AI agents. This is great news for both the Web3 and AI industries. as Their goal is to redefine the connection between AI and blockchain and expand the agenda for developing projects in the decentralized industry. GM Degens!@UniLend_Finance x https://t.co/tODxqMTUfI Announce Partnership 🚀⚡️ UniLend is an #AI x #Blockchain protocol shaping the future of Web3. It enables communities to create and co-own on-chain AI agents!🏦https://t.co/tODxqMTUfI AI agents will be listed on UniLend’s… pic.twitter.com/Dy45fkf9Fk — ChainAware.ai (@ChainAware) January 10, 2025 UniLend’s AI Agent Hub:…
Prominent crypto analyst and CEO of CryptoQuant Ki Young Ju recently shared an interesting perspective on the price movement of Bitcoin (BTC). As the price of Bitcoin surpassed the $100,000 mark on the Chicago Mercantile Exchange platform, many began to discuss where the ceiling is for the price of the market’s largest cryptocurrency. Ju presented a chart in which he showed several patterns of Bitcoin price development from 2017, 2020 and the more recent past. As can be seen on the chart, according to Ki Young Ju, two possible scenarios emerge. The first is that the Bitcoin price might follow…
Ethereum price has currently drifted into the red zone and the price is slightly trading above the $3200 levels. As of now, Ethereum has sold off by about 25%, and its current price is around $3,300, marking a 20% drop from its cycle high. While confirmation is not yet complete, higher lows and lower highs suggest a potential breakout in either direction. The broader trend remains bullish, and the current price movement appears to be a correction within that larger uptrend. Bitcoin remains the dominant force in the market, holding 55% dominance. However, Bitcoin’s dominance is starting to cool off,…
The team behind the Shiba Inu ecosystem has completed an emergency security upgrade on Shibarium Bridge. Kaal Dhairya, a top developer of the Shiba Inu ecosystem, shared the development today. According to him, the team completed security maintenance on Shibarium Bridge, and the service is now fully operational. Shibarium Bridge Undergoes Emergency Security Upgrade This announcement comes five hours after he announced a critical security upgrade for Shibarium Bridge, which put the service in temporary maintenance mode. At the time, Dhairya assured Shiba Inu community members that their funds were safe during the maintenance. Amid the maintenance, Dhairya noted that…
Massa Labs, a decentralized social application developer, and INTOverse, a metaverse platform, have teamed up to revolutionize the Web3 communication Sphere. This partnership between Massa’s censorship-resistant blockchain technology and INTOverse’s SocialFi and AI-based solutions is meant to revolutionize how users worldwide perceive freedom, security, and self-governance online. Massa x INTOverse : A Partnership for Digital Freedom 🤝We’re proud to partner with @intoverse_ , a leader in building secure and decentralized social platforms. Together, we aim to give users more control and protect online freedom through blockchain technology.🔗 With… pic.twitter.com/1QtTPHojDM — Massa Labs (@MassaLabs) January 10, 2025 Massa’s Infrastructure: Empowering Internet…
It has been just over two weeks since it became known that the self-proclaimed ‘pro-crypto’ candidate, Donald Trump, will be the next president of the US. The news was received with open arms by crypto investors as prices of all major assets skyrocketed to local or all-time peaks. Expectedly, bitcoin was and still is at the forefront of gains. The asset stood below $70,000 before the elections, amid reports that this could be the last time it trades at that level, but went on a rampant run in the following weeks. Earlier today, the cryptocurrency tapped $99,500, which meant that…
Ethereum (ETH) is at a crossroads with traders weighing conflicting signals from its technical indicators and the overall market sentiment. ETH, currently trading near $3,300, is facing key support and resistance levels that could determine where it goes next. Technical Indicators Flash Warning Signs Ethereum’s technical indicators show a bearish trend with the price trading below all major exponential moving averages (EMAs). The 200-EMA at $3,697 is a major resistance point, while the $3,200–$3,300 range is acting as strong support. If ETH were to drop below this range, it could spiral down $3,000 or lower. However, if it moves above…