Author: NBTC
While Bitcoin has undoubtedly captured the lion’s share of attention in the cryptocurrency market, analysts and investors are focusing on Ether (ETH), the native token of the Ethereum blockchain. With the highly anticipated Dencun upgrade and growing excitement surrounding the potential approval of spot ETH exchange-traded funds (ETFs), many experts predict that Ether could more than double in value during 2024. As the world’s second-largest cryptocurrency by market capitalization, the question on everyone’s mind is whether Ether can follow in Bitcoin’s footsteps and shatter its previous all-time high, further solidifying its position as a formidable force in the digital asset…
Floki price has retained its bullish momentum for the year with the project’s popularity on social platforms hitting impressive levels. According to an update from LunarCrush, a social intelligence company, this year has mostly been bullish for Floki. The number of creators posting about the memecoin in the past year has surged by over 271.6%. Floki has persistently seen an increase in its popularity over the last year, a time that saw its price soar by 485.50%, per CoinMarketCap data. The project has continued to build on this momentum since the start of this year, with an uptick in its…
In a move aimed at revolutionizing the digital fashion sector, Crypto.com has announced its partnership with Altava Group. Altava Group is a prominent player in the digital fashion tech industry. This collaboration is marked by a memorandum of understanding (MoU) signing ceremony at Crypto.com Korea. It signifies a pivotal step towards leveraging technology and expertise for the advancement of the global digital fashion market. Eric Anziani, President and Chief Operating Officer of Crypto.com, and Andrew Junhoe Ku, CEO of Altava Group, presided over the signing ceremony. This highlights the commitment of both parties to drive progress in the digital fashion…
The Ethereum network has seen a reduction of 417,413 ETH in supply since transitioning to a Proof-of-Stake (PoS) consensus mechanism in September 2022, per data from ultrasound.money. In the 540 days since The Merge, 1,509,991 ETH has been burned while the network has issued 1,092,578 new ETH, resulting in a net decrease. As of press time, the market value of the ETH removed from the supply stands at $1,653,797,635, marking an annual inflation rate of -0.23%. In contrast, Bitcoin’s supply has grown by 1.716% over the same period. This highlights the divergent monetary policies of the two largest cryptocurrencies, as…
The start of March finally brought meme coins fully into the ongoing cryptocurrency bull market as they accounted for 5 out of 7 of the biggest weekly gainers. While the more recognizable – and mostly dog-themed – cryptocurrencies and last year’s arrival and biggest mover at the time – Pepe (PEPE) – took the bulk of the attention, a lesser-known meme coin on the Solana (SOL) blockchain was responsible for some of the rally’s most impressive new millionaires. On November 30, 2023 – near the launch of the meme coin – one crypto trader bought 5.1 million Dogwifhat (WIF) for…
Nirvana Labs is debuting its Nirvana Cloud computing service meant to work specifically with blockchain workloads. CEO Dan Burke told Blockworks that the startup raised $1.7 million in pre-seed funding, and counts blockchain platforms like Chainlink and Avalanche as clients. According to Burke, the company is hoping to lure Web3 projects away from more general purpose cloud providers like Amazon Web Services (AWS) and Google Cloud, which are widely used across many industries, including the crypto space. But Nirvana is not building a decentralized computing platform, a la Golem, nor a decentralized storage solution like IPFS. Rather, it’s taking the…
The Financial Action Task Force (FATF) has downgraded Russia’s compliance rating due to its “insufficient regulation of virtual assets and cryptocurrencies.” Vedomosti reported that German Neglyad, the Deputy Head of the domestic anti-money-laundering regulator Rosfinmonitoring, said the Russia FATF rating was confirmed at a plenary meeting on February 23. Russia FATF Rating: Crypto Regulation Costs Moscow Neglyad said that the Eurasian Group on Combating Money Laundering and the Financing of Terrorism (EAG) conducted an analysis that resulted in the downgrading. The EAG is a FATF affiliate, and its assessments were approved by the international body, Neglyad added. The bodies also…
Recent data from the on-chain analytical platform, IntoTheBlock, has revealed promising insights for Ethereum (ETH) investors. With the current price hovering around $3,944, the data indicated that no notable barriers are preventing Ethereum from reaching an all-time high (ATH). Profitability of Ethereum addresses IntoTheBlock’s statistics show that 94.3% of Ethereum addresses are profitable. Of the 111.04 million Ethereum addresses, 104.71 million are “In The Money,” the highest figure in over a year. This data reflects a highly favorable sentiment for Ethereum, with the majority of investors experiencing increases in their holdings. While the majority of Ethereum addresses are in profit,…
Cardano is witnessing an influx of market participants, with active addresses skyrocketing to a high above 76,000 amid ADA’s attempt to breach the $0.80 territory. Cardano (ADA) has continued to attract attention from investors, further putting the “ghost chain” claims to bed. The asset recently saw a surge in daily active addresses, a trend which indicates a growing rate of network activity. Cardano Active Addresses Hit Yearly High Notably, data from Santiment shows that the number of daily active addresses increased to a new yearly high of 76,445 on March 6, while the asset looked to recover from the massive…
Laser Digital, a Nomura subsidiary specializing in digital assets, disclosed its collaboration as a data provider with Pyth Network, according to the information shared with Finbold on March 7. The partnership marks a milestone in Laser Digital’s quest to redefine the use of financial market data within a decentralized ecosystem. Initially, Laser Digital will furnish crypto pricing data to the network, while Pyth has expanded to incorporate more than 400 price feeds, including traditional assets such as stocks, foreign exchange (Forex), and commodities. How can Laser Digital and Pyth work together? In its three years in the market, Pyth Network…