Author: NBTC
Hedera and Seaplify just partnered to resolve workforce shortage challenges in the Maritime sector. The real-world solution being championed has driven an uptick in HBAR. In a move towards modernizing the maritime industry, the HBAR Foundation recently announced the integration of Hedera’s Distributed Ledger Technology (DLT) into Seaplify, a pioneering platform in maritime employment. This collaboration facilitated through Blade Wallet, introduces a seamless and secure reward system aimed at transforming maritime employment. Addressing Maritime Challenges The maritime industry is undergoing notable changes, marked by workforce shortages, outdated recruitment methods, fragmented career paths, and a scarcity of comprehensive educational resources. With…
In a recent turn of events, Bitcoin’s (BTC) price has experienced a significant surge, breaking the $52,000 mark for the first time in two years. This milestone was acknowledged by Spot On Chain, a prominent cryptocurrency analysis platform, on X (formerly Twitter). It noted that the Bitcoin price had seen a steady increase over the past seven days, culminating in this notable achievement. However, this resurgence in Bitcoin’s value is now under threat from two major sell-off events that could potentially impact its short-term price trajectory. The first event concerns the approval granted to Genesis, a key player in the…
Crypto analyst Rager recently provided valuable insights to Bitcoin and Ethereum investors ahead of the imminent bull run. As part of his statements, he revealed the best time to go all in on the two largest crypto tokens by market cap, Bitcoin and Ethereum. “Last Great Opportunity For This Cycle” Rager opined in an X (formerly Twitter) post that the “last great opportunity for this cycle” will come around the Bitcoin Halving. In line with this, he also stated that he was still holding spot in positions and waiting for the “BTC and ETH pullback”, which he explicitly predicts will…
Since Japan designated Web3 as a “national strategy,” an increasing number of traditional companies in the country have either merged or are contemplating integrating their businesses with Web3, Jangdeok Ko, the CEO of the non-fungible token (NFT) marketplace SBINFT, has said. Ko conceded however that many of these companies are still in the “trial-and-error stage,” as they continue to explore the most effective ways to incorporate Web3 into their operations. Japan Takes the Lead in Promoting Web3 The SBINFT chief also attributes the growing interest of traditional corporations in Web3 to the Japanese government’s promotion of the technology and its…
Grayscale’s Bitcoin exchange-traded fund (ETF) faced substantial outflows totaling $2.2 billion last week. This amount surpassed the inflows observed in other funds, culminating in a net outflow of $500 million across global investment vehicles. BITCOIN ETFs SAW NET OUTFLOWS OF $500M LAST WEEKGrayscale’s Bitcoin ETF witnessed significant outflows, totaling $2.2 billion last week, surpassing inflows of $1.8 billion into other funds. Net outflows totaled $500M including global investment vehicles.Source: CoinShares pic.twitter.com/7EaU3Bk0mF — Mario Nawfal’s Roundtable (@RoundtableSpace) January 30, 2024 An update on January 29, 2024, revealed that Grayscale’s considerable outflows of $5 billion were effectively absorbed by other Bitcoin ETFs,…
CCData is an FCA-authorised benchmark administrator and a global leader in digital asset data, providing institutional-grade digital asset data and settlement indices. By aggregating and analyzing tick data from globally recognized exchanges and seamlessly integrating multiple datasets, CCData provides a comprehensive and granular overview of the market across trade, derivatives, order books, historical, social, and blockchain data. CCData has released the January 2024 edition of its Digital Asset Management Review. The report aims to provide a comprehensive overview of the global digital asset investment landscape, focusing on assets under management, trading volumes, and price performance. Targeting institutional investors, analysts, and…
On February 13, Avalanche took a big step forward by introducing the Durango upgrade to the Fuji test network. This implementation is intended not only to improve scalability, but also to validate cross-chain communication within the existing EVM chains that make up its ecosystem. Another promising feature in the Durango is Avalanche Warp Messaging (AWM). This technology enables peer-to-peer communication between any two subnets on different networks, which is enforced by validators, thereby establishing authenticity. This avoids a third-party intermediary, which helps ensure a higher level of security and speediness in the leading of assets in a system The upgrade…
Bitcoin (BTC) has garnered unprecedented attention from the crypto community recently, more so than is typically the case. The world’s foremost cryptocurrency recently saw the approval of the very first spot BTC exchange-traded funds (ETFs) in January, has been leading a multi-stage crypto market rally since October 2023, and is bound for its halving event in two months’ time. On top of these, the last few weeks saw Bitcoin surge and, despite a brief decline in the wake of the latest CPI report, cross above $1 trillion in market cap and above $52,000 per coin. Such a sudden rise caused…
PANDORA, the first token to use the Ethereum ERC-404 token standard, is on the move after slowing down for a few weeks. The token’s price saw a significant surge over the weekend, rising around 50% to clear $24,000 once more. This recovery was triggered by a number of factors, so here they are. Whales Set Their Sights On PANDORA The most obvious reason behind the price push recorded for PANDORA over the weekend can be traced back to significant whale activity. On-chain data tracking website Lookonchain, flagged a number of whale transactions that took place in the days leading up…
A reference to an NFT marketplace might not stand out in a game like OpenSeason. After all, the Fortnite-like battle royale shooter is drenched in colorful crypto memes, including a Pepe-themed amusement park plus Bored Apes and Milady avatars running around. But when the “tribute” in question is the flaming wreckage of a ship next to a dock labeled “OpenSea”—and you consider the game’s title—then it’s bound to grab attention. And it’s personal, too. The burning effigy to OpenSea, first shared via Twitter this month, is game developer Fractional Uprising Studios’ winking response to an enforcement action taken by the…