Author: NBTC
The team behind the Shiba Inu ecosystem unveils plans to burn SHIB using a portion of SHEboshi proceeds. Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu’s ecosystem, has unveiled a special initiative that could contribute to the ongoing SHIB burn campaign. According to Kusama, the Shiba Inu ecosystem team will burn more SHIB tokens using a portion of the proceeds gotten through the sale of the newly introduced SHEboshi non-fungible token (NFT). What is SHEboshi? For context, SHEboshi is the latest edition of Shiba Inu’s NFT initiative. The digital collectible was launched to celebrate this year’s Valentine’s Day and…
Bitcoin’s price only needs to rise about 25% to retest the all-time highs set in November 2021. But stacks (STX), another cryptocurrency in Bitcoin’s orbit, may get there first after an explosive 400% rally since October. Bitcoin itself almost doubled in value during that time. STX is the native token for Bitcoin-adjacent blockchain Stacks. As of now, STX is less than 17% away from its own price record, which it hit around bitcoin’s $69,000 top. In fact, out of 300 cryptocurrencies to reach all-time highs during the 2021 to 2022 bull market, STX is the nearest to retesting its peak.…
With the Bitcoin price hovering above $50,000, the focus of the crypto community has shifted towards the DeFi sector, which has been witnessing a significant surge, marking an end to the crypto winter. This pivot is largely attributed to the mainstream attention DeFi has garnered amidst the ongoing AI craze. Platforms enabling users to lend, borrow, or exchange crypto without the intermediation of a central authority, such as Uniswap and others, have seen a spike in value following various innovative proposals. Therefore, it appears that the DeFi tokens may make a huge noise in the upcoming bull run and mark…
DeChat has announced a collaboration with Omnisea. The objective is to improve users’ NFT experiences. The association between the two basically eliminates the need to have the technical knowledge involved in NFT. Moreover, it does away with the requirement to seek permissions and pay a cost. DeChat, in the announcement made on X, formerly Twitter, has called the objective of this partnership revolutionary, adding that they are bringing the said NFT experience to their platform to make it convenient for users to dive into the world of NFT. DeChat has further acknowledged the upgrade to v2 done by Omnisea, which…
Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. The market has since dropped below the $2,400 level and is currently retesting it. In case the price fails to climb back above, the likelihood of…
In its weekly market report, Coinbase claimed that the downward pressure on Bitcoin and the overall cryptocurrency market has begun to fade. According to analysts, this could potentially pave the way for a more supportive trading environment. The report emphasizes that many technical factors that negatively affect cryptocurrency performance have begun to decrease. A key development that has alleviated much of the downward pressure, according to analysts, is the completion of FTX’s bankruptcy estate’s sale of significant GBTC assets. Coinbase analysts cited a recent CoinDesk report that mentioned the bankruptcy estate divested 22 million GBTC shares. The report also noted…
XRP, a Ripple-backed token that positions itself as one of the top 6 cryptocurrencies by global market cap, birthed a hurricane of speculative buzz today following the jotting down of two significant whale transfers within the broader crypto market amid XRP’s price pump. As per insights unveiled by the blockchain tracking platform Whale Alert, today’s whale transfers collectively showcased the relocation of nearly 47 million XRP to two different CEXs, nabbing noteworthy attention globally. Meanwhile, XRP’s price action as of press time contrasted with the usual market sentiment of a price slump with significant dumps, portraying a noteworthy upward movement…
One widely followed crypto analyst is expressing amazement at Bitcoin’s (BTC) latest historic rise. Pseudonymous crypto trader Rekt Capital shares his incredulity at BTC’s meteoric rise with his 400,000 followers on the social media platform X. “Can you believe Bitcoin’s price has increased by almost $10,000 over the past 10 days?” Speaking toward the commentary that often accompanies Bitcoin’s volatile up-and-down prices, the analyst pokes a little fun at the crypto community. “With BTC rallying this much to the upside, many will doubt whether BTC will ever perform a pullback But when a pullback occurs, many will doubt whether BTC…
Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with ether-based liquid staking derivatives (LSDs) securing a dominant position with $41 billion in TVL. Value Locked in Decentralized Finance Vaults Past $80 Billion A span of one year and nine months has elapsed since the UST stablecoin by Terra lost its peg, and Terra’s LUNA plummeted from an $80 valuation per unit to well…
Fine whiskey has long been a spirit that enthusiasts savour for its complex flavours and craftsmanship. Metaverse Merchants has built an innovative platform that interweaves age-old whiskey making with blockchain’s efficiency and security.— Every ‘Merchant’ NFT represents a virtual warehouse, where traits represent specific abilities, or an allocation of rare spirits. By giving collectors the ability to participate in the creation of spirits, Metaverse Merchants makes high-end whiskey crafting open to enthusiasts who wish to savour their own personalised spirits.Rare whiskey can be blended or bottled at cask strength to cater to individual preferences. Collectors can work with a variety…