Author: NBTC
Between Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with buyers dropping by 86.34% and sellers by 77.25%. NFT Market Sees 6.29% Growth This past week, NFT sales climbed by 6.29% compared to the previous week. Out of the $95.42 million generated, Ethereum-based NFTs took the lead with $32.46 million in sales, marking a slight 0.06% uptick. Solana NFTs followed with $19.52 million in volume, boasting an 11.08% increase. In third…
According to on-chain data, an Ethereum ICO participant has reawakened after nine years of dormancy. According to blockchain analytics firm Lookonchain, the long-inactive address, which participated in Ethereum’s initial coin offering (ICO) in 2014, has taken action for the first time in almost a decade. The address in question initially received 500 ETH during Ethereum’s ICO, when the price was around $0.31 per ETH. At that time, the total cost of the ETH stash was just $155. Fast forward to today, and the value has skyrocketed to nearly $1.25 million, representing a whopping 806,351% gain. In a tweet, Lookonchain reported:…
Shytoshi Kusama, the pseudonymous leader of the Shiba Inu ecosystem, has confirmed he is not Elon Musk, but he’s willing to share his expertise on maintaining anonymity with the billionaire. Kusama shared these thoughts during his first exclusive interview with Arabian Business. He countered the views of conspiracy theorists who suggested the mysterious figure behind the Shiba Inu cryptocurrency might actually be Elon Musk operating under a pseudonym. The report reiterated that “Shytoshi Kusama” is merely a pseudonym, and his true identity remains shrouded in mystery. Shiba Inu Lead’s Anonymity Story Despite his prominent role, Kusama has managed to keep…
Tether has partnered with the Africa Blockchain Institute, a Rwanda-based blockchain think tank, to expand the crypto company’s educational initiative to Ivory Coast. According to a news release on Aug. 9, Tether’s (USDT) partnership will help bring blockchain education to students through workshops across five universities in the West African nation. These universities include Université Félix Houphouët-Boigny, Institut National Polytechnique Félix Houphouët-Boigny, Pigier Business School, Université Alassane Ouattara, and Université d’Abobo-Adjamé. In Ivory Coast, Tether will support programs that enable students to learn about and gain practical skills in blockchain technology and cryptocurrencies. The initiative also targets smart contracts, which…
Bitcoin (BTC) has been trading in a four-month consolidation range since February 28, which has brought uncertainty to investors. However, a prominent trader, Credible Crypto, believes Bitcoin could reach $100,000 in 30 days after the next impulse starts. The professional analyst, who now goes by CrediBULL Crypto due to his current bullish bias, still foresees a bright future. According to a recent post on X, the trader doubled down on his positive outlook, making a bold price prediction. In particular, he highlighted Bitcoin’s previous impulse, which sent the leading cryptocurrency‘s price from $38,514 to $73,805. Notably, this first impulse lasted…
A wallet supposedly tied to Jump Trading moves $29 million in ether, preparing for potential sales. The wallet still holds over 16,000 ETH, according to Spot On Chain. A wallet tagged as belonging to trading giant Jump Trading moved large amounts of ether (ETH) on-chain as the second-largest cryptocurrency recovered from Monday’s crypto-market rout. According to blockchain sleuth Spot On Chain, the wallet unstaked 11,500 ether, worth $29 million, from liquid-staking service Lido Finance and moved the coins to an address labeled Jump Trading 0xf58: 0xf584f8728b874a6a5c7a8d4d387c9aae9172d621. The Chicago-based company has previously used that address to transfer coins to centralized crypto…
GreenCart partners with Molino Bruno, a leading Italian flour producer, within VeChain’s VeBetterDAO. Users earn B3TR tokens for eco-friendly purchases through GreenCart. Molino Bruno’s integration expands sustainable food options in GreenCart’s platform. GreenCart has partnered with Molino Bruno, an Italian flour-milling company, in a major partnership within VeChain’s VeBetterDAO ecosystem. This partnership represents an important accomplishment for VeBetterDAO, as it brings together the innovative dApp GreenCart contained within its ecosystem with Molino Bruno. 🚨 NEW PARTNERSHIP! 🚨GreenCart announces a partnership with Italian company Molino Bruno, marking the first dApp on #VeChain’s VeBetterDAO to secure such a collaboration. 🔥🚀https://t.co/bP20mhOpPR pic.twitter.com/sUP20x2CGe —…
SSV Network has achieved a significant milestone by reaching 40,000 validators on the Ethereum mainnet. This marks a major step in its mission to enhance Ethereum’s staking infrastructure. Additionally, over 4,000 swETH validators have been successfully onboarded to the SSV Network. Further, it will strengthen its role in the Ethereum ecosystem. SSV has now reached 40,000 validators on Ethereum mainnet 🫡https://t.co/hUfaEQybYO pic.twitter.com/WI08l3YPmV — SSV Network (@ssv_network) August 9, 2024 SSV Network Advances Decentralized Ethereum Staking with DVT SSV Network will play a crucial role in the advancement of decentralized Ethereum staking and restaking solutions. It incorporated Distributed Validator Technology (DVT)…
A crypto analyst has disclosed reasons why the price of Bitcoin could witness more declines to $52,000 lows. According to the analyst, Bitcoin has broken key support levels, which indicates a potential shift from a bullish to a bearish position. Analyst Projects Bitcoin Crash To $52,000 In a post on X (formerly Twitter) on June 21, crypto analyst, Justin Bennett predicted that Bitcoin could witness a price crash to key ranges between $52,000 and $54,000. He shared a price chart illustrating Bitcoin’s recent decline, highlighting that its price remains range-bound, showing no clear downward or upward trend as it trades…
According to Lookonchain’s post, many wallets that have been dormant for 3.3 years transferred 789,533 Ethereum (ETH) worth a total of $2 billion. Investigating where these funds came from, Lookonchain stated that it detected that ETHs came to these wallets from the “Plus Token Ponzi 2” wallet. These ETHs were seized by Chinese police fighting against the PlusToken Ponzi scheme. The Plus Token Ponzi 2 wallet distributed Ethereum to thousands of wallets in 2020, and the wallets have not moved since then. However, activity has begun in these wallets and thousands of ETH transfers are being made. “Hundreds of wallets…