Author: NBTC
Potential policy shifts and market sentiment during the 2024 election could affect Bitcoin. In 2020, Bitcoin soared from $13k to $69k after the halving and election. Past Bitcoin halvings and US elections have consistently triggered significant price increases. According to a recent tweet by renowned crypto trader Mister Crypto, history may be repeating itself for Bitcoin as the cryptocurrency approaches significant milestones that have previously driven major price movements. Mister Crypto highlighted how the Bitcoin halving event and the upcoming US election mirror the patterns seen in past cycles, sparking speculation about a potential price surge soon. Bitcoin Past Historical…
Solana has surpassed all other blockchains combined in weekly chain royalties from NFTs. According to SolanaFloor, a Solana news source, Solana earned $374K in royalties, capturing 55% of the total royalties across all blockchains. This is a significant lead, as the total royalty earnings from NFTs reached $678.6K. Source: https://t.co/ay4jllEp0O — SolanaFloor (@SolanaFloor) October 14, 2024 Ethereum Follows Solana in NFT Royalties, Earns $212K Ethereum is second on the list with $ 212.9K in royalties and has 31% of the market dominance. Even though Ethereum reigns supreme in the NFT market, its revenues are significantly lower than Solana’s, which indicates…
Grayscale adds Kaspa (KAS) to its “Assets Under Consideration,” signaling potential future inclusion in its crypto investment products. Kaspa’s GhostDAG consensus offers parallel block processing, boosting transaction speed without compromising security. Inclusion in Grayscale products could boost Kaspa’s liquidity and visibility, attracting institutional investors through regulated exposure. Digital asset management company Grayscale Investments has released assets that may be included in future investment products, with Kaspa (KAS) among them. This development has been considered part of Grayscale’s market diversification plan to cover new technologies in the crypto market. Kaspa also joins other digital assets listed for review as of October…
A significant upsurge has recently taken place in the crypto market, with many tokens witnessing huge gains. As per Phoenix, a popular crypto analytics platform, $NAVX, $CETUS, and $ARK are among the leading projects among the top gainers in terms of daily returns. The analytics firm provided the statistics of these projects on its official social media account. DAILY GAINERS$NAVX +27.1% $CETUS +23.3% $ARK +21.7% $NXRA +18.6% $ATLAS +18.5% $LIKE +15.8% $VLX +15.5% $DC +15.5% $RACA +15.0% $GTAI +13.4%#dailygainers pic.twitter.com/WI4XJ3zbQ2 — PHOENIX – Crypto News & Analytics (@pnxgrp) September 29, 2024 $NAVX Dominates the Top Crypto Daily Gainers with a…
The South African Revenue Service (SARS) has announced plans to include crypto assets in its tax compliance programs. SARS is seeking information on crypto users and is increasing its efforts to identify and audit non-compliant taxpayers. The revenue collector urged taxpayers concerned about compliance to participate in the Voluntary Disclosure Program, but those already under audit will be ineligible. SARS has emphasized the consequences of willful tax evasion and stated its commitment to pursuing all non-compliant taxpayers. SARS Aims to Streamline Crypto Tax Compliance The South African Revenue Service (SARS) announced plans to include crypto assets in its compliance programs.…
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, author Gaz critiques Vitalik Buterin’s recent actions, while explaining the advancements in Ethereum scaling solutions like roll-ups, particularly focusing on “based roll-ups.” From Token Dumps to Roll-Up Tech: The Good, Bad, and Future of Ethereum It seems that Vitalik has been doing everything he can to keep Ethereum bulls as poor as possible lately. His terrible singing, not-so-great takes on defi, and endless token dumping via CowSwap TWAP orders…
EigenLayer, a well-known restaking platform with a TVL of 10.8 billion dollars, has just announced the addition of Bitcoin as an enabled asset for deposits. Thanks to the collaboration with the decentralized autonomous organization Threshold Network, tBTC, a derivative of BTC on the Ethereum network, has landed on the platform. This is a great milestone for EigenLayer that opens the doors for the first time to economic incentives for the reassurance of the network through the restaking of Bitcoin. The demand for this type of product could reach very high levels right away, given the success recorded in other competitor…
Efrogs, a pioneering NFT community on the Linea blockchain, has become the first to integrate Ethereum Name Service (ENS) subdomains. This development allows Efrogs NFT holders to own personalized ENS subdomains based on their NFT ID, such as “100.efrogs.eth,” which directly links to their wallet address. This personalized subdomain feature is automatically assigned to holders and remains tied to the NFT, transferring ownership whenever the NFT is sold. 𝖣𝖾𝖺𝗋 𝖤𝖿𝗋𝗈𝗀𝗌 𝖢𝗈𝗆𝗆𝗎𝗇𝗂𝗍𝗒! 🐸💚 𝖭𝖾𝗐 𝖠𝖼𝗁𝗂𝖾𝗏𝖾𝗆𝖾𝗇𝗍 𝖴𝗇𝗅𝗈𝖼𝗄𝖾𝖽 📝𝐄𝐟𝐫𝐨𝐠𝐬 𝐛𝐞𝐜𝐚𝐦𝐞 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐨𝐧 @LineaBuild 𝐭𝐨 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞 @ensdomains 𝐒𝐮𝐛𝐝𝐨𝐦𝐚𝐢𝐧𝐬.… pic.twitter.com/Wwo7jKcdgJ — Efrogs 🐸 (@efrogs_on_linea) October 10, 2024 The integration of ENS subdomains is…
The rise of Web3 has revolutionized how venture capital operates, requiring firms to adapt to the decentralized and fast-moving blockchain space. Victus Capital is leading this charge by redefining venture capital models to meet the needs of Web3 startups, providing both financial and strategic support to foster their growth. Web3 and the Changing Face of Venture Capital As Web3 continues to disrupt industries, the traditional venture capital model is being rethought. Victus Capital has responded to this shift by embracing innovative investment approaches tailored to the decentralized nature of Web3. Rather than focusing solely on financial returns, Victus Capital’s model…
On Sunday, Sept. 29, 2024, market data revealed that the TON-powered crypto asset, hamster kombat (HMSTR), experienced a 14% drop against the U.S. dollar over the last day, just three days after its market debut. Initially trading at $0.009993 per token when it first hit major exchanges, HMSTR has since lost over 42% of its value. TON-Powered Hamster Kombat Coin Reaches All-Time Low on Sunday The numbers indicate that HMSTR, the native token for the TON-based Web3 game Hamster Kombat, still faces significant sell-offs. Bitcoin.com News previously reported a 30% decline in the token’s value on its opening day across…