Author: NBTC
Heavy metal band Avenged Sevenfold have long been Web3 enthusiasts, launching their own line of Deathbats NFTs and building out token-gated ticket sales with Ticketmaster. Now, in what the band’s calling the “culmination” of its Web3 efforts, it’s launched Season Pass, a decentralized fan rewards platform that lets Avenged Sevenfold followers collect rewards for participating in activities linked to the band. It’s like the battle pass in popular video game Fortnite, but focused on the band. Frontman Matt Sanders (aka M. Shadows) told Decrypt that by slowly introducing fans to the benefits of Web3, “they become evangelists for it, because…
Grayscale’s total outflows have exceeded $15 billion. Grayscale’s Bitcoin Trust (GBTC) has faced a wave of sell-offs in recent weeks. According to Arkham Intelligence, this fire sale is likely connected to Genesis’ bankruptcy proceedings, undertaken to settle obligations with victims of the Gemini Earn program. Arkham Intelligence noted that over the past three weeks, Genesis redeemed over 32,000 Bitcoin (BTC), which is estimated at approximately $2.1 billion. The redeemed Bitcoin was sent to two specific Bitcoin wallets. Genesis GBTC Redemption Wallets are now on Arkham Genesis Trading have redeemed GBTC shares worth over 32,000 BTC ($2.1B) over the past 3…
In a conversation on X, Cardano founder Charles Hoskinson and CEO of IOHK expressed plans to integrate Cardano with Hyperledger Firefly, a multi-party system for enterprise data flows. This revelation came as a response to a tweet by Chris O’Connor, co-founder of Cardano Ghost Fund DAO, who emphasised the significance of scaling solutions within the Cardano ecosystem. We are going to get a cardano integration done with firefly to test it out and then see if SPOs like it. Long term, it can run all infrastructure as containers and allow for lightweight consensus. It’s a project we are working closely…
Binance, the world’s largest cryptocurrency exchange, announced that it will stop supporting Bitcoin NFTs on its exchange. This decision comes less than a year after Bitcoin NFTs were introduced to the platform. As part of efforts to streamline its product line, Binance NFT will stop supporting Bitcoin NFT trades and deposits starting at 09:00 UTC on April 18, 2024. Users are advised to withdraw their Bitcoin NFTs from Binance NFT Marketplace via the Bitcoin network before 21:00 on May 17, 2024. For Runestone NFT users who met the Runestone airdrop conditions, Binance NFT distributed these NFTs to eligible users’ Binance…
Bitcoin slipped 5% below $65,000 Thursday, with the U.S. dollar resurging amid the Swiss central bank’s interest rate cut. XRP, FIL and ICP defied the slump, while SOL and AVAX declined. Bitcoin completed its correction by rebounding from $60,000 Wednesday and targeting “much higher levels” in the next phase of the uptrend, Swissblock analyst said. Bitcoin (BTC) slid lower Thursday amid a stronger U.S. dollar, giving up some of the advances from Wednesday’s spectacular bounce spurred by a dovish tone from the Federal Reserve. BTC dropped some 5% to as low as $64,600 by late afternoon UTC hours from above…
The crypto bull market may be driving a renewed interest in non-fungible tokens (NFTs). According to DappRadar, the NFT sector has seen a 50% surge in trading volume for the first quarter of this year, generating $3.9 billion in revenue. These findings indicate this has been the strongest quarter for NFTs since Q1 2023. NFT hype is also sparking mainstream interest. Web3 quests in particular are gaining traction, as these interactive games are being implemented at different events this year. Quests Drive Engagement Using Web3 Elements A blog post from growth platform Intract explains that Web3 quests blend gaming elements…
Ethereum L2s record new highs in terms of transactions per second. Gas fees on Ethereum L2s are slashed by 99% after the Dencun Upgrade. Anticipation mounts over the ETH’s classification and the pending SEC’s verdict on spot Ethereum ETFs. The sentiment surrounding Ethereum and Ether (ETH) is now a mix of optimism and criticism. Metrics displayed by the largest smart contract-led ecosystem’s layer-2s (L2s) reflect a bullish outlook, while certain circumstances provoke fear, uncertainty, and doubt (FUD). Especially the question: Will ETH lose its value accrual amid the L2 fragmentation? Let’s take a closer look at the L2 ecosystem and…
Pantera Capital’s Liquid Token Fund, with assets totaling around $300 million, reported a 66% gain in the first quarter. This was largely driven by investments in cryptocurrencies like Solana while reducing its stakes in Bitcoin and Ethereum-related assets. According to Bloomberg, altcoins such as RBN, Aevo, and STX also contributed to this impressive first-quarter performance. During the same period, Bitcoin saw a 67% increase, hitting a peak of $73,798 by mid-March, only to experience a slight decline thereafter. In contrast, Solana’s value nearly doubled. Prices for Bitcoin and Solana were recorded at $67,540 and $174, respectively, at last check on…
Just hours to go until the Dencun upgrade goes live on Ethereum mainnet, the tokens of layer-2 scaling solutions like Arbitrum, Optimism, and Polygon have all seen hefty gains. Arbitrum is the only one to have seen double-digital gains as the Ethereum community counts down the minutes to Dencun. Its ARB token has risen 11% in the past day and 7.5% compared to this time last week. ARB rose as high as $2.25 early Wednesday morning, but has since settled to $2.20 at the time of writing. Arbitrum is one of the largest layer-2 Ethereum scaling solutions, with a total…
The Ripple versus SEC saga continues to stir controversy within the cryptocurrency community, with the latest focus falling on divergent views regarding former SEC chief William Hinman. Hinman’s role in shaping regulatory perceptions of digital assets has sparked heated debate, particularly within the XRP community. A recent social media exchange involving Miles Jennings, General Crypto Counsel at a16z, ignited discussions around Hinman’s legacy. Jennings defended Hinman’s contributions, praising his efforts to provide clarity on how cryptocurrencies could operate within existing securities laws. However, this viewpoint faced sharp criticism from XRP enthusiasts, who labeled Hinman as “corrupt” and called for accountability.…