Author: NBTC
Bitcoin remained steady, while ether gained over 5% as investors bet on an ETH ETF in the coming months. AI-related tokens zoomed in as the launch of OpenAI’s Sora sparked renewed hopes for the sector’s growth. Bitcoin (BTC) prices remained little changed over the weekend, hovering around the $52,000 level on relatively lower trading volumes compared to the weekdays. The price action was in line with a recent trend of low volatility over the weekends following the issuance of spot bitcoin exchange-traded funds (ETFs) in the U.S. in January, which seemingly changed the market structure for bitcoin trading. However, other…
An unknown trader made $176,000 on the new SORA token, which is not affiliated with the new text to video AI, by investing only 0.049 ETH ($137). As Lookonchain analysts pointed out, the trader spent 0.049 ETH ($137) to purchase 16 million SORA, after which trader sold 12.36 million SORA for 36.57 ETH ($102,492). The SORA token was created shortly after the launch of the generative artificial intelligence model of the same name from OpenAI. However, the coin is not affiliated with the development team. In total, the same trader is in the green about 1280x of their initial investment,…
In a new innovative development, American cryptocurrency exchange Coinbase has created the released Q4 earnings report in the form of a Non-fungible token (NFT). Coinbase Sets NFT Reporting Precedence Coinbase earnings reports are now on-chain, per the published statement on the website. The reports are now available as NFTs which can be minted by interested individuals. Usually, these earnings reports are released at the end of every quarter, therefore, potential holders can mint digital collectibles every quarter to commemorate each milestone. According to Coinbase, these milestones are an effort geared towards bringing economic freedom to the world. It is worth…
Vitalik Buterin, the co-founder of Ethereum (ETH), has expressed his anticipation for the arrival of “Verkle trees” on the blockchain network. The integration of the data structure would see a significant improvement in the disk space used by staking nodes. In a post on social media platform X, Buterin said that he is “looking forward” to Verkle trees, which will reportedly bring multiple benefits to the Ethereum blockchain. The Ethereum founder said, I’m really looking forward to Verkle trees. They will enable stateless validator clients, which can allow staking nodes to run with near-zero hard disk space and sync nearly…
Think about a digital metropolis the place the bustling cityscape and complicated infrastructure come to life earlier than your eyes. This futuristic imaginative and prescient is now a actuality because of the Mumbai Megapolis Metaverse challenge appearing as a digital twin for the town. Throughout Mumbai Tech Week on February 18, the Maharashtra Division of Tourism, in collaboration with the Tech Entrepreneurs Affiliation of Mumbai (TEAM), launched the Mumbai Megapolis Metaverse. The challenge goals to revolutionize city governance by providing a digital duplicate of Mumbai, incorporating superior know-how to teach and interact residents. Digital Infrastructure Showcase The metaverse offers an immersive expertise, showcasing…
In a significant development for the cryptocurrency sector, Ondo Finance has announced a strategic alliance with BitGo, signaling a new era in the custody of digital assets. This partnership will see BitGo extend its custody services to two pivotal Ondo tokens, the Ondo US Dollar Yield (USDY) and the Ondo US Short-Term Government Bond Fund (OUSG), marking a milestone in the secure management of tokenized assets. Revolutionizing Asset Custody with Institutional-Grade Solutions The concept of asset custody is paramount in the cryptocurrency ecosystem, providing a foundational layer of security for institutional and individual investors alike. Ondo Finance, recognizing the critical…
ARK sold 499,149 shares of Coinbase from its three funds. The sale came after Coinbase beat its fourth-quarter earnings expectations, leading to a string of analyst upgrades. ARK Invest sold nearly half a million shares of Coinbase Global (COIN), worth around $90 million, on Friday as the Nasdaq-listing cryptocurrency exchange witnessed a slew of analyst upgrades after its fourth-quarter results beat Wall Street expectations. ARK is one of the largest institutional backers of Coinbase. The Cathie Wood-led investment firm sold 397,924 COIN shares from ARK Innovation ETF (ARKK), 45,433 shares from ARK Next Generation Internet ETF (ARKW), and 55,792 shares…
Bitcoin tends to rally over 30% in eight weeks leading up to the reward halving, according to 10X Research. Bitcoin’s fourth halving is due on April 19. Bitcoin’s monthly RSI has crossed above 80, a threshold that has historically presaged 60-day gains of over 50%. Bitcoin (BTC) has had a stellar few months, with bulls ignoring a resurgent U.S. dollar and Treasury yields to push the leading cryptocurrency to the highest level since late 2021. While a price pullback looks plausible, the broader uptrend looks set to continue, with prices revisiting and potentially surpassing the record high of $69,000 before…
In a recent poll collecting community feedback on their top preferred Ethereum layer two scaling solutions, Polygon has emerged as the probable option among cryptocurrency enthusiasts. The poll was conducted by Crypto analyst “Coin Bureau” on X. Coin Bureau asked the crypto community to pick their favorite Ethereum layer two among a list of four options containing Arbitrum (ARB), Optimism (OP), Polygon (MATIC), and Immutable (IMX). Quick poll: What is your favourite Ethereum L2? — Coin Bureau (@coinbureau) February 18, 2024 The poll ended, attracting 9,306 respondents. Polygon triumphed with a close margin against the first runner-up, Arbitrum. Specifically, 44.1%…
In a surprising turn of events in the NFT marketplace, Pudgy Penguins has momentarily eclipsed the Bored Ape Yacht Club (BAYC) in terms of floor price, highlighting the ever-changing dynamics of digital collectibles. A Momentary Triumph in the NFT Arena The recent data from Parsec Finance revealed that the floor price of Pudgy Penguins soared to 22.2 ETH, surpassing BAYC’s floor price, which dipped to 22.1 ETH. Although the lead was brief, this shift is significant in the NFT community, marking a shift in collector interest and market trends. Daniel Meagaard, an influencer in the NFT space, celebrated this milestone…