Author: NBTC
The short-lived reign of Bitcoin as the leading NFT platform came to an end this month, with Ethereum reclaiming the top spot as NFT sales on the Bitcoin network plummeted over 60% compared to December’s record highs. Data from NFT analytics platform CryptoSlam reveals a stark reversal in fortunes. After surpassing Ethereum in December with $881 million worth of NFT sales, Bitcoin’s January volume has sunk to $314 million as of two days before month-end. Meanwhile, Ethereum has maintained a steadier pace, registering $328 million in sales over the past 28 days. Bitcoin NFT Loses Its Appeal This shift can…
Skybridge Capital CEO Anthony Scaramucci recently predicted that Bitcoin will hit $170,000. Shedding more light on this prediction, Scaramucci stated when this will happen and why he believes this price level is very attainable. When Bitcoin’s Price Will Hit $170,000 In an interview with Scott Melker, Scaramucci stated that Bitcoin’s price will hit $170,000 after the Bitcoin Halving. Specifically, he hinted that the crypto token was going to rise to this price level 18 months after the Halving event. The Skybridge Capital CEO further explained what he was basing his prediction on. Scaramucci mentioned that his prediction was based on…
Bitcoin is currently up by 2.90% in the last 24 hours, trading at $43,377.62 while the article is being drafted. The jump has sparked interest and optimism among crypto enthusiasts. Most of the analysts have come forward to say that more ups are on the way, quoting the possibility of a new ATH valuation. For reference, BTC was earlier being traded at a mark of less than $40,000. It has been less than 10 days, and many investors are beginning to see results for their investments. Bitcoin Boom or Bubble? $220k by Year-End? Analysts now speculate that the token could…
Invesco Galaxy has lessened its Bitcoin ETF fee under the moniker BTCO and is awaiting six months of earning its initial $5 billion in the form of assets, whichever comes first. The present rating of the fee is 0.25%, similar to BlackRock, Valkyrie, VanEck, and Fidelity. It has been lowered from 0.39%. Prior to the SEC giving its consent, the suppliers concentrated on the aspect of the fees to move away from the crowd. The Bitcoin ETF belonging to Franklin Templeton, trading in the name of EZBC, charges the least amount of fee amongst the group, standing at 0.39%. This…
With permissionless, censorship-resistant, and fixed compatibility with over twenty chains, LayerZero V2 is currently live. V2 includes several premium features, including universal messaging. This will enable relaying any type of message accumulated between nodes, including tokens, arbitrary data, and calls and functions from the outside. When selecting from a security stack for authenticating cross-chain messages, there is the modular safety factor, which grants developers the ability to select their preferred combination of over 20 decentralized verifier networks (DVNs). Furthermore, the permissionless implementation of an executor within V2 enables any user to operate it. Unified semantics enable developers to construct applications…
Bitcoin is back above $43,000 just days after making a swift recovery from below $40,000 to $42,000. This trend reversal is believed to be due to a number of recent developments that have painted a bullish narrative for the flagship crypto token. The Grayscale Effect Is Wearing Off Bloomberg analyst James Seyffart recently highlighted how BlackRock’s Spot Bitcoin ETF, IBIT, went toe-to-toe with Grayscale’s GBTC on Day 12 of trading in terms of trading volume. This happened to be the closest that IBIT or any Spot Bitcoin ETF had come close to GBTC, which holds the “liquidity crown.” This represents…
The Ethereum Foundation’s network developers recently unveiled a major announcement regarding the deployment schedule for the highly anticipated Dencun upgrade on the Sepolia and Holesky test nets. The upgrade will enable additional functionalities on the Sepolia and Holesky test nets and pave the way for the successful deployment of Dencun; consequently, this significant milestone generated considerable speculation. It is noteworthy to remark that the preliminary trials were conducted on Goerli on January 17. Before the official release and announcement of roadmap, Dencun must be implemented into the initial testnet to validate its robustness and guarantee a smooth transition to a…
Theta Network has sparked excitement in its native community. It has laid down the roadmap for 2024, with Edge Cloud at its center. The hybrid cloud computing platform has taken inspiration from the collaboration between the Network and Google, bringing out the best of Cloud and Edge architecture. The roadmap has been drawn in two parts: H1 and H2. H1-2024 covers the first release of EdgeCloud with four crucial developments. Hosting nodes that are managed by Theta, introducing the Elite+ Booster feature for EEN, hosting popular models including, but not limited to, gen-AI and language, and enabling virtual management coupled…
Crypto analyst and long-term crypto investor Jelle has highlighted an interesting historical pattern that suggests that February could be bullish for Bitcoin. This would no doubt be a relief for BTC investors who have to deal with a bearish January for the flagship crypto token. Why February Could Be Bullish For Bitcoin Jelle stated in an X (formerly Twitter) post that “February should be strong” for Bitcoin “if history keeps repeating itself.” The history which he alludes to is the pattern where February turns out to be a green month for Bitcoin after it has seen a bearish January and had…
Bitcoin has generated an annual return on investment of more than 150%. It is expected only to rise, especially since its ETF has been approved. A total of 11 applications have made their way into the market, allowing traders to diversify their portfolios. Udomsak Rakwongwan, a researcher from Kasetsart University, has backed the token by saying that 2024 should offer it some growth. Udomsak is also the founder of FWX, a decentralized DeFi platform. They have based their statement on the assumption that many Bitcoin enthusiasts believe in the future bull run. The market cap of Bitcoin has fallen to…