Author: NBTC
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…
Ether may be the only digital asset other than bitcoin to get spot ETF approval in the U.S. There is a 50% chance of ETF approval by May. Dencun, the Ethereum blockchain’s upgrade due in March, will slash transaction costs. Bitcoin’s (BTC) recent rally has been driven by the spectacular introduction of exchange-traded funds (ETF). It may be time to now focus on ether (ETH), the second-largest cryptocurrency, broker Bernstein said in a research report on Monday. Ether is “probably the only other digital asset likely to get a spot ETF approval by the SEC,” the report said. Bernstein says…
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that, in addition to allowing users to maintain control over their KYC data, the application of zk proofs enables defi platforms to meet regulatory requirements without compromising user data. Privacy Versus Compliance Although many regulators have yet to standardize their stance on regulating the defi space, Tlupova predicts it will not be long before they begin demanding user…
Crypto Fund Trader, a prop trading firm offering services with cryptocurrencies, has become the latest to confirm the cessation of its services on MetaTrader 5 for US-based clients. However, the accounts of its US clients would still be active, and they would be “able to purchase evaluations on [the] CFT Platform.” “To protect our users and to anticipate possible circumstances due to the current news about prop firms and to keep our Full License of MetaQuotes, we will temporarily block purchases coming from the US on MetaTrader 5,” the company wrote in a notice published yesterday (Sunday). 📢AnnouncementTo protect our…
According to the latest news, it has been discovered that the United Kingdom (UK) has entered the top 3 of the largest Bitcoin holders. However, these are not public or state investments in Bitcoin, but seizures of BTC by law enforcement and the state judiciary. However, these are BTC that are usually then sold at auction, as soon as possible, so it is not just temporary control of seized assets, but actual possession. Latest news: The seizure in UK makes him one of the largest Bitcoin holders The largest Bitcoin holding countries The value and impact on price Latest news:…
Cardano founder and former Ethereum co-founder, mathematician Charles HOSKINSON boosted the overall bullish sentiment on Cardano (ADA) with a recent tweet. Hoskinson responded to a tweet from a Cardano enthusiast about the expected increase in the Cardano treasury. X user and Cardano enthusiast @StakeWithPride posted a post stating that he expects Cardano’s treasury to increase to $4.5 bln in fiat the next time ADA hits the $3 high. The last time ADA reached this all-time high was in late August 2021, and back then the Treasury held approximately $1.7 bln in ADA. Cardano is a “decentralized network state that funds…
As the entire cryptocurrency market is currently experiencing a notable upward trajectory, several market analysts are anticipating more gains for Bitcoin, the leading cryptocurrency asset, as they predict the token’s price to go even higher. Historical Trend That Will Send Bitcoin To $60,000 Crypto Jelle, a cryptocurrency analyst and investor, has expressed his optimism toward Bitcoin’s price action. Jelle recently shared a positive prediction for BTC in the near future on the social media platform X (formerly Twitter). The expert’s projections delve into the present price movement of Bitcoin and its potential to increase even further. He highlighted a trend…
Arcade, the Ethereum-based DeFi protocol for NFT lending, will launch the next airdrop of its native ARCD token next week, the company has announced. On February 21, bundles of 750 ARCD tokens will be airdropped to 4,000 lucky holders of select NFT and Bitcoin Ordinals collections frequently used as loan collateral on Arcade. Some 2,000 wallets holding Ethereum-based NFTs Pudgy Penguins, Lil Pudgys, and Sappy Seals will be randomly selected for the airdrop’s allowlist. Another 2,000 wallets holding either Solana-based Mad Lads and Tensorians NFTs, or Bitcoin-inscribed Ordinal collections Bitcoin Puppets, NodeMonkes, and RSIC, will also be selected at random…
The world’s second-largest cryptocurrency Ethereum (ETH) has given a strong run-up above $2,900 gaining 4% in the last 24 hours. Since the beginning of 2024, the Ethereum price is up by 24% so far, as the altcoin gears up for a further rally to $4,000. Ethereum Whale Accumulation The major reason behind today’s Ethereum price rally is the strong whale accumulation. According to Lookonchain, an Ethereum whale initiated a series of transactions, beginning with the withdrawal of 100 million USDT from the popular exchange Binance. Subsequently, the investor allocated 60 million USDT to purchase 21,353 ETH at an average price…
Decentralized finance is a game that anyone can play. Hosted on a level playing field, it’s a sport that doesn’t discriminate. Rich or poor, professional or amateur, consumer or institution: It makes no difference. Given the rich opportunities available within DeFi — attractive yields, liquidity, global accessibility and round-the-clock availability — it’s worth pondering what’s preventing bigger fish from entering. Particularly those with the technical means and the money to extract the most value out of decentralized finance — institutions. What’s keeping TradFi away? In the wake of the first bitcoin ETF, institutional interest in crypto is riding high. Major…