Author: NBTC

Ethereum’s (ETH) price depends on holding the critical $1,900 level to prevent a potential decline. This level will decide if ETH gains upward momentum or faces further downward pressure. With the market’s current condition, the next moves for the altcoin will hinge on whether it can surpass this key threshold or succumb to a decline. Ethereum Realized Price Breakdown Could Trigger a Drop According to the Market Value to Realized Value (MVRV) pricing bands, which often signal extremes in unrealized profits or losses, Ethereum’s mean Realized Price currently stands at $1,911. This level is critical for the altcoin’s future performance,…

A crypto trader reportedly lost around $1.13 million in funds by investing in Maker ($MKR). He lost this significant amount in less than 50 days. He bought 1,100 $MKR worth $2.91 million at $2,643 on the 17th of July 2024 and sold recently at $1,613, suffering a major loss of $1.13 million. Lookonchain, an on-chain analytics firm, shared the stats through its official X account. Lost $1.13M in less than 50 days!This trader bought 1,100 $MKR($2.91M) at $2,643 on July 27 and deposited it to #Biance at $1,613 5 hours ago to sell, resulting in a $1.13M loss (-40%)!https://t.co/L5iM7RjHRx pic.twitter.com/10OVuGc2ZQ…

Recently, crypto community members unearthed a “prophecy” suggesting XRP could be a valuable investment opportunity. The supposed XRP prophecy came from Kim Clement, an acclaimed prophet and songwriter. According to those sharing the video, Clement originally commented in 2011, which predates even XRP’s existence. Prophecy Says XRP is a Profound and Worthy Investment In the video, Clement revealed that he had a dream in which he saw a symbol or entity starting with an “X” and containing a “P.” He described this vision as “very profound” and implied that the entity was worth investing in. Also, Clement mentioned that this…

CARV, the largest modular data layer for gaming and AI, announces the integration with LayerZero to improve cross-chain data movement in gaming and AI. This collaboration aims to enhance cross-chain communication and smooth movement of data in and out of blockchain networks, thus enhancing Web3. Exciting News! CARV is integrating with @LayerZero_Core to revolutionize cross-chain data mobility in gaming and AI 🌐This integration aims to enhance interoperability and empower seamless data transfers across blockchains, pushing the boundaries of what’s possible in Web3.… pic.twitter.com/OM1SEJHE6b — CARV (@carv_official) September 14, 2024 Empowering Seamless Data Transfers CARV, which specializes in modular data solutions,…

Bitcoin (BTC) has had a pretty rough recent timeline, with its price falling almost 13.9% in the last 24 hours. BTC is currently trading at $52,800, but it briefly dipped as low as $49,000 on the Binance spot market. Such a painful drop is in palpable contrast to the fact that just a week ago the main cryptocurrency was worth over $70,000. Of course, such a catastrophe of price action woke up every cryptocurrency skeptic, with Peter Schiff being the most vocal of them. In a series of posts, the latter emphasized the seriousness of the situation by pointing out…

While the NFT market has lost considerable steam since peaking two years ago, the marketplace Magic Eden has been reaching new heights on its own, according to CEO Jack Lu. “Even though the overall market has been a bit soft, the year has been pretty good for Magic Eden,” he said in an interview with Decrypt (video below). “2024 has actually been our best year ever.” When Magic Eden launched in September 2021, the NFT market saw $4.2 billion in JPEGs trade hands, according to CryptoSlam. At that time, Magic Eden was precluded from some of the NFT market’s buzziest…

Staking has grown in popularity in recent years due to the availability of staking-as-a-service, pooled staking, and the growth of liquid re-staking. As of July 2024, Ethereum’s security budget amounts to a staggering $110 billion worth of ETH, representing roughly 28% of the total ETH supply. There is also a general adoption of staking features within exchanges and financial applications allowing people to allocate their ETH to secure the Ethereum network. Many view staking as a low-risk return on investment, which makes it appealing to ETH holders. Vitalik Buterin, co-founder of Ethereum, holds a portion of his ETH staked, although…

The cryptocurrency market, valued at roughly $2 trillion, has birthed a niche yet crucial service sector: crypto custody. Bloomberg reports this market, currently worth about $300 million, is growing at an estimated 30% annually, catching the attention of traditional financial institutions. Safeguarding digital assets comes at a premium. Hadley Stern, chief commercial officer for Solana custody tool Marinade, told Bloomberg that crypto custody can cost up to ten times more than protecting traditional assets like stocks and bonds. This price tag reflects the unique challenges of securing digital assets in a space notorious for attracting hackers and fraudsters. Despite the…

Sonic Labs partners with Silo Labs to integrate risk-isolated lending markets, enhancing their ecosystem’s security and efficiency. Sonic Labs and Fantom announce a $200 million Innovator Fund to accelerate dApp adoption and blockchain innovation. With their strategic alliance with Silo Labs, Sonic Labs has lately created waves in the crypto space and is expected to greatly improve their product after release. Silo Labs offers a non-custodial loan system known for generating risk-isolated money markets, a crucial capability supporting a variety of crypto assets, including the eagerly awaited S token. Sonic Labs, which formerly was Fantom, is scheduled to move its…

The rapid ascent of tap-to-earn games on Telegram underscores a transformative moment in the Web3 gaming sector. As Telegram’s user base swells to 950 million monthly active users, these games have seized the spotlight, reportedly engaging over 300 million users in a matter of months. This remarkable uptake has effectively dethroned play-to-earn games—the trend popularized by Axie Infinity back in 2021—with notable successes like Catizen, which has already earned approximately $27 million from in-app purchases, and Notcoin, which conducted the largest gaming airdrop of 2024 in May after amassing 35 million players. While tap-to-earn games excel at attracting new users…