Author: NBTC
Between May 10 and May 17, non-fungible token (NFT) sales totaled $150.56 million, marking an 8.97% decline from the previous week’s figures. NFT sales have consistently decreased on a weekly basis, as four out of the top five blockchains by sales volume experienced reductions during this period. NFT Market Sees Consistent Decline In February, from Feb. 17 to Feb. 24, NFT sales reached $306 million. Although cryptocurrency prices climbed in March, NFT sales experienced a decline, with April figures equally underwhelming. May follows this trend, as last week’s digital collectible sales dropped by 13%, and this week saw a further…
The rise in Bitcoin and altcoins in recent hours has mobilized whales. At this point, Lookonchain stated that a Bitcoin wallet that has been dormant for 10.3 years has become active. Bitcoin Whale Awakened From Its 10-Year Sleep! Accordingly, a wallet that had been dormant for 10.3 years transferred all 687.33 Bitcoins worth $43.94 million. This whale bought BTCs for $630,000 on January 12, 2014, when they were $917. Apart from the BTC whale, a whale that was very successful in PEPE investments also made purchases again. Accordingly, this whale spent 1.26 million USDC to purchase 142.96B PEPE at $0.000008831.…
B² Network and Merlin Chain, two leading Bitcoin Layer 2 solutions, have entered into a strategic partnership to bolster the security and liquidity of the ecosystem. This collaboration is set to play a pivotal role in ensuring the long-term success of BTC Layer 2s, a critical component of the ongoing bull market cycle. Excited to announce our partnership with @bsquarednetwork, which unites Bitcoin builders in enhancing and prospering the Bitcoin ecosystem. As pioneers in the Bitcoin Layer2 space, Merlin Chain and B² Network share a deep commitment to expanding Bitcoin’s utility while preserving… https://t.co/uCLSLEFDUc pic.twitter.com/3LfvcsmaCe — Merlin Chain (@MerlinLayer2) May…
SATOSHI’S THOUGHT PROCESS Have you ever wondered what it must have been like for Satoshi Nakamoto back in 2008 when he published the Bitcoin Whitepaper? Spending countless hours in solitude, meticulously writing the code that would bring the world its first-ever successful attempt at creating a truly decentralized monetary network, the first of which our species has ever had the privilege of experiencing. The pseudonymous creator’s thought process is one we can’t picture – laying out Bitcoin’s framework and ironing out the innovation that is the network’s distributed ledger, the complex mining process that secures it. And then, one of…
Shiba Inu team member Lucie has issued a call to the crypto community: it is time to pay close attention to SHIB and BTC. This statement comes as both cryptocurrencies exhibit signs of a price rebound, igniting discussions and speculation among investors and enthusiasts alike. Pay attention $SHIB 🫱🏻🫲🏼 #BTC pic.twitter.com/V29MrpO6UB — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) May 6, 2024 Shiba Inu (SHIB) has seen a significant uptick in its value. Following its rebound from lows of $0.00002 on May 1, Shiba Inu has steadily ticked higher and is on track to mark five of six days in gains taken from…
Two years have passed since Dubai unveiled its initiative in the digital asset sector – the establishment of the Dubai Virtual Assets Regulatory Authority (VARA), the world’s first regulator dedicated exclusively to virtual assets. Recently, I had the privilege of sitting down with Deepa Raja Carbon, the Managing Director and Vice Chairperson at VARA, who led the establishment initiative. Our conversation focused on evaluating the steps taken by VARA in regards to the digital assets space, critiquing the effectiveness of the current regulatory landscape, and strategizing the best path forward for crypto businesses aiming to secure their regulatory licenses in…
AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, sparking worries within the cryptocurrency community about network security. This series of blocks confirmed 20,686 transactions, resulting in over 23 BTC, valued at approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904, lasting one hour and 38 minutes. Large mining pools #AntPool and Foundry #USA now control over 50% of Bitcoin’s hash rate, raising concerns about potential #centralization and 51% attacks.This centralization trend, driven by economies of scale, allows these pools to censor transactions, as seen with #F2Pool’s… pic.twitter.com/xHQj4TzlcX —…
The Depository Trust and Clearing Corporation (DTCC), the world’s largest securities settlement system, completed a pilot project with blockchain oracle Chainlink (LINK) and multiple major U.S. financial institutions, aiming to help accelerate the tokenization of funds, according to a Thursday report published by DTCC. The purpose of project called Smart NAV was to establish a standardized process to bring and disseminate net asset value (NAV) data of funds across virtually any private or public blockchains using Chainlink’s interoperability protocol CCIP. Market participants included American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust,…
Memecoins have recently been endeavoring to get back the attention while the crypto market is experiencing recovery. Lookonchain, a prominent blockchain analytics platform, has highlighted a crypto address that made a significant profit in after purchasing several meme tokens. On its official account on X, the analytics forum provided the details of the respective event. Is it profitable to trade #MEMEcoins like buying lottery tickets?topcaller.sol has bought 5,417 #MEMEcoins since April 9, investing an average of 0.215 $SOL each.7 of the #MEMEcoins had an ROI of over 1000%, with a total profit of 290 $SOL.The win rate for his #MEMEcoin……
Former President Donald Trump has been dubbed “America’s first crypto president” ever since his first year in office in 2017, according to Chris Giancarlo, a former CFTC commissioner. This designation came about when his administration approved the introduction of Bitcoin futures contracts, he said. Giancarlo, speaking at a Washington DC crypto policy event on Wednesday, highlighted Trump’s supposedly long-standing reputation in the crypto industry, Fox Business reported. The ex-official’s comments come after Trump last week pledged to end cryptocurrency hostility if re-elected. “In addition to announcing he’s now ‘good with it’ — crypto, that is — Trump may justifiably claim…