Author: NBTC

Demand for NFTs has been growing in recent weeks amid rising cryptocurrency prices, and Monday’s $16 million sale of a CryptoPunk—the fifth-most expensive NFT sale to date—put an exclamation point on that trend. But the top overall NFT marketplace over the last few days isn’t the same one that ruled the pile as recently as mid-February, as the tides of the marketplace wars have shifted yet again. And the latest startup to take the throne can credit Bitcoin Ordinals for much of that shake-up. Magic Eden is now the top marketplace by trading volume, according to blockchain data curated by…

Ethereum, one of the most prominent cryptocurrencies within the digital assets realm, recently gained significant traction across the broader crypto market following a noteworthy transaction on Saturday. According to the on-chain data floating over the crypto horizon, Paradigm, an institutional liquidity network, dumped substantial amounts of ETH to Coinbase, one of the world’s leading crypto exchanges. The dumping of Ethereum to the aforementioned CEX soon nabbed noteworthy attention among crypto market enthusiasts globally as the transaction surfaced within the market amid the token’s price drop. Intriguingly, Ethereum’s price today traded briefly in the green, fueling market optimism. However, with the…

SkyArk Studio, a developer of blockchain-based video games, has secured $15 million from over 40 investors in its latest funding round. In an X announcement on Jan. 12, SkyArk Studio said the funding was led by Binance Labs, with the participation of 40 institutions, including LayerZero CEO Bryan Pellegrino, and Tangent Ventures co-founder Darryl Wang. While the firm did not elaborate on who it plans to use the proceedings from the round, this appears to be the second time Binance backs the video game developer. In late 2021, Binance Labs included the Singapore-based blockchain gaming studio in its incubation program.…

A single crypto whale has gobbled up nearly $53 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December 21st, according to the blockchain tracker Lookonchain. Lookonchain notes that the whale spent 20 million of the stablecoin USDC earlier this week to buy $10 million worth of ETH and $10 million worth of WBTC. USDC is the second-largest stablecoin by market cap and aims to maintain a 1:1 peg to the US dollar. Since December 21st, the whale has purchased a total of 13,843 ETH, at an average price of $2,388, and 461 WBTC at an average price of…

Researchers at Binance say that ordinals could lead to a massive overhaul of the Bitcoin (BTC) ecosystem in the coming years. Bitcoin ordinals allow users to inscribe digital data such as images and videos to a single satoshi, or an individual unit of BTC, to create the equivalent of non-fungible tokens (NFTs) on the crypto king’s network. Since their popularization, ordinals have dominated the fee economy on the Bitcoin blockchain. In a new report, Binance Research says ordinals are driving new developer communities into Bitcoin and bringing new life to an ecosystem that has previously faced uncertainty as to where…

In a significant gust of recent developments, Magic Eden, a renowned decentralized NFT marketplace, garnered noteworthy attention across the global digital assets realm as the sales recorded on the platform hit $50 million, per a post shared by the company’s CEO and co-founder, Jack Lu. This monumental achievement for Magic Eden soon piqued the interest of NFT traders and investors globally as the number of sales registered underscores the community’s optimism orbiting the potential revival of the NFT realm. Amidst the high wave of optimism portrayed by the community, rides another phenomenal event marking the sale of $16 million worth…

Ethereum’s price is currently finding it difficult to rally higher following weeks of aggressively bullish price action. Yet, there are still several support levels nearby that could keep the cryptocurrency from dropping lower. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been on the rise since breaking above the 200-day moving average and the large descending channel. While ETH is still trading above the key $2,000 level, it is going through a consolidation phase below the $2,400 level, failing to climb higher. The Relative Strength Index is also hovering around the 50% level, pointing…

BlackRock Inc (NYSE: BLK) is in focus this morning after announcing plans of buying Global Infrastructure Partners for about $12 billion. Details of BlackRock – GIP agreement The asset manager expects this cash and stock deal to help expand its footprint in infrastructure that Larry Fink – its chief executive sees as “one of the most exciting long-term investment opportunities”. Blackrock coming together with Global Infrastructure Partners creates a “multi-asset class infrastructure investing platform” with more than $150 billion worth of assets under management. That transaction that is yet to secure regulatory approval is expected to complete in the third…

Matthew Sigel, head of digital assets research at Vaneck, revealed that there is speculation around the cause of the latest Solana outage, which stopped its blockchain by five hours. Sigel explained that the bug that created this service interruption was related to the Berkley Packet Filter (BPF) and that it might have been manually triggered. Solana Might Have Been Manually Stopped, Vaneck Exec Speculates Solana, one of the top 5 cryptocurrency projects, might have been stopped manually by unknown actors. Matthew Sigel, head of digital assets research at Vaneck, explained that this bug might have been manually triggered by someone,…

Bitcoin price climbed higher above the $48,000 resistance. BTC tested $48,800 and is currently showing signs of a downside correction. Bitcoin price climbed higher above the $46,500 and $48,000 resistance levels. The price is trading above $47,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $48,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up unless there is a close below the $48,000 support. Bitcoin Price Turns Green Bitcoin price started a major increase above the $45,500 resistance zone. BTC…