Author: NBTC
Bitcoin (BTC) has garnered unprecedented attention from the crypto community recently, more so than is typically the case. The world’s foremost cryptocurrency recently saw the approval of the very first spot BTC exchange-traded funds (ETFs) in January, has been leading a multi-stage crypto market rally since October 2023, and is bound for its halving event in two months’ time. On top of these, the last few weeks saw Bitcoin surge and, despite a brief decline in the wake of the latest CPI report, cross above $1 trillion in market cap and above $52,000 per coin. Such a sudden rise caused…
PANDORA, the first token to use the Ethereum ERC-404 token standard, is on the move after slowing down for a few weeks. The token’s price saw a significant surge over the weekend, rising around 50% to clear $24,000 once more. This recovery was triggered by a number of factors, so here they are. Whales Set Their Sights On PANDORA The most obvious reason behind the price push recorded for PANDORA over the weekend can be traced back to significant whale activity. On-chain data tracking website Lookonchain, flagged a number of whale transactions that took place in the days leading up…
A reference to an NFT marketplace might not stand out in a game like OpenSeason. After all, the Fortnite-like battle royale shooter is drenched in colorful crypto memes, including a Pepe-themed amusement park plus Bored Apes and Milady avatars running around. But when the “tribute” in question is the flaming wreckage of a ship next to a dock labeled “OpenSea”—and you consider the game’s title—then it’s bound to grab attention. And it’s personal, too. The burning effigy to OpenSea, first shared via Twitter this month, is game developer Fractional Uprising Studios’ winking response to an enforcement action taken by the…
Standard Chartered Bank reportedly has predicted that the U.S. Securities and Exchange Commission (SEC) will approve spot Ethereum exchange-traded funds (ETFs) by May 23, 2024. Standard Chartered Bank, a British multinational banking and financial services company, has a significant presence in global markets. Founded in 1969 through a merger of two banks, the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China, it boasts a rich history dating back to the mid-19th century. The bank operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000…
DZ Bank, Germany’s second-largest bank, plans to roll out a cryptocurrency trading pilot later this year, Bloomberg reported. Board member Souad Benkredda told Bloomberg the bank, the central institution for some 700 cooperative lenders, wants to list a variety of cryptocurrencies and that the offering will be for customers who can invest “without advice.” “According to a study by the Genoverband, every second bank wants to offer this solution for their customers,” Benkredda said. “Ultimately, each institute makes the decision independently.” Genoverband is an auditing and consulting association for more than 2,500 cooperative organizations. The Frankfurt-based bank, which has $627…
Amid an exceptionally bullish period for the majority of assets in the cryptocurrency sector, Bitcoin (BTC) is performing particularly well, as it has already surpassed a price mark at $52,000, and its amount on crypto exchanges suggest more gains in the future. As it happens, the amount of Bitcoin held in crypto wallets on known digital asset exchanges has dropped to its lowest level in six years, according to the recent information shared by renowned crypto trading analyst Ali Martinez in an X post published on February 14. Specifically, as per the chart patterns analyzed by the crypto expert, this…
Non-fungible tokens (NFTs) on popular crypto blockchain networks, such as Ethereum (ETH), Solana (SOL), and Arbitrum (ARB), have recorded staggering gains within the past 24 hours. Statistics from market tracker Crypto Slam have confirmed a resurging interest in NFTs. According to Crypto Slam data, genuine NFT sales volume on the Ethereum network grew by 1.26% to $17,373,122, with 9,359 buyers involved in the transactions. On the other hand, counterfeit NFT sales volume dropped by 30.7% to $6,086,428. Cumulatively, the Ethereum blockchain saw a total NFT trading volume of over $23.45 million within the past day. On the seven-day scale, the…
Ethereum’s Nethermind client software saw a bug that pulled validators offline for four hours last week, raising concerns in the Ethereum community about client centralization. Ethereum clients are software that enable users to interact with the blockchain, allowing them to send transactions and run smart contracts, for example. When a minority client shuts down, the penalty often involves losing ether. However, in this case, Nethermind going offline has also sparked similar concerns around what would happen if Geth, Ethereum’s most popular execution client, failed as well. Read more: Coinbase confronts client diversity risk following Nethermind bug Last week, it was…
Smart contract-based decentralized finance markets could be worth trillions of dollars in the next few years, according to investment firm Ark Invest. The findings are part of its latest in-depth research report into the crypto industry. In its “Big Ideas 2024” annual research report, Ark Invest predicted that smart contracts could generate over $450 billion in fees annually by 2030. This could create over $5 trillion in market value for smart contract platforms. This would occur if crypto and blockchain adoption follows an internet-like trajectory, it stated. Smart Contract Growth Projections In the aftermath of the 2022 crypto contagion crisis,…
With the price movement of Bitcoin becoming less volatile and the markets becoming unstable once more, some people think a crash is imminent for BTC, while some believe and anticipate a potential for further upward surge. New All-Time High For Bitcoin Is Within An Arms Reach In a recent development on the social media platform X (formerly Twitter), Cryptocurrency analyst and investor, Crypto Jelle, has shared a bold prediction regarding Bitcoin – the leading crypto asset. The crypto expert’s analysis came in light of the bearish speculations within the community around the price action of BTC. According to him, many…