Author: NBTC
Following the weekend, the tally of Ordinal inscriptions on the Bitcoin blockchain surpassed 55 million. Notably, on Jan. 13, 2024, the blockchain witnessed its third-highest day of inscriptions, settling an impressive 477,751 inscription-based transactions on Saturday. Additionally, from the inception of the first inscription in December 2022, bitcoin miners have amassed $246 million worth of bitcoin, capitalizing on this growing trend. Miners Net $246 Million From 55 Million Inscriptions From Dec. 28, 2023, to Jan. 12, 2024, the pace of daily Ordinal inscriptions on the Bitcoin blockchain moderately decelerated. However, a surge occurred on Saturday, Jan. 13, marking a record-breaking…
Ethereum (ETH) has consistently grown in adoption, usage, and value over the years. It is the second-largest cryptocurrency by market cap and the leading Web3 and DeFi blockchain. Interestingly, the number of unique addresses in the network is an insightful metric to look at and evidence this growth. For that, Finbold retrieved data from Etherscan on February 7, which shows nearly 257.60 million current unique addresses. In particular, users created nearly 3.54 million new addresses in 2024, from 254.07 million registered on January 1. On average, 2024’s daily increase of Ethereum unique addresses was 95,570, adding 96,145 on February 6…
Venture capital (VC) funds injected $460 million into cryptocurrency startups in January, marking a 13% increase from December’s investments, data from DefiLlama points out. The bulk of the investments, totaling $311 million, targeted startups focused on developing infrastructure for the crypto market. Notably, HashKey secured a $100 million investment from OKX Ventures, intending to use the funds to develop a centralized crypto trading platform. Sygnum also received significant funding, with a $40 million investment aimed at establishing a crypto bank, highlighting the growing interest in infrastructure within the crypto space. Decentralized finance (DeFi) startups were the next major beneficiaries, attracting…
The Ronin Network team has provided an update revealing the blockchain platform’s developer firm Sky Mavis will reduce the total amount of rewards offered to liquidity providers (LPs) on its decentralized exchange platform Katana. In their 2024 Q1 Katana Liquidity Mining Program update, the Ronin team said the adjustment to liquidity rewards available to the community begins a “new era” for RON. The announcement referenced the recent listing of the Ronin (RON) token on the Binance exchange as a factor that has increased visibility and accessibility of Ronin’s native token to millions of users across the world. An increase in…
Cobo, a leading provider of digital asset custody solutions, has recently unveiled its innovative MPC co-managed custody solution tailored specifically for layer 2 bridges. This pioneering solution is designed to address the critical security challenges associated with the movement of funds in and out of Bitcoin Layer 2s (L2s). Thrilled to unveil our MPC co-managed custody solution for Bitcoin Layer 2 bridges!We designed this solution to address the critical security challenges of funds flowing in and out of L2s on BTC.Key features:✅ Built on Cobo’s cutting-edge MPC technology and a 2-of-3… pic.twitter.com/yZcH2hpRTd — Cobo (@Cobo_Global) February 16, 2024 Cobo Drives…
Ethereum has long held the title of premium layer-1 for decentralized finance (DeFi). It’s been the blockchain of choice for smart contract developers of all varieties. Despite Ethereum’s issues with network congestion, security vulnerabilities and the merge to proof-of-stake (PoS), other alternative layer-1s like Solana, Algorand and Tron were unable to overcome Ethereum’s DeFi dominance. However, with continued regulatory enforcements in the US this year changing traditional crypto users’ perspective on the industry, projects are seeking a destination to build upon that might provide more longevity as well as the trustless, secure and decentralized benefits they’ve come to expect from…
Theta Labs and the NHL’s Vegas Golden Knights announced a partnership on Jan. 16 that will introduce new NFT-based fan experiences. Mitch Liu, co-founder and CEO of Theta Labs, said: “The world of sports is evolving, and we are at the forefront of this change with the Vegas Golden Knights. Our vision extends beyond offering unique experiences to broaden the team’s reach … This strategy is transforming the very essence of fan interaction, paving new paths for monetization, and reshaping the global sports landscape.” The remainder of the press release indicates that the Vegas Golden Knights will launch a series…
Ethereum price prediction: Crypto prices are ranging in the leadership of Bitcoin. The largest digital asset is stuck under $43,000 while support at $42,000 holds steady. Ethereum, its counterpart, has historically mirrored BTC’s behavior. With BTC anticipating a move to $44,000, there’s strong conviction ETH could close the week above $2,400 resistance, thus paving the way for another climb to $2,700. Cryptocurrency market caps are also ranging, according to blockchain data and insights shared by Santiment on X. It is evident investors are still withdrawing following the sell-off in January soon after the spot BTC ETFs were approved. Markets currently…
Krissy Meehan (formerly Krissy Mashinsky) and Alex Mashinsky are well-known for their connections to the failed and allegedly fraudulent crypto lender Celsius Network. Less thoroughly investigated, however, has been their role with Strong Blockchain, a brand name used for several different products led by the pair and related to e-commerce marketplace USA Strong. Strong Blockchain is described as a “decentralized, community-driven platform that allows users to verify the authenticity of products made in the USA.” Meehan confidently stated on X (formerly Twitter) that “The verification of Americas [sic] Supply Chain = more jobs & a stronger local economy.” Mashinsky listed…
Major cryptocurrency whales made significant altcoin purchases and sales transactions during the day when the rise continued. A savvy investor known by the short wallet address 0x0a7 recently traded 297,034 MKR tokens worth $611,299 for 215.5 ETH when the MKR price was $2,058. The investor purchased these MKR tokens between December 21, 2023 and January 6, 2024 at an average price of $1,329 and an estimated total cost of $394,741. By switching to ETH, the investor made a profit of $216,558, recording a 54.86% increase in approximately two months of holding. The investor currently holds 217 ETH ($613,284) and 24…