Author: NBTC
As Bitcoin makes its way through the erratic waves of the cryptocurrency market, crypto analysts are still bullish about the asset, predicting BTC to reach unprecedented heights in the long run. Bitcoin To Reach $500,000 In The Long-Term Bitcoin is currently in the spotlight as crypto expert Michael Van De Poppe has shared a bold prediction regarding BTC’s future with the community on the social media platform X (formerly Twitter). According to Poppe, Bitcoin is presently experiencing an “overly bullish sentiment” from market participants within the cryptocurrency space. Due to this, he claims that there is “a likelihood” for the…
The total value locked (TVL) on the Ethereum layer-two blockchain Manta Pacific has risen to $1.75 billion following a token airdrop. The amount locked makes up almost 8% of the $21.42 billion in funds on Ethereum layer-two networks. The amount locked on the network exceeded the amount on Coinbase’s Base network in mid-January, making Manta Pacific the third-largest Ethereum rollup. How Manta TVL Grew to $1.7B The surge in TVL can be attributed to an increase in the amount of natively bridged MANTA tokens. The project airdropped 50,000,000 MANTA last week, which helped drive the token’s share of TVL up…
Digital art company Art Blocks has acquired NFT marketplace Sansa, as part of a “strategic move” to broaden its ecosystem and establish a “home for generative art.” ““I have been wanting to see Art Blocks lean into the breadth of what has been released on the platform for a long time,” Art Blocks founder and CEO Erick Calderon said in a statement accompanying the announcement. “We’re going to broaden the ways that creators can release within the Art Blocks ecosystem as well as bring collector’s collections home to a more cohesive experience.” He added that, “We were born out of…
Ethereum, the second-largest cryptocurrency by market capitalization, has surpassed a new staking milestone. According to on-chain analytics firm IntoTheBlock, the Ethereum staking participation rate has risen above 25%. The Ethereum staking participation rate is a reliable indicator of how many users are participating in securing the Ethereum network in exchange for a reward. An increase in this rate indicates increased interest in the Ethereum blockchain and faith in its proof-of-stake consensus mechanism. The Ethereum staking participation rate is now >25%. pic.twitter.com/RuQZ4qq0Wc — IntoTheBlock (@intotheblock) February 12, 2024 Currently, the total ETH staked, which refers to the cumulative amount of ETH…
Farcaster emerges as the leading decentralized social media, commanding attention with its revenue surpassing the $600,000 milestone. The big question is if Farcaster can sustain itself and keep users engaged. Such challenges caused the downfall of Friend.Tech. Farcaster’s Daily Revenue Declines 76% Farcaster’s journey began with a modest uptick in user engagement in early December 2023, marked by an increase in platform storage payments. Consequently, this initial interest ballooned into a significant influx of users, posts, and daily interactions by late January, peaking in early February. The platform’s daily revenue reached a high of $49,725 on February 2, only to…
XRP has the potential to clinch a $23.64 price target at a market cap of $1.29 trillion if it could record $500 million daily ETF inflows consistently for a year. The XRP community has persistently pushed to see the launch of a spot-based XRP ETF in the United States market. These calls intensified amid the sustained discussions around spot Bitcoin ETF products, which launched last month. Now, with the continued inflows into spot Bitcoin ETFs and the visible impact on Bitcoin’s price, conversations surrounding spot XRP ETF products have emerged. Professional game developer Chad Steingraber reignited these discussions amid a…
Bitcoin, the enigmatic cryptocurrency known for its volatile price swings and digital gold status, is making a surprising play for a new title: sustainability champion. A recent analysis by Bitcoin environmental impact expert Daniel Batten reveals a remarkable surge in renewable energy use for mining, reaching a staggering 55%. This marks a significant shift from just four years ago, when the figure languished below 40%, and paints a picture of an industry undergoing a green metamorphosis. From Carbon Culprit To Clean Crusader? Bitcoin’s mining process, essential for creating new coins, has historically been a lightning rod for environmental criticism. The…
In the last 37 days, the newly introduced nine spot bitcoin exchange-traded funds (ETFs) have rapidly accumulated a remarkable total of 264,232.74 bitcoin, now valued at $13.5 billion based on the current exchange rates. Leading the pack, Blackrock’s IBIT ETF holds a substantial 43% of this total, with 115,989.80 bitcoins in its coffers. $13.5B in Bitcoin Secured by Nine New ETFs, Grayscale’s GBTC Offloads $8.26B Over a span of just over five weeks, these spot bitcoin ETFs have significantly increased their holdings in the leading cryptocurrency, bitcoin (BTC). Since Jan. 11, these nine ETFs have collectively amassed about 264,232.74 BTC,…
Crypto insurance protocol Nexus Mutual’s builders have requested $153,500 in NXM tokens to fund the next six months of operations. Most of the funds are earmarked for salaries, with the rest going toward travel, infrastructure for the project’s Discord server and R&D, according to a blog post. Nexus Mutual is an Ethereum-based insurance alternative that offers coverage for loss of crypto funds using assets supplied by its members, who earn interest for carrying the risk. The funding request is a 41% decrease from the project’s previous team budget. Much of the drop can be attributed to nearly $100,000 in unspent…
CorgiAI, a rapidly expanding community-driven memecoin initiative, has introduced a revolutionary AI text-to-image NFT generator known as Corgi Cre8r. This unveiling follows a remarkable 1,959% increase in the value of the CorgiAI token, which is tied to artificial intelligence. This surge propelled it to become the third-highest performing cryptocurrency in 2023 and secured its position as one of the top 4 memecoins worldwide. CorgiAI leverages AI technology to elevate user interactions within the cryptocurrency realm. Originally introduced on Cronos and subsequently extended to Ethereum and Solana, CorgiAI has gained acclaim for its inventive approach and active community involvement, earning a…