Author: NBTC

Shiba Inu, a renowned cryptocurrency functioning atop the Ethereum blockchain, curated a tidal wave of speculative buzz across the broader crypto market on Saturday as the meme coin jotted a significant surge in its burn rate over the past week. According to the insights unveiled by burn tracker Shibburn, the meme coin’s weekly burn rate surged 160%, with a staggering 102.40 million SHIB destroyed in the last seven days. Meanwhile, even today’s chart showcased a 36.96% upswing in the token’s burn rate. A staggering 1.53 million SHIB destroyed in the past 24 hours appears to have nabbed significant attention globally.…

Whales are stacking up on Bitcoin. This trend is anticipated to not only continue but also become more common, given the increased accessibility of Bitcoin for institutional investors. One pivotal reason for this surge is the release of the Bitcoin ETF, which has streamlined the process of gaining exposure to Bitcoin, making it more appealing and accessible than ever before. The price chart for Bitcoin shows that the cryptocurrency has been maintaining a bullish momentum, which is likely to attract more high-net-worth investors and institutions looking to diversify their portfolios. The price has been respecting the upward trendline, with the…

Derivatives trading protocol Aevo has announced that it is set to launch its native Aevo token. In an announcement published on January 31st, the project revealed that it plans to distribute a portion of the supply to early adopters through an Aevo token airdrop. Today, we are pleased to announce more details about $AEVO, Aevo’s first Farming Program, and Aevo Airdrop. pic.twitter.com/loG8V2ZAya — Aevo (@aevoxyz) January 31, 2024 The protocol is also set to launch a “farming program” in the next few days, with rewards from the program being distributed in the form of Aevo tokens. “We will be airdropping…

NFT sales have experienced a 3.74% increase compared to the previous week, totaling $236,234,800 over the past seven days. The latest rise defies the pattern of consecutive weeks marked by declining NFT sales. NFT Sales Climb Higher, Defying Recent 2-Week Downtrend The top-performing NFT collection in terms of sales this week was Bitcoin’s “Uncategorized Ordinals,” which achieved $12 million in sales, marking a significant 36.90% increase compared to the previous week. Solana’s “Froganas” collection also performed well, accumulating $7.79 million in sales, reflecting a 22.95% gain since the prior week. Meanwhile, Avalanche’s “Dokyo” collection recorded sales amounting to $7.74 million,…

The price of Ethereum (ETH) has risen significantly in the past 24 hours, buoyed by optimism around the possible launch of an ETH-based ETF in the United States. The second-largest cryptocurrency by market cap is keeping up to pace with Bitcoin’s most recent rally. Ethereum surged over 8% in the past 24 hours, slightly ahead of Bitcoin’s 5% gain on the day. While Ether’s recent surge aligns with broader positive market sentiment, the move is also attributable to growing optimism that the U.S. Securities and Exchange Commission (SEC) might eventually approve a spot-based ETF tracking the price of ETH. The…

The Bank of Russia reported that the number of pyramid schemes and illegal lending providers in Russia rose to over 5,700 in 2023, an increase of 15.5% over the number detected in 2022. Specifically, the number of pyramid schemes detected increased by 46%, relying on the Internet and cryptocurrency as tools for promoting and carrying out their operations. Bank of Russia Reports Financial Pyramids Increase The Bank of Russia issued a report on the increase of illegal lending providers and pyramid scheme numbers. Over 5,700 instances of these endeavors were detected, representing an increase of 15.5% compared to 2022. Also,…

As cryptocurrency markets take a breath after another phase of the new bullish rally, the AI coins segment is in the green. One of its veteran coins, AGIX, jumped to levels unseen since mid-April 2023. Cardano’s AI coin AGIX sees double-digit growth In the last 24 hours, the price of SingularityNET (AGIX), a Cardano-associated artificial intelligence (AI) cryptocurrency, soared from $0.37 to $0.42, printing over a 13.5% upsurge. The rally might be catalyzed by a number of community management catalysts within the AGIX ecosystem. Join us at the Beneficial Artificial General Intelligence #BGI24 Summit & Unconference 2024, presented by SingularityNET,…

Bitcoin (BTC), the biggest cryptocurrency by market cap, might be facing a critical situation as it struggles to reclaim the $52,000 level. According to crypto analyst Ali, if BTC fails to break above this level soon, it could trigger an 8% correction that could send its price down to $48,000 or lower at $46,500. According to data from TradingView, BTC has been trading in a narrow range for the past few days, since hitting highs of $52,890 on Feb. 15. If #Bitcoin fails to quickly reclaim the $52,000 level, it might face an 8% correction, potentially dropping to between $48,000…

DWF Labs is a prominent digital asset market maker and Web3 investment firm. It has recently announced an exciting partnership with Ordiswap to pioneer the development of a decentralized finance (DeFi) infrastructure and ecosystem tailored for Bitcoin’s native layer. This partnership advances decentralized finance by changing Bitcoin asset management and transaction execution. We’re excited to partner with @OrdiswapLabs to develop the premiere DeFi infrastructure & ecosystem for #BTC’s native layer 🚀Looking forward to revolutionising assets and redefining transactions with this team 🔥Let’s go 🫡 https://t.co/u7TjGTOdj6 — DWF Labs (@DWFLabs) February 1, 2024 Ordiswap Utilizes DeFi Expertise in Partnership with DWF…

Magic Eden recently launched a cross-chain rewards program that incentivizes the use of its popular NFT marketplace across Solana, Bitcoin, Ethereum, and Polygon, along with opportunities tied to its new multi-chain wallet. Beyond its rewards program, Magic Eden also recently announced that it will open-source its minting and trading protocols in collaboration with a new Non-Fungible DAO. The DAO they’re working with plans on launching a token called “NFT” that will be used to reward traders. According to Magic Eden, the rewards program has been designed to reward NFT traders, collectors, and creators alike. Users on the Magic Eden marketplace…