Author: NBTC
Filecoin recently shared its Q1 2024 report with the general public. The report showcased an overview of the network’s performance this year. According to the report, Filecoin’s storage market has grown remarkably in 2024. Its active deals have gone up 9% in the Quarter-on-Quarter analysis. Its utilization increased from 18% in 2023 Q4 to 23% in 2024 Q1. However, its storage capacity has dropped 14% based on the quarter-on-quarter analysis. Before the end of the latest quarter, Filecoin managed to onboard 2,000 clients. Of these, 508 have onboarded the large datasets (more than 1,000 TiB.) The number has also surged…
While Bitcoin, the leading cryptocurrency, was preparing for the halving event that will take place hours later, there were sharp declines last week. While these sharp declines and outflows in ETFs have partially overshadowed the sentiment towards the halving, the bullish expectation for the post-halving is that Bitcoin will exceed the highest level of the 2021 cycle even before the halving, reaching its all-time high above $ 73,000 in mid-March and attracting both institutional and institutional investors. It continues to be fueled by the increasing interest of individual investors. Speaking to The Block, Coincover Strategy Head Duncan Ash stated that…
In a candid tweet Thursday, DeGods and y00ts NFT project founder Rohun Vora (aka Frank DeGods) took a critical look at his previous decisions, especially those made during tumultuous times for the well-known collections. His reflection sheds light on the pressures of community expectations and being a founder. “I used to try to move mountains to appease the community in times of chaos,” he began. “Every single time it’s backfired.” Throughout the years as the leader of DeGods, he has made many decisions to try and please his holders and keep the buzz going. For example, the team went through…
Widely followed cryptocurrency analyst Benjamin Cowen is warning that the price of Ethereum (ETH) could depreciate drastically. Cowen tells his 801,000 YouTube subscribers that Ethereum has fallen below the Bull Market Support Band (BMSB), an indicator consisting of a 20-week simple moving average and a 20-week exponential moving average used to determine whether the price of an asset is in bullish or bearish territory. “The last time that Ethereum fell below its Bull Market Support Band was actually about 30 weeks ago. Or the last time it was below its 20-week simple moving average was about 30 weeks ago. So…
New York-based hedge fund Renaissance Technologies went in big on GameStop before this week’s crazy rally, acquiring over 1 million shares in the game store franchise as of March 2024, according to documents filed with the U.S. Securities and Exchange Commission. In the first quarter filing, Renaissance Technologies—an algorithm-based investment firm—said it held 1,004,958 shares of GameStop, valued at $12,582 at the time. GameStop (GME) has risen sharply in the last 72 hours since the apparent return of fabled trader Keith Gill, aka “Roaring Kitty,” sent traders into a frenzy. On Tuesday, the price of GameStop’s stock surged 130% to…
Web3 infrastructure platform Astar Network, with its origins in Japan and recent global expansion, is proud to announce the launch of the TGE Catalyst Grant in stablecoins. This program will help emerging tokens on the Astar zkEVM platform through the pre-token generation event (TGE) phase. This initiative offers a comprehensive assistance system to companies wanting to establish services on the blockchain, with the goal of breaking records for token launches inside the Ethereum Layer-2 ecosystem. Apply here. With the support of key partnerships with prominent CEXs like HTX, Gate.io, Bitget, MEXC, and Poloniex, the TGE Catalyst Grant expedites the listing…
The halving of the bitcoin block reward isn’t the only thing happening on Bitcoin block #840,000 in the early hours of April 20. The event will also mark the launch of Runes, a new standard for fungible tokens issued directly on Bitcoin. Casey Rodarmor, the creator of Ordinals, developed Runes as an alternative to BRC-20, the first bitcoin fungible token system built on Ordinal inscriptions. Bitcoin was not designed to support such tokens, and BRC-20s only work with help from off-chain indexers that read the data inscribed, a suave way of saying “written to” individual satoshis — rather like shoving…
Solayer, a startup building a product akin to EigenLayer on Solana, opened restaking deposits Thursday afternoon. The invite-only deposit period was capped at $20 million dollars. Users could natively restake SOL on Solayer, or deposit the liquid staking products mSOL, bSOL, JITOSOL, and INF. With the private access launch, Solayer becomes a horse in the race to build a restaking ecosystem on the Solana blockchain. Few Solana restaking protocols have gone live, with the exception of Picasso, which runs its own version of Solana restaking. Read more: Robinhood enables Solana staking for customers in Europe Perhaps in a testament to…
A customer sued Dolce & Gabbana USA on Thursday, claiming the NFTs they purchased lost 97% in value due to the company’s bungled delivery. Bloomberg reported Friday that the Italian fashion house sold the NFTs on Ethereum, promising “a slate of digital, physical and experiential benefits.” It reportedly told consumers that buying its DGFamily NFTs would unlock access to various digital rewards, physical products, and exclusive events. The lawsuit further alleges that Dolce & Gabbana failed to deliver the NFTs and promised benefits on time. The digital outfits, which arrived 20 days late, “could be used only in a metaverse…
Recently 21Shares, a leading company in the issuance of ETPs linked to crypto, analyzed the impact of the technical improvements that will be made by the upcoming Pectra update to the Ethereum blockchain, scheduled for Q4 2024/Q1 2025. On paper, Pectra should bring greater efficiency to the capital locked in staking and greater flexibility in terms of transaction management. In particular, the EIP-7702, recently proposed by Vitalik Buterin, if included in Pectra (replacing EIP 3074) could provide new smart contract functionalities to users’ EOA wallets adding very interesting features.Let’s see what it’s all about. 21Shares: the largest ETP manager studies…