Author: NBTC
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. Non-fungible tokens (NFTs) are making (yet another) comeback. Over the last 24 hours, the NFT sales volume went up more than 30% to $50.5 million, according to CryptoSlam. That said, transactions have seen a small drop of less than 0.5%, recording 313,887 at the time of writing. Among the top 5 collections, Saga Monkes has seen the highest…
A giant crypto whale, identified by on-chain analytics firm Spot On Chain as ‘czsamsunsb.eth,’ has offloaded a staggering 33,000 Ethereum (ETH), worth a hefty $75.74 million, onto Binance. The move, observed just as the ETH price experienced a recovery, is raising eyebrows within the crypto community, given the whale’s historical pattern of transferring ETH to Binance before market downturns. Notably, investors and analysts alike are now closely monitoring the situation, anticipating whether this substantial sell-off is an ominous precursor to an imminent crash in the Ethereum market. Whale Moves 33K Ethereum To Binance Spot On Chain’s recent post on the…
In a dynamic week for the digital asset investment landscape, the crypto exchange-traded fund (ETF) market experienced a significant surge, with total inflows reaching an impressive $708 million, reports CoinShares. This boost propelled the year-to-date inflows to a staggering $1.6 billion. Bitcoin, the flagship cryptocurrency, dominated the scene, comprising a substantial 99% of total weekly inflows. The behemoth saw a remarkable $703 million pouring into its investment products, showcasing sustained investor confidence. However, the spotlight also extended to altcoins, particularly XRP and Cardano, which emerged as standout performers in terms of fund flows. XRP-oriented investment products witnessed a notable turnaround,…
Dogecoin, one of the most prominent meme coins across the cryptocurrency landscape, recently birthed a torrent of speculative buzz among crypto market enthusiasts globally following the noting of a colossal whale transfer to a CEX today, February 15. According to the data revealed by the blockchain tracking platform Whale Alert, a staggering 400 Mln DOGE, worth $34.37 million, on the move sparked immense curiosity among crypto market traders and investors as DOGE’s price neared $0.09. Meanwhile, the derivatives data for the meme coin further fell in line with the pump witnessed today, propelling market optimism for the token. The whale…
Cryptocurrency analyst and trader Kevin Svenson is offering his forecast for Bitcoin (BTC) over the coming weeks and months. In a new video, Svenson tells his 72,200 YouTube subscribers that he is maintaining a “bullish bias” on Bitcoin going forward. According to the crypto analyst, Bitcoin will inevitably skyrocket even if a correction occurs over the short to medium term. “Even if we do get rejection during or after the [Bitcoin] halving, ultimately I think it’s just going to lead to a much larger parabolic expansion phase.” The Bitcoin halving is scheduled for mid-April. Kevin Svenson/YouTube According to Svenson, the…
Stani Kulechov is the founder of Aave. He established Aave as one of the pioneering projects in the decentralized finance (DeFi) space. Kulechov’s vision was to create a transparent and open financial ecosystem using blockchain technology, which led to the development of Aave as a decentralized lending platform. His work with Aave has been significant in advancing the DeFi sector and has contributed to the broader adoption of blockchain technology in financial services. Earlier today, Kulechov shared his extensive thoughts on the future of DeFi in 2024. Democratizing Finance Through Ethereum Kulechov began his journey with a passion for democratizing…
Non-fungible tokens (NFTs) have also reported an uptick in movement, amid the positive price swings in the crypto market and the approval of 11 spot Bitcoin exchange-traded funds (ETF), according to DappRadar. “NFT collections have gained increased interest, as the number of new wallets trading and using these assets increased 166%,” the report stated. NFTs and Dapp Industry Surged Last Year According to a recent report, the decentralized application (Dapp) industry saw significant growth in 2023. The firm pointed towards the major uptick in Unique Active Wallets (UAW) rising by 124%, equalling approximately 4.2 million daily UAW by the year-end.…
Ethereum’s Dencun upgrade, spot Ethereum ETFs’ hype, and the Bitcoin halving are three key catalysts that could significantly impact Ethereum’s price trajectory in 2024, crypto analyst Michaël van de Poppe predicted in a recent X post. #Ethereum is still ready for $3,500-4,000 in the coming 3-6 months. – Dencun upgrade -> final testnet February 7th.– Ethereum Spot ETF hype.– Bitcoin rotation after halving towards the rest of the ecosystem. pic.twitter.com/bs3W5WomMi — Michaël van de Poppe (@CryptoMichNL) January 31, 2024 Poppe pointed to Ethereum’s Dencun upgrade as the first catalyst. The upgrade is expected to significantly boost the network’s transaction processing…
Sumit Gupta, CEO and Co-Founder of CoinDCX, a prominent Indian crypto exchange, recently expressed optimism for crypto tax reform in India. Despite no immediate relief in the Interim Budget for high TDS and crypto tax rates, Gupta remains hopeful for positive changes in the final budget after the elections. CoinDCX CEO Holds Up The ‘Reduce Crypto Tax’ Trend In a recent post on X, Gupta highlighted the challenges posed by the current crypto tax rate of 30% and 1% TDS. The CoinDCX CEO added the ‘ReduceCryptoTax’ hashtag to his post to keep the trend alive. Moreover, he emphasized the potential…
A prominent XRP community figure has shown that XRP’s market cap could increase by $5 billion every day if it captured the $500 million net inflow that the BlackRock IBIT ETF recorded on Feb. 13. XRP’s performance has not been particularly satisfactory to members of its community, leading to concerns and investor angst. Chad Steingraber, a veteran Game Designer and notable member of the XRP community, recently discussed one of the reasons behind the underperformance. XRP Products See $500K Inflows in 4 Weeks Yesterday Steingraber called attention to the funds flowing into XRP-based investment products over the past four weeks,…