Author: NBTC
The Association of SMEs of the City of Torrevieja (Apymeco) is teaming up with Bitnovo Pay, a leading cryptocurrency payment solution to boost the development of the crypto industry in the province of Alicante, Spain. The organizations will work together to introduce a digital transformation project based on the use of cryptocurrencies as a means of payment in the city. The main goal of this initiative will be to provide the residents and guests of Torrevieja a unique experience with the creation of the first-of-kind crypto ecosystem with implementation of modern technologies. Emphasis will be on expanding trade opportunities, promoting…
The crypto sentiment seems to have flipped bullish after last year’s gains, and one MakerDAO data point may suggest that optimistic leveraged bets are making a comeback. The data point in question is MakerDAO’s revenue matrix and the fact that crypto-backed loans are now the DeFi protocol’s biggest revenue contributor above Maker’s much-vaunted real-world asset (RWA) vault. There and Back Again: DeFi-native Loans DeFi-native loans now make up 50.1% of MakerDAO’s projected $243 million annual revenue, according to data from crypto-native financial reporting and analytics firm Steakhouse Financial’s MakerDAO dashboard on Dune. Crypto-backed lending now stands at $2.4 billion for…
The interest in NFTs has cooled since its peak in 2021 and 2022, with a volume shrink and fewer projects surging in the market. Nevertheless, Bitcoin (BTC) and Solana (SOL) surged as the preferred home of new NFT deployments. In particular, three out of every four NFT launches in 2023 happened either on Bitcoin or Solana. The former captivated enthusiasts through the Ordinals Inscriptions but also raised controversy in the Bitcoin community. Notably, Bitcoin NFTs are unique because the media is actually stored in the blockchain instead of centralized databases. Most NFT blockchains are simply a hash ID pegged to…
Ethereum price gained traction and climbed above $2,400. ETH is now showing bullish signs and might extend gains toward the $2,550 level. Ethereum is gaining bullish momentum above the $2,380 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair might correct lower, but the bulls could be active near the $2,400 support zone. Ethereum Price Gains Strength Ethereum price remained strong above the $2,250 level. ETH started another increase like Bitcoin and…
The Ukrainian parliament has passed the first reading of a bill to tighten mobilization rules and force people to war. If approved, these rules will allow the government to freeze bank accounts and people’s assets when caught dodging the draft. Ukraine proposed this draft bill on January 31 due to a plummet in the number of volunteer soldiers. Reuters reported the amended draft bill on the occasion and this most recent update on February 7. Notably, these tighter rules will affect Ukrainians living abroad, preventing them from accessing consular services with outdated military registration. The bill also proposes to lower…
Manta Network has surpassed the Base Network to become Ethereum’s fourth largest Layer 2 solution. According to the L2Beat platform, $858 million has already been locked in smart contracts on the new Manta Network blockchain. The surge in interest in the network was likely caused by the launch of the bridge and a potential airdrop for Manta users. Source: L2Beat Mainnet was launched on Sep. 10, 2023. The network’s TVL began to increase in mid-December. According to L2Beat, $858 million is locked in the network’s smart contracts, almost $101 million more than Base’s $757 million. However, Manta’s market share is…
The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum’s sales amounted to $106 million, overtaking Bitcoin’s $70 million in sales over the same seven-day period. Ethereum Leads in Weekly NFT Sales, Outperforming Bitcoin as Digital Collectibles Market Experiences Overall Decline Sales of non-fungible tokens (NFTs) have seen a 5.05% decrease from the previous week, yet there’s been an 82.40% rise in buyers and a 77.46% increase in sellers. Recently, Bitcoin had been…
Crypto financial services platform Matrixport has made another bullish prediction for the Bitcoin price. This time, they predicted that Bitcoin would rise to $63,000, including when the flagship crypto token hits this target. Matrixport had previously predicted that BTC would rise to $50,000 by the end of January, although that didn’t happen. Bitcoin Will Rise to $63,000 By March! Matrixport mentioned in their latest report that BTC will rise to $63,000 by March this year. Although this price level seems ambitious, the crypto platform noted that it is achievable with certain factors in mind. One includes the Spot Bitcoin ETFs,…
The Ethereum staking narrative and momentum have continued to strengthen despite relatively lackluster price action for the underlying asset. As a result, the amount of ETH staked is now a quarter of the circulating supply. On February 8, liquid staking platform Lido shared the data that 25% of the entire supply of Ethereum has been staked. Ethereum Staking Milestone While the figures vary slightly depending on the analytics platform, most signal that Ethereum staking has hit this milestone. Lido sourced a Dune Analytics screenshot claiming that 25% of the ETH supply is now staked. According to the platform, just over…
Only 7% of the survey participants see blockchain as an influential technology, falling from 25% in 2022. 61% of the participants expect AI and machine learning to shape the future of trading in the next three years. Traders see inflation, the U.S. election, and recession risk as the top three catalysts that will impact the broader market this year. Banking giant JPMorgan’s survey found that 78% of institutional traders aren’t planning to trade cryptocurrencies in the next five years, and just a small group sees blockchain/distributed ledger technology (DLT) as the most influential technology in shaping the future of trading…