Author: NBTC

Bitcoin (BTC) has had a pretty rough recent timeline, with its price falling almost 13.9% in the last 24 hours. BTC is currently trading at $52,800, but it briefly dipped as low as $49,000 on the Binance spot market. Such a painful drop is in palpable contrast to the fact that just a week ago the main cryptocurrency was worth over $70,000. Of course, such a catastrophe of price action woke up every cryptocurrency skeptic, with Peter Schiff being the most vocal of them. In a series of posts, the latter emphasized the seriousness of the situation by pointing out…

While the NFT market has lost considerable steam since peaking two years ago, the marketplace Magic Eden has been reaching new heights on its own, according to CEO Jack Lu. “Even though the overall market has been a bit soft, the year has been pretty good for Magic Eden,” he said in an interview with Decrypt (video below). “2024 has actually been our best year ever.” When Magic Eden launched in September 2021, the NFT market saw $4.2 billion in JPEGs trade hands, according to CryptoSlam. At that time, Magic Eden was precluded from some of the NFT market’s buzziest…

Staking has grown in popularity in recent years due to the availability of staking-as-a-service, pooled staking, and the growth of liquid re-staking. As of July 2024, Ethereum’s security budget amounts to a staggering $110 billion worth of ETH, representing roughly 28% of the total ETH supply. There is also a general adoption of staking features within exchanges and financial applications allowing people to allocate their ETH to secure the Ethereum network. Many view staking as a low-risk return on investment, which makes it appealing to ETH holders. Vitalik Buterin, co-founder of Ethereum, holds a portion of his ETH staked, although…

The cryptocurrency market, valued at roughly $2 trillion, has birthed a niche yet crucial service sector: crypto custody. Bloomberg reports this market, currently worth about $300 million, is growing at an estimated 30% annually, catching the attention of traditional financial institutions. Safeguarding digital assets comes at a premium. Hadley Stern, chief commercial officer for Solana custody tool Marinade, told Bloomberg that crypto custody can cost up to ten times more than protecting traditional assets like stocks and bonds. This price tag reflects the unique challenges of securing digital assets in a space notorious for attracting hackers and fraudsters. Despite the…

Sonic Labs partners with Silo Labs to integrate risk-isolated lending markets, enhancing their ecosystem’s security and efficiency. Sonic Labs and Fantom announce a $200 million Innovator Fund to accelerate dApp adoption and blockchain innovation. With their strategic alliance with Silo Labs, Sonic Labs has lately created waves in the crypto space and is expected to greatly improve their product after release. Silo Labs offers a non-custodial loan system known for generating risk-isolated money markets, a crucial capability supporting a variety of crypto assets, including the eagerly awaited S token. Sonic Labs, which formerly was Fantom, is scheduled to move its…

The rapid ascent of tap-to-earn games on Telegram underscores a transformative moment in the Web3 gaming sector. As Telegram’s user base swells to 950 million monthly active users, these games have seized the spotlight, reportedly engaging over 300 million users in a matter of months. This remarkable uptake has effectively dethroned play-to-earn games—the trend popularized by Axie Infinity back in 2021—with notable successes like Catizen, which has already earned approximately $27 million from in-app purchases, and Notcoin, which conducted the largest gaming airdrop of 2024 in May after amassing 35 million players. While tap-to-earn games excel at attracting new users…

Movement Labs is a startup project that raised $38 million in Series A funding earlier this year and its Layer 2 blockchain called Movement has recently gained global attention. The two founders, Rushi Manche and Cooper Scanlon used to be the students of Vanderbilt University. They first met in college, where they recognized each other’s fascination with blockchain technology and quickly bonded, dreaming of building a business together, which led them to drop out of college in 2022 and found the company. Even though the mainnet hasn’t launched yet, Movement is attracting market interest for three main reasons: First, they…

Tech mogul and the world’s richest entrepreneur Elon Musk has taken to his official account of the X social media platform to share a meme with the X community and crypto fans. Prominent cryptocurrency trader Willy Woo made a comment which aroused the crypto community’s curiosity – he assumed that Musk is buying Bitcoin. “Elon Musk is stacking Bitcoin”: Willy Woo Elon Musk published a meme about which says: “Hard times create strong men. Strong men create good times. Good times create weak men. Weak men create hard times.” “You are here”, an added text says, pointing at the “weak…

Metalpha had dumped another 22,000 ETH worth $51.16 million to Binance. Ethereum price could soar to the $2,570 and $2,800 levels if it closes a four-hour candle above the $2,400 level. ETH’s Long/Short ratio currently stands at 1.067 in a four-hour time frame, indicating bullish market sentiment. In the ongoing choppy cryptocurrency market, Metalpha, a giant asset management firm based in Hong Kong, is gaining significant attention from crypto enthusiasts due to its continuous Ethereum (ETH) dump. On September 11, 2024, the on-chain analytic firm TheDataNerd made a post on X (previously Twitter) that Metalpha had dumped another 22,000 ETH…

What should you consider when weighing the options between investing in crypto ETFs versus the mature gold ETF market? Table of Contents Crypto ETFs put up a fight What are crypto ETFs? Pros and cons of crypto ETFs How to pick a crypto ETF The road ahead Crypto ETFs put up a fight 2024 marks a key milestone in the crypto world with the launch of the first spot Bitcoin (BTC) ETFs on Jan. 10, followed closely by the debut of spot Ethereum (ETH) ETFs on Jul. 23. These launches, coming after years of struggles and numerous rejected applications, have…