Author: NBTC

DMarket led the non-fungible tokens (NFTs) sales on Tuesday with US$685,764, which is a slight drop from Monday’s US$697,138, according to CryptoSlam data. DMarket is an NFT collection of in-game items for popular online games like Counter-Strike and Dota 2. It rose to the top of the daily NFT sales chart last Wednesday and even topped the entire Ethereum network’s volume on its own on Thursday. Its all-time sales volume now stands at US$486.11 million, which is 14th in the industry. The second-ranking collection for the day was Guild of Guardians Heroes on the Immutable blockchain, with sales reaching US$643,700.…

According to a recent report by the New York Times, Tether co-founder Brock Pierce is currently mired in legal disputes with business partners. The court records obtained by the outlet show that the famous entrepreneur’s efforts to turn Puerto Rico into a crypto mecca were unsuccessful. He is reportedly strapped for cash after being abandoned by business partners. Meanwhile, the locals are dissatisfied with Pierce’s attempts to turn the Caribbean island into his personal playground. Pierce, a former child actor, became wealthy as an early investor in various crypto projects, achieving a net worth of roughly $1 billion. He moved…

Former president Donald Trump is doubling down on his pro-Bitcoin stance, arguing that the USA must lead in Bitcoin and crypto or risk falling behind. Trump has emerged as a vocal Bitcoin advocate while campaigning for the 2024 election. Trump became the first US president to accept Bitcoin lightning payments and oppose central bank digital currencies. On the campaign trail, he has promised to keep regulators away from Bitcoin if elected. Yesterday in Wisconsin, Trump further declared he will “end Joe Biden’s war on crypto” to secure America’s future. He added new comments that “We will ensure that the future…

A crypto revolution is underway in Thailand, bolstered by the country’s strategic location in Southeast Asia, which makes it an appealing destination for crypto companies and investors. Beyond Thailand’s geographical advantage, the current government is adopting friendly policies that offer relative comfort for crypto practitioners, guaranteeing more safety and sustainability, compared to other regions worldwide. Thailand ranks among the world’s top ten most crypto-friendly nations in terms of adoption. It was one of the first nations to regulate the crypto industry, taking a cue from the unfortunate events resulting from the collapse of Luna and Terra in South Korea. The…

Crypto markets continue to grapple with liquidity fragmentation, leading to persistent price discrepancies across exchanges. According to a recent Kaiko report, these disparities are diminishing over time, but they remain prominent on smaller, less liquid exchanges, especially during market events like the recent sell-off seen last week. Price slippage occurs when the expected price of a market order differs from the execution price and is a key liquidity indicator. During the sell-off on Aug. 5, Kaiko calculated that most exchanges showed an increased slippage in their Bitcoin (BTC) orders of $100,000. Notably, the spike was much more pronounced on some…

Cryptocurrency naysayer Peter Schiff recently managed to come up with a reason why Nvidia’s astronomical rise is actually bearish for Bitcoin. Schiff has noted that each graphics processing unit (GPU) produced by Nvidia contains some gold. However, it contains zero sats. The comparison was meant to highlight Bitcoin’s alleged lack of utility. Moreover, Schiff said that Bitcoin actually needs gold due to GPU mining: “Bitcoin needs gold. Gold does not need Bitcoin. Nothing needs Bitcoin,” he said. Gold is a crucial component of GPU microchips alongside some other metals like copper. Despite the high cost of the yellow metal, Nvidia…

Cryptocurrency exchanges started adding Hamster Kombat token to their premarket trading platform. The token of the popular tap-to-earn game Hamster Kombat (HMSTR) has appeared in premarket trading on several exchanges. Thus, crypto exchange Bybit announced on July 8 that it had added the HMSTR token to its premarket trading platform. Users can purchase or sell coins through the order system. At the time of writing, the highest price reached $137, and the lowest was $0.001. In June, the KuCoin cryptocurrency exchange also announced the premarket of the Hamster Kombat coin. Although the start of trading has been postponed several times,…

Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna expects the Biden administration to release a crypto regulation roadmap “in the coming weeks” following recent discussions between the White House and the industry leaders. In an Aug. 12 post on social media platform X, Khanna stated: “I’m hopeful that as a consequence of these meetings, the Administration will issue a positive statement in the coming weeks with a roadmap signaling the path toward reasonable regulation.” He said the new regulations will help companies stay compliant while promoting innovation and job creation in the US. Khanna emphasized the sector’s importance for the…

IceCreamSwap, a popular decentralized exchange that uses trading solutions driven by artificial intelligence, has announced a new partnership. The new collaboration between IceCreamSwap and SwanChain denotes a significant landmark for both entities, targeting improvement in the effectiveness and efficiency of the DeFi operations. The DEX took to its official social media account to offer insights into this endeavor. New Partnership Announcement!We are thrilled to announce our partnership with @swan_chain!SwanChain is an Ethereum Layer2 designed to enhance decentralized computing networks. IceCreamSwap will deploy on SwanChain, offering users more efficient trading opportunities with… pic.twitter.com/wC2GGHA8Xj — IceCreamSwap (@icecream_swap) August 12, 2024 IceCreamSwap and…

US spot Bitcoin ETFs record $152.42M in net outflows on Tuesday. Total trading volume for Bitcoin ETFs reaches $1.7 billion. Bitcoin faces potential 8-12% correction, may drop to $60,000. The U.S. spot Bitcoin exchange-traded funds (ETFs) have seen a notable decline in investor interest, with a recorded $152.42 million in net outflows this past Tuesday. This marks a continued downtrend, being the fourth consecutive day of net outflows. The largest outflow was observed from Fidelity’s FBTC, which saw $83 million leave its coffers, significantly impacting its financial standing. Shift in Market Dynamics Among other notable ETFs, Grayscale’s GBTC reported substantial…