Author: NBTC

Despite a significant drop in sales volume during the second quarter of 2024, Web3 experts are optimistic about the NFT market‘s potential resurgence. According to CryptoSlam data, NFT sales fell by 45% compared to the first quarter of the year. However, professionals in the field believe that the market can recover and even surpass its previous highs. Contents hide 1 What is Happening in the NFT Market? 2 Notable Statements from Industry Leaders 3 Key Takeaways What is Happening in the NFT Market? The last quarter of 2023 saw a decline in momentum for Solana-based collections and Bitcoin Ordinals. Nonetheless,…

On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act. According to a police spokesman, some of Williams’ alleged crimes involve the use of cryptocurrency for fraudulent activities. Specifically, he operated an exchange platform that purchased the stablecoin USDT and bitcoin using the naira, which violates the country’s laws. Self-Proclaimed Billionaire Faces Terrorism Funding Charges According to local reports, Nigerian police have arrested the self-proclaimed crypto billionaire Linus Williams on…

Despite recent takeover attempts and staff changes, analysts at H.C. Wainwright believe that Bitfarms’ future is bright. On Wednesday, Bitcoin mining company Bitfarms hosted a virtual fireside chat featuring newly appointed CEO Ben Gagnon and CFO Jeff Lucas. This event marked Mr. Gagnon’s first public appearance since taking on the CEO role. The discussion covered key topics, including the company’s strategic direction, expansion plans, and management’s perspective on the valuation disconnect with the company’s fundamentals. Analysts at H.C. Wainwright believe the company is making good progress toward achieving its hash rate goals. Bitfarms (BITF) is exploring both organic and inorganic…

MoonPay is excited to announce the achievement of SOC 2 Type 2 certification, a globally recognized benchmark in information security management.—SOC 2 Type 2, part of the AICPA’s Service Organization Control reports, is designed to help organizations manage and protect sensitive information. Unlike SOC 2 Type 1, which assesses security at a single point in time, SOC 2 Type 2 evaluates effectiveness over a period of 3-12 months. This comprehensive assessment covers not just security, but also availability, processing integrity, confidentiality, and privacy, demonstrating a long-term commitment to safeguarding data.“With the SOC 2 Type 2 certification, MoonPay will continue to…

Bitcoin struggled amid recent Mt. Gox repayments and market trends, but the bearish behavior shouldn’t be interpreted as unfavorable. Last week, Bitcoin (BTC) concluded the week at approximately $55,850, marking an 11% drop from the prior week’s closing price of $62,775. The week saw signficant selling pressure, with BTC dipping to as low as $53,500 on Thursday before rebounding to $58,250 and finally settling at $55,850. BTC Spot ETFs recorded $238 million in net inflows during the downturn. Cumulative trading volume since inception stands at around $315 billion, showcasing a decline in trading activity. This aligns with typical market behavior,…

Demand for yield is growing as central bank interest rates remain at stubbornly high levels. In the United States, the Federal Reserve has left interest rates at a 23-year high of between 5.25% and 5.50%. While rates in most countries have started falling, they remain at an elevated level compared to where we were in the pandemic. All this means that investors can allocate cash to risk-free assets like government bonds to generate a return. Financial services companies have also created active funds that focus on yields. We have written about covered call ETFs like the JPMorgan Premium Equity (JEPI),…

Retired securities lawyer Marc Fagel dismisses speculations that the U.S. SEC could agree to settle its multi-year lawsuit with Ripple during its upcoming Sunshine Act meeting. For context, rumors have been spreading in the XRP community that the SEC might discuss a settlement with Ripple during its upcoming closed-door meeting. Top SEC commissioners and officials will attend the meeting, which is scheduled for 2 PM (ET) on July 18. Potential SEC v. Ripple Settlement According to the Sunshine Act notice, the SEC officials will focus on four major agendas, including settlement of administrative proceedings and injunctive actions, as well as…

A dormant Bitcoin address containing 48 BTC, valued at $2.57 million, was activated today after 13 years of inactivity, reports Whale Alert. This address originally received these coins when Bitcoin was priced at just $13.7 per BTC, representing an astonishing 400,179% gain. The reactivation of long-dormant addresses usually causes bearish sentiment among market participants. It often suggests that holders are preparing to liquidate their assets, potentially flooding the market with significant amounts of Bitcoin and increasing selling pressure. This month has seen a trend of decades-old wallets reawakening, with today’s event being part of a broader pattern. Recently, U.Today reported…

Real-World Asset (RWA) credit protocol Zivoe has announced that it will launch on July 31, 2024. The launch will be a major step in utilizing blockchain technology to democratize access to credit. It is also a major milestone in Zivoe’s quest to bridge the gap between decentralized finance (DeFi) and the traditional financial (TradFi) sector. Revolutionizing Credit Access Zivoe is poised to disrupt the multi-billion dollar high-interest consumer lending market. By connecting global DeFi liquidity to private credit markets, Zivoe aims to channel much-needed capital into underserved areas, making credit more accessible and affordable for everyone. Additionally, Zivoe seeks to…

Fantom (FTM) Foundation announced that it has established a strategic partnership with Google Cloud. The collaboration aims to launch a series of initiatives that encourage and empower developers to build next-generation decentralized applications (dApps) on Fantom. According to the official announcement published by the altcoin developers, the partnership will benefit from Google Cloud’s secure, scalable and flexible infrastructure, as well as advanced artificial intelligence capabilities. In addition, Google Cloud will contribute to scaling and securing Fantom’s Opera network by operating an authenticator. The company plans to bring this validator to Fantom’s new cryptocurrency network, Sonic, in the future. Michael Kong,…