Author: NBTC

This week has witnessed exclusive NFT sales and developments. As per CryptoSlam (a prominent NFT data aggregator), the recent seven days saw Pudgy Penguins as the top NFT collection dominating the market in terms of sales volume. The NFT aggregator disclosed that the famous NFT collection has obtained a lot of attention in the community. CryptoSlam’s List of Top 10 NFTs Based on Sales Witnesses Pudgy Penguins at the Peak CryptoSlam pointed out that Pudgy Penguins saw $3,402,410 worth of sales during the recent seven days. The respective sales denote a 0.62% rise in the meantime. DMarket held the 2nd…

Despite market volatility, Ethereum (ETH) surged 3.1% to over $3,500, showing remarkable resilience. Analysts predict Ethereum could rally to $4,723.5 or higher, with a surge to $6,300 by late July 2024. 4lMt Gox sell offs and German dumping caused turbulence, but the market is recovering. Following a dip in the general crypto market, Ethereum has shown remarkable resilience by regaining footing. The world’s second-largest cryptocurrency by market capitalization has surged by 3.1% in the past 24 hours, bringing its price to just above $3,500. $ETH (Ethereum)’s $4,723.5 target goes UNCHANGED, meaning a near +60% upside from here could still take…

In a significant move within the cryptocurrency and blockchain space, OKX Ventures, the investment arm of the major crypto exchange OKX, has made a notable advance into the burgeoning market of tokenized real-world assets. On July 4, 2024, OKX Ventures announced its strategic investment in Compute Labs, a pioneering enterprise at the forefront of tokenizing enterprise-grade GPUs. This investment marks a crucial step towards integrating high-value computational assets with blockchain technology, offering a novel investment avenue to the public. Compute Labs is not just another startup; it’s a trailblazer in the tokenized asset sector, focusing particularly on high-performance computing power…

In the fast-evolving world of Web3 and cryptocurrency, strategic partnerships are pivotal. One such groundbreaking alliance has been formed between Sidus Heroes, a trailblazer in Web3 gaming, and DWF Labs, a prominent player in high-frequency cryptocurrency trading and investment. This partnership marks a significant chapter in Sidus Heroes’ journey, promising to bolster its development and expand its footprint in the Web3 arena. A Strategic Investment with Far-reaching Implications Sidus Heroes has recently announced receiving strategic investment from DWF Labs. Known for its extensive operations across more than 60 top exchanges where it trades spot and derivatives markets, DWF Labs brings…

Founders: Roy Sheinfeld, Roi Erez and Yaacov Slama Date Founded: 2018 Location of Headquarters: Remote Amount of Bitcoin Held in Treasury: Dozens held in Breez Lightning nodes Number of Employees: 11 Website: https://breez.technology/ Public or Private? Private Roy Sheinfeld says the time for orange pilling is through. Sheinfeld, one of the three founders of Breez, a company that provides a software development kit (SDK) to institutions looking to utilize the Bitcoin Lightning Network, believes that while bringing people into the Bitcoin fold via education has helped broaden the Bitcoin community, it won’t be the driving force in onboarding the next…

Franklin Templeton, a veteran wealth manager with over $1.65 trillion in AUM, shares its bullish take on Ethereum (ETH) as a tech development and economic instrument. Despite savage competition, Ethereum (ETH) remains the backbone of decentralized economy and constantly unlocks new opportunities for the community. “Forefront of Web3 innovation”: Franklin Templeton praises Ethereum Global asset management heavyweight Franklin Templeton released its “Understanding the Value of The Ethereum Network” report covering the tech impact of the second cryptocurrency. It displays the most important features of the Ethereum (ETH) blockchain, its challenges and opportunities. The analysts of the investment giant stressed that…

Nearly half a million tokens were launched on the Solana blockchain in May. The increase in token creation is attributed to lower barriers to entry and increased desire to create a popular memecoin. In May alone, 455,000 tokens were created on Solana, dwarfing the numbers seen on other platforms. In comparison, 177,000 tokens were created on Ethereum layer 2 protocol Base, while 39,000 tokens were created on BNB Chain. The Ethereum mainnet and Layer 2 networks Arbitrum and Optimism each produced less than 20,000 tokens. Austin Federa, director of strategy at the Solana Foundation, attributes this rise to Solana’s unique…

Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the possible outcomes of the war that Paraguay is waging on illegal (and now legal) bitcoin mining operators, and how this might make the country lose millions of dollars as miners seek alternatives in neighboring nations. Paraguay Stands to Lose More Than What It Hopes to Win With Its Current Bitcoin Strategy Paraguay started to be considered an attractive destination for establishing bitcoin mining operations in 2018 with its cheap electricity that mainly comes from hydroelectric…

Following the awakening of numerous dormant bitcoins in March, April was rather uneventful, with just 72 transfers from idle wallets dating between 2010 and 2017. To date, May has seen 32 transfers from vintage wallets, moving about 1,181 more bitcoin in the past two weeks than during the whole month of April. May Outpaces April in Dormant Bitcoin Wallet Awakenings The most recent batch of dormant bitcoin wallet transactions from 2013 has pushed May ahead of April by about 1,181.32 BTC, valued at $74.46 million, in terms of so-called ‘sleeping bitcoin’ activity. This term refers to transactions involving bitcoins that…

A survey by Grayscale and The Harris Poll indicates that US Securities and Exchange Commission (SEC) approval of a spot Ethereum (ETH) exchange-traded funds (ETFs) would likely boost American investment in the digital asset. Though the long-term performance of these ETFs is uncertain, the poll suggests their introduction will significantly advance the crypto market’s maturity and mainstream adoption. Ethereum ETF Will Drive Adoption The poll reveals that nearly one in four likely voters would consider investing in Ethereum if an ETF-based product were approved. This approval would increase their interest in Ethereum and other crypto assets beyond Bitcoin. US Investors…