Author: NBTC

Quick Take Data from Glassnode show that Bitcoin (BTC) transaction fees in 2024 have exhibited a general downward trend, but not without intermittent spikes. Contrasting with 2023, the average transaction fees in BTC have escalated, now settling between $1 million to $2 million per day, a marked increase from the previous year’s $500k average. Notably, inscriptions, particularly prevalent from November through December 2023, fueled significant fee spikes, surpassing Ethereum fees for the last two weeks of December and briefly on Feb. 3. However, Ethereum has since retained its dominance. Presently, the average fee per block stands at approximately 0.40 BTC,…

Key Points: Grayscale submitted a revised S-3 statement for Grayscale spot Ethereum ETF following BlackRock’s recent update. The filing details that 0.94552590 Ether is needed for 100 shares, highlighting transparency and institutional demand. On Thursday, Grayscale Investments submitted a revised S-3 registration statement for Grayscale spot Ethereum ETF, just a day after BlackRock updated its S-1 statement and a week after the U.S. Grayscale Spot Ethereum ETF Updated S-3 Form Securities and Exchange Commission (SEC) approved 19b-4 forms for eight Ethereum exchange-traded funds (ETFs). In its latest filing, Grayscale detailed the regulatory treatment of Ether and outlined the specific amount…

DOG•GO•TO•THE•MOON (aka DOG), a Bitcoin meme coin etched via the new Runes protocol, was airdropped to holders of the Runestone Ordinals project on Wednesday, immediately vaulting the newly created coin to the title of the most widely held Runes token to date. Holders of DOG surpassed 74,000 on Wednesday, according to data from minting and etching platform Luminex. It’s by far the Runes token with the most holders since the launch of the Runes protocol last week. Next on the list is RSIC•GENESIS•RUNE, with nearly 22,000 holders. On Wednesday, pseudonymous DOG•GO•TO•THE•MOON c0-creator Leonidas tweeted that 100 billion total dog-themed Runes…

Navigating the regulatory environment of the cryptocurrency industry worldwide can be a daunting task for companies. With high stakes, non-compliance can lead to severe legal ramifications, including potential criminal charges for crypto founders and senior executives. Nicola Massella, a Web3 Lawyer at Storm Partners, shared invaluable insights with BeInCrypto on how crypto companies can avoid compliance pitfalls. Understanding AML Compliance Anti-Money Laundering (AML) standards are critical for the cryptocurrency industry. Massella emphasized that adhering to these standards is not optional. “AML concerns have been at the forefront for regulators since Bitcoin’s early days. Therefore, ahering to AML standards is paramount,”…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

It wasn’t supposed to be possible. Yet, with the advent of Ordinals and BRC-20, the Bitcoin network is seeing an influx of major developments that have unlocked BTCFi — DeFi using Bitcoin as its primary asset. This has brought new capabilities to a network traditionally known for its transactional simplicity, with the total market cap of BRC-20 tokens alone reaching $2.8 billion. From the standpoint of network health, the takeaway from all this is that Ordinals inscriptions, in particular, have contributed over $438 million in fees to miners, which helps secure the Bitcoin network by incentivizing miner participation. Andy Handika…

The price of Ethereum (ETH) is currently in a sideways trend after the uptrend ended on May 21. Price analysis of Ethereum coin by Coinidol.com. Long-term analysis of the Ethereum price: bullish The price of the cryptocurrency was halted at the resistance levels of $3,800 and $3,900. The bullish rise was fended off at the high of $3,900. The largest altcoin declined and found support above the $3,700 support. In other words, Ethereum is trading above the $3,700 support but below the $4,000 level. The current sideways movement is an anticipation of a possible bounce or breakdown. On the upside,…

The creators of Telegram-based game Notcoin currently have their hands full, with millions of users eagerly anticipating the game’s imminent NOT token launch on The Open Network (TON). And yet, the game’s developers already have their sights set on even bigger things: Namely, transforming Notcoin from a viral, coin-tapping sensation into a comprehensive, scaled gaming ecosystem powered by a community of builders. “We want it to become the Netflix of social, viral games,” Open Builders founder Sasha Plotvinov told Decrypt’s GG at Token 2049 in Dubai last week. The Open Builders team was certainly delighted by Notcoin’s overnight—and continued—success. But…

A bevy of celebrity-backed meme coins has captured the crypto zeitgeist recently, but experts say they may be courting bigger legal risks compared to past enforcement actions. The U.S. Securities and Exchange Commission (SEC) has targeted celebrities for promoting cryptocurrencies on social media before—a list that notably includes Kim Kardashian, the celebrity entrepreneur and step-daughter to Caitlyn Jenner. And Jenner this week launched meme coins on Solana and Ethereum bearing the Olympic gold medalist’s name. To the extent that Jenner’s meme coins are unregistered securities, she could face greater legal consequences compared to Kardashian, attorneys specializing in securities laws told…

Shortly after Bitcoin’s 15th “birthday” in January 2024, the digital asset community crossed a long-awaited turning point — the US Securities and Exchange Commission’s approval of 11 spot bitcoin ETFs. To many industry participants, this marked digital assets’ decades-long transformation from a niche curiosity among “cypherpunks” to an alternative asset class garnering serious attention from some of the world’s largest asset managers. The community is now bracing for another major milestone in the coming weeks — the fourth Bitcoin halving. Crypto natives know the drill: The previous three halvings have largely followed a distinct pattern of heightened market activity, causing…