Author: NBTC

Sales volumes of non-fungible tokens (NFTs) recorded a more than 37% increase to $277 million in the seven-day period ending April 11. Six of the top 10 collections with the largest sales volumes were Bitcoin-based NFTs. Some experts attribute the renewed interest in NFTs to the rise of real-world assets and NFTs with built-in utility. Wash Volumes, Transactions Decrease According to the latest data from Cryptoslam, the seven-day sales volumes of NFTs as of April 11 were $277 million, a more than 37% increase from the sales recorded in the previous period. During this period, the Uncategorized Ordinals compilation led…

While there is much discussion about the broader crypto venture market’s rather sharp decline in 2023, there is little discussion around the growth of the early stage bitcoin-native in the past few years. Many of these startups have been quietly building bitcoin payments infrastructure that has the potential to disrupt the global financial landscape. Today, Trammell Venture Partners, an Austin-based venture capital firm, has announced the second annual results of its proprietary research from 2021 to 2023 on the early growth of the bitcoin-native startup and venture capital ecosystem. TVP launched the venture industry’s first dedicated bitcoin-native fund series in…

Starknet, the leading decentralized finance (DeFi) platform, has announced the launch of the latest version of DAI on Starknet. This significant development brings enhanced functionality and efficiency to DAI users within the Starknet ecosystem. With the new DAI version now live, users can seamlessly transition from the previous iteration to leverage the benefits of the updated token. StarkGate, the platform’s gateway to Starknet, has successfully rolled out the updated DAI token, providing users with the opportunity to swap their existing DAI tokens for the new version. This transition opens up avenues for improved transaction speed, lower fees, and enhanced scalability,…

Following the higher-than-expected inflation data announced yesterday, many companies operating on Wall Street revised their forecasts regarding the FED’s interest rate cuts. While Standard Chartered previously predicted four interest rate cuts, it now expects the FED to cut interest rates by 25 basis points twice this year. The bank also predicts that the Fed will start reducing interest rates in the third quarter of 2024, not in the second quarter as previously predicted. TD Securities also predicts that the FED will make two interest rate cuts this year and the first cut will take place in September. Wells Fargo updated…

Suddenly, crypto gaming handhelds are a thing. Last week, the Bitcoin-centric BitBoy One gaming handheld and hardware wallet was revealed—and that was followed on Wednesday by the announcement of the SuiPlay0x1, a Steam Deck-like portable PC gaming device built for crypto games on Sui and beyond. Add last year’s Solana Saga smartphone to the list—and next year’s “Chapter 2” successor—and you’ve got options if you want a portable device that plays games while also playing nice with crypto. But which is the one for you? Some of these devices aren’t out yet, so we certainly can’t give you a firm…

The cryptocurrency market is experiencing a significant correction that is not stopping. With over $500 million worth of positions liquidated, traders wonder if this signals the end of the recent bull market. A sharp sell-off prevails on the market, as indicated by the high number of liquidations. Within just a 24-hour window, liquidations have mounted, with Bitcoin (BTC) witnessing $107.14 million in liquidations and the total volume of liquidation exceeding $500 million. Bitcoin’s price performance Bitcoin has clearly retreated from recent highs, currently sitting below the $60,000 mark. On the chart, BTC shows it has fallen below the short-term moving…

Decentralized Finance (DeFi) is a big change in the way money works. It uses blockchain to let people who aren’t banks offer financial services. DeFi lets users use many services directly, which could lead to better returns and more power over their money. But because DeFi is so new, there are a lot of risks. Safety checks and due diligence are very important. Investors can tell how safe a DeFi platform is by looking at how its tokens work, how open and dedicated its team is, how it is run by a Decentralized Autonomous Organization (DAO), and the past of…

In light of the latest Producer Price Index (PPI) data in the USA, FED official John Williams made a series of statements regarding the economic outlook and the FED’s future actions. While US Initial Unemployment Claims were announced as 211 thousand, it was below the expectation of 216 thousand and the previous figure of 222 thousand. Core PPI (Annual) for March was 2.4%, slightly above the expectation of 2.3% and significantly above the previous level of 2.0%. Overall US PPI (Annual) for March was 2.1%, below the expectation of 2.2% but above the previous value of 1.6%. Williams emphasized that…

Notcoin’s planned token launch on The Open Network (TON) is just over a week away, and the team behind the viral Telegram-based game has shared some key details about how players’ earned in-game coins will be converted to on-chain tokens. Players racked up trillions upon trillions of in-game coins by tapping their phone screens, but that huge tally was sure to make trading crypto tokens a bit of a headache. The Notcoin team had previously said that it planned to knock off some zeros during the conversion process to make things more manageable once minted, and now we know how…

Russian police have seized over 3,200 crypto mining rigs in raids on four large “illegal” data centers in Siberia. Per the Novosibirsk branch of the Russian power provider Rosseti (via RBC Crypto), police officers have charged the mining center operators with criminal charges. Illegal Crypto Mining ‘Network’ Shut Down in Novosibirsk Rosseti said the centers were operating as part of an interconnected “network.” The firm said miners ran centers located “in different parts” of the city of Novosibirsk. The power firm said it estimated the miners stole a combined total of $2.1 million worth of electricity from the Novosibirsk grid.…