Author: NBTC

Ethereum reclaimed its position as the top-ranking blockchain in the non-fungible tokens (NFT) market on Wednesday, with daily sales reaching US$17.02 million. The platform saw an increase of 39.19% in sales in the 24 hours to 2 p.m. ET, according to data from CryptoSlam. Ethereum’s all-time sales volume rose to US$43.36 billion, which is the highest in the industry. Ethereum dethroned Bitcoin for the top daily sales spot after the latter had held the position for two days. This marks the second consecutive week where Bitcoin led the market on Monday and Tuesday, only to concede the lead to Ethereum…

Nigerian authorities have reportedly charged Binance with tax evasion, multiple local news outlets reported Monday. The charges come after a tense few weeks between the exchange and the Nigerian government, which ended with two senior executives of the company being detained by authorities. Local media is also reporting that one of the two executives has “escaped” and possibly left the country. Binance, the world’s largest crypto exchange, has been charged with tax evasion by Nigerian authorities as a standoff between the two parties intensified in previous weeks, multiple local media outlets reported Monday, citing a statement from the country’s tax…

Key Takeaways Fees are the silent killer of crypto wealth. They are everywhere, and they eat into your profits. Strategies like choosing low-cost payment methods, trading during low-fee periods, and consolidating transactions can be used to reduce costs. Consider more than just fees when choosing a cryptocurrency exchange. If you’re investing in crypto, there’s a good chance you’re buying bitcoin. However, there’s always a “tax” for directly purchasing bitcoin, in the form of fees. Unfortunately, costs aren’t standard across platforms, so savvy investors will want to shop around to get the best (lowest) fees. Finding a low-fee platform for buying…

In a revolutionary moment for the world of digital communication, today the first email was successfully sent on the Solana blockchain, marking a historic milestone in the evolution of decentralized communication. By leveraging the innovative SolMail protocol, users can now send and receive emails seamlessly using just a wallet address, ushering in a new era of secure and decentralized communication on the Solana network. SolMail: the protocol that allowed the first email to be sent on the Solana blockchain Efficiency in simplicity: SolMail Conclusions SolMail: the protocol that allowed the first email to be sent on the Solana blockchain Solana,…

DeFi yields have exceeded yields from conventional investments like U.S. Treasuries, raising hopes for rekindled interest and maybe another DeFi Summer. MakerDAO’s DAI Savings Rate provides users with a 15% yield, while riskier corners of DeFi can earn 27% through the likes of Ethena Labs. “The bull market saw prices slowly start going up, and now, two months later, it’s completely opposite again, in terms of looking at rates in DeFi and TradFi,” one expert said. Decentralized finance, or DeFi, languished in 2023, one of many hardships the cryptocurrency industry faced. Because the Federal Reserve and other central banks were…

As the cryptocurrency community awaits the final decision in the courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC), the agency has submitted its opening brief regarding institutional XRP sales. Indeed, in line with the previously published schedule, the SEC submitted, “under seal, its opening remedies-related brief and supporting documents” on March 22, according to an X post shared by legal expert and popular commentator on the case, James K. Filan, on March 23. According to the defense attorney and former federal prosecutor, these documents “are not public yet” and the regulator will file…

Yesterday, Amazon announced an initiative that offers a total of $190,000 in prizes for the integration of AI and blockchain. The initiative is by Unstoppable Domains and also involves Amazon Web Services. Get ready!We’re teaming up with @awscloud to host a Web3 and AI Hackathon on @devpost$190,000 is up for grabs in UD and AWS Activate credits for blockchain and AI app developers leveraging Amazon’s Kendra AI, Unstoppable’s Resolution, and Partner APIs. 🧵 pic.twitter.com/80YEzgj0xA — unstoppable.austin (@unstoppableweb) March 25, 2024 Amazon’s involvement in blockchain and AI technology Unstoppable Domains Amazon: The hackathon for the integration of AI and blockchain The…

The growing interest in decentralized finance (DeFi) reflects a market striding towards rationality, efficiency, and increased awareness of risks, and all signs point to a forthcoming bullish summer, marked by renewed confidence and a shift towards safer investment strategies. Once in love with nothing but high yields, investors are now prioritizing security over raw numbers. Data collected by Exponential and published in March, reveals a significant portion of DeFi funds, approximately 75%, are locked in pools offering conservative annual percentage yield (APYs) ranging from 0-5% (as seen below). Such a cautious approach, particularly evident in Ethereum (ETH) staking pools, reflects…

Do Kwon was released from prison in Montenegro on Saturday pending extradition to either the U.S. or South Korea Kwon has missed the start of a civil fraud trial against him and Terraform Labs that kicked off in Manhattan on Monday Terraform Labs co-founder Do Kwon has been released from prison in Montenegro as the Balkan country’s Supreme Court weighs competing extradition requests from the U.S. and South Korea. Both countries want to try Kwon on criminal charges, including fraud, tied to the $40 billion collapse of the Terra ecosystem in May 2022. After the Terra implosion, Kwon spent months…

Crossmint, a Web3 development platform, recently partnered with Astar, a well-known blockchain network, and Hakuhodo KEY3, a forward-thinking initiative, in response to Japan’s corporations’ determination to embrace Web3 solutions. This collaboration aims to leverage the robust developer tools provided by Crossmint and the Astar blockchain to streamline the implementation of Web3 technologies for major Japanese corporations. By doing so, these organizations may potentially achieve significant cost savings in development, amounting to millions of dollars. Notable global brands like Microsoft, Etihad Airways, Johnnie Walker, and AC Milan are among Crossmint’s growing list of customers thanks to the reliability of its Web3…