Author: NBTC

Recent update on the Shibburn transaction tracker shows a positive shift in the SHIB burn rate. The aforementioned metric staged a rise despite the SHIB price bouncing back after the overnight increase. Some members of the SHIB community are asking questions about whether the transition to automated SHIB burns is still on agenda. SHIB burns rise almost 128% but questions rise According to the aforementioned data source, over the span of the last 24 hours, the SHIB burn rate has increased by 127.41%. In the course of three transactions, a total of 17,393,421 SHIB have been burned. Almost all of…

Bitcoin ETF approval stood as a landmark decision for the digital asset world. Since its debut, Bitcoin ETFs have garnered a lot of attention and have seen inflows stabilize slowly. According to a Bloomberg report, the ETF launch has now been termed “successful” as the trading has now surpassed multiple records. Bitcoin ETF was deemed successful with the inaugural month According to Bloomberg, both ETF insiders and cryptocurrency supporters agree that a month after their launch, Bitcoin ETFs are demonstrating unquestionable success on important trading metrics. The report adds that after around 21 trading days, the funds have received net…

A previously inactive Ethereum address holding a substantial amount of ETH has suddenly become active. According to Whale Alert, a service that tracks large cryptocurrency transactions, this pre-mine Ethereum address, containing 200 ETH (equivalent to $506,140), has shown activity after lying dormant for over eight and a half years. Other recent transfers Often, the activation of long-dormant cryptocurrency addresses stirs speculation and interest within the crypto industry. Such movements are typically linked to early adopters or investors who had mined or purchased cryptocurrencies like Ethereum during their initial phases. The recent activation of this address is not an isolated incident.…

Root Protocol, a digital identity service aiming to unify access to Web3 platforms, has raised $10 million across two seed rounds. The funding rounds, which gave Root a $100 million valuation, were led by Animoca Brands and included contributions from a slew of other notable investors, including Signum Capital, Ankr Network, CMS Holdings and angel investors Tekin Salimi and Meltem Demirors. Root Protocol is building a Web3 operating system that will serve as a digital identity aggregator, becoming “a one-stop station for all things decentralized identity” to make accessing different Web3 platforms a more seamless process, according to an emailed…

STRK airdrop has made a comeback with Voyager, a Starknet blockchain explorer, releasing its data dashboard. In a post on social media platform X, the block explorer made the STRK airdrop data dashboard page available, indicating that the airdrop is almost here. Voyager’s STRK Airdrop to happen soon The STRK airdrop data dashboard page was made public by Starknet blockchain explorer Voyager. The web page now indicates that the airdrop will be soon announced, sparking positive hopes among users. However, it did not disclose details about an expected date or timeline, keeping the trajectory speculative. By fostering trust and community…

Bitcoin (BTC) has crossed the $50,000 threshold, the highest level since 2021, causing an upheaval in the market and drawing the interest of investors worldwide. This rise is attributable to large money inflows into Bitcoin ETFs, a bullish options market, and supportive trends in the futures market. At press time, BTC was trading at $49,763, up 3.40% from the intra-day low. Concurrently, the market capitalization and 24-hour trading volume surged by 3.37% and 53.93% respectively to $975,622,225,763 and $31,647,716,268. BTC/USD 1-day price chart Bitcoin ETF Inflows Boost Confidence The main force that propelled Bitcoin to go beyond the $50K is…

As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. NFT Sales Surge Past $412 Million in Weekly Market Triumph Data gathered by Cryptoslam.io this weekend reveals that NFT sales over the last seven days amounted to $412,384,130, marking a 35.14% uptick from the sales figures of the previous week. Among the 21 different blockchains analyzed for NFT sales volumes, Bitcoin was…

Ethereum price prediction: ETH has recently outperformed Bitcoin, marking a significant 14% increase within a fortnight. The cryptocurrency recently surpassed the $2,500 mark, a first since May 2022. This breakthrough, fueled by robust fundamentals and growing optimistic market sentiment, sets the stage for Ethereum’s potential climb to the $3,400 level. Ethereum’s Bullish Trajectory and Market Optimism After reaching a multi-week high near $2,716, Ethereum price experienced a slight correction, dipping below $2,600 and $2,550. Despite this, the overall momentum remains bullish. Last week’s ETF approval contributed to a surge in Ethereum’s price, maintaining it above the $2,500 threshold. This upward…

While spot ETF approvals and the expected Bitcoin halving continue to be the focus of 2024, there is also talk of when the FED will cut interest rates. At this point, while the market expects the FED to cut interest rates in March, not everyone has the same opinion. Because one of them was BlackRock. Speaking to Bloomberg, BlackRock senior macro investment strategist Laura Cooper said that they do not expect the FED to cut interest rates in the next few months. Stating that the FED will not start interest rate cuts in March at this point, Cooper said that…

CEO Andy Schectman sees XRP’s low value as a chance for significant wealth growth. Schectman urges adapting to economic shifts like dollarization by incorporating assets like XRP. The CEO advises structuring investments like XRP in the top 10% of speculative assets for wealth building. In a recent podcast conversation with Versan Aljarrah, founder of Black Swan Capitalist, Andy Schectman, the CEO of Miles Franklin Precious Metals Investments, voiced an optimistic stance on XRP, highlighting its potential to offer individuals a rare opportunity for lifelong wealth accumulation. Schectman’s enthusiasm stems from XRP’s current market value, which he perceives as exceptionally low,…