Last week, sales of digital collectibles reached $304 million, with a significant increase in collections based on Ethereum’s non-fungible tokens (NFTs). According to data tracker CryptoSlam, the sales volume of Ethereum NFTs reached $201 million on December 21, a 76% week-on-week rise. Over the past seven days, this accounts for 66% of the total volume of NFT sales. Sales of Solana-based collections came to $29 million, and Bitcoin-based NFTs reached $40 million. Mythos Chain, Immutable, Polygon, and BNB Chain transactions totaled $25.9 million each week. Digital collections had their lowest monthly sales volume since 2021 in September, but this week’s…
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In a series of non-fungible token (NFT) rug pulls, two 23-year-olds from California allegedly. Deceived investors of more than $22 million in Crypto assets. Detained in Los Angeles, they now face fraud charges. Gabriel Hay and Gavin Mayo were each charged with one count of conspiracy to commit wire fraud. Two counts of wire fraud, and one count of stalking, according to a news release from the United States Department of Justice’s Office of Public Affairs. The two purportedly endorsed and promoted the projects, claiming to have made promotional efforts to support Charged $22M NFT digital asset ventures. According to…
Lightchain AI (LCAI) is becoming a major player in the decentralized finance (DeFi) industry as a result of the ongoing convergence of blockchain technology with artificial intelligence (AI). Of course! The presale price of Lightchain AI is $0.03. This currency brings together state-of-the-art blockchain technology and sophisticated AI, resulting in practical applications and groundbreaking ideas. Combining a clear proof of intelligence consensus mechanism and a solid roadmap makes DeFi appealing to professionals. Given the constant fluctuations in the cryptocurrency market, Lightchain AI is an additional token worth monitoring. Lightchain AI Changes DeFi with AI and PoI By combining AI with…
December 2024 is full of opportunities like any other year in the Bitcoin world. Changes to blockchain technology alter our perspectives on data, innovation, and money weekly. Despite Qubetics’ recent arrival, established projects such as AAVE and Cardano continue to excel. Investors looking to purchase the top cryptocurrency this week are increasingly favouring Qubetics. It is more than just another blockchain startup; it is a revolution thanks to its record-breaking $7.4 million presale and creative focus on quick cross-border transactions. At the same time, anyone taking Crypto seriously should invest in Cardano and AAVE, respectively, because of their strategic intentions…
For the first time since the first week of November—coincidentally, just before Donald Trump’s US election victory—the daily chart for Bitcoin has shown three consecutive red candles. When three or more red candles appear on the daily chart, Bitcoin often retests the 50-day exponential moving average level. Since its all-time high, the price of Bitcoin has fallen by more than 15%. One analyst has speculated that the worst of the slump may be behind the biggest cryptocurrency. Bitcoin Downturn Traders Forecast Reversal An independent crypto trader named Captain Faibik predicted that Bitcoin’s downturn was coming to an end on December…
Hartmann Capital’s founder, Felix Hartmann, predicts that most altcoins will remain downward until the end of January 2025. In a post on December 10th, Hartmann predicted that most adults would either slow bleed or consolidate for two to six weeks, though a few may keep functioning temporarily. Many adults simply topped after two or three moves a week, so there isn’t much alpha in chasing them here. Crypto Market Dips as Traders Eye Long Positions It seems like a good time to bring long bias back,” Hartmann added, “though I expected slightly lower levels on some alts. He continued by…
The “Semantic Web,” also known as the “Decentralized Web,” is poised to revolutionize the internet landscape. It embodies the next stage of the internet’s growth, moving away from the user-driven, centralized Web 2.0 and toward a more decentralized, transparent, and user-empowered network. The technical foundation of Web 3.0 can be intimidating for newbies. To help you understand what makes Web 3.0 special, this article gives a basic overview of its main features and concepts. Introduction to Web 3.0 Web 3.0 is the next iteration of the internet, and it brings with it the promise of more advanced data management and…
The $2 million seed fundraising round puts DeFi.app’s token valuation at $100 million, marking a major development in the decentralized finance (DeFi) field. This significant funding milestone demonstrates the growing confidence of investors in the sector and is a strong testament to the platform’s creative approach to decentralized finance services. The Growth of DeFi.app By providing straightforward services in areas like token exchanging and portfolio management, among others, DeFi.app has swiftly gained traction since its launch to reimagine user interaction with decentralized financial instruments. A larger trend in the DeFi ecosystem is the increased interest from investors in projects with…
Digital currencies like Bitcoin and Ethereum have seen significant drops since the Bitcoin meltdown, but blockchain, the technology that supports them, is still a hotly debated and important subject. Blockchain technology is vital for the future of many businesses, according to computer scientists and IT experts, and it still has enormous promise, even though the market is volatile. Despite difficulties in the crypto sector, blockchain remains an important technology for many non-crypto applications due to its decentralized, secure, and transparent data management. The Resilience of Blockchain Blockchain technology, which first appeared in 2008 with Bitcoin, is a distributed ledger that…
Though it has maintained its position as the market leader for quite some time, Bitcoin’s influence is beginning to fade. More and more cryptocurrencies are gaining traction in the blockchain environment, which is positive news for investors. There are several altcoins that newcomers to the cryptocurrency market should think about adding to their portfolios. See the top 10 Beginner Altcoins cryptocurrencies here. Ethereum (ETH) Ethereum is the second-largest cryptocurrency in terms of market value, and it is well-known for its potential in the realm of smart contracts. We anticipate that Ethereum 2.0’s shift to a proof-of-stake paradigm will enhance its…