PRESS RELEASE. Dubai, UAE (March 1, 2024) – The ftNFT Annual International Awards celebrated the 2024 ceremony on February 27 at Dubai’s iconic Armani restaurant, unveiling this year’s winners. The event, known for its exclusivity and commitment to advancing the NFT and blockchain sectors, assembled premier talents and groundbreaking projects. These awards spanned a variety […] Source CryptoX Portal
The provisions from the 2023 act that will come into force shortly include the civil recovery regime for crypto plus the crypto asset confiscation orders that allow authorities to take crypto-related items, defined as “an item of property that is, or that contains or gives access to information that is likely to assist in the seizure … of any crypto asset,” the legislation said. Source
Adam Cochran, a partner and professor, is bullish about OP, the native token of Optimism, the layer-2 scaling solution for Ethereum. Taking to X, Cochran is convinced OP is undervalued, pointing to the significance of Coinbase and the brand it has created over the years as a crypto exchange and investor in multiple products. In 2023, Coinbase backed the development of Base, a layer-2 scaling solution for Ethereum that uses Optimism infrastructure for its optimistic roll-up. OP Will Rocket Because Of CoinBase And Base In coming up with this assessment, the investor…
What’s causing the extreme greed in Bitcoin investors in 2024? Discover the driving forces behind the market sentiments and predictions. Since the onset of 2024, Bitcoin (BTC) has demonstrated a remarkable surge, attaining levels of market dominance and investor interest not seen in years. On Feb. 29, BTC reached a new high of $63,544, marking its highest value since Nov. 2021. As of Mar. 1, BTC trades at around $62,000, sustaining the bullish sentiment within the market and propelling Bitcoin’s market dominance to approximately 53%. BTC one-month price chart |…
Among the CD20, only six assets have failed to earn double-digit returns on the week. These include Layer 2 side chain Polygon’s MATIC (+3.1%), decentralized exchange Uniswap’s UNI (+3.9%), shared storage platform FileCoin’s FIL (+5.5%), Layer 1 Internet Computer’s ICP (+5.7%), oracle platform ChainLink’s LINK (+8.7%) and payments network Stellar’s XLM (8.8%). Source
The large outflow could perhaps indicate that crypto lender Genesis started or ramped up the pace of unloading its GBTC holdings, capitalizing on bitcoin’s rally. Genesis received bankruptcy court approval on Feb. 14 to sell 35 million GBTC shares – then worth $1.3 billion, now roughly $1.9 billion – but outflows from GBTC were muted over the past two weeks until Thursday’s spike. Original
The volume of Bitcoin put options traded in block trades has surged to over $500 million. Block trades are large transactions typically made outside the open market to avoid impacting the market price directly. A put option gives the holder the right, but not the obligation, to sell an asset at a specified price (strike price) within a certain period. According to Greeks.live, the trading activity was primarily focused on two strategies. The first was a bear spread strategy, typically used when an investor expects a decline in the market…
A few months ago, my six-year-old daughter asked me, “Is there a war in Israel?” “Yes,” I said, as I braced myself for the next question. While we are Americans, she knows that much of our family—my aunts, uncles, and cousins—live in Israel. “Has anyone died because of the war?” she asked next, and I answered truthfully. “Yes,” I said, “Sadly, many people have died.” “Has anyone in our family been killed?” she asked. “No,” I said, but I didn’t know how much longer I would be able to give…
Shiba Inu (SHIB) Marketing Lead, Lucie, has highlighted a move that could see the SHIB token make a 2,100% gain if history were to repeat itself. There is also the belief that the meme coin could even go on to enjoy a higher gain this time around, considering initiatives that have been put in place to increase its value. SHIB To Replicate 2021 Run? Lucie mentioned in an X (formerly Twitter) post that SHIB surged by 800% in 2021 without any burns and hinted at something similar happening this year.…
After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending, waiting to process about 134,000 unconfirmed transactions, a situation that has […] Original