Day: June 22, 2024

Nova Chain Drives Mass Adoption with DAO Community-Driven Blockchain and AI Platform

PRESS RELEASE. Nova Chain is making significant strides in the digital content industry with its innovative blockchain platform. Designed to empower content creators, Nova Chain combines advanced blockchain technology with AI-driven algorithms to provide secure content management, transparent monetization, and personalized audience engagement. The platform is built to support the evolving needs of digital content […] Source CryptoX Portal

Millions in Bitcoin Withdrawn After 1.96 Million AVAX Transferred to Exchanges: Zachxbt 

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Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours. AVAX Declines Amid Onchain Analyst’s Discovery of Major Transfers Zachxbt, a well-known onchain analyst, […] Source

Toncoin Transfer Volume Hits $10 Billion, Social Appeal Soars

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Toncoin, the brainchild of messaging app giant Telegram, is making waves in the cryptocurrency world. A recent report by CryptoQuant, a leading crypto analysis platform, has identified Toncoin as one of the fastest-growing blockchain networks. While established giants like Bitcoin reign supreme in daily transaction volume, TON’s growth metrics paint a compelling picture of a network poised for a breakout. Transaction Velocity: A David-Vs-Goliath Story While Bitcoin processes a staggering $50 billion daily in transactions, TON’s daily volume sits between $5-$10 billion. This, at first glance, might seem like a…

NFT Sales Plunge 21% Amid Broad Crypto Market Decline

Global non-fungible token (NFT) sales experienced a decline this week, dropping 21% from the previous week. Across 21 unique blockchains, the total sales just surpassed the $100 million mark over the past seven days. Weekly NFT Sales Fall, Cryptopunks and Pudgy Penguins Surge NFT sales have significantly decreased this week, correlating with the broader downturn […] Source CryptoX Portal

Blockchain Firm Says Bitcoin Price Might Be Headed For $60,000

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The Bitcoin price performance over the past week failed to bring glory to the crypto market, as the leading cryptocurrency struggled once again. This trend was mirrored across almost all large-cap assets, many of which experienced significant losses. Unfortunately, recent price action data suggests that the Bitcoin price is not safe yet, as there is potential for further downside over the coming days. Is $60,000 The Next Stop? In a new report, blockchain intelligence firm CryptoQuant put forward an interesting prognosis for the price of Bitcoin based on its recent…

Best crypto debit cards in 2024

Crypto debit cards are all the rage, granting unprecedented ease of access to real-world goods and services for crypto users. With so much competition now in the space, it can be hard to make a decision. Let’s take a look at the best debit card for cryptocurrency in 2024. top 5 crypto debit cards 2024 and how to choose Before we get into the details of each card, let’s explore how to choose the best card for you. Here are the main factors people tend to consider when choosing a…

Volume Climbs Above $53B, Dwarfing Visa

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USDT, Tether’s digital token pegged to traditional currencies, is leading a quiet revolution in the world of finance. In a landmark development, USDT has surpassed Visa’s average daily transaction volume on the Tron blockchain, underscoring its position as the undisputed leader in the stablecoin space. This surge signifies a growing confidence in stablecoins and their potential to disrupt the financial landscape. Related Reading USDT Flexes Muscles USDT’s dominance is evident. Available on multiple blockchains, it has seen its market cap explode since its inception in 2014. But the recent milestone…

Oleksandr Usyk-backed Ready to Fight teams up with TON Foundation to offer crypto debit cards

Co-founded by Ukrainian world heavyweight champion Oleksandr Usyk, Ready to Fight has joined forces with the TON Foundation to bring crypto-friendly debit cards to Telegram. Ready to Fight, a web3 boxing app built on the Ethereum and BNB Chain (formerly Binance Smart Chain) blockchains, has teamed up with the TON Foundation and Kauri One, a blockchain developer, to offer a crypto-enabled debit card on the Telegram messenger in an effort to expand use cases for the RTF token. According to a press release shared with crypto.news, the collaboration allows RTF…

Bitwise CIO Makes the Case for Adding Ether to Investment Portfolios

Matt Hougan, CIO of Bitwise, a crypto-based index fund and ETF provider, has explained why he believes ether might be an interesting asset for an investment portfolio. Hougan states three key reasons for investing in ether: diversification to “own the market,” different use cases than bitcoin, and historical analysis. Bitwise CIO Presents Three Reasons to […] Source CryptoX Portal