Day: July 29, 2024

surge in activity and notable sales drive market momentum

The NFT market saw a significant boost in activity this week, with a 48% rise in buyers and several high-profile sales. In an eventful week for the NFT market, the Ethereum (ETH) and Solana (SOL) blockchains maintained their dominance, with digital collectibles on these chains seeing significant sales and capturing the attention of buyers and sellers alike. According to data from CryptoSlam!, the NFT landscape saw notable growth, with overall sales volumes reaching $107,965,224, marking a 7.05% increase from the previous week. The rising number of buyers and sellers also…

Vaneck Predicts Bitcoin Could Reach $2.9 Million by 2050

boss

Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of their assets in BTC. Scalability challenges are […] Original

Ripple CEO Suggests Vice President Kamala Harris Steer Clear of Anti-Crypto Rhetoric

Ripple CEO Brad Garlinghouse has criticized Congressman Brad Sherman’s anti-crypto comments, urging Vice President Kamala Harris to distance herself from such views. The Ripple executive warned that opposing cryptocurrencies is equivalent to opposing innovation, benefiting Republicans who support technological progress. He emphasized the need for the U.S. to align with other advanced economies with clear […] Source CryptoX Portal

Hong Kong legislator Johnny Ng advocates for Bitcoin, web3 development

boss

Hong Kong politician Johnny Ng expressed interest in the concept of a national Bitcoin reserve, following Trump’s Bitcoin 2024 keynote speech — which included a plan for a U.S. Bitcoin reserve. In a post on X today, July 28, Ng, a member of the Hong Kong Legislative Council, offered his insights on Bitcoin (BTC) and web3, highlighting their significance and potential in the region. Ng, a self-proclaimed web3 advocate, suggested that Bitcoin is “worth considering” as a financial reserve for nations and regions. He noted the increasing global acceptance of…