Tag: Top

Reddit NFTs surge into OpenSea top 10, judge likens NFTs to ‘luxury’ property and more

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Reddit NFTs among OpenSea’s top 10 collections Reddit’s Polygon-based nonfungible token (NFT) venture continues to impress with three of its tokenized avatar collections cracking the top 10 projects on OpenSea in terms of sales volume this week. Looking at the 24-hour sales volume chart, Spooky Season by Reddit user poieeeyee is ranked second with 274 Ether (ETH) ($401,000) worth of sales, behind only Yuga Lab’s Bored Ape Yacht Club (BAYC) at 684 ETH. The ninth and tenth spots are then taken up by Imagination Station from user Chipperdoodle and The…

Ethereum Name Service (ENS) Drops To $16 Support; Will Bears Come Out Top?

ENS’ price shows strength as price holds strong above the key support zone to avoid price retesting lower point on the daily chart. ENS rejected a trend higher above $20 as the price faced a sharp rejection to a region of key Support of $16.5.  The price of ENS continues to hold strong above the 50 and 200 Exponential Moving Averages (EMA) as the price aims to rally toward $20. The price of Ethereum Name Service (ENS) has continued to hold strong as price trends toward the region of $20…

Prosecutors Seek 8-year Jail Term for Owner of Top South Korean Crypto Exchange Bithumb

Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale. According to reports, Lee Jung-hoon, the de facto owner of the South Korean bitcoin exchange Bithumb, is now facing an 8-year jail sentence. The owner who is also a former chairman of Bithumb Holdings is accused of committing a large-scale fraud worth around 100 billion won ($70 million). Lee was indicted by South Korean prosecutors in July 2021 on charges of fraud under the Act on…

Polygon (MATIC) Leads Gains When Top Coins Bleed

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MATIC enjoyed significant gains on the trading day despite other coins going red. The Ethereum layer-2 token gained bullish momentum on the day, keeping over 6% gains in the last 24 hours. The token has also held its end against Bitcoin and Ethereum, leading significant gains over the two biggest coins. Polygon hasn’t been its best self in terms of social media engagement. It also traded red midway through the last 7 days. However, the team has scored some big partnerships recently, including Nubank. These partnerships are part of the…

Enjin Among Top 10 Crypto Of ETH Whales In The Last 24 Hours

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Cryptocurrency whales are now investing heavily on Enjin Coin. Cryptocurrency whale tracker WhaleStats reports a total of 28,551,132 ENJ coins are in the whales’ possession. Given that one token is now trading at a market price of $0.4141, this amounts to $11.8 million. In tandem with the whale frenzy on ENJ coin, the Enjin development team has also launched a beta version of their native wallet. More investors will get behind the idea and the coin if these trends continue. JUST IN: $ENJ @enjin now on top 10 by trading…

Kazakhstan among top 3 Bitcoin mining destinations after US and China

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For over a year, the oil-rich Central Asian country of Kazakhstan has maintained its position as the third-biggest contributor to Bitcoin (BTC) mining after surpassing Russia back in February 2021.  As of January 2022, Kazakhstan contributed to 13.22% of the total Bitcoin hash rate, positioned right after the historical leaders the United States (37.84%) and China (21.11%), as shown below. Along similar timelines, Cambridge Centre for Alternative Finance data estimated that Kazakhstan’s absolute hash rate contribution (monthly average) was 24.8 exahashes per second (Eh/s). Meanwhile, the US and China contributed…

Top Crypto Exchange Coinbase Adds Two Assets Related to Solana (SOL) Staking Project to Its Listing Roadmap

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Coinbase is adding two more under-the-radar altcoins to its listing roadmap, including the governance token of a non-custodial liquid staking protocol built on Solana (SOL). The exchange announced on Thursday that the roadmap now includes Marinade (MNDE) and one related staking altcoin. Likely due to the announcement, MDNE has exploded by more than 52% in the past 24 hours and is trading at $0.076474 at time of writing. Today’s price movement, however, pales in comparison to the extreme volatility MDNE demonstrated earlier this week, reaching a low of $0.002891 on…

Ethereum Mimics Bitcoin As The Bulls And Bears Tussle; Who Will Come Top?

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ETH’s price struggles to break above key resistance as the price continues to trade in a range mimicking the price of Bitcoin.  ETH continues to struggle as price trades close to the demand zone.  The price of ETH continues to look indecisive as price trades below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  The price of Ethereum (ETH) in recent times has looked like it has lost its steam to rally against tether (USDT) as the price has remained in a range-bound movement for over weeks.…

Top 10 CryptoPunks wallet lays dormant, house sells on OpenSea, and more

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Dormant Punks Nonfungible token (NFT) sleuths have dug up an old wallet from 2017 that minted 141 CryptoPunks for 0.02 ETH, which was around $7 at the time when the project launched. According to the Twitter user Nansen Intern from the analytics platform the wallet is now valued at 11,300 ETH, or around $14.7 million at current prices. The wallet has shown no activity since then leading to speculation the owner lost the seed phrase. The wallet is placed in the top ten in terms of CryptoPunks holders and many…