NFT News by Thebittimes.Com

The price of BTC rose sharply and fell almost as fast over the past three days amid two recent events impacting pending applications for spot Bitcoin ETFs. In less than a day, Bitcoin (BTC) has shed nearly all the gains it made from Grayscale Investment's court victory against the United States Securities regulator. On Aug. 29 Bitcoin popped to a two-week high after a judge ruled that the Securities and Exchange Commission was “arbitrary and capricious” when it rejected Grayscale’s spot Bitcoin ETF application. However, the SEC’s recent delay to seven pending spot Bitcoin ETF applications has sent Bitcoin’s price downwards, falling nearly 5% in the last 24 hours. Cointelegraph Markets Pro data shows Bitcoin’s price is currently around $26,000, falling steeply from around the $27,300 level it had been sustaining since the Grayscale win. BTC's seven-day price chart shows its gains erased. Source: Cointelegraph Markets Pro BlackRock, WisdomTree, VanEck, Bitwise, Valkyrie and Fid...

How to Sell Stuff for Bitcoin: A Comprehensive Guide As Bitcoin continues to gain popularity, more and more people are exploring the possibility of selling their goods and services for this digital currency. Whether you want to increase your Bitcoin holdings, reach a wider audience, or simply tap into the growing cryptocurrency market, selling stuff for Bitcoin can be a rewarding venture. In this comprehensive guide, we will walk you through the process step by step, providing valuable tips and insights along the way. Also read: PayPal UK to Halt Bitcoin and Crypto Purchases Bitcoin cryptocurrencies and graph statistic background Why Sell Stuff for Bitcoin? Before diving into the process of selling stuff for Bitcoin, let’s explore why it can be advantageous for individuals and businesses: No Banking Fees : Unlike traditional fiat currency transactions, Bitcoin transactions do not involve any banking fees. This means that you can save money on transaction costs an...

Airline passengers can get rewards such as flight upgrades or airport lounge access after completing NFT collections. Lufthansa, one of the largest airline groups in Europe, has launch ed its nonfungible token (NFT) loyalty program on the Polygon Network. The program will allow passengers to turn their trips into NFTs that can unlock rewards like miles and business lounge vouchers.  On Aug. 31, Lufthansa announced the Uptrip mobile application, a project by Lufthansa Innovation Hub, the airline group’s digital innovation unit and Miles & More, the airlines’ frequent flyer program. Lufthansa's @Uptrip_app loyalty program is building #onPolygon to turn flights into rewards Collect NFT trading cards for every flight and claim rewards Learn more about the new Miles & More and @LHInnovationHub experience: https://t.co/MjQihK8xUx pic.twitter.com/JfUEoUJxNR — Polygon (Labs) (@0xPolygonLabs) August 31, 2023 According to the announcement, airline passengers can scan th...

As per on-chain data, the trading volumes have sustain ed, even a day after Tuesday’s pump. On-chain data provider Santiment explains that trading activity remains substantial following the recent price increases across the cryptocurrency market. advertisement Notably, there is a significant resurgence of trader attention on Bitcoin. If Bitcoin maintains its current range between $27,000 and $28,000, the situation should stabilize. However, if the price deviates beyond this range, increased volatility is probable. courtesy: Santiment Large holders in the cryptocurrency space, often referred to as whales and sharks, might have had insights about the Grayscale and SEC legal case’s result. On the day prior to the news, wallets holding 10,000 to 10,000 Bitcoin (BTC) collectively acquired around $388.3 million worth of BTC. Watch Out for Bitcoin Technical Indicators Over the last few weeks, Bitcoin has been showing weakness on the technical charts...

Renz Chong explains why AI technologies like Midjourney have the potential to revolutionize the creative process in metaverse projects. “AI enables almost anyone to become a creator without formal training,” says the CEO. The tech entrepreneur adds that AI speeds up the content creation cycle. In a recent TechWire interview, Renz Chong, the CEO of NFT startup BreederDAO, explained why he believes AI technologies like Midjourney have the potential to revolutionize the creative process in metaverse projects. When asked about how AI was improving the creative process for those seeking to build interesting characters and worlds in the metaverse, Chong pointed out that AI was effectively changing the space in two ways. The first way, according to Chong, was how AI enables almost anyone to become a creator. Enthusiasts, even those without much training or technical know-how can now create characters, digital assets, in-game objects, avatars, and even games. ...

Also Read: Terra Luna Classic L1TF All Set For v2.2.0 Core Upgrade, LUNC Price Jumps 5% advertisement Robinhood Wallet Support for Bitcoin and Dogecoin The company had announced it was launching custody, send, and receive support for Bitcoin and Dogecoin to all users. The Wallet had also enabled in-app swaps on the Ethereum network. With this, users can now own, send, and receive crypto on Arbitrum, Bitcoin , Ethereum, Dogecoin, Optimism, and Polygon networks. Besides, they can swap crypto on Ethereum and Polygon, and connect to a wide range of decentralized applications (DApps). In a statement, the company said it was encouraged by the adoption and hence expanded support for new networks and tokens. Johann Kerbrat, the general manager of Robinhood Crypto, said, “We have been really encouraged by the adoption so far, and are excited to keep building for our customers around the world as we ship new Features and expand support for new networks and tokens....

The S&P 500 is attempting a recovery, but Bitcoin and select altcoins are struggling to break above their respective resistance levels. Bitcoin is down about 11% in August, just shy of the 13.88% fall seen in the corresponding month in 2022, according to CoinGlass data. The picture does not look very bright for September, either. History shows that every year since 2017, Bitcoin has declined in September.  Bloomberg Intelligence senior macro strategist Mike McGlone is even more bearish on Bitcoin. While speaking to Kitco News, McGlone warned that in case of a “global economic reset,” Bitcoin could nosedive to as low as $10,000. Daily cryptocurrency market performance. Source: Coin360 Although analysts have been giving both bullish and bearish targets, it is better to wait for the price to break out of the range before taking large bets. Typically, after a low-volatility period, the volatility picks up, but it is difficult to predict the direction of the bre...