NFT News by Thebittimes.Com

Bitcoin has had a busy year in 2023, including increased enforcement actions from regulators and continued fallout from the bankruptcies of 2022. Bitcoin Ordinals made waves this year, too. Popular yet controversial, the NFT-like Inscriptions caused problems for major firms — but also sparked hate from critics. Meanwhile, intense drama ensued between Barry Silbert’s Digital Currency Group (DCG) and the Winklevoss twins’ Gemini. Here’s a look at the most important events for Bitcoin this year. Regulators hone in on Bitcoin and crypto After the FTX collapse of November 2022, regulators seemed to step up enforcement actions. It would be easy to think that they got embarrassed by being hoodwinked by Sam Bankman-Fried’s former empire. Enforcement actions filed include: February 10: Kraken agreed to suspend its staking-as-a-service program in the US and pay a $30 million fine in a settlement with the Securities and Exchange Commission (SEC). March 27: The Co...

Sei, Kaspa, and the memecoin Bonk are leading today’s gains, with notable price and trading volume surges.  Sei has witnessed a remarkable 21% increase in value over the past 24 hours and an impressive 64% rise over the week. This surge is primarily attributed to the heightened activity on the Pallet Exchange, Sei’s native NFT trading platform. The platform recently celebrated a significant milestone, surpassing $1 million in market place volume on Boxing Day, reflecting a growing interest in NFT trading within the Sei ecosystem. Sei is known for its unique approach to blockchain technology, focusing on optimizing the trading experience with high transaction speeds and reduced costs, making it a favored choice among traders. Pallet $SEI NFTs Pallet Exchange has crossed over $1million in marketplace volume! This is a huge milestone for not only ourselves, but this vastly growing ecosystem. We are still extremely early. NFTs on $SEI are just getting started. ️ pic.twitter...

Despite an impressive 80% monthly rally in December that propelled its market cap to the fourth position among all cryptocurrencies by size, the price of the Solana (SOL) token experienced a post-Christmas dip, falling to $107. Nevertheless, this price increase of Solana has prompted investors to look for a possible entry point into this cryptocurrency, as it shows signs of promise and the ability to add gains to its value further. A substantial surge characterized by a remarkable increase of over 500% within two months has been observed. Notably, a rotation trend is evident, shifting towards Ethereum (ETH) and other ecosystems, indicating a potential pause in the current momentum for Solana.  In higher timeframe trading, there is a keen interest in long-term entries at $70-80. This strategic approach suggests careful consideration of price levels for establishing enduring positions in the market, as per an X post from crypto expert Michael van de Poppe on December 28. ...

In anticipation of the launch of Sleepless AI farming on the Launchpool platform from Binance, unknown people conducted a rug pull of the token of the same name. As PeckShield analysts reported, one of the addresses exchanged 1 billion fake AI for $91,000 in ETH. As a result, the token ’s price fell by 97.5%. A similar rug pull scheme was carried out with the fake FomoFi token . #PeckShieldAlert Sleepless AI $AI has dropped -97.5% The address 0xB359…6f3d has swapped 1,000,000,000,000 $AI for 37.7 $ETH (~$91K) *Note*: The #rugpull token shares the same name as the legitimate ones pic.twitter.com/C0M8vHxRbz — PeckShieldAlert (@PeckShieldAlert) December 28, 2023 The attacker’s address exchanged over 5.3 trillion FOMO for 189,600 BSC-USD, after which the coin price dropped to zero. Another incident devalued the NebulaNode token after exchanging numerous NNNN token s for 1033.8 BNB, the equivalent of $335,900. Farming of the original Sleepless AI project on ...

Thunder Terminal, a popular on-chain trading platform, has suffered a hacking attack that resulted in 114 wallets being compromised. The attacker managed to transfer 86.5 ETH ($192,000) during the incident, sending the funds to Railgun, according to an online investigator, ZachXBT. 114 Wallets Compromised, 86.5 ETH And 439 SOL Stolen During its announcement of the incident, Thunder Terminal admitted that 114 wallets were affected by the security incident. However, it also insisted that the funds are safe. The platform said in a post on X that no private keys were compromised before or during the exploit that occurred yesterday, December 26. The trading platform also stated that the refunds will be handled shortly. Although the platform noticed the attack quickly and reacted swiftly, the attacker was still able to transfer 86.5 ETH. Following Thunder’s announcements, the attacker reacted, claiming that Thunder’s posts were “all lies.” The claim came through...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BONK is trending after it rose 316% in one month, peaking at $0.000035 on Dec. 15. The surge follows its listing on Binance and Coinbase. But after the initial excitement wore off, BONK retraced by almost 50% in the 12 days. Bonk drops as traders take profits Listings on Binance and Coinbase often spark some excitement, leading to temporary price spikes.  However, this excitement is frequently followed by a market correction as early investors cash out, a trend evident in BONK’s recent price movement. After peaking on Dec. 15, BONK more than halved in the next few days. Recent data from CoinGecko shows that BONK is down by about 14% in the last 24 hours. It’s trading near $0.00001556 at press time, with a market capitalization of over $947 million. You might also like: Missed BONK? Here are other mid-cap tokens on Solana...

Industry experts remain bullish about the imminent Bitcoin ETF launch at the outset of 2024. Bitcoin shows a minor dip in 24 hours while the market awaits Bitcoin ETF launch. Major altcoins like Solana and Avalanche also experienced substantial declines over the last 24 hours. A recent Bloomberg report shared insights on the changing crypto environment in connection with the anticipations of an imminent Bitcoin ETF launch. While Bitcoin experienced a minor dip in the last 24 hours, altcoins like Solana and Avalanche, which showed impressive hikes in the previous days, exhibited a notable decline. Though there is speculation about the Securities and Exchange Commission’s (SEC) approval of the ETF applications submitted by a dozen firms, including BlackRock, Grayscale, and Ark Invest, the regulator’s decision on the matter remains a question. However, a majority of industry experts remain bullish about the much-anticipated ETF approval. Castle Island ...

Polygon  is a decentralized scaling mechanism that Ethereum developers may use when creating dApps. Polygon offers a faster network and more security at a reasonable rate. The 2017 initiative project has emerged as one of the most intriguing and profitable in business. MATIC was its previous name until April 2021, when it changed to Polygon . MATIC is the native token of the Polygon network. Polygon has recently breached the price level of $0.80. According to recent data, MATIC has surged by over 3% in the last 24 hours. Alongside the whole cryptocurrency market, Polygon is also trading in green. With the New Year almost here, here is our price prediction for MATIC this New Year. Also read: How Much XRP Do You Need to Become a Millionaire if Price Hits $1? Source: Medium MATIC price prediction for New Year Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Polygon’s MATIC can shoot up in price t...

Robert Kiyosaki, the author renowned for the best-selling personal finance book ‘Rich Dad Poor Dad, ‘ has built a reputation over the years for making numerous predictions concerning the financial world. As the global financial sector grapples with multiple challenges in 2023, the author has stepped forward to forecast what may unfold in the upcoming year. His predictions focus on both the traditional financial space and cryptocurrencies. Here are his three main predictions for 2024 by the financial educator. Bitcoin could hit $120k  Kiyosaki’s first prediction centers on the destiny of Bitcoin (BTC) and the US dollar. The investor’s forecast is grounded in the actions of the BRICS nations—Brazil, Russia, India, China, and South Africa—who are anticipated to unveil a gold-backed cryptocurrency, symbolizing the potential decline of the US dollar. According to Kiyosaki, Bitcoin, and precious metals, including gold and silver, are poised to benefit, as in...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. 2023 has been characterized by bearish conditions flattening markets and a heavy focus on regulation and compliance through the lens of the large-scale collapses and fraud incidents in 2022.  You might also like: Crypto market on Christmas: historical trends and what to expect  However, things are rarely quiet for long in this industry, and change is already in the air. While the question of jail time for Sam Bankman-Fried and Changpeng Zhao may still be outstanding, the drama of the legal battles appears to be largely settled, and the sector is buzzing with anticipation of a new bull market as it looks ahead to the year ahead. An expected spot ETF approval and the upcoming Bitcoin halving are both adding to rising speculation.  While a change in market conditions is good news, it inevitably brings fresh challe...

Prometheum’s SEC application has been reportedly cleared for final approval. A FINRA publication shows Prometheum can now operate anywhere in the US. Aaron Kaplan said Prometheum would start serving institutional clients within the first quarter of 2023. According to reports, the potential crypto investment firm that intends to offer a program that complies with the rules of the US Securities and Exchange Commission (SEC), Prometheum, has been approved for clearing. The crypto community expects the firm to begin operations in the next few months. .@PrometheumInc has cleared its final regulatory hurdle to start rolling with its fully-@SECGov-compliant strategy for crypto custody and trading. Soon we'll find out whether crypto can live under current SEC rules. https://t.co/UFr2kLIy91 — CoinDesk (@CoinDesk) December 24, 2023 Having received regulatory approval, Prometheum can now operate everywhere in the US, according to a publication by the Fina...

Paxos acquires regulatory nod from the NY DFS for its expansion to Solana. The platform will issue Pax Dollar on Solana on January 17, 2024. Solana’s co-founder, Raj Gokal, asserts the alliance envisions building a financially empowering future. Paxos, a prominent blockchain-based financial institution, announced the strategic expansion of its stablecoin issuance to the Solana blockchain. As the New York Department of Financial Services (DFS) has provided regulatory approval for Paxos’ expansion, the platform will issue its Pax Dollar (USDP) on Solana on January 17, 2024. Solana’s co-founder Raj Gokal asserted that the blockchain’s alliance with Paxos envisions building a “financially empowering future.” Further commenting on the collaboration, Gokal stated, Paxos’s decision to bring stablecoin issuance to the Solana blockchain will showcase how Solana’s high-performance network and low transaction fees can support regulated financial products and provid...

The latest financial stability report from the People’s Bank of China reveals a distinct section for crypto - assets . According to the report released on Dec. 22, the strategic inclusion of this section aims to bridge data gaps, alleviate fragmentation, and eradicate regulatory arbitrage while addressing the role of the Financial Stability Board (FSB) in a comprehensive paragraph focusing on the regulation of crypto assets. The report reveals that the cryptocurrency market constitutes 1% of the global financial system, emphasizing its relatively confined association with traditional finance while highlighting several potential risks associated with cryptocurrency regulatory arbitrage, citing concerns about susceptibility to hacker attacks, market manipulation, and defi governance mechanisms. You might also like: China accelerates CBDC pilot with cross-border precious metals transaction Notably, the report highlights specific instances, such as the Terra ecosyst...

Solana (SOL) token has surpassed BNB from the Binance cryptocurrency exchange in terms of market capitalization. SOL’s capitalization reached $41.724 billion, and BNB’s capitalization was $41.721, according to CoinMarketCap. However, Solana’s trading volumes are more than three times higher than BNB’s in the last 24 hours. The price of SOL has increased by 78% over the month and by 15% in the last 24 hours amid rapid growth in market capitalization. On Dec. 20 the token overtook Ripple’s XRP in market capitalization and broke into the top 5 of the ranking. The growth of Solana’s price has caused an increase in interest in the ecosystem and activity on the blockchain. Source: CoinMarketCap The number of Google searches for “Solana” also increased by 250% from the beginning of October to the beginning of December. In addition to the network’s native token, other tokens issued on the Solana chain have also recently increased in p...

As the crypto world eagerly anticipates the approval of a Bitcoin exchange-traded fund (ETF), a seismic shift is on the horizon. This development is not only pivotal for Bitcoin but also sets the stage for a trillion-dollar storm that could sweep through the entire cryptocurrency market, including popular altcoins like Dogecoin and the emerging memecoin, Rebel Satoshi. Bitcoin ETF: The Game Changer The potential approval of a Bitcoin ETF is more than just another milestone; it’s a transformational moment for cryptocurrencies. It represents a bridge between the traditional financial world and the burgeoning realm of digital assets, potentially unlocking billions of dollars from institutional investors. This influx of capital is expected to create waves throughout the market, impacting top cryptos and altcoins alike. Dogecoin: From Meme to Mainstream Dogecoin, initially created as a lighthearted take on cryptocurrencies, has evolved into a formidable digit...

Avalanche (AVAX) has jumed 10% in the past 24 hours to break above $45.  As cryptocurrencies bounce, AVAX bulls could eye a breakout above $50. Meanwhile, the overalll bullish outlook has Pullix (PLX) attracting investors as its presale surpasses $1 million. Avalanche (AVAX) is looking to bounce above a key price level following Wednesday’s broader market surge . Meanwhile, investors hunting for the next breakout projects are increasingly finding Pullix (PLX) , a new crypto exchange and investment platform highly attractive. Pullix (PLX): the new hybrid exchange for DeFi Pullix ($PLX) is a new project that seeks to bring the benefits of a hybrid exchange to the online trading community.  An innovative “Trade-to-Earn” ecosystem stands out and could revolutionise the trading experience across crypto, particularly the decentralised finance (DeFi) market. The trading platform will incentivise users to provide liquidity, offering a r...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. ZKFair is set to release a zero-knowledge (ZK) community -driven layer-2 network, according to a press release shared exclusively with crypto.news.  The layer-2 platform launched its testnet in early December and plans to deploy on the mainnet on Dec. 20.  Moreover, ZKFair will also distribute 100% of its tokens to the community through a fair airdrop. This approach ensures everyone has an equal opportunity to participate in the network’s growth and development. Through this model, the community can redefine the future of ZK, where every voice matters and innovation flourishes.  You might also like: Coinbase CEO considers anti-crypto bills as ‘bad political strategy’ The decision to launch ZKFair is to address existing issues. Though ZK technology can be an option for solving scalability issues ...