NFT News by Thebittimes.Com

There have been multiple major developments since the start of 2024 for the crypto markets, with digital assets seemingly advancing on all fronts.  For the first time in history, cryptocurrencies are a prominent, though not yet pivotal, topic of the presidential race and major financial institutions are becoming increasingly receptive to digital assets. Some of the biggest victories of the year, however, arguably came on the regulatory front as the U.S. Securities and Exchange Commission (SEC) – after years of delay and denial – approved Bitcoin (BTC) exchange-traded funds (ETFs) in January and, half a year later, did the same for Ethereum (ETH) ETFs. Picks for you Bitcoin price is set for expressive growth, according to key indicators 37 mins ago ...

Bankrupt cryptocurrency exchange FTX has been given the green light to sell around 32 million shares held in various digital asset trusts as part of its efforts to recover funds. According to a Nov. 29 filing in a Delaware bankruptcy court, crypto exchange FTX has received approval to sell approximately $873 million of trust assets, with the proceeds earmarked for repaying creditors affected by the exchange’s downfall in 2022. “The debtors are authorized, but not directed, to execute sales of the trust asset s, in their reasonable business judgment, in accordance with the following sale procedures,” the filing said. Galaxy, a prominent crypto investment firm, has seen its role expanded in assisting FTX with the asset sales, as per the latest court filings. Earlier this year, FTX had appointed Galaxy to manage its extensive digital asset holdings, a decision that now seems pivotal in the ongoing recovery process. You might also like: FTX token rises sharply...

Author: defioasis Note: This article is for information sharing only, not an endorsement of the mentioned projects, nor is it any investment advice. As Binance launches ORDI and OKX Web3 Wallet provides an excellent Ordinals chain experience, more and more users are flocking to BRC-20 and into the Bitcoin ecosystem, with Bitcoin network on-chain volume and fee capture climbing steadily. Bitcoin NFT/Inscription 0n-chain volume historically exceeded $30 million for the first time on November 17th, and pushed this figure to $35 million on the 18th, setting new highs for several consecutive days. During this continuous rise, the inscription fever gradually spread from BRC-20 to BTC NFT, and radiated to multi-chains and L2 networks. On November 17th, Bitcoin Frogs’ volume reached $3.444 million, setting a new historical high; its floor price also rose from 0.06 BTC a week ago to 0.15 BTC, an increase of 150%, making it the undisputed leader in the current BTC NFT market. The Story of Bitcoi...

Rain Lõhmus, the founder of LHV Bank told Estonian media last month he’s not made much effort to recover the funds, but is willing to pay someone who can. The founder of Estonia-based LHV Bank, Rain Lõhmus, has been revealed as the owner of a massive 250,000 Ether (ETH) stash bought during the Ethereum ICO, which is now worth an eye-watering $470 million.  There's only one problem. He no longer has the keys.  In February, Coinbase director Conor Grogan highlighted a Ethereum whale wallet containing some $470 million worth of ETH, untouched since the blockchain’s genesis. In an Nov. 6 update on X (Twitter), Conor highlighted Lõhmus’ comments in a recent interview that now tie him to the $470 million worth of trapped ETH. “One mystery solved,” wrote Grogan who shared an excerpt of an Oct. 31 ERR News report on an earlier Vikerraadio interview with Lõhmus. One mystery solved: This address (which now holds $450M of crypto) belongs to Rain Lohmus, founder of LHV Bank Unfortunately ...

Brad Garlinghouse hinted that the eagerly-awaited Hinman documents could tip the balance in Ripple’s favor. With just one day until the Hinman documents are due to be unsealed, Ripple CEO Brad Garlinghouse suggests the documents will be “well worth the wait." In a June 12 Twitter reply to a question raised by crypto YouTuber Jungle Inc, Garlinghouse said that while he did not want to “overstep,” both he and Ripple's chief legal officer Stuart Alderoty see the documents as being worth the 18-month fight to get them unsealed.  Wish I could go in depth now, but we've waited this long (18+ months), I don't want to overstep… suffice it to say @s_alderoty and I believe they were well worth the wait. — Brad Garlinghouse (@bgarlinghouse) June 12, 2023 The Hinman documents refer to internal SEC messages concerning a 2018 speech given by former SEC Director William Hinman. In the speech, Hinman said that while cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) may star...