Bitcoin has seen more NFT sales than Ethereum in the last week. BAYC’s floor price has plunged to its 2021 levels. The sales volume of non-fungible tokens (NFTs) on the Ethereum [ETH] network has surged in the past two days, exceeding that of Bitcoin [BTC]. However, according to CryptoSlam’s data, the Bitcoin network holds the lead in overall weekly trading volume. AMBCrypto found that between the 20th and 21st of March, NFT sales volume on Ethereum totaled $43 million, dwarfing Bitcoin’s $20 million by 115%. However, NFT sales on both networks assessed over a seven-day period show that Bitcoin has…
Author: Web3 Daily Press Staff
Yesterday Norges Bank shared the results of the fourth phase of its central bank digital currency (CBDC) experiments. It doesn’t believe there is currently a need for a retail CBDC but clarified which conditions might trigger a decision. Given that tokenized deposits could provide an alternative to a retail CBDC, it will now explore a wholesale CBDC, for interbank settlement of tokenized deposits. The fifth phase will run until the end of 2025 when the central bank management will have the tools to decide whether or not to proceed to launch a CBDC. Deliverables for stage 5 include: fundamental CBDC requirements requirements specification –…
The cryptocurrency market has been on a roller coaster with prices rising and falling in equal measure. Bitcoin dropped from its all-time high and tested support at $60,500. The entire market also turned bloody over the last weekend and early this week. Dogecoin, the leading meme coin suffered a major drawback, falling to $0.1225 from highs of $0.2067. For that reason, investors desiring quicker gains and yet sustainable gains are looking towards little-known Dogecoin ‘killers’ to buy such as Dogecoin20 (DOGE20), Terra Classic (LUNC), and Scotty Beam (SCOTTY).1. Dogecoin20 (DOGE20)Dogecoin20 (DOGE20) is revolutionizing the meme coin scene with its state-of-the-art…
Never Miss a post you’ll loveWe post new articles every day…Subscribe to get a recap of the days posts & never miss the latest breaking news or exclusive content. “`html Retik Finance: A Threat to Cardano (ADA) and Polygon (MATIC)A new player in the crypto market, Retik Finance, is disrupting the DeFi space and posing a threat to established competitors like Cardano (ADA) and Polygon (MATIC). With innovative features and successful presale, Retik Finance is gaining traction rapidly. Introduction Retik Finance has entered the market with a disruptive approach to DeFi, offering cutting-edge solutions like virtual DeFi debit cards that…
Chainlink (LINK), despite being bearish in the last 24 hours after failing to breach the intra-day high of $18.89, has been identified to have a bullish breakout. This development comes amid a flurry of positive indicators and developments surrounding the cryptocurrency. However, analysts foreshadow that LINK is gearing up for a significant price movement. Concurrently, LINK’s market capitalization during the bear reign dipped by 1.43% and 16.45%, respectively, to $10,577,359,151 and $534,889,233. At press time, LINK was exchanging hands at $18.03, a 1.56% decline from the intra-day high. …
TLDR NuggetRush (NUGX) is a blockchain gaming project offering engaging gameplay where players build mining enterprises, earn rewards, and collect in-game items like cash and gold as NFTs. Cardano (ADA) has seen significant growth in its ecosystem with new smart contracts on Plutus v1 and v2 networks. Recent price surges indicate the potential for another surge in the upcoming crypto bull market, predicted by analysts like Ali Martinez. Avalanche (AVAX) saw a significant price surge driven by Binance’s announcement of a USDC-margined AVAX Perpetual Contract on its Futures platform. The contract, offering up to 75X leverage, aims to enhance trading…
Bitcoin Cash news highlights a strategic shift with Coinbase’s futures contracts, signalling a potential market transformation. Concurrently, Aptos price showcases resilience, diverging positively from Bitcoin’s volatility, hinting at its robust investment appeal. Amidst these developments, BlockDAG Network promises revolutionary impacts on decentralised finance. Each plays a unique role in reshaping the future of finance, challenging conventional institutions and attracting investors seeking top altcoins for 2024. This analysis explores their contributions to banking’s future, emphasising BlockDAG’s potential to redefine investment paradigms in the crypto sector.Game-Changing Bitcoin Cash FutureCoinbase Derivatives, a subsidiary of the renowned cryptocurrency exchange Coinbase, has unveiled groundbreaking Bitcoin…
Binance Coin (BNB) has reignited its price surge this week after undergoing key technical tests. With Bitcoin’s stagnation above $66,000 contrasting with BNB’s sudden spike above $500, the top exchange token looks poised to retest critical upper resistance levels soon. After retracing last year, BNB spent considerable time centering around $300 support. However, this lateral price action has given way to a renewed uptrend recently. Also read: Ethereum Foundation Under Investigation: How Will ETH Perform This Weekend? Binance Coin is currently trading at approximately $573.57, which represents a 63% increase over the past 30 days. Technical indicators suggest the asset is in an…
Bitcoin (BTC) and Ethereum (ETH), along with other cryptocurrencies, have experienced a notable decrease in prices recently. This decrease has been driven by a number of factors, specifically market sentiment, monetary policy actions, and the crypto derivatives market.Declining Optimism and JP Morgan’s AnalysisJP Morgan has expressed anxiety over the continuous sell-off in Bitcoin as the market remains overbought. Consequently, the optimism that financial institutions have for the possibility of a price hike by the end of the year is seen to be on the decline. This sentiment is partly due to the expectations of diminished Bitcoin supply post-halving and the assumption…
“People still think that crypto is kind of invisible to regulators,” Chandrasekera tells CNBC Make It. “Truthfully, there are so many ways the IRS knows you’ve had something to do with crypto.”In fact, failing to report income, gains or losses from your crypto transactions on your taxes may come with stiff consequences. This may include potential audits, penalty fees, interest charges on unpaid taxes or even criminal charges.Remember, the IRS expects you to report all of your taxable crypto transactions from throughout the year when filing your taxes, no matter how much or how little you may have earned or…