In 2023, the NFT market experienced a notable decline in sales, but transaction volume surged along with the rapid rise of Bitcoin and Solana in the NFT space. This comprehensive analysis explores these contrasting trends, detailing declining sales, increasing transactions, and the evolving dynamics of NFT trading and financing. Declining sales, rapid increase in transactions NFT sales in 2023 totaled $8.7 billion, a sharp decline from $23.74 billion in 2022 and the lowest since 2019. In contrast to this decline, the number of NFT transactions increased significantly from 54,857,850 the previous year to 90,607,554 in 2023. This indicates that participation…
Author: Crypto Flexs
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I’m trying to understand how these related reconfigurations and forks work in Bitcoin. I went through all the questions (about 80/90) related to: chain-reorganization I think the tags have given me some insight into how everything works, but there are still some uncertainties. This will be explained below. Let’s start by asking questions, starting with how we understand reorganization and fork. The answer that most helped me understand how it all works (Thank you to these great people!): Merch: Peter Wille: Ava Chow: First, we would like to thank everyone for their understanding and help, and we sincerely apologize for…
Memecoins took the biggest hit in today’s market sell-off, losing nearly double its average market capitalization. Matrixport’s report this morning regarding a possible rejection of a Bitcoin ETF application by the SEC triggered significant liquidations across the market. In four hours, the market lost more than $540 million, with Bitcoin and Ethereum falling nearly 10%. However, the meme coin market appears to have come to the sharp end of liquidation, with all major meme tokens today losing more than 10% of their value. Bonk, the latest and most popular meme coin, is down nearly 16% today, with the token down…
Although this is not approval from the Securities and Exchange Commission, the Fidelity Wise Origin Bitcoin Fund has been approved to list on the CBOE exchange, according to a new SEC filing.Of course, this depends on whether the SEC grants Fidelity the authority to offer a spot Bitcoin ETF to investors. As of now, there is still a week left for the SEC to approve, deny or postpone a decision.Bitcoin ETFs, which have been the white whale of the cryptocurrency market for the past decade, will give traditional investors exposure to Bitcoin without the need to purchase and store the…
Ripple welcomed the idea of leveraging blockchain to settle international transactions. IT service companies are expected to feel a significant positive impact. According to Ripple estimates, global spending on IT services is expected to reach $1.5 trillion this year. Companies have begun to look overseas for new talent, thereby removing all geographical barriers to who works for them. However, concerns remain about payment methods. Companies say that spreading their global network helps them maintain a 24*7 operating model. What really causes the problem is the way payments are made. The challenges of cross-border trading are speed, cost, and success rates.…
Fidelity Investments has filed a securities registration for its spot Bitcoin ETF with the SEC. The company, which holds over $4.5 trillion in assets, filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register the Fidelity Wise Origin Bitcoin Fund. The filing marks a move to make the fund a publicly traded security, a milestone for Fidelity and the broader acceptance of digital assets in traditional investment portfolios. Fidelity’s Form 8-A filing | secretary The filing comes at a turbulent time for the cryptocurrency market as the cryptocurrency market suffered more than $540 million in liquidation losses…
Posted 1 minute ago In ~ According to CoinDesk, citing anonymous sources, investment firm Goldman Sachs is in talks with BlackRock and Grayscale Investments to take on a key role in a spot Bitcoin exchange-traded fund (ETF). It is said that they are discussing it.If approved, Goldman Sachs could act as an “accredited participant” in BlackRock and Grayscale Investments’ spot Bitcoin ETF. That means Wall Street giants “are permitted to purchase and redeem shares directly from ETFs,” the Securities and Exchange Commission explains. document.No spot Bitcoin ETF has yet been approved by the SEC, but experts suggest regulators will make…
Due to Polygon’s increased network activity, zkEVM’s daily gas usage has skyrocketed. zkEVM’s network statistics have remained lower than the zkSync Era, despite recent gains. The last month of 2023 was truly happy. Polygon (MATIC) There is a surge in network activity on zkEVM. The increase in network activity indicates a significant surge in adoption and usage. As we welcome the new year, let’s take a closer look at zkEVM’s network statistics to see if the same trend will continue in January 2024. Polygon zkEVM’s performance in December Today In Polygon, a popular X (formerly Twitter) handle, noted in a…
We do our best to ensure that all the games we offer are available in as many countries and currencies as possible. However, this is not always the case due to legal requirements in the country where the game provider is located, or simply due to the preferences of that provider. But today we are one step closer to the dream of wider accessibility. We are pleased to announce that Red Tiger and NetEnt have decided to offer cryptocurrency betting on their respective games. Both providers have a large portfolio of games with tons of gems available for players. Before…
Cryptocurrencies have taken the financial world by storm, and it seems like new trends and developments are constantly emerging. For those looking to stay ahead of the curve and capitalize on the hottest cryptocurrency trends, it’s important to stay informed of industry trends and stay informed of insider secrets. In this article, we’ll take a look at the top cryptocurrency trends and insider secrets you need to know. The rise of decentralized finance (DeFi) One of the hottest trends in the cryptocurrency world is the rise of decentralized finance (DeFi). DeFi refers to using blockchain technology and cryptocurrency to reinvent…