NFT Project with Random Numbers on Black Background Reaches $40 Million Market Value

With cryptocurrency gaining wide acceptance and popularity, non-fungible tokens have registered a successful presence among the younger generation of merchants. People are investing millions in pixel character images and jpegs, impressing a lot of people. But that’s not all. A lot of weirder things are happening. For an NFT project, which can be described simply … Read more

Cryptocurrency prices plummet, exchange transactions falter as obstacles arise; Bitcoin is down 17 percent

The price of cryptocurrencies plummeted and the crypto trade was delayed on Tuesday, a day when El Salvador struggled as the first country to adopt Bitcoin as its legal currency. Shares of blockchain-related companies also fell as encryption stocks were hit by disruptions in the trading platform. But the main focus was on El Salvador, … Read more

Bitcoin in El Salvador: World’s First Adoption of Cryptocurrency Faces Raging Protests, Failures, and a Fall

The historic adoption of Bitcoin as a legal currency in El Salvador on Tuesday was marred by initial problems, such as a furious protest from suspicious citizens, technological failures and a drop in cryptocurrency hindered the launch. The daring experiment got off to a rocky start when, just after midnight, Salvadoran President Nayib Bukele complained … Read more

Ethereum Rival Solana jumps to 7th place in the Top 10 of cryptocurrencies

The Solana network-linked cryptocurrency jumped to seventh in the world’s 10 largest virtual currencies amid optimism that the blockchain could be a long-term competitor to Ethereum. Solana’s SOL token tripled in about three weeks and now has a market value of over $41 billion (about INR 2,99,640 crores), according to CoinGecko. Proponents trumpet the alleged … Read more

Reese Witherspoon invests in Ethereum, Paris Hilton says she loves bitcoin

The cryptocurrency attracted the attention of businessmen and celebrities. Academy Award-winning actress Reese Witherspoon recently said she bought her first Ethereum coin. This was followed by another celebrity, socialite-entrepreneur Paris Hilton, who shared her love of Bitcoin on Twitter. Ethereum and Bitcoin are the two main cryptocurrencies in terms of market capitalization. Witherspoon, however, did … Read more

Twitter may soon allow users to add Bitcoin and Ethereum addresses to their profiles for tips

Twitter is working to allow users to add Bitcoin and Ethereum addresses to their profiles to receive tips about cryptocurrencies. The new addition may aim to update the Tip Jar feature that the microblogging network introduced earlier this year. Twitter is working to allow users to receive Bitcoin tips through the Tip Jar feature. CEO … Read more

Ether Price Upcoming $4,000 as Upgrade Soon, NFT Momentum Gathers Pace

Ether briefly rose above $4,000 on Friday amid a month-long rise around a major update, and as demand for non-fungible tokens continues to increase. The second-largest cryptocurrency rose to $4,027 on Friday, before reducing earnings. The price was $3,914 at 12:06 pm on Saturday in Hong Kong, trading at levels only previously achieved in May. … Read more

Nigeria to launch its own ‘eNaira’ cryptocurrency in partnership with Bitt

Nigeria will work with Bitt as a technical partner in its bid to launch its own cryptocurrency, the “eNaira,” the central bank said on Monday. The central bank announced plans to launch its own digital currency later this year after Nigeria banned banks and financial institutions from trading or facilitating transactions in cryptocurrencies in February. … Read more

CryptoPunks becomes the second Ethereum-based NFT project to achieve $1 billion in lifetime sales

CryptoPunks – the popular non-fungible token (NFT) project – surpassed the $1 billion mark (about Rs. 7,330 crores) in sales of all time on August 28 to become only the second NFT project to have reached the done. CryptoPunks, which consists of 10,000 Ethereum-based NFTs, currently ranks second with an all-time sale of $1.16 billion … Read more

NFT sales rise as speculators pile up, skeptics see bubble

Sales of non-fungible tokens (NFT) surged in August, according to the biggest platform for the growing digital asset class, as speculators bet growing interest in the arts, sports and media worlds will keep prices rising. The niche cryptocurrency asset, which is a blockchain-based record of ownership of a digital item such as an image or … Read more