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The global non-fungible token market is showing signs of a mild rally, marked by a slight increase in trading sales volume in some of the blockchain networks. BNB Chain, a renowned blockchain network from the Binance crypto exchange platform, is one of the blockchain networks that has seen increased trading sales volume in the non-fungible token market. In the past seven days, the BNB Chain has surpassed top NFT chains like Mythos Chain, Polygon, and the Solana network. BNB Overtakes Polygon In The NFT Market Chart Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer that tracks non-fungible token collections from over 20 blockchain networks, shows that BNB Chain has recorded positive growth in the NFT market this week. In the past seven days, the BNB Chain-based NFTs have raised a trading sales volume of $22 million. BNB Chain has surpassed other top NFT blockchain networks such as Polygon, Mythos Ch...

BlackRock’s iShares Bitcoin Trust ETF (IBIT) bought another $336 million worth of Bitcoin (BTC) in a single day, adding 3,005 BTC to its holdings and bringing its total assets under management to over $72.7 billion. When BlackRock filed for IBIT in 2024, Bitcoin’s price was $30,000. Now, it’s approaching $110,000, which is a return 7x that of the S&P 500, as noted by analyst Eric Balchunas on June 10.  The success comes as U.S. spot Bitcoin exchange-traded funds (ETFs) near a combined $1 trillion in trading volume, up from $100 billion in March.  The momentum allowed IBIT to hit a new all-time high of $62.75 per share yesterday, marking a nearly 150% return for investors since its January 2024 debut. At press time, IBIT is sitting at $62.06 in pre-market, marking a -0.37% dip. IBIT 24-h price. Source: Google Ethereum ETFs In addition to BTC, BlackRock has also reportedly acquired $80.6 million worth of Ethereum (ETH).  Following the ne...

A prominent crypto analyst says deep-pocketed investors have been spotted loading up huge amounts of Ethereum (ETH). Trader Ali Martinez tells his 119,200 followers on the social media platform X that crypto whales gobbled up more than $3.80 billion worth of Ethereum in a two-day span. “Whales have bought over 1.14 million Ethereum $ETH in [48 hours!]” Source: Ali Martinez/X At time of writing, Ethereum is trading for $3,340. The trader is also keeping an eye on the interoperable blockchain Polkadot (DOT). According to Martinez, DOT looks primed to ignite a big upside burst as it threatens to break out from a bullish continuation pattern. “Polkadot DOT looks ready to break out of a bull pennant, targeting $17!” Source: Ali Martinez/X At time of writing, DOT is worth $6.34. Looking at the layer-1 protocol Aptos (APT), Martinez warns that the crypto asset appears to be forming a bearish reversal structure on the 12-hour chart. The trade...

A widely followed cryptocurrency analyst and trader is saying that an altcoin in the Solana (SOL) ecosystem is at a critical juncture. The analyst pseudonymously known as Sherpa tells his 234,700 followers on the social media platform X that the memecoin Popcat (POPCAT) is at a “do-or-die” level. Based on Sherpa’s POPCAT chart, it appears that the Solana-based memecoin has formed a head and shoulders pattern on the daily time frame and could plunge if the support level fails to hold. A head and shoulders pattern is typically considered a bearish pattern in technical Analysis . Source: Sherpa/X POPCAT is trading at $0.802 at time of writing, up by 21,147% since the January 5th low of $0.00379. Next up is Bitcoin (BTC). According to Sherpa, there are several reasons to remain bullish on Bitcoin and other crypto assets, even after a recent correction that saw the flagship digital asset briefly dip below the $100,000 price. “Bitcoin dominance has yet to come ...

The cryptocurrency market slightly recovered over the weekend, with Bitcoin (BTC) briefly reclaiming the $64,000 level. Other crypto assets followed BTC’s lead, with Ripple’s XRP rallying 5% in the weekly charts and 6% in the 14-day charts. The asset continues to glow red in the other time frames, falling 1.7% in the last 24 hours and 0.5% over the previous month. Also Read: Bitcoin Climbs 5% as Powell’s Remarks Ignite Crypto Market Market Resurgence and Its Causes Source: CoinGecko The latest market rally is likely due to Federal Reserve chair Jerome Powell’s announcement of interest rate cuts beginning in September 2024. Traders and investors had long anticipated a rate cut this year. Impact of Interest Rate Cuts Also Read: Shiba Inu Forecasted to Hit $0.005: Here’s When The drop in interest rates could boost investor confidence to invest in riskier assets, such as cryptocurrencies. Ripple’s XRP token seems to have benefitted from the Fed’s announcement. ...

Source: AdobeStock / Andriy Blokhin The US Securities and Exchange Commission (SEC) has filed charges against the founder and three promoters of Trade Coin Club, arguing that they duped investors into sinking money in a fraudulent crypto trading bot. In a Friday announcement, the regulatory body said Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault, who were involved in the crypto project , raised 82,000 BTC (worth around $300 million) from over 100, 000 investors worldwide between 2016 to 2018. The Trade Coin Club founder Braga reportedly deceived investors by telling them they could generate “minimum returns of 0.35% daily” from a “crypto asset trading bot,” but instead used these funds to compensate himself, Paradise, Taylor, and Tetreault. We allege that Braga used Trade Coin Club to steal hundreds of millions from investors around the world and enrich himself by exploiting their interest in inves...

On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organization, said that the regulator is currently suffering from a lack of personnel that makes it challenging to give the attention needed to the growing cryptocurrency market . Brazilian Securities Regulator CVM to Create Separate Crypto Regulatory Institution The growth of the cryptocurrency market is causing troubles for some regulatory agencies around the world that lack the manpower needed to reach all actors in the market. The Brazilian Securities Regulator, CVM, announced on Nov. 1 that it will create a crypto-specific superintendence with the objective of exercising the needed oversight over all participants in the market. Joao Pedro Nascimento, president of the CVM, stated that one of the causes of this decision is the lack of manpower the organization is experiencing right now, wh...

India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can be applied to them. Indian Crypto Exchanges to Provide Details of Coins Traded on Their Platforms to Tax Authority India’s Central Board of Indirect Taxes and Customs (CBIC) has asked major Indian crypto exchanges to provide details about the cryptocurrencies traded on their platforms, Business Standard reported Friday. A senior official was quoted as saying: We had meetings with crypto exchanges on wide-ranging issues relating to the asset class. We have sought a detailed report on different crypto products being traded and their respective transaction fees and how they are getting calculated. In addition, the CBIC is reportedly evaluating the taxability of crypto transactions to determi...

Source: AdobeStock / prima91 Major crypto company Blockchain.com is allegedly in talks over down-round fundraising that could see its valuation slashed by more than 70%.  The crypto exchange reportedly aims to raise funds at a fraction of the $14 billion valuation it achieved earlier this year, Bloomberg reported Thursday, citing people with knowledge of the matter.  "The fundraising would follow strategic financing the company obtained in the third quarter at an unspecified valuation from investors led by UK-based investment firm Kingsway Capital," the report said.  While nothing has been locked down and talks to raise money are still preliminary, the digital asset company is likely to raise funds at a valuation of $3 billion to $4 billion, down by more than 70% compared to its latest fundraising round.  In late March, Blockchain.com reached a $14 billion valuation in a Series D funding round led by Lightspeed Venture Partners. While the compan...

Join Our Telegram channel to stay up to date on breaking news coverage Dash 2 Trade crypto presale has surpassed expectations and raised upwards of $2 million in less than a week. Stage 2 has begun, and 12 million tokens out of this stage’s 70 million supply are already sold out. Those who’re late to this presale party still have a chance to participate in the presale with a slight price increase. It is now worth $0.05.  Those who miss their shot during this stage would have to buy Dash 2 Trade at $0.0513.  By the time the presale reaches its ninth stage – which we suspect might happen before the end of this year – Dash 2 Trade token will be worth $0.0662.  Dash 2 Trade is shaping to be one of the hottest cryptos of 2022, a year that has already seen its fill of successful crypto presales.  Dash 2 Trade is bringing pro tools to ordinary traders Not being able to assess the volatility of the crypto market has been the biggest short...

BNY Mellon is now open to providing crypto custody services to its users. As the world explores cryptocurrencies and the market expands, companies and organizations want to get their hands on digital assets. The worldwide demand for crypto services and investment alternatives increasing. Banks cannot simply ignore the offer but rather provide a secure and regulated means for consumers to participate. Banks across the globe are trying to explore cryptocurrencies. Many of them are already diving into it by providing crypto custody services. In the latest announcement, the Bank of New York Mellon is opening up the doors for crypto custody services. JUST IN: 🇺🇸 World's largest custodian Bank , BNY Mellon , launches # crypto custody services. — Watcher.Guru (@WatcherGuru) October 11, 2022 BNY Mellon to begin receiving crypto from Tuesday The Bank of New York Mellon stated that it will begin receiving cryptocurrencies from clients on Tuesday. It wi...