CryptoNews

Market Dynamics Shift as NFT Sales Tumble 63% Year Over Year – Market Updates Bitcoin News

According to recent statistics on non-fungible tokens (NFTs) for the past year, sales hit $8.70 billion in 2023. This figure represents a $15.04 billion or 63.35% decrease in NFT sales compared to the previous year. 2023’s NFT Sales Volume Declined Sharply, but Year-End Market Dynamics Hint at Diversity and Growth Throughout 2023, despite an uptick in demand towards the year’s end, the annual…
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CryptoNews

Cryptocurrency Miner Kidnapped for Ransom in Russia

In Izhevsk, Russia, a 23-year-old bitcoin miner was forcefully abducted from his residence as kidnappers demanded a ransom of 15 million rubles ($166,000). 23-Year-Old Russian Bitcoin Miner Kidnapped for Ransom On Dec. 25, in a rapid sequence of events, it was reported that the crypto miner was kidnapped and subjected to coercion. The ordeal began when he was abruptly seized from his dwelling and…
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CryptoNews

L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value

Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November. Blast’s TVL Hits $1 Billion Initially, on Nov. 22…
CryptoNews

Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates

An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also revealed that Trump’s highest crypto balance reached $4 million. Based on deposit analysis to date, the former U.S. president has sold 1,325 ETH…
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CryptoNews

Solana's Dex Platforms Eclipse Ethereum in Weekly Trade Volumes

Recent statistics reveal that in the last week, decentralized exchange (dex) platforms built on Solana have surpassed Ethereum in market performance. Data indicates that Solana-based dex platforms achieved a volume of $1.447 billion in the past day, overshadowing the $1.282 billion recorded by Ethereum trading platforms. Solana Surges Past Ethereum in Dex Volume Solana’s recent price surge…
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