The BRC-20 token standard has recently become the talk of the town in the crypto industry. It has gained significant attention due to the memecoin craze. This token standard is still subject to some constraints regarding the broader crypto landscape. Bitfinex, a leading crypto exchange, has recently released a report emphasizing the potential of this
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The topic of memecoins’ security and dependability as a medium of exchange remains a hotly debated topic in the world of cryptocurrency. While memecoins are considered safe and decentralized by some, their volatility and lack of oversight concern others. Proponents of memecoins argue that their decentralized nature gives users more control over their money and
According to data from cryptoslam.io on May 14, 2023, Bitcoin NFT sales have become a significant contributor to the digital collectible sales landscape among 21 distinct blockchains. While Ethereum NFT sales continued to dominate with $111.26 million in sales, Bitcoin-based NFTs, also known as Ordinal inscriptions, secured the runner-up position. The data demonstrates that Bitcoin
NFTs have been shaking up the art world, tech world, and other subcultures since 2021. In 2022, artists and collectors made fortunes off NFTs, with significant brands launching NFT and Metaverse projects. However, the market started to falter towards the end of the year, and many in the NFT space feel the pinch of this
The People’s Court of Ho Chi Minh City is currently trying 16 Vietnamese individuals who are suspected of being behind a $1.5 million cryptocurrency robbery and kidnapping. Among these suspects are two ex-police officers. The incident began in 2018 when Le Duc Nguyen advised Ho Ngoc Tai to sell around 1,000 BTC to purchase other
This week has seen Ethereum, Ripple, Cardano, Pepe, and Dogecoin take center stage in the cryptocurrency market. Ethereum has fallen by 7.4% since the market turned red, and the $1,800 level has become a resistance level, signaling a significant change in the structure. The momentum has turned bearish, and the coming week may see a
Elon Musk, the entrepreneur and CEO of Twitter, announced that he has found someone to replace him as the chief executive officer of the social media platform. In a tweet, he confirmed that he would be staying with the company but in other executive roles. Musk did not reveal the identity of the new CEO
ATPBot is a groundbreaking platform that combines AI technology with quantitative trading. It is the first trading bot of its kind, with unparalleled performance in the industry. Like ChatGPT, ATPBot uses machine learning algorithms to generate profitable trading strategies. It is designed to provide personalized trading strategy recommendations based on quantitative artificial intelligence analysis. By
Ripple’s current price is in a precarious position as it approaches a crucial support region consisting of the 200-day moving average and the $0.41 price zone. If the price falls below this critical level, it could potentially trigger a significant downturn toward the descending trendline. Looking at the daily chart, it is evident that after
Binance, a leading cryptocurrency exchange, announced on May 12 that it would be halting operations in Canada. The company explained that it was joining other crypto companies that are proactively withdrawing from the Canadian marketplace. Although Canada is a small market that holds sentimental value for Binance, the recent regulatory guidance has made operating in
The Securities and Exchange Commission (SEC) recently revealed that Coinbase CEO, Brian Armstrong, was granted security benefits of $6.3 million in 2022, more than triple the amount in the previous year. The disclosure has coincided with a regulatory tussle for Coinbase in the United States. Compensation and Benefits Armstrong’s total compensation for the year was
MakerDAO, the company behind the Dai stablecoin and Maker governance token, has unveiled its Endgame roadmap, which includes a heavy emphasis on artificial intelligence (AI) technologies and the development of a new blockchain. The first phase of the project involves a full rebranding to unify the Dai (DAI) and Maker (MKR) brands. While Dai and
Bitcoin’s recent decline has not deterred analysts from maintaining a long-term bullish outlook. Despite a decline in price, the long/short ratio has continued to climb, according to analyst Philip Swift, co-founder of trading suite Decentrader and creator of data resource LookIntoBitcoin. One factor contributing to analysts’ optimism is Bitcoin’s halving, which has followed a set
Pepecoin (PEPE) experienced a 65% decrease in its market valuation on May 12, a week after reaching its record high of $1.54 billion. The primary reason behind the extreme price correction is profit-taking. After its launch on April 14, Pepecoin rallied from almost nothing to as high as $0.00000372, emerging as the fastest-growing ERC-20 token
MetaMask, the web3 wallet, recently announced on May 11th that it has introduced PayPal as a payment option for Ethereum purchases. Nonetheless, this new payment channel is currently only available to U.S. users. MetaMask noted that it is the first web3 wallet that allows its users to buy ETH using PayPal, a leader in the
Walken, a sustainable play-to-earn gaming project, has had a successful first year, establishing itself as a leader in casual gaming powered by Web3. Now, it is evolving into its next phase, called the Cuze, which aims to provide a fun and rewarding experience for its users while harnessing the earning potential of Web3 for creators
China, one of the world’s largest economies, has recorded its lowest inflation rate in over two years, according to data provided by the National Bureau of Statistics (NBS). The Consumer Price Index (CPI) increased by 0.1% year-over-year, a significant drop from March’s 0.7% increase. The decrease in prices can be attributed partly to the decline
On Thursday around 4 p.m. (ET), the Ethereum blockchain encountered a temporary halt in processing ETH transactions and achieving consensus for approximately 25 minutes. The halt was noticed by Ansgar Dietrichs, a researcher at the Ethereum Foundation. He stated that the beacon chain had a brief period of non-finalization but the robustness of the chain
Recent data has shown that liquid staking protocols are continuing to grow, with top decentralized finance (defi) protocols recording an additional 441,110 ethereum (ETH) in just 12 days. As of May 12, 2023, the total value locked (TVL) in liquid staking derivatives (LSDs) stands at 8,872,715 ether, equivalent to $16.101 billion. This marks a significant
Coinbase, a popular cryptocurrency exchange, has announced the formation of a Global Advisory Council. The company hopes that this council will assist them in navigating the increasingly complex regulatory landscape surrounding the cryptocurrency industry, both domestically and internationally. The Council The Global Advisory Council will include a number of high-profile members, including pro-crypto regulation Senator
On Thursday, May 11, 2023, a dormant Bitcoin wallet created on June 19, 2011, transferred 139.7 BTC, worth $3.7 million at the time of transfer. Btcparser.com flagged this activity which occurred at block height 789,291 at 8:14 p.m. (UTC). This is the latest in a series of transactions from inactive 2010 and 2011 wallets, which
LG Electronics is taking a significant step forward in innovation by acquiring a patent for a revolutionary concept that will redefine the home entertainment experience. The electronics conglomerate is currently working on a TV that will allow users to not only watch their favorite shows but also trade Non-Fungible Tokens (NFTs). Picture yourself flipping through
Pudgy Penguins are not only cute but also promoting intellectual property utilization and community empowerment. Launched in July 2021, this collection of 8,888 NFTs brings positivity and good vibes to everyone in their orbit. As a proud owner, you get exclusive access to experiences, events, IP licensing opportunities, and more. The Pudgy Penguins’ Objectives The
The past 24 hours have seen Bitcoin drop to a new two-month low before recovering by over $1000. This is in contrast to altcoins, which have seen gains in the same period. LDO is the top performer with a double-digit price surge. Inflation Rates Slow Down The US CPI numbers for April revealed that inflation
Mooky is a new meme coin that aims to make a difference for both investors and the environment. Unlike other meme coins, Mooky is focused on environmental protection and community-driven initiatives. It offers its supporters unique features like Ventures Club, 3D NFTs, and upcoming mini-games. With its verified and audited contract code, Mooky ensures complete
Bankrupt cryptocurrency exchange FTX’s claims agent has recently posted that the US Internal Revenue Service (IRS) is claiming a total of $44 billion from the exchange’s bankruptcy and related firms. The IRS is claiming $38 billion against its sister quantitative trading firm Alameda Research. The IRS assessed $20.4 billion in unpaid partnership and payroll taxes
Beth Hammack, co-head of Goldman Sachs’ Global Financing Group within the Investment Banking Division, has warned of the risks associated with the U.S. defaulting on its debt obligations. Hammack spoke out on Bloomberg Television, highlighting that international investors are perplexed by the U.S.’s unwillingness to pay its bills. She stated that the current situation is