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Hi, everyone I have one question. A few days ago, i receive a nft helping level up phaver, but i am still level 1. Help me …
GM😄
Thesedays, meme coins are so popular. What do you have a memecoin, guys?? Recom plz
BabyDoge Hikes Over 50%; Will Binance List the Meme Coin? CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR! BABYDOGE becomes the 3rd largest memecoin as per market cap. The meme token price surged about 50% in a week. Baby Doge Coin, another prominent dog-themed memecoin, attracted many investors’ trust in the crypto market and never failed to surprise the “BABYDOGE Army” with its price actions. Yes, apart from Dogecoin (DOGE) and Shiba Inu (SHIB), Baby Doge is advancing alongside the broader cryptocurrency market, with gains of 5% over the previous day and 50% in the last 7 days. In just two short years, Baby Doge Coin has experienced tremendous growth. BABYDOGE has a market cap of $564 million and has grown to be the third-largest meme coin, as per its official Twitter account. Also, the development team announced on April 14 that the altcoin will be “listed on the top 5 crypto exchanges,” which is scheduled today. The listing may increase traffic to the well-known cryptocurrency, even though the team has not disclosed the name of the exchange. According to CoinMarketCap, the top 5 crypto exchanges are Binance, Coinbase, Kraken, KuCoin, and Bitfinex. The Baby Doge Army awaits the largest cryptocurrency exchange, Binance, to list it. Crypto Market Attention Turns to BABYDOGE
Tether Accessed US Banks Through Signature Bank The stablecoin provider, however, did use the bank’s proprietary software to access the U.S. financial system. Signature And Signet Tether, which is the largest stablecoin issuer in the world, has denied all claims that it was exposed to the now-collapsed Signature Bank. The latter was forced to shut down all operations, and some of its loans were taken over by the New York Community Bancorp (NYCB). The bank also shut down the accounts of all crypto-related clients. However, the bank’s proprietary software Signet, which allows clients to send funds in USD across different crypto platforms, is being handled officially by the Federal Deposit Insurance Corporation. This real-time payments platform has been an important tool for many major crypto clients and is currently still operational even after the shutdown of the bank. Tether Used Signet For Funds Transfer Regarding the question of Tether’s exposure to the Signature Bank, it is known that the stablecoin issuer did not have an open account at the bank. However, according to some unnamed sources, the crypto firm had used Signet. The reports claim that Tether used the payment service to transfer U.S. clients’ funds from the United States to the Capital Union Bank in the Bahamas. These transactions continued till the Signature Bank was shut down and taken over by regulators in March. The Tether team was reached out for a comment. In response, the team said, “Banks used by Tether always had access to several banking channels and counterparties. This enabled us to identify particular risks and weaknesses that others had missed, ensuring our entities wouldn’t be affected by either direct or indirect exposure to Signature.” Tether Had No Signature Account The rumor of Tether’s exposure to Signature Bank first started with a Bloomberg article, which made it appear that Tether had used the bank to find a path into the U.S. financial system. However, the stablecoin provider sent out emails to other news outlets clarifying its official response to the situation. In the emails, the company re-emphasized that it has had no exposure to any of the three recently-collapsed banks - Silvergate, Silicon Valley, and Signature. The email also called out the article for failing to mention that no Tether account was set up at the bank. Tether CTO, Paolo Ardoino tweeted, “As I stated on 12th of March 2023, Tether didn't have any direct or indirect exposure to Signature. Good risk management where everyone failed.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Astar Network Launches Second Iteration of Smart Contracts Astar Network Launches Second Iteration of Smart Contracts, Supporting Ethereum Virtual Machine and WebAssembly Virtual Machine Astar Network, a multichain decentralized application (DApp) protocol, has announced the launch of the second iteration of its smart contracts on its mainnet on April 6. This iteration will support both Ethereum Virtual Machine (EVM) and WebAssembly Virtual Machine (WASM VM), and the Astar team claims that having both virtual machines and allowing interactions between the two is a "key success factor" in an emerging layer-1 blockchain. According to the Astar team, even though the Ethereum network brought about the Web3 revolution through smart contracts, it cannot build the future of blockchain on its own. Therefore, Astar Network is offering an alternative for developers who want to utilize the benefits of both EVM and WASM VM. To celebrate the launch, the Astar team has invited community members to a panel discussion led by its executives and various Polkadot developers to discuss how WASM can be utilized. The company will also meet with its infrastructure partners who will build the foundations for the WASM environment. This announcement comes as Ethereum layer-2 scaling solution Polygon has recently released its zkEVM beta to its mainnet, allowing developers to deploy smart contracts at lower costs. Polygon founder Sandeep Nailwal described zero-knowledge (ZK) proofs as the “holy grail of Ethereum scaling.” The release of Polygon's zkEVM beta and Astar Network's launch of its second iteration of smart contracts both offer alternative solutions for developers who want to utilize the benefits of Ethereum scaling. Meanwhile, the Web3 Foundation, the team behind Polkadot, has once again argued that the Polkadot (DOT) token is not a security. On Jan. 26, the firm restated that DOT has already morphed away from being a security and said that the United States Securities and Exchange Commission has welcomed talks with the firm. In conclusion, Astar Network's launch of its second iteration of smart contracts that support both EVM and WASM VM offers an alternative solution for developers who want to utilize the benefits of both virtual machines. As the blockchain industry continues to grow and evolve, it is likely that we will see more alternative solutions and protocols emerge to meet the demands of developers and users alike.
Astar Network Launches Second Iteration of Smart Contracts Astar Network Launches Second Iteration of Smart Contracts, Supporting Ethereum Virtual Machine and WebAssembly Virtual Machine Astar Network, a multichain decentralized application (DApp) protocol, has announced the launch of the second iteration of its smart contracts on its mainnet on April 6. This iteration will support both Ethereum Virtual Machine (EVM) and WebAssembly Virtual Machine (WASM VM), and the Astar team claims that having both virtual machines and allowing interactions between the two is a "key success factor" in an emerging layer-1 blockchain. According to the Astar team, even though the Ethereum network brought about the Web3 revolution through smart contracts, it cannot build the future of blockchain on its own. Therefore, Astar Network is offering an alternative for developers who want to utilize the benefits of both EVM and WASM VM. To celebrate the launch, the Astar team has invited community members to a panel discussion led by its executives and various Polkadot developers to discuss how WASM can be utilized. The company will also meet with its infrastructure partners who will build the foundations for the WASM environment. This announcement comes as Ethereum layer-2 scaling solution Polygon has recently released its zkEVM beta to its mainnet, allowing developers to deploy smart contracts at lower costs. Polygon founder Sandeep Nailwal described zero-knowledge (ZK) proofs as the “holy grail of Ethereum scaling.” The release of Polygon's zkEVM beta and Astar Network's launch of its second iteration of smart contracts both offer alternative solutions for developers who want to utilize the benefits of Ethereum scaling. Meanwhile, the Web3 Foundation, the team behind Polkadot, has once again argued that the Polkadot (DOT) token is not a security. On Jan. 26, the firm restated that DOT has already morphed away from being a security and said that the United States Securities and Exchange Commission has welcomed talks with the firm. In conclusion, Astar Network's launch of its second iteration of smart contracts that support both EVM and WASM VM offers an alternative solution for developers who want to utilize the benefits of both virtual machines. As the blockchain industry continues to grow and evolve, it is likely that we will see more alternative solutions and protocols emerge to meet the demands of developers and users alike.
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Terra co-founder sought for arrest South Korean authorities are intensifying their efforts to track down and arrest Shin Hyun-Seong, also known as Daniel Shin, co-founder of cryptocurrency platform Terra. This follows the recent arrest of his fellow co-founder, Do Kwon, who was detained in Montenegro while attempting to board a plane using fake travel documents. The authorities have suspected the involvement of numerous Terra colleagues in promoting unstable investment opportunities with Terra (LUNA) and TerraUSD (UST) tokens since November 2022. However, with Kwon's arrest on March 23, 2023, they are now making a fresh attempt at Shin's arrest, according to a Bloomberg report. The prosecutors are reportedly undertaking a renewed push to detain Shin, but no official announcement has been made public in this regard. Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra's collapse. However, Shin claims to have had no involvement in Terra after January 2020, as evidenced by his LinkedIn profile. Nonetheless, arrest warrants have been sought for Shin, along with three investors and four engineers, on charges of fraud, breach of duty, violation of capital markets law, and illegal fundraising. Meanwhile, Kwon remains detained in Montenegro after being caught with fake travel documents. While his legal representative claims that there was no intended use of fake documents, the Montenegrin court approved the extension of Kwon's detention by 30 days upon request by the authorities. Kwon's identity was not clearly identified, and he is considered a foreign national. Terra, founded in 2018, is a blockchain-based platform that enables users to transact with stablecoins backed by fiat currencies. The platform's main token, LUNA, has seen significant growth in recent years, with a market capitalization of over $20 billion as of March 2023. However, the platform has also been the subject of controversy, with allegations of insider trading and market manipulation. The case against Terra's co-founders and colleagues underscores the risks and challenges associated with investing in cryptocurrencies and other digital assets. As the market continues to evolve and attract greater scrutiny from regulators and law enforcement agencies, investors must exercise caution and due diligence to protect their interests.
MicroStrategy Acquires More Bitcoin Amid Market Recovery Business intelligence firm and major Bitcoin investor, MicroStrategy, has announced that it is acquiring more Bitcoin amid the recent cryptocurrency market recovery. According to a recent form 8-K filing with the United States Securities and Exchange Commission, MicroStrategy repaid its $205 million loan to Silvergate at a 22% discount and acquired 6,455 Bitcoin for $150 million. The latest purchase brings the total amount of BTC held by the company to 138,955, which was bought for $4.1 billion at an average price of $29,817 per coin. The company acquired its latest batch of Bitcoin between Feb. 16, 2023 and March 23, 2023. The purchase marks MicroStrategy's first Bitcoin acquisition of 2023, with the previous purchase taking place in late December 2022, when the company bought 2,395 BTC for $42.8 million at an average price of $17,181 per coin during the period from Nov. 1 to Dec. 21. In addition to the BTC purchase, MicroStrategy sold class A common stock worth $500 million. According to the latest updates, the company issued and sold an aggregate of 1,348,855 shares under the sales agreement for aggregate net proceeds of approximately $339 million. As previously announced, MicroStrategy's subsidiary, MacroStrategy, received a $205 million term loan from Silvergate Bank in March 2022 under its Silvergate Exchange Network Leverage program. The loan was collateralized by certain Bitcoin owned by MacroStrategy and had a scheduled maturity date of March 23, 2025. Under the terms of the credit agreement, MacroStrategy was required to maintain a loan to collateral value ratio of less than 50%. On March 24, 2023, MacroStrategy and Silvergate entered into a prepayment, waiver, and payoff to credit and security agreement, with MacroStrategy voluntarily prepaying Silvergate around $161 million in full repayment. According to the filing, "Upon Silvergate's receipt of the payoff amount, the credit agreement was terminated, and Silvergate released its security interest in all of MacroStrategy's assets collateralizing the loan, including the Bitcoin that was serving as collateral." MicroStrategy's co-founder and former CEO, Michael Saylor, took to Twitter to announce the loan repayment and Bitcoin acquisition. The company's ongoing acquisition of Bitcoin has made it one of the largest institutional holders of the cryptocurrency.
Terraform Labs Co-Founder Do Kwon Appeals Extended Detention Do Kwon, the co-founder of Terraform Labs, was recently arrested at Podgorica airport in Montenegro for attempting to fly to Dubai using fake documents. Following his arrest, the Montenegrin court approved a 30-day extension to Kwon's detention period, which is longer than the usual 72-hour period allotted by authorities. Kwon's legal representative has confirmed that they will be appealing the court's decision to extend his detention time. The decision was made due to the high possibility of Kwon attempting to escape, as he is a foreign national whose identity was not clearly identified. This is not the first time that Kwon has been suspected of moving between countries. Since the collapse of the Terra ecosystem, South Korean authorities have been investigating Kwon's movements between Singapore, Dubai, and Serbia. On March 23, just a few hours after Kwon's arrest in Montenegro, United States prosecutors in New York charged the entrepreneur with fraud. Terraform Labs is a blockchain company that focuses on building decentralized financial infrastructure. The company's native cryptocurrency, LUNA, has experienced significant growth in the past year, with a market capitalization of over $12 billion. Kwon's arrest has raised concerns about the impact on the company and the cryptocurrency market as a whole. The arrest has also shed light on the issue of using fake documents to travel. This is not the first time that a high-profile individual has been caught using fake documents, and it highlights the need for stricter regulations and checks at airports. Kwon's case also underscores the importance of verifying the identity of individuals, particularly foreign nationals, to prevent potential security threats. As Kwon's case unfolds, it remains to be seen how it will impact the cryptocurrency market and Terraform Labs as a company. The company has not yet released an official statement regarding Kwon's arrest and charges. However, the situation will likely have significant implications for the company and its stakeholders. It also highlights the need for increased scrutiny and due diligence in the cryptocurrency industry, as it continues to grow and evolve.
PancakeSwap [CAKE] was left alone in bull rally, will the v3 launch help By Dipayan Mitra March 26, 2023 V3 launch’s hype was not enough for CAKE to paint its chart green during the bull run. Metrics were bearish, which decreased the chances of a trend reversal in the near term. PancakeSwap [CAKE] is all set to release its latest version on 14 April, which might play a role in increasing the network’s transactions. According to Dune, CAKE’s number of transactions has taken a sideways path lately. Read PancakeSwap’s [CAKE] Price Prediction 2023-24 In preparation for the V3 launch, PancakeSwap recently posted a new proposal for a Space ID Farm. This comes after CAKE announced its integration with SpaceID earlier on 24 March 2020. More than 400,000 users will be able to view .bnb domains on BSC PancakeSwap as a result of the integration. What’s the new proposal all about? As per the latest voting proposal, to find, register, trade, and manage web3 domains, Space ID is developing a complete name service network with a single identification platform. As part of the preparation for CAKE’s v3 rollout, this proposal will also increase APRs for certain pairs across PancakeSwap. V3 launch hype not helping CAKE While PancakeSwap continues to work towards the v3 launch, its token is yet to benefit from it. Despite the latest bullish market, CAKE’s price did not increase. In fact, CAKE’s price declined by over 6% over the last week, and at press time, it was trading at $3.70 with a market capitalization of more than $689 million. Nonetheless, CAKE showed some signs of recovery, as its daily chart was painted green and it was also trending (at press time) on CoinMarketCap. Is a trend reversal viable? A look at CAKE’s on-chain metrics gave a better understanding of the current scenario and whether the price can turn in investors’ favor. As far as the metrics were concerned, a trend reversal seemed unlikely. How much are 1,10,100 CAKEs worth today? For instance, CAKE’s volume registered an increase while its price plummeted. CAKE’s MVRV Ratio was also considerably lower, which is a bearish signal. Not only that, but positive sentiments around CAKE have plummeted in the last few days, reflecting less confidence among investors in the token. Source: Santiment The whale transaction count has also declined, further suggesting low faith in CAKE. Nonetheless, LunarCrush’s data looked quite bullish. In a recent tweet, BSCDaily mentioned that PancakeSwap was one of the top BNB Chain projects by Altralk, which typically is a bullish signal. Dipayan is a full-time journalist at AMBCrypto. He has 2 years of experience in the content creation industry. A graduate in journalism, Dipayan has a keen interest in keeping himself updated with the latest developments in the crypto-space. He is a singer and a guitarist who also enjoys going on long bike rides.
Pavia, the first Cardano-based metaverse Metaverse / Blog / Tech Deep Dives The city of Pavia in Italy is the birthplace of Gerolamo Cardano. Does the family name sound familiar by any chance? Well, it is Charles Hoskinson's brainchild. He named his blockchain project after Gerolamo. Now the first metaverse on Cardano has arrived, and its name is Pavia. This makes the circle round again. Virtual real estate prices are surging at the moment. The Cardano blockchain does not want to fall behind. They want their piece of the pie too. The Pavia metaverse already has 17,000 landowners and counting. One important factor is that it is still very early days for Pavia. Therefore, building or visiting any virtual land plot is not possible at the time being. However, become part of the Pavia community and decide on key aspects of the experience.
White House blasts digital assets in new report, sees little value in crypto Quick Take A White House report paints a dim picture of digital assets, arguing their use cases have not been fulfilled while suggesting they present risks to consumers and the broader financial system. The report may signal a shift in approach by the Biden administration, from ostensibly agnostic about the sector to openly adversarial. A new report from the White House blasts digital assets as failing to live up to their purported initial promise and raising risks for both consumers and the entire U.S. financial system. The president’s annual economic report to Congress casts major doubt on the benefits of digital assets, and comes almost exactly a year after President Joe Biden ordered multiple federal agencies to research and issue reports on the matter. Noting that digital assets have been touted as distribution tools for intellectual property and financial value, a better payment mechanism, an avenue for increased financial inclusion and a way of cutting out financial middlemen, the report argues that “so far, crypto assets have brought none of these benefits.” “Indeed, crypto assets to date do not appear to offer investments with any fundamental value, nor do they act as an effective alternative to fiat money, improve financial inclusion, or make payments more efficient; instead, their innovation has been mostly about creating artificial scarcity in order to support crypto assets’ prices — and many of them have no fundamental value,” the report issued by the Biden administration says. “This raises the question of the role of regulation in protecting consumers, investors, and the rest of the financial system from panics, crashes, and fraud related to crypto assets.” Shift in tone The critiques in the report to Congress may signal a shift in approach from agnostic to openly adversarial toward digital assets. The White House suggests that the Fed’s soon-to-be debuted faster payments network may eliminate much of the argument for digital assets, saying that “continued investments in the nation’s financial infrastructure have the potential to offer significant benefits to consumers and businesses.” The report casts doubt on — but does not rule out — the possibility of a U.S. central bank digital currency, saying that CBDCs could hurt credit availability and raise the risk of bank runs. The annual economic report notes that some of the benefits of distributed ledger technology may be achieved in the future. It specifically cites the New York Federal Reserve’s pilot program for a wholesale central bank digital currency aimed at making payments between banks, including cross-border transactions, virtually instantaneous. The White House document also argues that digital assets are neither an effective store of value, nor an effective means of payment. “There is also tension in an asset being promoted as both money and an investment vehicle,” the report reads. “As money, the instrument should have a stable value, suggesting limited price volatility. But as a risky asset, it should experience price volatility, for which an investor would be compensated with a high expected return. Holding everything else constant, the riskier an asset is, the less likely it can effectively serve as money.” That includes the prospect of stablecoins becoming a widely adopted payment tool, the report says. “Stablecoin holders that lack redemption rights may be unable to find willing counterparties to exit their stablecoin positions,” reads the document, which echoes a Financial Stability Oversight Council report that singled out Tether and Circle’s USDC. The White House adds that stablecoins are “too risky” to serve a broad payments purpose yet. But what about the underlying technology? The White House appears to have a dim view of distributed ledger technology as a whole, citing arguments that previously existing technology could perform similar functions better, and poking holes in several specific use cases. It also notes the frequent noncompliance in securities and other financial regulatory law, large numbers of scams, and unusual concentration of activities by crypto trading platforms that would be prohibited at an existing exchange. The White House also blasts proof-of-work mining, arguing that it "has few, if any, attendant benefits,” for the communities where miners set up while increasing local energy costs and heightening the risk of power crises. DeFi doesn’t escape the White House’s criticism either. “Though DeFi applications claim to help broaden access to credit by decreasing intermediation fees, they create serious risks to investors and cause at least two risks for the broader financial system: the use of significant leverage, and the performance of regulated functions without compliance with appropriate regulations.” In the conclusion of its chapter on digital assets, the White House urges that regulators “must apply the lessons that civilization has learned, and thus rely on economic principles, in regulating crypto assets.” The Council of Economic Advisers, one of the two main economic policy units within the White House, drafts the annual report, which the president signs off on. Biden in February nominated Jared Bernstein, a current member of that panel and former Obama and Clinton administration official, to become its chair. Whether the criticisms presented in the report reflect a majority opinion in the administration remains to be seen. Lael Brainard, the former Federal Reserve vice chair and new head of the National Economic Council, the other major White House economic policy group, played an active role in the Fed’s CBDC research. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Preparing for the Crypto Bull Run: A Comprehensive Guide for Success Introduction: Cryptocurrencies are no stranger to extreme volatility, with bull and bear markets taking turns shaping the landscape. As we approach a potential bull run, savvy investors and traders must be prepared to seize the opportunities and manage risks effectively. This blog post will explore essential strategies and tips for navigating the upcoming bull market in the crypto space. Stay Informed and Up-to-Date: In the fast-paced world of cryptocurrencies, staying informed is crucial. Follow reputable news sources, join crypto-focused forums, and monitor social media for the latest developments. Make a habit of reading analysis from industry experts and stay in tune with regulatory changes that may impact the market. Diversify Your Portfolio: While it's tempting to go all-in on a specific coin during a bull market, diversification is vital. Spreading your investments across digital assets will help mitigate risks and maximize potential gains. Consider diversifying across categories such as large-cap, mid-cap, and small-cap tokens or investing in sectors like DeFi, NFTs, or Layer-1 protocols. Establish a Solid Entry and Exit Strategy: Formulate a clear plan for entering and exiting positions. Set reasonable targets for profits and losses, and stick to them. This discipline helps to prevent emotional decision-making and ensures you lock in gains while minimizing losses during the inevitable market corrections. Utilize Dollar-Cost Averaging: Dollar-cost averaging (DCA) is a strategy that involves investing a fixed amount of money in a particular asset at regular intervals, regardless of its price. This approach helps to mitigate the impact of market volatility and spreads the investment risk over time. Keep an Eye on Stablecoins and Staking: During bull markets, it's essential to be mindful of the potential benefits of stablecoins and staking. Stablecoins can provide a temporary haven during market corrections, while staking can generate passive income through interest or yield farming, further maximizing your potential profits. Manage Your Risks: While the bull market brings exciting opportunities, managing risks effectively is crucial. This includes using stop-loss orders, limiting leveraged trading, and investing only what you can afford to lose. Remember that the crypto market is inherently volatile, and fortunes can change quickly. Track Your Portfolio and Tax Implications: Please keep a detailed record of your transactions to monitor your portfolio's performance and ensure you comply with tax regulations. Many jurisdictions treat cryptocurrencies as taxable assets, and accurate record-keeping will help you avoid potential legal and financial issues. Conclusion: As the crypto bull run approaches, it's essential to be prepared with a well-thought-out strategy and a diversified portfolio. Stay informed, manage your risks, and capitalize on opportunities. Remember that the key to success in the volatile world of cryptocurrencies lies in thorough research, discipline, and patience. By following these tips, you'll be well on your way to making the most of the upcoming bull market. #CryptoBullRun #PortfolioDiversification #RiskManagement #DollarCostAveraging #StablecoinsAndStaking
Are NFTs A Good Future Investment CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR! Do you know what NFT is? and how is it different from cryptocurrency? This article will provide you with a wealth of knowledge about NFTs. Everybody knows that the cryptocurrency movement is very strong. But another thing that has emerged in this is NFT and it is becoming very popular day by day. Before continuing to read this article, you may want to clarify your concepts about- Why learn Blockchain and Cryptocurrency? What is NFT? The term 'non-fungible token' (NFT) refers to a token that is not fungible. Non-fungible means that something is distinct and cannot be replaced. On the other hand, real money and cryptocurrencies are fungible, which means they can be sold or exchanged for one another. Every NFT has a different digital identity. NFTs are digital assets that can be pictures, videos, audio recordings, or any other digital media. NFT examples include artwork, comic novels, sports memorabilia, trading cards, games, and more. How Does NFT Work? Non-fungible tokens, also known as NTFs, are digital assets that are stored on a blockchain, which is a distributed public database used to record transactions. Each NFT is distinguished from the others by having unique identifying numbers. This information makes it simple to move tokens between users and confirm ownership. The market determines the worth of NFTs. NFTs are digital representations of commodities and can also reflect things that exist in the actual world, like paintings and real estate. Some users believe that by tokenizing tangible real-world assets in this manner, the purchasing, selling, and exchanging of those assets will be more efficient, and there may even be less chance of fraud. Are NFTs Safe? Blockchain-based NFTs, such as cryptocurrencies, are usually safe. The distributed structure of NFTs makes them virtually unhackable. The only security concern is that, in the unlikely scenario that the hosting site fails, you might not be able to access your NFTs. Why Are NFTs Becoming Popular? NFTs are a development in the history of cryptocurrencies. The majority are an improvement over the typical tradable crypto and are based on smart contracts via the Ethereum network. Each NFT (non-fungible token) has a totally distinct code that enables tracking. While these codes could be valuable collectibles in and of themselves, NFTs gain additional value when combined with digitally created works of art, animated GIFs, music, trading cards, game components, or events that are purchased and sold on the NFT market. That’s why NFTs are gaining popularity and can become a good investment for the times to come. Pros and Cons of NFTs Pros: A new method of making money from digital art. NFT provides a record of authenticity and ownership. NFTs are Accessible. Anyone from anywhere in the world can benefit from it. Cons: Uses a lot of energy and harms the environment. A lot of stolen artwork, scams, and fraudsters. It takes high transaction fees. Top Most Expensive NFTs Sold https://www.niftygateway.com/collections/pakmerge Merge - On December 2, 2021, The Merge was formerly sold for $91.8 million by nearly 30,000 owners, making it the most costly NFT ever. On this top 10 ranking, this is the only NFT with numerous owners. https://www.beeple-crap.com/everydays The First 5000 Days - Beeple is well-known for his artwork. The artwork is basically a collage of 5000 of his works. He vowed to make one piece of art every day beginning in 2007, and this is the outcome. Needless to say, the work was worthwhile. https://www.christies.com/features/Beeple-gets-real-with-human-one-11940-7.aspx Human One - Beeple has sold some of the most costly NFTs ever. HUMAN ONE was sold on November 9, 2021, for just under $30 million. https://www.larvalabs.com/cryptopunks Crypto Punk - Cryptopunk #5822 is part of an NFT collectible series called Cryptopunks, created by Larva Labs. There are many other series of his famous CryptoPunks like CryptoPunk #7523, CryptoPunk #4156, CryptoPunk #3100, etc. Conclusion Investing in NFTs can be a lucrative venture, NFTs have shown much progress in the past years, which has awakened new energy among people. According to sources, NFTs will touch even greater heights in the coming times. NFTs are a valuable addition to any financial strategy because they let you own unique digital assets that are impossible to duplicate. [Nifty Gateway](https://www.niftygateway.com/collections/pakmerge)
Bitcoin bulls rampage: BTC surges past $28,000 for first time since June Quick Take Bitcoin surges past $28,000 for the first time since June. BTC gained a whopping 37.8% for the week and is up 20.8% for the month. Bitcoin bulls are back, as the biggest crypto token by market capitalization surged past $28,000 for the first time since June. The coin was trading at $28,399 at 3:09 p.m. EDT on Sunday, up 5.2% over the past 24 hours, according to TradingView data. It's surged a staggering 37.8% over the week and is up 20.8% over the past month. bitcoin price The rally comes amid speculation that the Federal Reserve could slow, or even pause, the pace of interest rate increases this week as contagion from the collapses of Silicon Valley Bank and Signature Bank continue to reverberate around the world. Credit Suisse is the latest financial institution to fall victim. CME's FedWatch tool shows a 62% chance that rates will be hiked by 25 basis points, with the chance that rates are unchanged coming in at 38%. The Federal Reserve on Sunday announced a coordinated action with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank to enhance the provision of U.S. dollar liquidity. "To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily," the Federal Reserve said in a statement.
Bitcoin bulls rampage: BTC surges past $28,000 for first time since June Quick Take Bitcoin surges past $28,000 for the first time since June. BTC gained a whopping 37.8% for the week and is up 20.8% for the month. Bitcoin bulls are back, as the biggest crypto token by market capitalization surged past $28,000 for the first time since June. The coin was trading at $28,399 at 3:09 p.m. EDT on Sunday, up 5.2% over the past 24 hours, according to TradingView data. It's surged a staggering 37.8% over the week and is up 20.8% over the past month. bitcoin price The rally comes amid speculation that the Federal Reserve could slow, or even pause, the pace of interest rate increases this week as contagion from the collapses of Silicon Valley Bank and Signature Bank continue to reverberate around the world. Credit Suisse is the latest financial institution to fall victim. CME's FedWatch tool shows a 62% chance that rates will be hiked by 25 basis points, with the chance that rates are unchanged coming in at 38%. The Federal Reserve on Sunday announced a coordinated action with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank to enhance the provision of U.S. dollar liquidity. "To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily," the Federal Reserve said in a statement.
Crypto Entrepreneur Bail Package Revised Sam Bankman-Fried is a well-known person in the realm of cryptocurrencies. He is also the co-founder and CEO of FTX, which is one of the most successful platforms for trading digital assets. On the other hand, he has just found himself in the middle of a legal dispute that has the potential to have significant repercussions for his future. The legal actions at issue are connected to the collapse of FTX, which took place in 2018. Bankman-Fried and his colleagues were all listed as defendants in the case, which accused the corporation of a variety of illegal activities, including market manipulation and wash trading. While Bankman-Fried was originally able to stay out of prison, he was obliged to pay a bail bond in the amount of $250 million, which is thought to be the biggest bail bond ever posted in connection with a criminal prosecution in the United States. Since then, Bankman-Fried has been free on bond, but the judge in charge of the case, Lewis Kaplan of the Southern District of New York, has some reservations about his usage of encrypted-messaging applications and virtual private network (VPN) services. Specifically, Bankman-Fried used Signal, a messaging service that provides end-to-end encryption, to contact former coworkers at FTX and Alameda. This prompted Kaplan to forbid him from using such apps and threaten to revoke his bail privileges if he acted out of order. Bankman-use Fried's of Signal prompted Kaplan's response. Currently, the attorney for Bankman-Fried is making preparations to offer a revised bail package to the court. This new bail package may contain additional restrictions or a larger bond sum. It is not yet known how the lawsuit will turn out, but it is quite evident that Bankman-future, Fried's in addition to the reputation of FTX and the cryptocurrency sector as a whole, is on the line.
DeFi Hack Linked to North Korea The DeFi world was rocked when Euler Finance fell victim to the biggest DeFi hack of 2023, with $197 million in funds stolen. Since then, the crypto community has been closely following the on-chain movements of the stolen funds, hoping to track down the attacker. Blockchain investigator Chainalysis recently identified that 100 ETH from the stolen funds was transferred to an address linked to North Korea. The hacker responsible for the Euler Finance hack also transferred 3,000 ETH to Euler’s deployer account without disclosing their intent. However, no other transfers have been made at the time of writing, leaving many in the crypto community speculating whether the hacker was trolling or if they genuinely considered accepting Euler Finance’s bounty reward of $20 million. While Chainalysis has linked the stolen funds to North Korea, it has also highlighted the possibility of misdirection by other hackers. It is unclear whether North Korea is actually involved in the hack or if the hacker was simply using the address to throw investigators off their trail. The Euler Finance hack has raised questions about the security of DeFi platforms, as Euler Labs CEO Michael Bentley expressed disappointment in the hack, revealing that ten separate audits over two years had assured its security. The fact that the hacker was still able to access and steal the funds has highlighted the need for stronger security measures in DeFi platforms. The use of DeFi platforms has skyrocketed in recent years, and the potential rewards have attracted many hackers seeking to exploit vulnerabilities in the system. This has led to an increase in DeFi hacks, with many experts calling for stronger security measures to protect investors’ funds. The Euler Finance hack serves as a reminder that even with multiple security audits, DeFi platforms are not immune to hacks, and investors should exercise caution when investing in these platforms.
U.S. Banking Cutoff Presents Opportunities for Crypto in Europe As crypto firms in the U.S scramble for alternatives to Silvergate and Signature Bank, an opportunity to capitalize on the calamity presents itself for Europe. Europe has struggled at times to keep up with the U.S in terms of crypto innovation. Whether that be via stablecoins, trading volumes or adoption, it has felt like the U.S has been the center of crypto since its inception. Conor Ryder is a research analyst at leading crypto data firm Kaiko. However, the longer it takes U.S banks to declare they’re open for crypto business – i.e., receptive to taking in some of the millions of dollars once parked at Silvergate – the more likely it is that crypto firms could choose somewhere like Europe with more regulatory clarity and easier fiat payment rails. Regulatory clarity in Europe in the form of MiCA, the Markets in Crypto-Assets Act, paints a stark contrast to the ambiguity in the U.S., where firms face new regulatory headwinds seemingly every day. This creates an increasingly challenging environment for the operations of any crypto organization. For new and existing market entrants this is going to be a significant consideration. In addition, it seems that U.S. policymakers are doing their best to suffocate dollar on-ramps into crypto, leaving the door wide open for the rest of the world to gain a competitive edge over the U.S.
As the death toll from the series of catastrophic earthquakes that have obliterated parts of Turkey and Syria continues to rise, the cryptocurrency community has scrambled to help, with the very underlying crypto technology allowing the aid to reach those in need quickly and efficiently. Indeed, around $5.9 million in cryptocurrency donations has poured into organizations assisting the earthquake relief, including the Turkish Ministry of Interior Earthquake Humanitarian Aid Campaign, Turkish Red Crescent, Save the Children, Project Hope, and others, the blockchain data platform Chainalysis said on February 21. Crypto relief adds up Notably, the recent numbers arrive as multiple crypto businesses pledged over $9 million in support of the earthquake victims, including Binance, Gate.io, Bitget, Tether (USDT), Bitfinex, Bybit, BitMEX, OKX, KuCoin, and others, adding to the efforts coming from governments, organizations, and businesses across other industries. It is also important to note that Turkey stands out as the largest crypto market in the Middle East and North Africa (MENA), the region that recorded the highest crypto transaction volume growth year-on-year (YoY) in 2022 among all other geographical areas in the world, assuming 12th place among all countries in Chainalysis’ 2022 Global Crypto Adoption Index.
As the death toll from the series of catastrophic earthquakes that have obliterated parts of Turkey and Syria continues to rise, the cryptocurrency community has scrambled to help, with the very underlying crypto technology allowing the aid to reach those in need quickly and efficiently. Indeed, around $5.9 million in cryptocurrency donations has poured into organizations assisting the earthquake relief, including the Turkish Ministry of Interior Earthquake Humanitarian Aid Campaign, Turkish Red Crescent, Save the Children, Project Hope, and others, the blockchain data platform Chainalysis said on February 21. Crypto relief adds up Notably, the recent numbers arrive as multiple crypto businesses pledged over $9 million in support of the earthquake victims, including Binance, Gate.io, Bitget, Tether (USDT), Bitfinex, Bybit, BitMEX, OKX, KuCoin, and others, adding to the efforts coming from governments, organizations, and businesses across other industries. It is also important to note that Turkey stands out as the largest crypto market in the Middle East and North Africa (MENA), the region that recorded the highest crypto transaction volume growth year-on-year (YoY) in 2022 among all other geographical areas in the world, assuming 12th place among all countries in Chainalysis’ 2022 Global Crypto Adoption Index.
Binance Replaces BUSD with TUSD and USDT in SAFU Fund Binance, one of the world's largest cryptocurrency exchanges, announced on March 17 that it has replaced the Binance USD (BUSD) holdings in its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT). The move comes in response to Paxos' recent move to stop minting new BUSD, which has led to the asset's market capitalization falling. SAFU is an emergency insurance fund established by Binance in July 2018 to protect users' funds in case of security breaches or other unforeseen events. Binance committed a percentage of trading fees to grow the fund, which was valued at null billion as of Jan. 29, 2022. SAFU's wallets initially consisted of BNB (BNB), Bitcoin (BTC), and Binance USD, which has now been replaced by TUSD and USDT. Binance assured users that the change would not impact them, their funds would continue to be held in publicly verifiable addresses, and BUSD would continue to be supported. The exchange added that it would closely monitor the fund to ensure that it remains sufficiently capitalized and top it up periodically as necessary using its own funds. On Feb. 13, BUSD issuer Paxos Trust Company announced it would stop issuing new BUSD effective Feb. 21 in accordance with the directions of and in coordination with the New York Department of Financial Services. Days after reports emerged that United States regulators were scrutinizing Paxos and BUSD, Binance minted nearly $50 million worth of TUSD. The transaction took place on Feb. 16, according to data from Etherscan, and came two days after Binance CEO Chanpeng Zhao mentioned in a Feb. 14 Twitter Space that Binance would look to "diversify" its stablecoin holdings away from BUSD. With the U.S. Securities and Exchange Commission also taking action against BUSD, some crypto community members have questioned whether stablecoins are the real issue at hand or if it's actually about Binance, as the SEC didn't take action against Paxos' gold-backed stablecoin, Pax Gold (PAXG). Stablecoins, such as BUSD, TUSD, and USDT, are digital currencies designed to maintain a stable value relative to a reference asset, such as the US dollar. They have become increasingly popular in recent years as a means of facilitating transactions on cryptocurrency exchanges without having to convert to fiat currency, which can be costly and time-consuming. However, stablecoins have also come under scrutiny from regulators due to concerns about their lack of transparency and potential for use in illicit activities. The recent actions by the SEC and the New York Department of Financial Services against BUSD and Paxos are part of a wider crackdown on stablecoins and cryptocurrency more broadly. In response, cryptocurrency exchanges and other market participants are looking to diversify their stablecoin holdings to reduce their exposure to any one particular asset. This appears to be the motivation behind Binance's decision to replace BUSD with TUSD and USDT in its SAFU fund.
Microsoft testing crypto wallet in its web browser Edge: Bleeping Computer Tech giant Microsoft is working on a non-custodial crypto wallet for its web browser Edge, Bleeping Computer reported Friday, citing testing of the new feature. Microsoft sleuth Albacore first spotted the feature by tweeting some screenshots of the wallet. "I mostly do software research and reverse engineering. That's how I ended up discovering the wallet functionality in the first place," Albacore told The Block. Bleeping Computer said it tested the wallet, which is most likely only available to Microsoft Edge Dev Channel users as part of a limited test phase. "This is a non-custodial wallet, meaning you are in complete control of your funds. We will not have access to your password and recovery key. It is embedded in Edge, making it easy to use without installing any extension," one of the screenshots tweeted by Albacore read. "As a tester, you will use your own funds. In the event of loss of funds, Microsoft will not reimburse any loss. This is a confidential project and no details should be shared externally." Other screenshots show integrations with Coinbase and Moonpay and support for NFTs and crypto swaps.
Turkish celebrity chef and internet sensation, "Salt Bae", is to open a new restaurant in the Israeli capital, Tel Aviv, according to an announcement on his Instagram account. The social media personality, real name Nusret Gokce, listed the city among others for future locations of his chain of eateries, Nusr-Et. Among the cities mentioned were Paris, Ibiza, Madrid, Milan, Sao Paolo, Mexico City, Buenos Aires, Hong Kong, Shanghai, Tokyo and Cairo. Gokce already owns several of the notoriously expensive restaurants in locations around the world, including Turkiye where it first opened its doors in 2010, in addition to chains in Saudi Arabia, the UAE and Qatar.
Binance, the world's largest cryptocurrency exchange, is donating $5 million (approximately $6.3 billion) worth of Binance Coin to the earthquake relief efforts in Turkiye.