Day: December 10, 2021

How ‘Intelligent’ NFTs Raise Some Red Flags

NFTs are on a clear collision course with artificial intelligence, which will in theory unlock all sorts of new utilities, including AI-driven avatars that can hold conversations. However, because few people understand how this type of AI works, it’s alarmingly easy to hoodwink buyers. Recently, a handful of so-called “smart” or “intelligent” NFT projects have begun minting digital nothingburgers, marketing them as groundbreaking “AI,” gaining endorsements from influential investors and breaking resale records. Soon, the market will be flooded with “AI NFTs,” the vast majority of which are absolutely, positively,…

Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’

boss

The weekend is upon us and fear remains the dominant short-term sentiment in the cryptocurrency market. Earlier today Bitcoin (BTC) price dropped to $47,250 and investors are biting their nails after data from the U.S. consumer price index (CPI) shows inflation reaching a forty-year high at 6.8%. Data from Cointelegraph Markets Pro and TradingView shows that a midday push by bulls to reclaim the $50,000 support level was handily defeated and sellers sent the price back below $48,000 which could possibly force another daily lower high for the top-ranked cryptocurrency. …

Blockasset Pushes the Limits of NFTs and Fan Tokens, Empowers Sports – Sponsored Bitcoin News

boss

sponsored On the 4th of November, one of Times Square’s Countdown screens lit up with artworks depicting five iconic sports heroes, Alexander Ovechkin and Muhammad Ali among them. The ‘LeGENds’ NFT drop was held by Blockasset: a Solana-based sports platform aimed at providing better engagement models for athletes and their fans by pushing the limits of NFTs and fan tokens. Each NFT was masterfully drawn by a world-famous artist Dosbrak, and dedicated to one of the 5 sports icons: Alexander Ovechkin (hockey), Wayne Rooney (soccer), Muhammad Ali (boxing), Mike Bisping…

Pepsi’s debut drop, 1inch expands P4 Metaverse and Tom Brady gifts NFTs

boss

Cointelegraph has had a lot of NFT related news this week from pop culture to sports and gaming. Below is a roundup of stories you don’t want to miss.  Pepsi and VaynerNFT team up Pepsi launched their Mic Drop genesis NFT collection made up of 1,893 generative style NFTs on the Ethereum blockchain. The number commemorates the year Pepsi was born. Consumers will only have to pay gas fees, and to ensure more manageable fees, Pepsi implemented a waitlist process from now until December 14. In homage to the brand’s…

Gitcoin Deactivates Grant for Farsi Speaking Communities Due to U.S. Sanctions – Bitcoin News

boss

Gitcoin, an organization that helps fund open source projects around the Ethereum blockchain, has deactivated a grant due to it being directed to individuals from a sanctioned country. The grant, called “Free Smart Contract Development Course for Farsi Speaking Communities,” was directed and organized by an organization called Women in Blockchain Farsi. The move created a huge backlash on social media against this decision. Gitcoin Defunds Farsi Speaking Community Grant Gitcoin, an organization that promotes open-source software and other innovations around the Ethereum blockchain through the use of…

Another Cryptocurrency Hearing on Capitol Hill: This One Felt Different

boss

This episode is sponsored by Quantstamp, Nexo.io and KuCoin. On this week’s “Money Reimagined” podcast, Michael Casey and Sheila Warren discuss with CoinDesk’s managing editor of global policy and regulation, Nikhilesh De, his recent review of another cryptocurrency-themed hearing on Capitol Hill by the House Financial Services Committee. “Today’s hearing is part of this committee’s ongoing [effort]” to understand crypto and the issues around it.’ Rep. Maxine Waters (D-Calif.), the committee chairwoman, stated as she kicked off the hearing. Financial inclusion appeared to be a big selling point from the…

What Would a Mutual-Aid DAO Look Like?

Where most DAOs just give out governance tokens in proportion to what you put in (e.g. 100 tokens for .1 ETH, or 1000 tokens for 1 ETH), PactDAO plans to assign tokens according to non-financial participation, too. Joining in on community events might earn you a greater share of tokens. It’s a kind of cooperative structure; the largest donors won’t automatically get the most say in how the DAO develops, and the most active organizers can be rewarded. “Pact is not like other social clubs,” reads a slogan on the…