Day: January 18, 2022

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs – Markets and Prices Bitcoin News

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While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed…

Morpheus.Network hits roadmap targets, attracting investors focused on fundamentals

The global supply chain has become an area of intense focus over the past couple of years and pressures from the pandemic and backlogged ports have led to a massive range of shortages for everyday items.  One protocol that is focusing on optimizing supply chain management and building strength based on data from Cointelegraph Markets Pro is Morpheus.Network (MNW), a supply chain software-as-a-service middleware provider designed to integrate legacy systems with emerging technologies. VORTECS™ scoreboard leaders. Source: Cointelegraph Markets Pro According to data from Cointelegraph Markets Pro, market conditions for…

NFT Marketplace OpenSea Acquires DeFi Wallet Firm Dharma Labs

“Devin [Finzer], Alex and the entire OpenSea team have shown incredible tenacity and grit over the past four years in taking their original idea for an NFT exchange to where it is today,” Hollander said in a statement. “I’m excited to focus on scaling OpenSea’s tech to meet the reliability, performance, and uptime benchmarks its users expect and deserve.” Source

Why Polygon Will Implement Ethereum’s EIP-1559 Update

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Ethereum’s scalability solution Polygon will implement this network update in its fee model via EIP-1559. According to an official post, this upgrade will introduce a burning mechanism for MATIC and will improve its fee visibility. Related Reading | Polygon Expands Its Footprint As Evolving NFT And Gaming Ecosystems Seek Ethereum Alternatives Ethereum introduced EIP-1559 with Hard Fork London back in 2021. The update was highly anticipated as it was supposed to aid mitigate Ethereum’s congestion issues and made fee more predictable. Some users even claimed the update was going to…

Retail Giant Walmart Files Trademarks for Its Own NFT Marketplace and Cryptocurrency

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New trademark documents indicate retail giant Walmart is interested in joining the world of non-fungible tokens (NFTs) and crypto. According to the U.S. Patent and Trademark Office (USPTO), the retail corporation has submitted a United States trademark application for an NFT marketplace that provides a platform for “buyers and sellers of downloadable digital goods authenticated by non-fungible tokens.” In a separate application, Walmart filed for a virtual currency trademark relating to “financial transaction services involving cryptocurrency non-fungible tokens and blockchain technology.” A third application involves software associated with cryptocurrencies that “allows users…

Bank of America Says UK CBDC Would Be More Than a Digital Form of Cash

Given that consumers hold only small amounts in cash, there would be greater convenience in switching a current account into Britcoins, BoA said. That could be an area of concern for commercial banks. Checking accounts, or current accounts as they are called in the U.K., are the lifeblood of commercial banks’ business models, providing them with stable funding over a long term. Source

Former pro-crypto CoC Brian Brooks to testify in a House hearing on the energy impacts of mining

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As U.S. Congress is preparing to take a thorough look at the energy use of crypto mining, the list of witnesses for the Thursday hearing contains more proponents of blockchain technology than its outright critics. The House Energy and Commerce Oversight Subcommittee announced a hearing on “Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains” last week, with the event itself scheduled for Jan. 20. The focus of the hearing will be on the energy and environmental effects of crypto mining, specifically as it relates to networks that use proof-of-work, or…

American Rapper Lil Baby On Holding Bitcoin And Ethereum Over Fiat

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For years now, some investors have preferred to hold their wealth in cryptocurrencies like bitcoin and ethereum as opposed to cash. As cryptocurrencies become more popular, this school of thought has become more widely shared to the point where even billionaires and celebrities have publicly come out to say that they would rather hold their wealth in digital assets rather than fiat. One of the latest celebrities to profess their support for bitcoin and ethereum is American rapper, Lil Baby. The rapper who rose to prominence in the last couple…

BSN’s Red Date Behind Shenzhen-Singapore Trade Blockchain Project

Singapore and China’s Silicon Valley, the city of Shenzhen, are building what is likely the world’s first blockchain-based network for a cross-border trade data exchange between two major economies. Red Date Technology, the architect of China’s internet of blockchains, is working with the Shenzhen Municipal Government and Singapore’s Infocomm Media Development Authority (IMDA) to build the blockchain-based Transnational Trade Network (BTTN), Red Date CEO Yifan He told CoinDesk. Using the BTTN, companies will be able to transfer trade data between countries and firms, while adhering to local data privacy and…

NFT Scams: How to Avoid Falling Victim

If you Google “NFT scams,” the results will likely lead you down a rabbit hole filled with, in some cases, actual cartoon rabbits. Non-fungible tokens (NFTs) have exploded into a multibillion-dollar sector of the crypto industry in the last 12 months alone. Top collector’s items, such as rare pieces from the Cool Cats and Bored Ape Yacht Club collections, trade for upwards of $30,000 or more. If five- and six-figure price tags seem like a lot for a JPEG, NFT creators have a one-word answer for you: utility. Because NFTs…