Month: April 2023

25% of NFT owners have a collection of 51 or more – CoinGecko Report

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Crypto data website CoinGecko has released survey findings indicating that the majority of nonfungible token (NFT) holders own 51 or more NFTs, while those who only hold a single NFT comprised the smallest group among the respondents. Published on April 6, the CoinGecko report examined 438 responses from Dec. 2022 to Jan. 2023 in conjunction with Blockchain Research Labs. At least 1 in 4 NFT holders (26.5%) said that they are “avid collectors” with 51 or more NFTs at the time of the survey, with the report noting this group likely…

Ethereum’s Buterin and Solana’s Yakovenko are at odds on security

After what seemed like an eternity, Anatoly Yakovenko, co-founder of Solana Labs, and Vitalik Buterin, co-founder of ethereum, have picked up where they left off in discussing bridge security.  Yakovenko Bridge claims to have pondered the issue for a year until he may have stumbled onto the answer.  .@VitalikButerin, I’ve been noodling on this for nearly a year. Trust minimized bridge between independent L1s This design guarantees that local users can exit their bridged assets back to the local chain even if the remote chain has a dishonest majority, does a…

CBDC will be used for ‘control’ ECB president admits in vid chat with fake Zelensky

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A widely shared video of European Central Bank (ECB) President Christine Lagarde admitting that a Digital Euro will be used in a “limited” way to control the payments people can make was taken from the three week old prank video. The video was highlighted by breaking news account Watcher Guru on April 6 and generated a significant amount of social media chatter. In it Lagarde cited a desire to not be reliant on an “unfriendly countries currency,” or a currency provided by a “private corporate entity like Facebook, or like…

‘It Will Be Spectacular, Capitulation Will Be Epic’ – Finance Bitcoin News

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Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend in the future, surprising stock traders. Schiff stated that gold stocks were the new tech stocks and that Wall Street’s indifference regarding these would lead to massive market capitulation. Peter Schiff Warns of Gold Rally: ‘It’s Real’ Peter Schiff, the chief economist of Europac and gold permabull, believes that a gold bull market brewing will take the precious metal to even higher prices than it reached. Motivated by the recent…

PancakeSwap v3 is live on BNB Chain and Ethereum, could boost presale tokens like digitoads

The goal of every decentralized finance (DeFi) token is to eventually list on decentralized exchanges. The advantages that follow could boost growth and increase project activity.  PancakeSwap v3 recently launched on BNB Chain (BSC) and Ethereum. The ripple effect of this development could positively affect tokens like DigiToads (TOADS), which are currently on their presale, possibly augmenting their chances of success. This article develops on the significance of the PancakeSwap v3 listing and its impact on presale tokens like digitoads (TOADS). >> Buy DigiToads Now << DigiToads prices may benefit Integrating PancakeSwap…

Ethereum ‘re-staking’ protocol EigenLayer launches on testnet

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A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet. The mainnet launch of the EigenLayer protocol is not expected until Q3 however, and testing will be phased in three stages to onboard various participants into the ecosystem. The first stage is using Ethereum’s Goerli testing network. The project has some serious backing and announced $50 million in a Series A funding round in late March led by crypto venture firm Blockchain Capital, along with Coinbase Ventures, Polychain…

UK uses Love Island star to warn finfluencers on crypto and investment schemes

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The financial and advertising regulators of the United Kingdom have teamed up to send a warning to social media “finfluencers” telling them to stop promoting illegal “get rich quick” schemes or face law enforcement. The Financial Conduct Authority (FCA) and the Advertising Standards Authority (ACA) made reference to cryptocurrencies and nonfungible tokens (NFTs) in its April 6 statement in its seven-part checklist to ensure finfluencers stay within the bounds of the law. The checklist asks finfluencers to consider whether they’re the “right person” to be promoting the financial product and…

Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase – Mining Bitcoin News

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On April 6, 2023, Bitcoin’s difficulty rose 2.23% higher at block height 784,224, touching another all-time high. It’s the fourth consecutive difficulty increase on the Bitcoin network since Feb. 24, and the protocol’s current difficulty is 47.89 trillion, which is only 2.11 trillion away from reaching the 50 trillion range. Bitcoin Difficulty Jumps 2.23% Higher Bitcoin’s current difficulty of approximately 47.89 trillion is an all-time high, meaning it has never been harder for bitcoin miners to find blocks. The current Bitcoin protocol difficulty level mandates that miners execute roughly 47.89…

Reddit positions the contracts for Gen 3 NFT avatars on Polygon

Online chat arena Reddit has announced the deployment of its third-generation NFT avatar agreements on the Polygon network, anticipating the official issue in the coming week. Reddit Gen 3 NFT avatars Reddit’s long-awaited third-generation Non-Fungible Tokens (NFT) avatars are set to come to the market in the coming few days. The online chat forum installed the contracts of its digital assets termed “Reddit Avatars” on the Polygon network on April 5. Reddit has deployed contracts for the third generation of Avatar NFT Gen 3 on Polygon and plans to officially…

Study claims 99.5% of crypto investors did not pay taxes in 2022

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Swedish crypto tax firm Divly has released a new report that estimates that only 0.53% of crypto investors globally paid tax on their crypto in 2022 — however tax experts have cast doubt on the figures and methodology.  The Divly report published on April 5 came up with the estimate after analyzing the relationship between the number of people who declared cryptocurrency in their tax returns, and the search volume for crypto tax-related keywords in various countries. It also used the number of crypto holders in each country according to…