Day: May 9, 2023

Bitcoin competitor BSV up 16% amid crypto selloff

Bitcoin SV (BSV) and bitcoin cash (BCH) are bucking the overall market trend as they register impressive gains despite an ongoing market-wide bloodbath. BSV and BCH have respectively increased by 16% and 6% at a time when most assets are facing declines. BSV recovers from record dip Notably, BSV has secured its position as the biggest gainer in the past 24 hours among the top 100 assets. The asset’s latest run was immediately preceded by a shocking dip in its value yesterday. BSV dropped to an all-time low (ATL) of…

Spotify reportedly deletes thousands of AI-generated songs

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The battle between the music industry and artificial intelligence (AI) continues as reports claim Spotify is taking down AI-generated music.  A Financial Times (FT) report revealed that the music streaming platform had removed 7% of songs created by the AI music startup Boomy, amounting to “tens of thousands” of songs. Spotify is also said to be ramping up its policing of the platform in light of the situation. This comes after Spotify and other streaming services began receiving complaints of fraud and clutter on the platform. Music industry giant Universal Music Group…

Bitcoin ordinals hit Binance NFT Marketplace in latest update

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Bitcoin ordinals — also known as Bitcoin NFTs — have made their way into the limelight of the Web3 space, as more marketplaces continue to adopt and offer digital assets.  On May 9, the cryptocurrency exchange Binance announced that it will support Bitcoin ordinals on its NFT marketplace in late May. The development will expand Binance’s multichain NFT ecosystem to include the Bitcoin network. Previously the Binance NFT market integrated with other decentralized networks, including BNB Chain, Ethereum and Polygon. Mayur Kamat, the head of product at Binance, commented on broadening…

Binance Adds Support for Bitcoin NFTs

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Binance NFT, which already supports NFTs on Ethereum, Polygon and its native BNB Chain, plans to expand its offerings by allowing traders to purchase Ordinals on the Bitcoin network. Collectors can soon buy and sell inscriptions, or NFTs created on the Bitcoin network, expanding the reach of the nascent Ordinals ecosystem. Original

‘Invest with Inflation, Not against It,’ Says Robert Kiyosaki

Kiyosaki believes Bitcoin price will continue soaring up as high as $500k in the coming years, purely fueled by inflation. The author of Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his investment strategy against global inflation. During a CNBC interview, Kiyosaki noted that global inflation has become a systemic problem. As a result, the veteran investor advised people to double down on commodities like Gold, Bitcoin, Silver, and real estate. Kiyosaki noted that he is mostly interested in the rising prices of food, gasoline, real estate, and gold. Consequently,…

Bitcoin down to $27.5k while BTC addresses surge to new ATH

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The largest cryptocurrency by market cap, bitcoin (BTC), is on a downward move for the third consecutive day despite the growing number of its holders. Bitcoin’s price drop started on May 6, when the asset was trading at around $29,700. As the global crypto market cap started to fall from the $1.2 trillion mark to $1.13 trillion at the time of writing, the flagship digital currency also recorded its three-day consecutive decline. According to crypto.news data,…

Elon Musk Tweets on Purging Inactive Twitter Accounts from Database

Elon Musk assured the community that a lot of usernames would become available after the purging. According to Elon Musk, his newly-possessed social media app, Twitter will be mopping up some accounts from its database. The purging of inactive accounts by Twitter will open up a handful of desired usernames for interested users. For a while now, Twitter has promised to add more usernames to its platform. However, the social media app has failed to carry out any meaningful effort to reinstate those usernames. Twitter earlier implemented a new policy…

Paxful Resumes Trading after Month-Long Hiatus

The internal issues of Paxful stem from nothing else but the sour relationship between co-founders Youssef and Schaback. Peer-to-peer (P2P) Bitcoin trading platform Paxful has announced that normalcy has now returned to its marketplace. This follows after some internal issues and regulatory pressure forced the platform to suspend all activities, barely a month ago. In a recent blog post, however, Paxful has now confirmed its reopening while also sharing the reason behind the suspension. The firm noted that, at the time, the decision was in the best interest of the…

Deloitte blockchain initiative focuses on digital identity verification

Deloitte Consulting ventures into the blockchain realm by developing digital credentials using the KILT Protocol, with the potential to transform industries such as banking, e-commerce, and decentralized finance. Deloitte Consulting just revealed its new movement into the realm of blockchain technology. The firm intends to develop digital credentials for multiple purposes, such as regulatory compliance in the banking sector, decentralized finance, and age verification in e-commerce. By basing these reusable credentials on the KILT blockchain, Deloitte aims to enhance the efficiency of identity verification processes for both businesses and consumers.…