Day: May 28, 2023

Bitcoin reclaims $28K, and charts suggest ARB, XRP, EOS and AAVE could follow

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The United States looks to avoid a catastrophic debt default after the White House and the House Republicans agreed upon a tentative deal on May 27. The U.S. equities markets rallied in anticipation of the deal on May 26 and the positive sentiment has rubbed off onto the cryptocurrency sector, which is attempting a recovery. Buying is not limited to Bitcoin (BTC) alone as select altcoins are also showing signs of a short-term up-move. However, sustaining the rally at higher levels may prove to be difficult for the bulls. Crypto…

Bitcoin can bring ’cause and consequence into cyberspace’, boost security — Michael Saylor

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Bitcoin may be the answer to combat cybersecurity threats driven by artificial intelligence, such as deepfake, said Michael Saylor, executive chairman of MicroStrategy, during a recent interview with Kitco News. Saylor illustrated his views using social media accounts created by robots as an example. According to him, billions of fake accounts are behind a digital “civil war” in today’s society, stirring up hatred among real users of digital platforms. “The risk in cyberspace is I can spin up a billion fake people, and I can create a civil war by…

DigiToads stands out with unique utilities, dogecoin and shiba inu demand rising

Cryptocurrencies have recently seen a surge in popularity, with meme coins becoming particularly captivating for investors and enthusiasts. Dogecoin (DOGE) and Shiba Inu (SHIB) are examples of this trend. In today’s discussion, we will explore a new player in the meme coin market, known for its uses; DigiToads, which uses its token, TOADS. DigiToads DigiToads is similar to Dogecoin and Shiba Inu’s humorous and engaging nature, typical of meme coins. However, TOADS stands out due to its practicality. It was created as an ERC-20 token on the Ethereum network and has…

USDT market share jumps amid economic uncertainty, USDC shrinks

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The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows. In the past 12 months, Circle’s USD Coin (USDC) has seen its market share decline from 34.88% to 23.05% at the time of writing. Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down…

Municipal government in China releases blockchain white paper

A municipal government in Beijing, the capital of the People’s Republic of China and the hub for technological innovation, has unveiled plans to lead the development of web3 and blockchain. Beijing municipality government releases blockchain white paper Per local reports, the Beijing Municipal Science and Technology Commission, in collaboration with the Zhongguan Village Science and Technology Management Committee, unveiled the “Beijing Web 3.0 Innovation Development White Paper (2023)”.  Within the document was detailed information on the system analysis and elaboration of web3, the system structure, domestic and foreign development status,…

Polygon and uniswap prices are flat, InQubeta is positioned to rally

Investors in InQubeta (QUBE) are bullish, expecting substantial price increases this year, unlike holders of polygon (MATIC) and uniswap (UNI), whose portfolio values continue to decrease. InQubeta brings startups that focus on artificial intelligence (AI) and investors who only sometimes have access to traditional investment mediums together.  Investments in AI technology have grown significantly, with a total of $12.5b in 2015 and over $93b in 2021. More investors are recognizing the potential of AI and its ability to impact various industries greatly. This is becoming increasingly evident. InQubeta has positioned…

Bitcoin Ordinals ‘could look better’ on Cardano

In a recent YouTube AMA session, Charles Hoskinson declared that Cardano, a blockchain network, remains fully dedicated to decentralization. Ordinals functions better on Cardano During the AMA, the tech entrepreneur also suggested that Bitcoin Ordinals is best suited for Cardano since the blockchain, he claims, has a better ecosystem.  Ordinals involves a technology that allows “inscribing” each satoshi with a distinct label and extra details. Accordingly, each inscription is unique and can be traced in Bitcoin or any other network they have been inscribed in. Specifically, Ordinals allow users to store various…

InQubeta stands out from altcoins like VeChain and Harmony

InQubeta, an AI-based project, has created a buzz in the crypto market. Its presale is doing well such that altcoin whales from vechain (VET) and harmony (ONE) are exploring the project.  What’s the reason behind this shift? Staking QUBE: a win-win for investors and AI start-ups Investors who stake QUBE on the InQubeta platform can enjoy various benefits. This is an option for those seeking to increase their returns while supporting the growth and success of AI technology start-ups. You can earn rewards from the dedicated reward pool when you…

Gemini and Ripple navigate legal hurdles, Asia boosts regulatory efforts

Last week was eventful for Gemini. They faced similar accusations brought by the United States Securities and Exchange Commission (SEC) as Ripple. Subsequently, they had to deal with various operational and regulatory challenges. Despite the ongoing SEC case, Ripple is still determined to pursue growth. In Asia, more robust regulations on crypto are being implemented, but industry leaders remain dissatisfied with the SEC’s actions in the United States. Gemini challenges the SEC Gemini, a crypto exchange, has challenged the allegations made by the SEC that its Earn product offered unregistered…

What are NFT royalties, and how do they work?

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NFT royalties make art and digital content a sustainable source of income for creators. As payments could typically be programmatic, there could be multiple creators who could benefit from this model. From a principle and economic standpoint, NFT royalties offer a number of advantages to the ecosystem. It is challenging to track the subsequent purchases of artwork in the Web2 creative sectors of music, art and graphic design. On top of that, contracts drafted between creative professionals and marquee studios or corporations are often one-sided and heavily against the creator…