June 2023

What are Ethscriptions and how they work compared to Bitcoin Ordinals

June 19, 2023 boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite its relatively recent launch, Ethscriptions has shown tremendous acceptance, evoking parallels with Bitcoin’s Ordinals. The Ethereum (ETH) community, known for its unrelenting pursuit of experimentation and innovation, has a new brainchild—Ethscriptions. Ethscriptions is the latest protocol stirring interest in the Ethereum community. It leverages Ethereum’s calldata to enable users to inscribe non-financial data directly onto the Ethereum main chain. Developed by Tom Lehman, co-founder of Genius.com, Ethscriptions offers a more decentralized and economical approach than…

Coinbase Stock and Price Target Rise despite SEC Indictment and Lawsuit

June 19, 2023

Coinbase is still enjoying a relatively healthy market sentiment as its stock price and target seem unperturbed by the SEC’s lawsuit. The stock price of Coinbase (NASDAQ: COIN) rose roughly 6% last week, along with the average price target expected by analysts. The major crypto exchange’s stock climbed 5.93% over the period, closing at $55.59. According to data from MarketWatch, COIN has seen more than 57% in year-to-date (YTD) gains, despite its 26.86% drop over the last three months. COIN has also shed 2.10% of its weight in the past month.…

France Seeks to Establish Itself as AI Hub of Europe, Challenges US and China

June 19, 2023

President Macron said that France is accelerating developments in AI to bridge the gap with the US and shall invest much more in research and development. Artificial Intelligence has become the new battleground for the top global economies and France is among the latest to make a strong push in the AI. France is now taking all efforts to position itself as the hub of artificial intelligence in Europe. Speaking to CNBC’s Karen Tso last week, French President Emmanuel Macron made a bold statement explaining: “I think we are number…

Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America

June 19, 2023

“Digital asset sentiment remains poor as the U.S. Securities and Exchange Commission’s (SEC) enforcement actions create regulatory uncertainty, pressuring token prices,” analysts Alkesh Shah and Andrew Moss wrote, adding that “digital asset trading platforms are just one piece of the broader ecosystem.” Source

Twitter AI Bot Gets Suspended after Elon Mask Accuses It of Being ‘Scam Crypto Account’

June 19, 2023

Following the suspension of the AI bot, the price of the BOB coin is down. As of the press time, BOB is trading at $0.0000194. The 24-hour trading volume of the coin has also plummeted by as much as 43.60%. Twitter Inc has suspended the account of an AI-powered bot named ‘Explain this Bob’ after Elon Musk claimed it was a ‘scam crypto account’. Musk alleged the bot to be a scam in a Tweet that was a response to the bot, and the account got suspended shortly after. But before the ‘Explain this Bob’…

zkSync Era’s Total Locked Value (TVL) Surpasses $500M

June 19, 2023

At press time, more than 220,000 ether (ETH), or around $378.3 million, about 121 million USDC (a dollar-pegged stablecoin) and 14.43 million MUTE, worth $7.53 million, were locked on zkSync. MUTE is the native cryptocurrency of a zkRollup-based decentralized exchange, Mute. Source

Hinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan

June 19, 2023

The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said. Source

Coinbase Blasts SEC for No Clear Answers Even after Court Order

June 19, 2023

Coinbase chief of legal said that the Court should grant a mandamus since the SEC’s delay is severely impacting the industry. Crypto exchange Coinbase has been actively pursuing its case against the US Securities and Exchange Commission (SEC) to gain enough clarity on the regulatory rules for digital assets. The exchange recently blasted the federal securities regulator for failing to answer questions asked in the US Court of Appeals. In the June 17 letter filed in the court, lawyers representing Coinbase accused the SEC of offering “no straight answers” in…

Prices of BOB Tanked 45% After Elon Musk Called its Bot a ‘Scam,’ Suspends Account

June 19, 2023

CryptoX – Cryptocurrency Analysis and News Portal Data shows BOB prices quickly fell from $0.000031 to $0.000016 on Sunday as traders likely reacted to Twitter’s actions, reaching a market capitalization of $13 million. As such, the tokens have been in a nearly continuous slide since early May, when they reached a peak capitalization of $74 million. Source The post Prices of BOB Tanked 45% After Elon Musk Called its Bot a ‘Scam,’ Suspends Account appeared first on CryptoX. CryptoX Portal

Prices of BOB Tanked 45% After Elon Musk Called its Bot a ‘Scam,’ Suspends Account

June 19, 2023

Data shows BOB prices quickly fell from $0.000031 to $0.000016 on Sunday as traders likely reacted to Twitter’s actions, reaching a market capitalization of $13 million. As such, the tokens have been in a nearly continuous slide since early May, when they reached a peak capitalization of $74 million. Source