Day: September 6, 2023

Justin Bieber hit track becomes NFT for royalty-sharing

On Sep. 7, the blockchain-centric music tech platform anotherblock and the co- producer of the track Andreas Schuller, also known as Axident, will drop the track “Company” as an NFT with only 2,000 available. The global pop icon Justin Beiber will have one of his hit songs turned into a nonfungible token (NFT), which fans can then invest in a stake of the royalties.  While Axident will still remain the rights holder, fans owning an NFT of the track will then be able to participate in a 1% royalty share…

Consensys readying cross-chain Metamask Snaps

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MetaMask’s eagerly awaited Snaps will allow users to interact with a variety of different blockchain networks, receive updates from projects and will help demystify what’s happening in complex transactions, says Consensys head of strategy Simon Morris. Speaking to Cointelegraph on Sept. 6 at Korea Blockchain Week, Morris shared that MetaMask Snaps will function a lot like an Apple App Store for the crypto wallet, allowing third-party developers to launch new decentralized applications (DApps) — dubbed Snaps — that expand MetaMask’s functionality. Morris explained the first round of released Snaps will…

MetaMask introduces Ethereum to fiat trades

MetaMask Portfolio has introduced a new “sell” feature, allowing users to convert their Ethereum holdings into select fiat currencies. MetaMask, known for its digital wallet services, has rolled out a “sell” feature that enables users to convert their Ethereum (ETH) holdings into certain fiat currencies. This addition comes after MetaMask had already integrated a “buy” function, and the cash-out option currently supports conversions into US dollars, euros, and British pounds. So far, the feature only accommodates ETH on the Ethereum mainnet. MetaMask has alluded to plans to widen this service…

AI to reinvent DAOs while tokenized models will become valuable: VC firm

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Artificial intelligence could be the missing piece for decentralized autonomous organizations (DAOs), while trained AI models could become valuable assets on-chain, according to the co-founder of Framework Ventures. Speaking to Cointelegraph on Sept. 5 at Korea Blockchain Week, Vance Spencer, the co-founder of the crypto-focused venture firm, shared four predictions about how AI and blockchain technology could collide. One of the biggest impacts is for AI to finally put the “autonomous” into decentralized autonomous organizations, according to Spencer. DAOs were founded on the concept of a decentralized collective sharing a…

Grayscale asks SEC to meet on ‘way forward’ for Bitcoin ETF conversion

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Grayscale has told the Securities and Exchange Commission it has no legal reasoning left to block the conversion of the asset manager’s flagship Bitcoin (BTC) fund to a spot exchange-traded fund (ETF). On Sept. 5, Grayscale’s lawyers sent a letter to the SEC requesting the pair meet to discuss the next steps following the regulator’s court loss regarding the conversion of the Grayscale Bitcoin Trust (GBTC). “Now that the Court of Appeals has spoken, there is no available rationale that would distinguish a Bitcoin futures ETP from a spot Bitcoin…

Here’s What Could Trigger Recovery In Shiba Inu

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SHIB price (Shiba Inu) is struggling below the $0.000008 resistance against the US Dollar. Shiba Inu could start a recovery wave if it settles above $0.000008. Shiba Inu price extended its decline and tested the $0.0000074 zone against the US Dollar. The price is now trading below $$0.000008 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.0000077 on the 4-hour chart of the SHIB/USD pair (data source from Kraken). The pair could start a recovery wave if it clears…

Ethereum Price Shows Signs of Life But Lacks Momentum Above $1,650

Ethereum price is attempting a recovery wave above $1,620 against the US Dollar. ETH must settle above $1,650 to start a decent increase. Ethereum is slowly moving higher from the $1,600 support zone. The price is trading near $1,630 and the 100-hourly Simple Moving Average. There was a break above two bearish trend lines with resistance near $1,620 and $1,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if there is a close above the $1,650 resistance. Ethereum Price Holds Key…

Colombian Bitcoiner aims to orange-pill coffee lovers one bean at a time

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José Luis Garcia is a coffee-lover and entrepreneur trying to make his mark in the city of Medellín — the birthplace of Colombia’s modern coffee industry. Since the October launch of his start-up Lightning Koffee, Garcia has two goals in mind: Make a decent cup of joe and spread the word about Bitcoin (BTC). His coffee beans — which he’s called “The Bitcoiners Coffee” — are sourced and processed locally and are known for having a sweet after-taste. Garcia believes his Colombian coffee can serve as a bridge for his fellow…

Bitcoin Bulls Hold Strong At $25,500 But Can They Push BTC Higher?

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Bitcoin price is consolidating above $25,650 and $25,500. BTC could start a decent increase if the bulls manage to push it above the $26,200 resistance. Bitcoin is trading in a range above the $25,650 support zone. The price is trading below $26,000 and the 100 hourly Simple moving average. There is a short-term bearish trend line forming with resistance near $25,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could take a major hit if it continues to struggle below the $26,200 resistance zone.…

Ethereum exchange deposits surge while staked ETH hits ATH

Ethereum (ETH) sees market uncertainty as exchange deposits recently surged to a one-month high. Staked ETH on the Ethereum 2.0 deposit contract hit an all-time high. According to Glassnode, the value recently reached a one-month high, clocking in at 2,145. This indicator, which measures the flow of ETH into exchanges, typically raises concerns among investors. An increase in exchange deposits often signals bearish sentiment, implying a potential surge in selling pressure.  Investors seem eager to send their ETH holdings to exchanges, possibly anticipating a downward trend in the market. Moreover,…