Month: September 2023

NFTs are ‘totally worthless’ says mainstream media, community responds

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Mainstream media outlet Rolling Stone has declared that nonfungible tokens (NFTs) are “finally totally worthless,” citing the results of a DappGambl study on the “evolving landscape” of NFTs. The study found that as many as 95% of NFTs (owned by more than 23 million investors) have no value at all. The response from the community has been varied, with some agreeing with the report and others linking previous reports from the outlet that supported the same NFTs they’ve now called out. In a Reddit thread, most of the comments agreed with the…

Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here’s Why

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Crypto analyst Nicholas Merten has given an insight into the future trajectory of the Bitcoin price, suggesting that the flagship cryptocurrency may experience turbulent times ahead.  The Calm Before The Storm For Bitcoin In a recent episode of his YouTube channel DataDash, Merton mentioned that Bitcoin, other altcoins, and the broader asset market were on the brink of a major move as several macro factors were coming together. He further went ahead to discuss how these different “dominos”  could “potentially cause a lot of pain in the economy.” The first…

Analysts bullish on Cardano, TRON, and Kangamoon

Emurgo CEO Ken Kodama plans to invest in 21 unexplored areas in Cardano (ADA). TRON (TRX) reached multi-week highs driven by increased daily transactions.  Meanwhile, experts are bullish on Kangamoon (KANG) as it leads the next generation of the play-to-earn (P2E) gaming scene. Summary Cardano is projected to reach $0.37 by the end of 2023 TRON can climb to $0.1 by the end of the year Kangamoon analysts are bullish, expect more gains on launch, and exchange listing Cardano outlook for Q4 2023 Emurgo plans to adopt a venture studio…

Busan is developing an Ethereum-compatible mainnet to become a ‘Blockchain City’

South Korea’s second-largest city Busan is developing a public blockchain network compatible with mainstream blockchain platforms such as Ethereum and Cosmos. The aim is to integrate blockchain-based services from various blockchain mainnets onto a single platform at a city level and develop Busan into a Blockchain city. Busan City has allocated a 100 billion won ($75 million) budget for open blockchain development compatible with global standards under the Blockchain Innovation Fund (BIF). The funds will be raised through investments from public financial institutions in Busan with nearly 100 private companies…

US Anti-CBDC bill moves a step closer to passing

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The CBDC Anti-Surveillance State Act, aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has taken one step further on its procedural journey after it passed the House Financial Services Committee. According to a press release distributed by the bill’s author, Representative Tom Emmer, on Sept. 20, the CBDC Anti-Surveillance State Act was passed out of the committee and favorably reported to the House floor. That means the bill will next face a congressional vote. Emmer stressed that the bill has already gained the…

X Announces Upcoming Payment Integration: Dogecoin Included?

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Dogecoin enthusiasts are buzzing with anticipation following recent developments at X, the platform previously known as Twitter. As part of its ambitious expansion to enhance its “Everything app”, X is introducing a range of payment integrations, and with Elon Musk at the helm, many speculate that Dogecoin could be among the supported cryptocurrencies. Linda Yaccarino, X’s CEO, today unveiled a video outlining the app’s prospective features. From sharing information and participating in community discussions to making calls and tuning into community chats, the updated app promises to be a comprehensive…

Polygon Comeback Challenges – What’s Holding It Back?

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Polygon (MATIC) enthusiasts remain undeterred as they continue to push the price of the digital asset higher despite a prevailing bearish market structure, While the higher timeframe structure paints a bearish picture, buyers have been steadily driving prices upwards.  At the time of writing, MATIC is priced at $0.541671 on CoinGecko, marking a 2% gain in the past 24 hours and a noteworthy 4.5% increase over the course of a week. Derivatives Market Wary Despite MATIC’s Resilience Market participants in the derivatives sector have, however, approached MATIC’s recent bullish moves…

Celsius users targeted by phishing as restructuring nears

Bad actors have flooded X, impersonating the bankruptcy claim agent for Celsius to scam claimants. Celsius users are targeted by a potential phishing email attack as the final court approval of its restructuring plan is anticipated on Oct. 2. Several users reported on X they had received phishing emails pretending to be from Stretto, the Claims Agent for the Celsius bankruptcy proceeding. A phishing email pretending to be sent by Stretto to Celsius claimants | Source: BleepingComputer One of the phishing emails shared with BleepingComputer was offering a creditor a…