Major crypto players appear to buy dip following SEC lawsuit against Binance - cyptoranking.com

2024-05-04

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HSBC Accepts SHIB for Mortgage Payments: From Sept. 26, HSBC started accepting Shiba Inu (SHIB) for mortgage payments as part of a groundbreaking move. The integration, facilitated by blockchain payment processor FCF Pay, enables HSBC customers to make mortgage payments with cryptocurrencies like Bitcoin (BTC) and SHIB. 2017 witnessed ICOs reaching unprecedented heights thanks to technological advancement. 342 token offerings generated about $5.4 billion, propelling the concept to the forefront of blockchain innovation. ICOs selling like hot cakes within a brief period fueled the frenzy. In the rush to ‘join the bandwagon,’ project fundamentals became increasingly less important to would-be investors. Major crypto players appear to buy dip following SEC lawsuit against BinanceMeta is by no means the only company to have been swept up in the metaverse craze, but it’s bet on the concept was so large, and the apparent failure of that bet so damaging, that many are ready to write the idea of virtual, interoperable worlds off entirely. In this week’s newsletter, check out Glassnode data that shows nonfungible token (NFT) protocol Bitcoin Ordinals may not be clogging the network. Read about British politicians using the metaverse to discuss opportunities and challenges in Web3, and find out why Rolling Stone says NFTs are “finally totally worthless.” And don’t forget this week’s Nifty News, featuring world-renowned artist Takashi Murakami saying he might not release any more NFTs. U.K. politicians don metaverse avatars as they share Web3 roadmapPoliticians in the United Kingdom gathered in the metaverse on Sept. 20 to set out a vision for the country’s Web3 and blockchain industry. The gathering included eight British Lords, politicians and global leaders speaking about both the opportunities and challenges that the growth of Web3 technology could bring. According to Natalie Elphicke, a member of parliament who appeared with a unique avatar in the metaverse, Web3 “reimagines the very fabric of the internet,” representing a paradigm shift. Continue readingBitcoin Ordinals haven’t wrestled blockspace from money TXs: GlassnodeData from on-chain analytics firm Glassnode shows that despite concerns the NFT-like Bitcoin Ordinals protocol is clogging the Bitcoin network, there’s little evidence to prove it. According to Glassnode, inscription users tend to set low fee rates, showing they are more willing to wait longer for confirmation. “Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers,” the firm explained in its on-chain report. Continue readingNFTs are “totally worthless” says mainstream media, community respondsMedia outlet Rolling Stone has declared that NFTs are “finally totally worthless” in a recent report. The firm cited the findings of a DappGambl study on the NFT landscape. According to the data, up to 95% of NFTs owned by over 23 million users have no value at all. Members of the community responded to the report, with some showing previous articles from the media outlet that promoted the Bored Ape Yacht Club collection. The community member highlighted the drastic shift in the media narrative regarding NFTs. Continue readingNifty News: Murakami to step back from NFTs, Dan Harmon’s NFT show debut and moreJapanese artist Takashi Murakami has recently said he might not release any more NFTs after entering the market in 2021. The artist said in an interview with The Guardian that maybe he is “done releasing NFTs.” Murakami’s NFT collection Murakami.Flowers generated over $40 million in secondary trading volume, according to data from NFT marketplace OpenSea. Meanwhile, NFT artist Danny Casale recently won a multimillion-dollar contract dispute with a Web3 art curator called DigiArt. DigiArt sued Casale in March 2023 for allegedly breaching their contract after launching his own NFT project. However, a judge has taken the artist’s side as there was no contract start date specified. Continue readingCHECK OUT COINTELEGRAPH’S NFT STEEZ PODCASTThanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode

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Let’s start with the history of the metaverse first. The Chiliz (CHZ) token is one of the most frequently used tokens by sports clubs. Will crypto go to zero?Backed Launches Tokenized Blackrock ETF on Base Network Magazine: Can you trust crypto exchanges after the collapse of FTX?SEC vs Ripple - Is an End in Sight?

— CZ 🔶 Binance (@cz_binance) November 27, 2019 Conversely, Manchester City and crypto exchange OKX introduced a metaverse initiative. The initiative allows fans to further engage with the club and win exclusive prizes. Top 7 Best Tether (USDT) Wallets in 2022Cointelegraph reached out to Rodarmor for comment but did not receive an immediate response.Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.Magazine: Blockchain games aren’t really decentralized… but that’s about to change Dr. Xinxin Fan, IoTeX co-founder and head of blockchain, told Blockworks that confidential computing is a hardware-backed security and privacy enhancing technology designed specifically for protecting data as it’s in use.

Exit scams remain an issue The key to making this approach to privacy both practical for regulators and agreeable to users could be, for instance, a decentralized data storage of user’s credentials such as idOS — a GDPR-compliant identity system recently announced during this year’s TOKEN2049 conference. With a solution like that, no single party is in control of user’s credentials even as the system verifiably ensures that users are not on any authorized sanctions lists. How many years will Bitcoin last?5. Proof of Elapsed Time (PoET) SBF’s “Alameda was a market-maker” defense is absurd. Calling Alameda a “market-maker” is like calling a crooked airport baggage handler an airline pilot. Alameda was SBF’s personal, custom designed money laundering conduit. Period. End of story.In case you have not heard,… pic.twitter.com/Hvq9EKSNCI

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