Author: CMN

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Animoca Brands’ membership network programme Mocaverse has teamed up with Halo Wallet, OKX Wallet, and Crypto.com DeFi Wallet. The goal of this is to make it easier for the on-chain cultural economy and Centralised Finance (CeFi) to interact. Mocaverse has unveiled Moca ID, a decentralized identity (DID) that integrates with Moca self-custodial wallets to help users advance. Moca ID will act as a gateway for consumers to easily explore various Web3 cultural exposures, such as PointFi and SocialFi, and to make the onboarding process into the Mocaverse ecosystem easier. User IDs for Crypto.com, Halo Wallet, and OKX Wallet Access to…

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Earlier this year, Uptop, a well-known Web3 loyalty and rewards programme, came up with a brilliant idea to improve New York’s most famous landmark—the Empire State Building. Over the past two years, the inexperienced portmanteau scheme—which is based on NFTs and is overseen by ESRT, a reputable managing business that leads the industry—has once again garnered the title of top American attraction on Tripadvisor. Transforming this historic landmark into a cutting-edge destination, Avalanche blockchain technology ensures a flawless experience for an expected four million tourists annually. Uptop’s partnership with the Empire State Building creates a new way to interact with…

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SanchoNet is now hosting Plutus V3. Advanced Plutus primitives and more tools for Cardano developers who wish to construct smart contracts are included in the team’s launch release. Supporting aspects related to voting and governance is the main goal. Additionally, Plutus V3 increases the adoption rate of smart contracts and facilitates blockchain interoperability. Input Output Global and MLabs have been collaborating on it. In the background, Plutus V3 ensures that developers have access to all the tools required by industry standards. It expands upon the Valentine update, which included SECP elliptic curve support. Sums of Products is one of Plutus…

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For weeks, the price of bitcoin was at $42,000. It has at last surpassed the $46,000 threshold, shattering the ceiling. The last time that BTC was traded, it was at $46,297.90, up 3.995 from the previous day. It also shows an increase of 7.20% and 0.97% over the previous 30 and 7 days, respectively. Volume during a 24-hour period is up 16.21%. The fact that the US Securities & Exchange Commission approved the applications for the Spot Bitcoin ETF is mostly to blame for the decrease in selling pressure that GBTC incited. Its current goal is to quicken expansion based…

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The emergence of Dogecoin (DOGE) wallets and the migration of Litecoin (LTC) holders to Option2Trade (O2T) are indicative of shifting consumer preferences and market conditions. These changes demonstrate the erratic nature of the cryptocurrency market as well as the ongoing pursuit of novelty and possible profits. Investors need to be knowledgeable and flexible at all times. Tokens like Litecoin (LTC) and Dogecoin (DOGE) as well as platforms like Option2Trade (O2T) offer a variety of choices for diversifying cryptocurrency holdings. The future of Bitcoin investing will be shaped by strategic choices made as the market develops. Change to O2T (Option2Trade) Amidst…

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It is anticipated that the BNB Beacon Chain (BEP2) will entirely collapse in the upcoming months. By supporting the BEP2 network and streamlining the transfer process, Binance helps users. This was officially declared by the project team in January 2024. For every project registered, Binance has aggressively built relationships with tokens listed on the BEP2 network. The aim is to ascertain if they can initiate an ongoing shifting process when their token holders are present. Before the BEP2 network shuts down, users are highly encouraged to transfer BEP2 Binance-pegged tokens, or B-tokens, into their Binance accounts. Users will be able…

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Bitcoin was first introduced in January 2009. It is ascribed to Satoshi Nakamoto’s efforts. Even though Nakamoto’s true name is still unknown, it is becoming increasingly obvious that the intention is to provide digital money that is decentralized and accessible to all individuals worldwide. Volatility is one of the few issues that it has been having. This is demonstrated by the most recent decline to a value of less than $40,000, which occurred just hours after it crossed the $47,000 threshold. This begs the issue of whether Bitcoin will soar to new heights or plummet to a disastrous crash before…

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A newcomer named XP has made his way to town to challenge the long-standing status quo in the event ticketing industry. It employs cutting-edge technology in the Solana blockchain space to innovate and upend the market. Ticketmasters has a long history of collecting exorbitant hidden fees, a practice that has drawn criticism from both customers and artists. The end result is a significantly higher cost per ticket than what is first advertised. To make matters worse, the company was also charged with operating with a lack of transparency. This is referred to as the “Ticketmaster problem” in the consumer world.…

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With the attraction of parabolic profits and virality, Solana meme currencies have become quite the show in the market for enthusiasts and investors alike. On the Solana network, a surge of meme coins has been sparked by BONK’s current positive momentum. SMOG, one of the many competitors vying for attention, claims to be the next meme coin that will give early adopters enormous returns. Interestingly, this initiative has a market capitalization of almost $2 million on Jupiter, Solana’s decentralized exchange, indicating early promise. Investors and meme fans alike are impressed by this new player, and some are wondering if it…

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The deadline for the Securities and Exchange Commission (SEC)  to decide on the Invesco Galaxy Ethereum ETF has been extended. Previously, the agency had delayed deciding on the fund until December, and it was only lately that it declared it would file a lawsuit. In a filing, the SEC states that there is currently a chance to file a lawsuit about the approved regulatory changes. This also applies to several spot Ethereum ETF applications that have been extended by the SEC. Grayscale Investments has also joined the line. The SEC is worried that Ethereum’s proof-of-stake system and the concentration of…

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According to reports, the NFT crypto-hybrid ERC404, also known as Ethereum’s experiment, has produced a total volume of $87 million on decentralised exchanges, or DEXs. For NFT marketplaces, the corresponding amount is little less than $1 million. The new token combines the features of non-fungible tokens, or NFTs, with fungible tokens. Improving trading flexibility and liquidity is the ultimate objective. An NFT collection called Replicants has been used to implement ERC404. Its components can be sold on DEX platforms like UniSwap or on NFT marketplaces like OpenSea or Blur. Replicant’s price has increased from 0.38 ETH to 4.26 ETH due…

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Avalanche has released information regarding the potential effects of Durango on various network components. The projected Avalanche network update, Durango, is expected to go live on the Fuji testnet on Tuesday, February 13, 2024, at approximately 11 a.m. ET. The pre-release code for the update has already been made available by the Avalanche Labs engineering team. It might have an impact on Core Stake, the developer’s accountability, and staking migration. First and foremost, the Avalanche Wallet has been tasked with overseeing the staking feature. However, with the introduction of Durango, that feature would soon be dropped. However, the site will…

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To address the difficulties involved in distributing a token across several chains, Axelar has introduced Interchain Token Services (ITS). The latest application maintains the characteristics and interchangeability of every ERC-20 token, enabling it to move via any blockchain that is compatible with EVM, following the same route that Axelar did. ERC-20 tokens can now move across any of the 15 EVM-compatible blockchains in Axelar’s orbit while retaining their fungibility and other properties thanks to a new technology called the Interchain Token Service (ITS). Future roster expansions are being considered. Axelar’s DeFi Head, Jason Ma, claims that tokens go through little…

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Citrea, the first ZK Rollup for Bitcoin, has announced that it is officially online. The goal is to use zero-knowledge technologies to increase the Bitcoin blockspace’s capabilities. Users have faced the difficulty of scaling the blockchain to meet the increasing demand. That hasn’t always been the case, though, as network construction and unsafe bridges have both contributed. It is challenging because, to put it simply, existing scalability approaches do not scale Bitcoin. Citrea, which works by batching thousands of transactions, resolves that. Additionally, it guarantees that users will always have the security they need when doing transactions. Maintaining demand inside…

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The cryptocurrency market is full of surprises, thus it is not an unusual occurrence for rookie coins to occasionally outperform their “older colleagues” in an incomparable way. These kinds of surprises are undoubtedly the most frequent among meme coins since some of them frequently see their values soar, the cryptocurrency market soars, and all other cryptocurrencies are eclipsed. Experts in cryptocurrency foresee a similar outcome for Meme Kombat ($MK), a relatively new game but already rather popular. More and more investors are choosing to purchase this coin, which is not surprising given that experts say it might overtake the most…

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In 2016, Craig Wright made public his claims to be the person who invented Bitcoin, Satoshi Nakamoto. Since then, the crypto community has expressed scepticism about it, and the true identity of the person behind the pseudonym is still a mystery. A lawsuit has been launched by the Crypto Open Patent Alliance, or COPA, in an attempt to get a decision that the computer scientist is not who he says he is. Craig’s accusations were declared blatantly untrue by the High Court. A collection of Bitcoin exchanges and developers is represented by Jonathan Hough KC. With the latest statement making…

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XRP is continuing to trade at $0.5036, maintaining its current momentum of remaining above $0.5. The safety net has been set by the community at $0.4, and a dip below that will allow for a free fall to $0.3 or $0.2. That is doubtful in light of the community members’ optimistic predictions that the price of XRP is increasing and will rise above $1 by the end of this year or the beginning of next. The short-term goal for XRP XRP’s short-term goal is to reach the $0.6 milestone. That is feasible because there is conjecture that XRP will soon…

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Artificial intelligence, or AI, is a complex concept that has many applications in the cryptocurrency space and for people who want to comfortably traverse the rapidly changing field of AI-powered cryptocurrency. By quickly responding to sudden changes in the market and ensuring that judgments are well-informed and successful, artificial intelligence (AI) has added a layer of consistency and reliability. Artificial intelligence systems carry out activities that are frequently linked to human functions, like pattern recognition, speech interpretation, and game play. Usually, AI picks up these skills by sifting through massive volumes of data and searching for patterns that mimic human…

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The second incarnation of Solana’s innovative foray into the worlds of technology and cryptocurrencies is now available. It is simply a revamped and modernized product when compared to its predecessor; its distinguishing features are the Solan cryptocurrency ecosystem and its pricing. It is projected that Solana Saga Phone: Chapter 2 will retail for $450 in advance orders and be available for purchase in 2025. Compared to its April 2023 delivery predecessor, this item weights a lot less. The second edition, however less expensive, has some functionalities that are equal and an analogous interface with the Solana ecosystem. Solana Labs indicated…

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The Financial Services Commission (FSC) of South Korea has suggested changes to the cryptocurrency laws that would provide law enforcement agencies greater authority when looking into cryptocurrency companies. First of all, for newly employed employees of cryptocurrency-related organisations to begin working, they must first give certified assent. In a formal statement, the FSC stated that they plan to bring more changes to the current restrictions that have been put in place for the bitcoin industry. If enacted, it will become mandatory for all recently employed employees in the cryptocurrency sector to get clearance from the FSC before submitting applications for…

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