Stanford University researchers have come up with a prototype for “reversible transactions” on Ethereum, arguing it could be a solution to reduce the impact of crypto theft. In a Sept. 25 tweet, Stanford University blockchain researcher Kaili Wang shared a run down of the Ethereum-based reversible token idea, noting that at this stage it is …
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Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases. According to a Friday report from The Information, the smartphone company is now allowing …
Continue reading “‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales”
The Walt Disney Company could be on the verge of expanding into the crypto space after posting a new job for an “experienced corporate attorney” to work on “emerging technologies” such as nonfungible tokens (NFTs) and the Metaverse. According to the Sept. 23 listing on the Disney careers website, the company is hiring for a “Principal Counsel …
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ApeCoin is up 4% amid optimistic fundamentals from the network. However, the recent APE coin’s recent gain has failed to reverse its previous downward trend fully. It’s trading near $5.70 even as ApeCoin prepares to launch a staking program. ApeCoin (APE) is a cryptocurrency based on the Ethereum blockchain. ApeCoin (APE) prices have risen by …
Continue reading “ApeCoin Up 4%: Updates on Horizen Labs Staking Program Underpin APE”
Terraform Labs Founder Do Kwon has reportedly been issued a Red Notice by Interpol South Korean authorities had submitted the request to issue a red notice to Kwon, which now seems to have been accepted by the International Police Organization. A “red notice” has been issued against Terraform Labs founder Do Kwon. Kwon, popularly known …
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The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change. The organization, which is composed of 30 companies, educative groups, and other institutions, will research the impact of the energy consumption of these technologies, and how they can …
California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector. Bill to Regulate Crypto in California Vetoed by Governor Newsom The governor of the U.S. state of California, …
The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching …
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Despite rapidly losing momentum in the crypto market, the Stellar (XLM) coin maintained its recent upward trend and remained strongly bid at the $0.1165 level. Stellar (XLM), a fork of the Ripple (XRP) coin, saw its price rise the previous day and gained ground versus Bitcoin (BTC) and Ethereum (ETH). Following a modest pullback to …
Continue reading “Stellar (XLM) on a Rise 7%: Ongoing Network Developments in Play”
Interpol has reportedly issued a “Red Notice” to law enforcement worldwide for the arrest of Terraform Labs co-founder Do Kwon. South Korean prosecutors in Seoul on Monday told Bloomberg the international policing organization issued the notice in response to charges Kwon faces in South Korea related to the collapse of the Terra ecosystem. The news …
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Crypto exchange Coinbase has found itself in legal hot water after being accused by blockchain-based software firm Veritaseum Capital of infringing on a patent relating to its blockchain technology — and is now seeking $350 million in damages. According to a lawsuit filed on Thursday by U.S. law firm Brundidge & Stanger in the U.S. …
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Data from Glassnode suggests Bitcoin is currently in the historical bear market to bull market transition period. Bitcoin Correlation Between Price And Supply In Profit Has Recently Been Below 0.75 As per a recent report by Glassnode, the BTC correlation between the price and the supply in profit generally observes multiple drops below 0.75 during …
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The SHIB (Shiba Inu) token is the offspring of the Ethereum network – an alternative to DOGE (Dogecoin). SHIB is more or less the opposite of Bitcoin in terms of availability. While BTC intends to make it scarce on the crypto market, the SHIB token flows in abundance. This is evident in its total supply …
Continue reading “Shiba Inu Rises Despite The Imminent Update”
One of the pressures in the crypto market is regulation. Many countries’ regulators are consistent in supporting the control and monitoring of crypto assets. These regulators always create laws to manage the industry and protect investors’ funds. California and New York are taking the lead in global crypto regulations. For instance, crypto companies in New …
Continue reading “California State Kills Main Crypto Bill, Why?”
The price trend of Shiba Inu has been following the rest of the cryptocurrency market and remains negative. Notably, SHIB is still seeking to reclaim the high points it reached last year, when the value and popularity of the meme coin surged. As of this writing, SHIB is trading at $0.00001145, down 4.5% in the …
Continue reading “Shiba Inu Adds Nearly 36,000 Holders Since June Despite Crypto Market Turmoil”
