Bitcoin (BTC) miners have pocketed over $5 million from creating nonfungible token (NFT)-like inscriptions using the Ordinals protocol. Transaction fees for Ordinals transactions exploded 240% from $1.5 million on March 10 to 5.2 million by April 12, according to Dune Analytics data. The rise came on the back of a rather slow period between Feb. […]
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Venture capitalist (VC) investment into crypto firms continued to fall in the first quarter of 2023, yet despite the current regulatory turbulence for crypto in the United States, it is still first for the number of firms raising capital according to a new report. An April 11 report from Galaxy Research, the research arm of […]
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A new game aimed at reviving the nostalgia of pirating music with the added bonus of crypto rewards has been launched by the former peer-to-peer file-sharing platform turned nonfungible token (NFT) marketplace LimeWire. On April 13, the historic music-downloading platform, wildly popular in the early 2000s was revived and turned to Web3 in the form […]
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It is now possible to install and run a “ChatGPT-like” personal artificial intelligence (AI) on a home computer even without an internet connection and Elon Musk has warned AI development has brought us closer to a technological point of no return. Brian Roemmele, the founder of the technology blog Multiplex, wrote a detailed guide on […]
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LayerZero is a communication method that facilitates cross-chain applications. Its low-level messaging capabilities enable the development of omni-chain functionalities on top of it, such as decentralized exchanges, money market protocols and numerous other DeFi applications that can benefit from cross-chain liquidity provisions. The LayerZero platform was launched in September 2021 with Stargate Finance, a cross-chain […]
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Cryptocurrency regulation tests aiming to help shape crypto laws in Zambia that simulate the real-world use of crypto are on track to finish by June. In an April 12 Reuters interview, Zambia’s innovation, science and technology minister, Felix Mutati, said the purpose of conducting the tests was to help the government “see what would happen […]
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The Shapella hard fork has officially been executed on the Ethereum mainnet — meaning that Ethereum validators can finally withdraw their staked Ether (ETH) from the Beacon Chain. The long-awaited upgrade took effect at 10:27 pm UTC on April 12 at epoch number 194,048. Within the first hour of the hard fork, a total of […]
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In a fireside chat during the Hong Kong Web3 Festival, Changpeng Zhao (CZ), CEO of Binance, expressed that it is important for crypto regulators to have a deep understanding of the industry to facilitate proper crypto regulations. The fireside chat was moderated by Deng Chao, the CEO of Hashkey Capital. According to CZ, “There is […]
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Ether (ETH) price has increased by 58% year to date, but it has far underperformed the market leader Bitcoin (BTC). In fact, the ETH/BTC price ratio has dropped to 0.063, its lowest level in nine months. Analysts believe that the majority of the movement can be attributed to the Ethereum network’s upcoming Shapella hard fork, […]
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Coinbase CEO Brian Armstrong owes me $100. That’s because he might not know how to use the Lightning Network, the instant payment solution built on top of Bitcoin. Armstrong, who’s been building in the Bitcoin (BTC) space since 2012, recently tweeted that he would pay people who provided the “best examples” of people using cryptocurrency […]
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