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Enhancing Blockchain Identity With Namechain: ENS Token Surges
The ENS token experienced a significant surge of over 10% following the announcement of ENS Labs' new Ethereum layer 2 solution, Namechain. Namechain, unveiled at the 'frENSday' conference in Bangkok, aims to streamline blockchain identity registration at reduced costs through rollups. Working alongside ENSv2, Namechain simplifies name registration, record updates, and decentralized website management. Vitalik Buterin, Ethereum's co-founder, is a prominent user of ENS, with his Ethereum address
MicroStrategy's Bitcoin Stash Surpasses $20 Billion in Value
Business intelligence firm MicroStrategy has seen its Bitcoin holdings soar above $20 billion as Bitcoin surged past $80,000. With 252,200 Bitcoin now valued at $20.54 billion, the company has gained over 104% on its Bitcoin investment. MicroStrategy, led by Michael Saylor, has acquired Bitcoin 42 times at an average cost of $39,292. It remains the largest corporate Bitcoin holder, followed by Marathon Digital and Riot Platforms. MicroStrategy aims to raise $42 billion for more Bitcoin under its
Enhancing User Experience in the Crypto Wallet Ecosystem
The WalletConnect Foundation and Reown have collaborated to introduce WalletGuide, a detailed manual on crypto wallets, and WalletConnect Certified, a set of UX standards to promote better design and interfaces in blockchain wallets. Currently, 19 wallets, such as Binance Web3 Wallet, SafePal Wallet, and MetaMask, have received the WalletConnect certification. Pedro Gomes, the director of the WalletConnect Foundation, highlighted the evolving criteria for certification, aiming to address user ne
Embracing AI in Filmmaking
Renowned director Ridley Scott has shifted his perspective on artificial intelligence, recognizing its potential benefits in the film industry. In a recent interview, Scott expressed his newfound appreciation for generative AI as a cost-effective tool that can revolutionize creative processes such as animation. Previously wary of AI's implications, Scott now views it as a valuable asset for reducing production expenses and enhancing artistic possibilities. This change of heart marks a significan
Decentralization and Bitcoin Price Surge
In the world of cryptocurrency today, Elon Musk expressed support for ending the Federal Reserve Bank, while Edward Snowden criticized Solana for its heavy venture capital funding. Musk endorsed a call to increase oversight of the Federal Reserve Bank, suggesting it needs more scrutiny from the Executive Branch. Snowden, speaking at a conference in Bangkok, highlighted the impact of venture capital on blockchain projects, using Solana as an example. He cautioned that excessive financial backing
Crypto Fear and Greed Index Hits Extreme Greed As Bitcoin Surges
The Crypto Fear and Greed Index, measuring market sentiment for Bitcoin and other cryptocurrencies, reached its highest level of 'greed' in almost seven months on Nov. 10 as Bitcoin surpassed $81,000. With a score of 78 out of 100, placing it in the 'Extreme Greed' zone, this is the highest level since April 12. Bitcoin entered the 'Extreme Greed' zone on Oct. 31 and has maintained a score between 70 and 78. Despite hitting a new all-time high of $81,358 on Nov. 10, Bitcoin has slightly decrease
Revolutionizing Royalty Payments in the Music Industry
Unpaid royalties are significantly impacting artists' earnings worldwide, with the music industry facing a fundamental problem in royalty calculations and payments. Limp Bizkit's lawsuit against Universal Music Group sheds light on intentional royalty concealment, highlighting the dire situation for both established and emerging artists. The root cause lies in metadata discrepancies across various databases, leading to missed payments and inaccurate crediting. Blockchain technology emerges as a
Shiba Inu Poised to Outperform Dogecoin By 2025
The competition between Shiba Inu (SHIB) and Dogecoin (DOGE) remains intense, capturing attention and sparking discussions within the crypto community. Recently, Sistine Research revealed a Shiba Inu chart analysis indicating that SHIB could potentially surpass DOGE by 2025. The analysis highlights key support and resistance levels, suggesting a significant price rally for Shiba Inu against Dogecoin. The chart illustrates a consistent price pattern where SHIB has maintained stable support levels
Cardano's Rollercoaster Ride: From Struggles to Potential Gains
Cardano (ADA) faced challenges in 2024, losing over 40% of its value. However, a sudden surge in November saw ADA recovering losses from six months in just a week, aiming for over 100% price increase by March 2025. The rise was attributed to a broader crypto market rally post the reelection of pro-crypto US presidential candidate Donald Trump. Speculations of Cardano founder Charles Hoskinson joining the Trump administration fueled the surge, although Hoskinson clarified no formal invitation was
Notcoin's Potential Turnaround: a Positive Outlook
Notcoin (NOT) has been experiencing a prolonged downtrend since June, with significant price drops. However, recent developments indicate a possible shift for this Telegram-based cryptocurrency. A notable 25% surge has brought optimism to NOT traders, hinting at a potential change in sentiment within the Notcoin community. Despite price declines in October, traders remained steadfast, showing confidence in a potential recovery. This resilience suggests stable long-term support from Notcoin enthu
FTX Bankruptcy Estate Seeks to Recover Funds From SkyBridge Capital and Anthony Scaramucci
The FTX bankruptcy estate is pursuing over $100 million from SkyBridge Capital and founder Anthony Scaramucci to reclaim expenses incurred by former FTX CEO Sam Bankman-Fried (SBF) on sponsorships and investments with Scaramucci and SkyBridge dating back to 2022. Bankman-Fried engaged in various investments and partnerships with SkyBridge Capital and Scaramucci, including a $12 million sponsorship of Scaramucci's SALT conference in January 2022 and a $10 million investment in the SkyBridge Coin
Parfin's Rayls Featured in JP Morgan's Project EPIC
Parfin's Ethereum Layer-2 chain, Rayls, was recently showcased in JP Morgan's blockchain-focused business unit's Project EPIC. The report highlights Rayls' secure and compliant identity solutions for regulated financial markets. JP Morgan's Kinexys Digital Assets (KDA) presented Rayls in the UniFi blockchain ecosystem, focusing on privacy and identity solutions. The report emphasized Rayls' privacy ledgers, decentralized blockchain communication, and regulatory compliance integration. It also di
Bitcoin Open Interest to Market Cap Ratio Surge
The Bitcoin Open Interest to Market Cap Ratio has surged alongside the recent price increase to a new all-time high. The Open Interest to Market Cap Ratio, as explained by Satoshi Club, shows an overheating trend in Bitcoin's derivatives market compared to its Market Cap. This ratio indicates the volume of 'Paper' BTC in relation to the asset's spot value. Despite expectations of the ratio decreasing with Market Cap growth, it has risen sharply, reaching 6%. Historically, high ratios have preced
AI Robot Artist's Turing Portrait Sells for $1.1 Million At Sotheby's
A portrait of Alan Turing created by humanoid robot artist Ai-Da was auctioned at Sotheby's for $1.08 million, showcasing the rising popularity of AI art. Surpassing expectations, the sale price was nearly 10 times higher than predicted, reflecting a growing interest in the fusion of art and technology, especially among younger collectors. Titled 'A.I. God', the 7.5-foot portrait received 27 competitive bids and drew inspiration from renowned artists like Picasso and Salcedo. This sale signifies
Foiled Scammer's Attempt to Hijack Kraken Crypto Account With Rubber Mask
Kraken recently thwarted a scammer's audacious attempt to hijack a crypto account by wearing a rubber mask of the victim during a video call verification process. The attacker, who failed initial security checks, tried to impersonate the account holder but was easily identified due to discrepancies. Kraken's Chief Security Officer, Nick Percoco, revealed that the mask did not resemble the victim, indicating a sloppy disguise attempt. This incident sheds light on the potential risks posed by scam
The Future of DeFi: Trends to Watch
DeFi is revolutionizing traditional finance with innovative trends. Yield AMMs like Pendle Finance are separating yield from assets, enabling new trading strategies. Platforms such as Yearn Finance automate yield optimization, simplifying user experience. Derivatives trading in DeFi is growing with platforms like dYdX and Synthetix offering advanced risk management. Flash loans and tokenization of real-world assets are reshaping DeFi, attracting institutional capital. DeFi is democratizing acces
Transforming Information Sharing With Info Finance
Ethereum co-founder Vitalik Buterin has introduced the concept of 'info finance' to revolutionize how information is gathered, verified, and distributed across various industries. In his recent blog post, Buterin delves into how blockchain technology can enhance the aggregation, organization, and dissemination of insights. He proposes that info finance involves designing markets to extract information effectively from participants. Buterin emphasizes prediction markets, such as Polymarket, as to
Unifying Asia-Pacific's Crypto Media Landscape
HashKey Capital and Decrypt have collaborated to launch Layer East Media, a coalition of prominent Web3 media outlets in the Asia-Pacific region. The council of Layer East Media comprises members from leading blockchain media outlets across APAC and beyond. The alliance aims to assist Western Web3 projects in expanding their presence in the Asia-Pacific market, which is characterized by diverse cultural nuances. By providing market education and facilitating engagement with local users, Layer Ea
Anticipated Growth in Crypto Market Cap
Standard Chartered predicts a fivefold increase in the total crypto market cap to $10 trillion by the end of 2026, driven by potential regulatory changes following the recent US election. The bank foresees the repeal of SEC guidance SAB 121, which could enhance the involvement of US banks and institutional investors in the digital asset market. Stablecoins are expected to benefit from regulatory initiatives, with the stablecoin market cap projected to reach $1 trillion by 2026. Bitcoin's price i
SEC Delays Decision on Ethereum ETF Options Trading
The US Securities and Exchange Commission (SEC) has postponed its ruling on allowing options trading for Ethereum (ETH) exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE). The delay, as per a Nov. 8 filing, is due to the need for further review and assessment of market impacts. The decision pertains to Bitwise’s ETHW, Grayscale’s ETHE, Ethereum Mini Trust, and BlackRock’s ETHA. Interested parties have 21 days to submit arguments on the approval or disapproval of options for Ether
