Author: BitcoinInfo.com

NFT Execs Discuss Future of the Crypto at Cannes Film Festival

On May 23, Variety hosted a luncheon with Electromagnetic Productions (EMP), Galaxy and OP3N about the use of NFTs in the entertainment industry during the Cannes Film Festival. During the summit, Mark Kimsey, co-founder and co-CEO of NFT production studio EMP, shared what he saw as the potential future dynamics crypto can have within the film world.

EGO.COM – An Iconic Cardano NFT Project is Gaining Momentum

New York, May 31, 2022 (GLOBE NEWSWIRE) — , a Cardano-based NFT services provider with an iconic name, has been making rounds within the NFT space. This up-and-coming project with a promise to facilitate a “Digital Renaissance in art” is quickly gaining a “crypto gem” reputation in the current bear market.

Five crypto assets to follow in 2022

So far, 2022 hasn’t been the best year for crypto. Constant reminders about the fed hikes, the tightest correlation possible with the equities market, and the unfortunate incident surrounding Terra-all of it played a role in keeping the market moderately bearish. Yet, despite everything, some have managed to grab every opportunity to invest, especially during the dips.

https://www.thecoinrepublic.com/2022/05/31/as-gas-prices-per-transaction-fall-below-3-ethereum-transaction-fees-have-dropped-to-a-10-month-low

How This Achievement Brought Ethereum Closer To The Merge

Ethereum is making progress towards its transition from a Proof-of-Work (PoW) consensus to a Proof-of-Stake consensus algorithm.

Ethereum Layer 2 Optimism Launches Token Airdrop

Optimism’s OP token is live. A portion of the OP supply has been distributed to eligible addresses via an Ethereum airdrop, with more airdrops to follow in the future. The OP token forms part of what Optimism is calling “the Optimism Collective,” the community that will govern the future of the Layer 2 network.

https://www.business2community.com/crypto-news/ethereum-price-hike-after-beacon-chain-fears-subside-02499553

Bitcoin (BTC) Holds Above $31K, Ethereum (ETH) Slips

Bitcoin remained above the $31,000 level, while Ethereum slipped into the red as the global cryptocurrency market cap slipped 0.55% to $1.31 trillion at press time on Tuesday evening. ​​ Top Gainers Over 24 Hours See Also: Best Crypto Debit Cards Why It Matters: Cryptocurrency markets were mixed press time.

Rich Dad Poor Dad’s Robert Kiyosaki Warns of Stocks and Bonds Crashing – Depression, Civil Unrest Coming

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that a depression and civil unrest are coming. He also warned of the stock and bond markets crashing. The author of Rich Dad Poor Dad, Robert Kiyosaki, has issued more warnings about the U.S. economy.

Crypto Banking Rules Now Due This Year From Basel Committee

Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto. Norms governing banks’ exposure to crypto assets will be completed this year, the Basel Committee on Banking Supervision said, taking notice of recent market struggles as a reason to push ahead with the controversial plans.

What Are Stablecoins and Are They Less Risky? The Details Crypto Investors Should Know

Cryptocurrencies are extremely volatile. From to , these digital tokens don’t behave the same as conventional financial instruments like stocks and bonds, but their volatility is one of the reasons they remain appealing to crypto investors. Yes, you could lose all your money when a coin or token takes a dive — or you could become a millionaire overnight.

Singapore Central Bank Ready To Try DeFi After Crypto Giants Leave for Dubai

The Monetary Authority of Singapore is partnering with JPMorgan Chase to lead a pilot program exploring DeFi’s potential Binance, Bybit and Crypto.com have all initiated moves into Dubai The central bank of Singapore is tapping JPMorgan Chase to help lead a new blockchain pilot exploring the potential of DeFi.

https://www.business2community.com/ie/cryptocurrency/best-crypto-exchanges

Ethereum scaler Optimism airdrops OP tokens

Popular Ethereum layer-2 scaling solution Optimism airdropped its new OP governance token to nearly 249,000 eligible wallets on Wednesday morning Asia time. See related article: Vitalik Buterin: Layer 2 is the future of Ethereum scaling Fast facts The airdrop was first announced in an April blog post which outlined plans for the network to launch […]

Upcoming Ethereum Merge ‘Dress Rehearsal’ Makes Way for Bellatrix Upgrade – BeInCrypto

With the Ethereum Merge expected early this month, network developer Tim Beiko has announced the Bellatrix upgrade for June 2. This is the improvement upgrade that prepares the Ropsten Beacon Chain for the Merge. On May 30, Ethereum announced the launch of a new beacon chain on the Ropsten network to provide consensus.

Prada to Launch NFTs on the Ethereum Network

Prada is deep into the metaverse with its second NFT launch. The luxury brand plans to launch 100 NFTs on the Ethereum network this Thursday as part of its Cassius Hirst Timecapsule apparel drop. The Prada x Cassius Hirst drop will feature unisex button-down shirts in black or white.

The Bitcoin Lightning Network capacity has set an all-time high of 3,915 BTC

According to statistics from Bitcoin Visuals, the Bitcoin Lightning Network capacity has hit an all-time high of 3915.776 BTC ($113 million), proving the popularity of the Layer 2 scaling solution for Bitcoin. Initially introduced in 2018 to solve Bitcoin’s scalability difficulties, the Lightning Network has since been able to sustain an upward trend in increasing its capacity.

Game developer Akatsuki announces $20 million web3 fund

The name Emoote was chosen to signal that NFT consumption is based on ’emotional values,’ Akatsuki said.

Polygon Increases KYC Scrutiny of Potential Investments and Grants in India

Amitoj Singh is CoinDesk’s regulatory reporter covering India. He holds BTC and ETH below CoinDesk’s disclosure threshold of $1,000. Layer 2 side chain Polygon is requiring extensive KYC (Know Your Customer) details to provide funding, investments, grants or financial support to potential partners in India, said a person familiar with the matter.

4 August 2022: BTC Down 1.15%

s of 9:11am today, the price of Bitcoin (BTC) is £18,836 ($22,925), according to CoinMarketCap. It’s down 1.15% on yesterday’s figure of £19,052 ($23,084), 2.35% on last week and up 13.99% on one month ago. The 24-hour trading volume is around £21.8 billion ($26.5 billion), and it has a market cap of about £360.0 billion ($438.1 billion).

Bitcoin (BTC) Close to a Cycle Bottom Based on This Metric, According to Quant Analyst – The Daily Hodl

One metric indicates Bitcoin (BTC) is getting close to the end of its “cyclic bottom,” according to Ki Young Ju, chief executive of on-chain insights platform CryptoQuant. Unspent transaction output (UTXO) age bands are “a set of all active supplies that were last moved within a specified age band,” and they track the trading behavior of long-term and short-term holders, according to CryptoQuant.

Singapore’s deputy PM to retail investors: don’t buy crypto

Singapore’s deputy prime minister Heng Swee Keat has told retail investors not to buy cryptocurrency. “Retail investors, especially, should steer clear of cryptocurrencies, we can not express this enough,” said Heng, speaking on Tuesday at the Asia Tech x Singapore (ATxSG).

https://www.thecoinrepublic.com/2022/05/31/heres-how-to-mint-a-nft-for-free

https://www.comicsbeat.com/tcaf-disinvites-nft-minter-pink-cat-from-show-amid-criticism

Beatport and PIXELYNX Launch Derivative Synth Heads NFT Collection in Partnership with London’s Junction 2 Festival

BERLIN and LONDON, May 31, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Beatport, the global leader of music for DJs, producers, and their fans, and PIXELYNX, the new music metaverse gaming platform created by musicians and technologists Joel Zimmerman aka deadmau5 and Richie Hawtin, announce a limited derivative collection of their popular Synth Heads NFTs in partnership with leading UK techno festival Junction 2, which is making its first appearance in more than two years.

https://www.hawaiinewsnow.com/prnewswire/2022/05/31/baby-shark-bubblefong-friends-signs-mou-with-binance-nft/%3FoutputType%3Damp

Ethereum Roundup: Ethereum Announces Ropsten Testnet Merge, ETH Addresses Out of Money Peak, Staked ETH Supply Reaches 10%

There has been a lot of talk around Ethereum amid the growing hype of the upcoming Merge.

Fidelity to Add Ethereum

Goes on a crypto devs hiring spree. Fidelity, one of the world’s biggest investment firm with $11.3 trillion in assets under management, is to expand beyond bitcoin to ethereum services. Tom Jessop, the president of Fidelity Digital Asset Services, said they plan to build out infrastructure to support custody and trading services for eth.

Bitcoin rebounds, but are new investors buying the dip? On-chain data says no

Bitcoin has jumped above $32,000 Tuesday to the highest level since May 10, while U.S. stocks indexes traded mostly lower, though the two assets have been often trading in tandem during the past few months. The cryptocurrency was trading at around $32,071, up 4.5% over the past 24 hours, according to CoinDesk data.

Basics of Bitcoin For Beginners

Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is decentralized, meaning it is not subject to government or financial institution control. The network is based on a blockchain, a public ledger of all Bitcoin transactions. Explore Bitcoin Decoder for further information.

Mercado Bitcoin announces USDC issued by Stellar network

Mercado Bitcoin is the largest cryptocurrency and alternative asset trading platform in Latin America and boasts more than 3.5 million customers. Mercado Bitcoin has announced it will have access to USDC issued on the Stellar network, thus offering users the possibility of transacting using USDC with lower fees, a fraction of one cent per transaction.

Goldman Sachs Is Eyeing a Derivatives Trading Deal with Crypto Exchange FTX

Goldman Sachs is in talks with crypto exchange FTX to integrate some aspects of their derivatives businesses, according to a person familiar with the matter. FTX is one of the world’s largest crypto exchanges. It currently offers crypto trading to U.S. investors through an arm called FTX.US, and recently acquired a U.S.-regulated derivatives exchange.

New York couple accused of laundering $4.5 bln in crypto still in plea talks

A New York couple accused of laundering $4.5 billion in cryptocurrency tied to the 2016 hack of digital currency exchange Bitfinex are still negotiating a possible plea deal while reviewing more than 1.1 gigabytes of evidence in the case, prosecutors said.

Ex-counterfeiter finds second career as NFT artist

NFTs have exploded in popularity over the past year. Some projects turn out to be scams and others prove to be extremely desirable and valuable. What’s concrete, however, and void of the subjective is the fact that this new wave of issuing and authenticating artwork has improved the lives of many artists across the world.

Popular Israeli Webcomic Artists Launch ‘XOXO’ NFT Collection

Maya and Yehuda Devir, the popularartists who have gone viral with their humorous and poignant relationship webcomics, announced in December they were taking a break from posting on social media, with the promise to come back shortly with “something big.” Their millions of followers (5.7 million on Instagram, 1.3 million on Facebook, ), eagerly awaitedtheir return and were not disappointed.

Superfan Who Got Botched 50 Cent Tattoo Selling Original Photo As NFT

An aspiring African artist who goes by Show Yoh went viral earlier this month after he proudly showed off his 50 Cent back tattoo. But the inked portrait of the Get Rich or Die Tryin’ rapper was received terribly online, with many shocked at the poor quality of the artwork.

https://www.thecoinrepublic.com/2022/05/31/first-ever-israeli-nft-enters-the-realm-of-digital-creations

Bitcoin Reclaims $30K as the Market Recovers $60 Billion (Market Watch)

Following days of depressing price action and a declining chop, the cryptocurrency market has finally managed to recover some of the losses. In the past 24 hours, the total capitalization increased by around $60 billion, as green is the predominant color.

Crypto Users May Circumvent Regulatory Hurdles with P2P

P2P platforms are merging as outlets for crypto users to facilitate transactions & avoid potential regulatory issues with traditional banks.

https://www.coindesk.com/markets/2022/05/31/first-mover-asia-tether-is-quiet-about-its-bankers-will-it-affect-its-peg

Cardano Becomes Sixth Biggest Crypto With 27% Surge

Cardano rallied over 27% today, overtaking Ripple to become the sixth-largest cryptocurrency on the market. The rally precedes the highly-anticipated Vasil hardfork upgrade, which is expected to improve the network’s throughput and efficiency. The Vasil testnet release is scheduled for Jun. 2, with the mainnet launch slated for Jun. 29.

https://www.youtube.com/watch%3Fv%3DOBoaxf_zEOI

Game Over: Ethereum GameFi Activity Collapses By 96% | Bitcoinist.com

GameFi has been a particularly interesting landscape over the past year, and while the cryptocurrency market at large has been middling – in the midst of heated debates around whether we’re in a full fledged bear market (and if so, how long it will persist) – many other subsets within the crypto market have taken hits.

Over 1.2 Million Ethereum Transactions Failed in May

Ethereum’s failed transaction count soared by another 1.2 million in May alone. That’s up 200,000 from last month’s figure and over 2% of all failed transactions in its history. According to the blockchain data explorer Blockchair, exactly 1,228,131 Ethereum transactions failed between May 1st and May 31st, at the time of writing.