OpenSea Integrates New Features to Improve NFT Authenticity

OpenSea Integrates New Features to Improve NFT Authenticity

After numerous complaints from artists and creators, the NFT giant OpenSea finally came up with a solution. On Wednesday, OpenSea announced the integration of new features in its considerable efforts to boost authenticity of NFT collectibles on the platform. As part of the strategy, the NFT leading marketplace will focus on two areas. OpenSea to Protect NFT Community OpenSea is looking for ways to shore up security on its platform. First, OpenSea is adding more layers of verification and a verified badge for an account. Second, it is implementing an…

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The Value of El Salvador’s Bitcoin Holdings Drops by $40B Due to the Ongoing Crypto Market Pullback

The Value of El Salvador’s Bitcoin Holdings Drops by $40B Due to the Ongoing Crypto Market Pullback

Summary: El Salvador’s Bitcoin holdings have lost value by roughly $40 million This amount is almost equal to El Salvador’s next coupon payment on its debt for the month of June, worth $38.5 million However, President Bukele has an 85% approval rating President Bukele also shared plans for the country’s Bitcoin City El Salvador’s Bitcoin holdings have been hard hit by the ongoing crypto market pullback that has seen Bitcoin lose several support zones in one week, from $38k to the local low of $26,700 set yesterday, May 12th. According…

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Is The Dawn Of AI Finally Upon Us?

Is The Dawn Of AI Finally Upon Us?

Hearing about what AI (Artificial Technology) can do for us is something previously only talked about in the realm of science fiction. Now though, this kind of technology is rapidly becoming an integral part of our daily lives and in more ways than one. Of course, there are going to be those aspects of our society which will understandably benefit from AI technology implementation, such as that of medicine, business, and automation, but perhaps it is indeed content creators who will benefit the most. As the global usage of NFTs…

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Bitcoin Will Hit $500,000 by 2025 Says Galaxy Digital Boss Mike Novogratz

Bitcoin Will Hit $500,000 by 2025 Says Galaxy Digital Boss Mike Novogratz

Crypto proponent Michael Novogratz has made an ambitious prediction regarding the world’s leading digital currency by market cap, Bitcoin. Novogratz said cryptos will soon go viral like the internet and the price of Bitcoin could hit $500,000 much sooner than the world expects. Former hedge fund manager Mike Novogratz has said that the market price for a single Bitcoin token could climb as high as $500,000 by the year 2025. Novogratz commented on the BTC growth expectations in an interview with Bloomberg on Tuesday. During the interview, the Galaxy Digital…

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Is Spotify Heading To NFTs? Recent Job Postings Suggest So

Is Spotify Heading To NFTs? Recent Job Postings Suggest So

Music NFTs are not a new thing, but music NFTs with Spotify is something else. Spotify, the world’s largest music streaming service, is eyeing a new opportunity to hop on the NFT bandwagon. The music streaming service recently posted two job listings for senior engineers to work on early-stage Web3 products. Spotify Plans To Add NFT Features The qualifying candidate, according to the job postings, will be part of a full-stack team tasked with pushing “growth through new technologies, like Web3.” In another job ads, Spotify noted that it is…

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Bitcoin Battles to Hold $41k as the Fed Raises Interest Rates by 0.25%

Bitcoin Battles to Hold $41k as the Fed Raises Interest Rates by 0.25%

Quick take: Bitcoin hit a local high of $41,718 as anxiety grew on Wednesday, that the Fed would increase interest rates The U.S Federal reserve announced a 0.25% rate hike and signaled six more increments this year Bitcoin has since dropped below $41k to $40,600 Current prices are a relief for Bitcoin traders given Sunday’s low of $37,555 and expectations of panic selling once the Federal Reserve increased interest rates In the last 48 hours, Bitcoin has managed to pop above $41k setting a local peak of $41,718 early yesterday,…

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Ukraine Crypto Trading rose by 107% since the Russian-Ukraine Conflict. Is the war bolstering crypto adoption?

Ukraine Crypto Trading rose by 107% since the Russian-Ukraine Conflict. Is the war bolstering crypto adoption?

Crypto trading rose by 107%in Ukraine since the conflict began Combined Russian-Ukraine crypto trading in USDT and BUSD pairs has attracted an average of US$80m a day at times.  A recent report issued by Financial Times highlights how the Russian invasion of Ukraine may help mainstream crypto adoption.  The report further explains how crypto donations made to Ukraine have proven instrumental in influencing the crypto industry and the attitude of the masses towards the digital asset market.  Crypto Philanthropic Efforts To Ukraine May Boost Cryptocurrency Adoption Recently, the Ukrainian authorities…

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