KuCoin Announces Decentralized Wallet: Web3 & NFTs the Aim

KuCoin Announces Decentralized Wallet: Web3 & NFTs the Aim

Kucoin, In an effort to tap into the Web3 and NFT space, the exchange is launching a decentralized wallet integrated with cross-chain swapping feature. The crypto exchange giant KuCoin today announced its launch of a brand-new decentralized wallet as it moves towards Web3 and decentralized applications. KuCoin Sees the Future Users are now able to connect with the KuCoin Wallet, which is currently available in the web-based exchange platform. The mobile-based platform is still in the works and is set to launch in the near future. The platform is integrated…

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Bitcoin ETPs Saw Massive Inflows in May Despite the Crypto Market Selloff Catalyzed by UST’s Depeg Event

Bitcoin ETPs Saw Massive Inflows in May Despite the Crypto Market Selloff Catalyzed by UST’s Depeg Event

Summary: The month of May saw a strong recovery in the inflow of Bitcoin into ETPs, with a total of 9,765 BTC. The flow of BTC into Bitcoin ETPs has also been favorable into June, with the global holdings hitting an all-time high of 205,008 Bitcoin. The Canadian Purpose Bitcoin ETF has led inflows of Bitcoin into ETPs. The month of May 2022 will go down in history as one of the most tumultuous periods in the Bitcoin and crypto markets primarily due to the crypto-wide sell-off kick-started by UST…

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Kanye West Jumps Into NFTs & The Metaverse

Kanye West Jumps Into NFTs & The Metaverse

Kanye West amazed the NFT community with a new view after his public statement against the non-fungible tokens earlier this year. In January, the iconic rapper, and producer Kanye West raised his voice against NFTs in a handwritten statement. West stressed that his prime focus was to make real-world products and asked people to stop asking him about the NFT. However, the star left an open conclusion “ask me later.” He did say to ask him later – which looks a lot like an about face. Are The NFT Tables…

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Bitcoin’s Short Term Volatility is Irrelevant Once You Understand its Fundamentals, Says MicroStrategy’s Michael Saylor

Bitcoin’s Short Term Volatility is Irrelevant Once You Understand its Fundamentals, Says MicroStrategy’s Michael Saylor

Summary: MicroStrategy’s CEO has pointed out that Bitcoin’s short-term volatility is irrelevant once you understand its fundamentals. According to Mr. Saylor, Bitcoin is the most certain thing in a very uncertain world. MicroStrategy CEO and Bitcoin perma-bull Michael Saylor has said that Bitcoin’s near-term volatility should not be a concern. According to Mr. Saylor, the ongoing volatility in the crypto markets is irrelevant once ‘you understand the fundaments of the leading cryptocurrency and how difficult it would be to create something better.’ Bitcoin is More Certain than Stock and Even Property…

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Metametaverse Partners With Anitya To Accelerate Cross-Metaverse Interoperability

Metametaverse Partners With Anitya To Accelerate Cross-Metaverse Interoperability

Metametaverse, the platform for metaverse creators, announced its Metaverse Founders Club in collaboration with Anitya, a metaverse platform that enables users to build their own virtual worlds. It stands out as the first gathering space for the metaverse community. Metaverse Founders Club seeks to accelerate connectivity and interoperability across different metaverse projects. Joel Dietz, Metemetaverse CEO highlighted in a statement: “Sadly, in many crypto metaverses, the tendency is more of a banker that wants to capture all of the money, rather than games that were thought through from the standpoint…

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Bitcoin Addresses Holding 0.01+ BTC Hits a New All-time High Despite General Mood of Fear in the Crypto Markets

Bitcoin Addresses Holding 0.01+ BTC Hits a New All-time High Despite General Mood of Fear in the Crypto Markets

Summary: The number of Bitcoin addresses holding 0.01 or more BTC has hit a new all-time high of 10.088 million. The new milestone is despite the Crypto Fear and Greed index hitting an almost record low of 10, hinting that crypto traders are cautious about the short-term future of digital assets. Bitcoin is once again trading below the crucial $30k resistance level that could signal further losses in the month of June. The number of Bitcoin addresses holding 0.01 or more BTC has hit a new milestone. According to the…

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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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