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Non-fungible token (NFT) trading activity on the Bitcoin blockchain has fallen dramatically since reaching all-time highs this spring. According to data from DappRadar, an NFT analytics platform, the total trading volume for Bitcoin Ordinals NFTs has plunged around 98% from $452 million in May to just $3 million as of
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The Arbitrum team clarified that its network was not down yesterday, despite many users reporting issues with transaction processing. The problems were caused by the batch poster failing to post batches of transactions to the chain for about an hour, not a network outage. Batch Poster Failure, Not Full Outage
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Jerry Cuomo, CTO of IBM Automation, outlined key risks for businesses considering ChatGPT use in a recent blog post. He argues lack of control over data entered into ChatGPT poses major challenges. Data Privacy and Security Concerns Once data is input into ChatGPT, users lose control over how it'
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OpenSea, the leading NFT marketplace, has discontinued support for NFTs minted on BNB Smart Chain. Users can still view and transfer BNB Chain NFTs on OpenSea, but no new listings or offers will be allowed. Redirecting Resources In its announcement, OpenSea cited a need to focus resources on more promising
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The SEC may approve a futures ETF based on Ethereum according to recent reports. Analyst Adam Cochran argues this would imply the SEC views ETH as a commodity, not an unregistered security. Implications for Ethereum Approval of an ETH futures ETF would be a major win for Ethereum. It would
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THORChain, a decentralized liquidity protocol, has seen a surge in trading volume and its native RUNE token price after launching a new product called streaming swaps. RUNE rose over 40% this week, hitting a 4-month high despite broader crypto market weakness. Streaming Swaps Drive Volume On August 14, THORChain saw
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RUNE, the native token of THORChain, has rallied over 70% in August even as most other major cryptocurrencies declined. The price of RUNE sat near $1.60 at press time, up from lows around $0.90 earlier this month. What's Behind RUNE's Surge? According to analysts,
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Decentralized lending protocol Exactly suffered an exploit on Friday, becoming the latest DeFi bridge hack victim. The platform confirmed it was investigating a security issue and had paused transactions. Cybersecurity firms reported that over $7 million worth of Ethereum was stolen by exploiting Exactly's smart contracts. Ongoing Bridge
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Cryptocurrency exchange Kraken announced it has added support for PayPal's recently launched stablecoin PYUSD. Kraken enabled PYUSD deposits on August 18th and will begin trading pairs against USD and EUR on August 21st. It joins a growing list of platforms accepting the new stablecoin. Mainstream Backing PayPal unveiled
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OpenSea announced it will disable its Operator Filter starting August 31st, as rival NFT marketplace Blur continues rising in market share. The Operator Filter let creators blacklist platforms not enforcing royalties. But Blur's incorporation of royalty-optional Seaport protocol enabled its volume to surpass OpenSea's recently. Shifting
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Billy Markus, co-creator of popular meme token Dogecoin, recently offered his perspective on crypto investing best practices and favorite assets. In a thread, Markus stated his number one rule is to never invest more money than you'd be willing to lose completely. "My #1 rule of crypto
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NFT marketplace OpenSea is facing criticism after announcing plans to make payment of royalties optional for secondary sales. Investor Mark Cuban and project creators including Yuga Labs objected to the change. On Thursday, OpenSea said it will stop enforcing creator royalties, which are typically 2.5-10% fees paid to artists
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Taiwan recently announced a draft amendment to create a new business category for crypto-related companies. This move could empower the formation of industry associations to drive self-regulation in the country's crypto sector. The proposal from Taiwan's Ministry of Economic Affairs would add "digital asset services&
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America's largest banks reported a combined $18.9 billion in losses on bad loans in Q2 2022, a steep increase from previous quarters. JPMorgan Chase, Capital One and other major lenders saw loan "charge-offs" rise 75% versus last year as interest rate hikes cause more borrowers
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Central bank digital currencies (CBDCs) are expected to see massive growth, with transactions increasing 260,000% between 2023 and 2030 according to one report. But will CBDCs provide convenient digital money or increase government surveillance? 105 countries are exploring CBDCs in 2023, but only a few have fully implemented them
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Parallel, a sci-fi gaming ecosystem, has seen its PRIME token double in value since the July 31st beta launch of its flagship digital trading card game. The price increase comes as Parallel finally begins to see rewards for years of effort, according to crypto educator DeFi Dad. He told The