Bitcoin is consolidating above the key USD 19,500 support zone and is facing a strong resistance near the USD 20,500 zone. BTC is currently (03:50 UTC) trading near USD 19,900 and is up around 1% in a day and a week. Similarly, most major altcoins are facing important hurdles. ETH is struggling to gain pace…
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South Korean tech giant LG Electronics has tapped into the Hedera Hashgraph (HBAR) network to bring NFTs to television screens and is also testing a crypto wallet. LG has released its NFT marketplace called LG Art Lab, available in the US on the company’s TVs running the webOS 5.0 operating system or later. The NFT…
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The government of Iran has reportedly started issuing licenses to crypto miners under the new “comprehensive and detailed” regulatory framework approved last week. The authorities previously issued licenses to a number of crypto mining operations but halted the process due to power consumption and illegal mining issues. Iran Resumes Issuing Licenses to Crypto Miners The…
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The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse. Developing the Metaverse According to…
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The high-speed smart contract platform has suffered full or partial outages at least seven separate times over the last twelve months. Network outages continue to be the Solana network’s biggest challenge, according to its co-founder Anatoly Yakovenko. Launched in 2020, the Solana network has suffered a number of network outages, which have come from a…
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Rug Pull Finder’s NFT contract was abused, allowing two scammers to mint 450 NFTs instead of one per wallet. In an ironic twist, Rug Pull Finder (RPF), a nonfungible token (NFT) watchdog focused on identifying Web3-based fraud has fallen victim to a smart contract exploit of its own. According to the NFT investigator’s post on…
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The Bill Murray 1,000 NFT drop generated 119.2 ETH worth of sales as part of a charity fundraiser, but hackers managed to steal a hefty 110 ETH from that total. Popular comedic writer and actor Bill Murray had his Ethereum wallet hacked for around 110 Wrapped ETH (wETH) worth $172,000 late last week. The auction…
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The proposed partnership aims to build a crypto-friendly digital city similar to the virtual free zone in Dubai. The Nigerian government has held a preliminary meeting with crypto exchange Binance to potentially establish a special economic zone aimed at supporting crypto and blockchain-related businesses. According to a Sept. 2 post from the Nigeria Export Processing…
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NFT NYC 2022 was filled with emerging NFT projects and industry experts. Cointelegraph senior reporter Rachel Wolfson spent a day exploring NFT NYC 2022 to learn about emerging nonfungible token projects,or NFTs, and how the sector may advance. A recent market report published by Verified Market Research (VMR) predicts that the NFT market could reach…
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U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why we haven’t banned crypto.” US Lawmaker on Regulation and Why Congress Won’t Ban Crypto Congressman Brad Sherman…
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