NFT News by Thebittimes.Com

The fate of the Panamanian crypto bill project, which was approved by the Panamanian National Assembly last year, now depends on the decision of the supreme court of the country. The sanction of the project, which was vetoed by President Laurentino Cortizo, is now in the hands of the court after Congress rejected the veto measure. Panamanian Law Still Has Opportunity of Being Approved The Panamanian cryptocurrency bill, which was introduced in 2021 to the National Assembly and passed by the institution last year, has the opportunity of being re-examined and sanctioned even without presidential support. The destiny of the document lies now in the hands of the Supreme Court of Panama, which will have to weigh the arguments in favor and against the sanction of the regulatory framework. President Laurentino Cortizo, who received the document on Jan. 18 to sanction the proposed bill, delivered it to the court instead after issuing heavy objections to its form. The institution, that will ...

In December of last year, Elon Musk called OpenAIs newly developed chatbot, ChatGPT , “Scary good.” Additionally stating, “We are not far from dangerously strong AI.” Since then, the buzz and fanfare around the artificial intelligence program have only gotten greater. Leading us to look back at the meteoric rise of ChatGPT . The OpenAI-developed program made its debut in December, leading with a test release. The chatbot wasn’t just well executed, it also blew people away; it became a viral sensation for its near-endless capabilities. Since its arrival, it has only gotten more mainstream attention and seemingly only proven the strength of its coding time and time again. OpenAI Source: Forbes Although the name ChatGPT has gotten a plethora of fanfare — and rightfully so — the real mastermind behind that name is OpenAI. A Texas-based research and development company, the creators of the viral chatbot are in the midst of a self-professed mission to: ...

An internal conflict at the privacy-focused Secret Network has resulted in at least one validator throwing in the towel. A major validator for the privacy smart contract layer-1 blockchain Secret Network has announced that it will no longer provide nodes and support for the network. On Jan. 29, major validator Smart Stake announced that it would be shutting down its Secret Network validator nodes on Feb. 21. Smart Stake cited “complex/stressful validator operations, cost/effort of validator ops, and recent events,” as reasons for withdrawing its services. Smart Stake is a staking and validator service provider that supports several networks including Crypto.com, Polygon, Cosmos, and until recently Secret Network. PSA for @SecretNetwork delegates of Smart Stake: Smart Stake will be shutting down its Secret validator on 21st Feb. Please redelegate to another validator . Reasons: 1) Complex/stressful validator operations on $SCRT 2) Cost/effort of validator ops 3) recent events ...

Bitcoin and Ethereum prices have been steady despite experiencing significant volatility in the past few weeks. Bitcoin is maintaining a narrow range between $22,350 and $23,350, while Ethereum is trading choppily within a tight range of $1,550 to $1,630.  As we enter the weekend, many investors are wondering if this could be the time for a breakout. The answer to this question lies in the Analysis of Bitcoin and Ethereum prices over recent days. By looking at the historical trends of these two leading cryptocurrencies, investors can get an idea of whether or not this weekend could see BTC & ETH break out from their current ranges.  Furthermore, by understanding the underlying factors that influence Bitcoin and Ethereum prices, investors can make informed decisions about their investments. Cryptocurrency Market Overview: The Fundamentals Of An Upcoming Boom A cryptocurrency bullish rally was sparked by the previously released Personal Consumption Expen...

Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be a “fantastic tool” which can be used by developing countries as a “social safety net.” Local Banks and Fintechs Central to Saudi Arabia’s Digital Currency Project The Saudi Central Bank (SAMA) has said its digital currency experiment is ongoing and is presently focused “on domestic wholesale CBDC [central bank digital currency] use cases in collaboration with local banks and fintechs.” Also, during this testing phase, SAMA will examine a CBDC-based payment system’s likely impact on the economy as well as the market’s readiness. Outlining the central bank’s CBDC approach, Fahad Almubarak, the governor of SAMA, claimed that local banks and payment companies ...

Following a failed short attack, DeFi exploiter Avraham Eisenberg was liquidated from Aave at a loss of $10 million. According to a new post on Jan. 26, Marc Zeller integrations lead at decentralized finance (DeFi) lending protocol Aave stated that the firm purchased 2.7 million Curve (CRV) tokens which would clear "excessive remaining bad debt" within the next 15 hours over a dozen transactions. The move follows the community approval of Aave Improvement Protocol (AIP) 144, which deployed a swap contract that acquires 2,700,000 units of CRV, with a USDC spend limit of $3,105,000 and max unit value of $1.15 per CRV token. The bad debt on the Aave protocol resulted from a sophisticated exploit that took place on Nov. 23. Avaraham Eisenberg, who previously drained DeFi protocol Mango Markets and caused $47 million in net damages, took on a series of heavy volume short CRV positions on Aave in an attempt to orchestrate a short squeeze and force developers to buyback his posi...

Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand. Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe. Boston Law School professor and chief compliance officer at crypto exchange Bitstamp, Thomas Hook, told Cointelegraph that Web3 lawyers will soon become “business differentiators” because they’ll be faced with the tough task of helping firms navigate through legal and regulatory uncertainties. This will ultimately determine how fast firms can take their products and services to market, Hook explained: “Given the lack of clarity in many regulations and the complexity, Web3 companies will continue to need legal and compliance representatives to support them. These types of individuals are becoming business differentiators as they can help or hinder a business to get to market quickly...

President of Brazil Luis Inacio Lula Da Silva clarified the scope and reach of the common currency that Brazil and Argentina are studying to issue in Latam. Lula Da Silva clarified that he believed this currency would be used to settle cross-border payments between the two countries and also countries from BRICS and Mercosur. Lula Clarifies Latam Common Currency Intention Luis Inacio Lula Da Silva, president of Brazil, has clarified the facts surrounding the intention that Argentina and Brazil have of creating a Latam common currency, that would be later extended to all of Latam. Upon his arrival in Buenos Aires for the CELAC summit of chiefs of state, Lula explained that the discussion would circle around the launch of a currency for multilateral settlements amongst countries of different integration groups, including BRICS and Mercosur. Lula Da Silva stated: Why not create a common currency with the Mercosur countries, with the BRICS countries? I think that is what is going to h...

Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction. Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others. It’s because excessive negative funding rates, like the one in Solana displayed below, implies that the majority of traders are on the short side, providing an opportunity for buyers to run their stops. SOL funding rate for perpetual swaps. Source: Coinglass Regardless of the reason behind the price increase, if enough buyers are interested in joining the bullish move, it can turn into a medium-to-long-term bullish trend. However, Solana's fundamental and market analysis shows weakness, which will more likely cause a steep correction in the altcoin. Solana finds a worthy competitor in NFT space Solana rank...

Serious BTC short liquidations are just a stone's throw away, but Bitcoin has so far failed to beat resistance. Bitcoin (BTC) has an important new price target for bulls to meet — and it is closer than it seems. As noted by Philip Swift, co-founder of trading suite Decentrader, $25,000 is now a critical BTC price level. Bitcoin price rally near "a lot of liquidity" After putting in 40% gains in January, Bitcoin continues to consolidate around the $23,000. Opinions are split as to what will happen next — after more than a year of bear market, plenty of market participants expect a dramatic correction and even new multi-year lows of $12,000 or worse. Others believe that the good times can continue and even see BTC/USD reach $30,000 before checking its relief rally. In the meantime, however, some are focused on another line in the sand much closer to current spot price. For Swift, the area around $25,000 is now especially significant. This, he noted in a tweet on Jan. 24,...

The New York Post reported that billionaire Amazon founder, Jeff Bezos, is considering a sale of the Washington Post to purchase the NFL’s Washington Commanders. The American football team has been up for sale for much of the last few months. It appears as though the Amazon tycoon is attempting to position himself first in line. The New York-based publication has noted that Bezos is seeking to “clear the way for a purchase of the Washington Commanders,” at the expense of the famed Washington newspaper. Investors have told the New York Post that events of the last month have indicated a strong possibility of Bezos’s NFL ownership. JUST IN: Jeff Bezos to sell Washington Post and buy NFL team Commanders, NYP reports. — Watcher.Guru (@WatcherGuru) January 23, 2023 Bezos Seeking NFL’s Washington Commanders Jeff Bezos is well known as one of the richest men in the world, and the orchestrator of the behemoth production giant, Amazon. Now, it a...

Join Our Telegram channel to stay up to date on breaking news coverage From 35 in May 2020, at least 114 central banks—representing 58% of all nations, which also produce 95% of the world’s GDP—are now studying central bank digital currencies (CBDCs). And a group of Bank of America cryptocurrency analysts are openly positive on the technology. ‘Digital currencies appear inevitable,’ says the conclusion of a recent research study. We see distributed ledgers and digital currencies like stablecoins and CBDCs as a logical development of the current financial and payment systems . The research analyzes the potential advantages and disadvantages of CBDCs—both in terms of their issuance and non-issuance—as well as various distribution strategies. The report includes a number of case studies that focus on the growth and difficulties of CBDC in particular economic blocs and countries. The outdated infrastructure and various inefficiencies of t...

1. Uniswap plans to discuss a proposal to deploy Uniswap V3 on the StarkNet network link Uniswap plans to discuss with StarkWare and Nethermind the proposal to deploy Uniswap V3 on the StarkNet network, as well as the new problems faced by its deployment on the first non-EVM network. 2. Sushi CEO release d the roadmap for 2023 link Sushi CEO released the roadmap for 2023, it will release its DEX aggregation router in the Q1, redesign tokenomics to encourage LPs to migrate to Sushi for increased ROI, launch Sushi’s decentralized incubator: Sushi Studios, etc. 3. ETH’s weekly summary a. ETH supply deflation again to pre-merge levels after 47 days link Opensea (consuming 1517 ETH) ranked first in terms of ETH consumption of GAS fees in the past 7 days, followed by Uniswap V3, ETH transfers, Tether, and Uniswap V2. b. The Ethereum Foundation launch es second Academic Grants Round link With this grants round, the Ethereum Foundation welcomes more academics to the table to push forward...