NFT News by Thebittimes.Com

The Azuki team has been under criticism this week for making up to 20,000 ether, up to $38 million worth, from the launch of a new 10,000 PFP Azuki Elementals collection that looked strikingly similar to the original. The new Elementals set even had various identical artworks with the original, which have since been changed by the team. The team explained that the identical items were due to an “ETH block glitch.”  As for the artworks that looked similar but not identical, Azuki announced yesterday late at night — after a lengthy meeting on its Discord — that it will soon give the option for holders to vote on some changes that may be added to alter their appearance.  The changes proposed, however, will only involve changing the background color and adding some elements — the artwork will mostly remain the same. Some holders were evidently not happy with this news.  “What an absolute joke,” one Twitter user wrote in response to the news. “Put i...

Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate. Blockchain Australia’s new CEO, Simon Callaghan, is urging Australia’s banks, the government and the crypto industry to come together to combat rising cryptocurrency scams. Speaking on the final day of Australian Block chain Week in Melbourne on June 30, Callaghan announced the association will now be focused on helping prevent scams that involve crypto , among its other efforts . Simon Callaghan speaking at Australian Blockchain Week on June 30. Source: Cointelegraph “We're going to have to work with the banking sector. We're going to have to work with the government,” the CEO said, stressing the need to protect consumers. Callaghan however noted that scams often originate on social media or through telecommunication channels — noting that policing efforts need to start from the point of first contact: “Crypto is either an exit point or m...

Host: Colin Wu from Wu Blockchain Guests: DiscusFish, founder of Cobo, John Ge, CEO of Matrixport, and Li Peicai, a senior miner Colin Wu: I would like to invite the three of you to share your current thoughts or research on the bull-bear cycle. Has anything changed? How long do you think the bear market will continue and when will the next bull market arrive? DiscusFish : Regarding the judgment and cycle of the bull and bear markets, I see no significant changes from my perspective. There are several major factors to consider. One is the halving cycle of Bitcoin that the industry has been following every four years. Next year around April or May, we will enter another normal Bitcoin halving cycle. Typically, as history has shown, a new market cycle will commence around six months after the halving. This is a previously established narrative. However, the halving this time will involve a smaller amount of reduction, so its impact might not be as dramatic. The second aspect to consider ...

FTX, the notorious bankrupt crypto exchange, had some good things going for it.  It was widely popular for its ease of use and friendly onboarding process, with plenty of trading options to choose from in a smooth interface. Just one small thing stood in the way of its long-term success. Everybody’s funds were lost. Many crypto services have failed in one way or another, resulting in losses of customer funds; QuadrigaCX, Mt. Gox, and Bitfinex, to name a few. But don’t forget other more mainstream establishments, like banks, that also collapsed and left customers reeling: Silicon Valley Bank, Silvergate, and First Republic, or further back in time, Washington Mutual and Wachovia. In many of these cases, some or all client funds were recovered, but a sudden loss of access to one’s money is, at the very least, a harrowing experience . It all boils down to one issue: centralization. Anyone in the crypto scene hears the word multiple times a day, but it truly is the key problem wi...

Turkey’s currency, the lira, has tanked by 25% against the US dollar since April, and by more than 80% over the past five years. Memecoin PEPE has apparently offered salvation to some. Stablecoins like tether (USDT) — and even bitcoin (BTC) — have historically been obvious hedge picks, at least in terms of crypto. But over the past two months, lira holders on Binance have triggered $682 million worth of PEPE trade s, ranking the froggy joke coin fourth for lira volume on the platform across that period. Bitcoin, which came in third place, saw only one-fifth more volume over that time. Ether (ETH) came a distant seventh with $223 million. Dollar-pegged tokens USDT and Binance’s soon-to-be-defunct branded stablecoin BUSD were the most traded between Apr. 26 and Jun. 26, with $5.2 billion and $1 billion, respectively.  Blockworks looked at the 97 lira markets currently hosted by Binance for the purposes of this Analysis , based on TradingView data.  Some volume may be attributed to...

Join Our Telegram channel to stay up to date on breaking news coverage Volt Inu’s price is volatile, making it very difficult to predict how high it can go, but it hopes to ride on the popularity of memecoins. However, like Dogecoin (DOGE), the value of Volt Inu (VOLT) is very sensitive to fluctuations in social sentiment, making it a rather risky investment. Volt Inu price prediction Volt Inu ($VOLT) is a highly deflationary token on the Ethereum blockchain that continues to develop by employing real deflationary strategies and generating new revenue. The current price of Volt Inu is $0.000000416, according to the most recent statistics, and VOLT is now ranked #555 in the entire crypto ecosystem. Volt Inu has a circulation supply of 54,766,287,142,827 and a market cap of $23,003,264. The cryptocurrency’s current value has climbed by 0.63% in the last 24 hours. When we compare the current VOLT market cap to yesterday’s, we can see that the market cap increas...

Bitcoin manages another attack on $31,000, while traders hope for further BTC price upside in the coming days. Bitcoin (BTC) challenged $31,000 again after the June 27 Wall Street open as traders hoped for upside continuation. BTC/USD 1-hour chart. Source: TradingView $31,000 returns amid Fidelity Bitcoin ETF rumor Data from Cointelegraph Markets Pro and TradingView showed BTC price action edging higher after holding $30,000 support. The start of U.S. trading saw fresh positive news as asset manager Fidelity Investments reportedly prepared a filing to launch its Bitcoin spot-based exchange-traded fund (ETF). "First it happens slowly, then all at once," financial commentator Tedtalksmacro wrote in part of a reaction, referring to existing ETF plans from largest global asset manager BlackRock and others. Despite not yet repeating the rapid gains seen last week, BTC/USD preserved the majority of its progress, with commentators hopeful that bulls would come through. “Bitcoin r...

Join Our Telegram channel to stay up to date on breaking news coverage So is this a buy the dips opportunity? Last night bitcoin fell $1,700 in the space of around 15 minutes when major US crypto exchange Coinbase went down. The price recovered quickly from its US session low at $11,900 to trade back at the top end of the $12,000s, but has fallen back since then, currently trading at $11,479 on Coinbase. As the Inside Bitcoins Coinbase review points out, the site is easy to use so remains popular with new entrants, but has very high transaction fees. Although you can’t buy bitcoin with PayPal on Coinbase, you can withdraw funds to it a PayPal account for free. The busiest fiat-to-crypto exchange in the country with largest crypto market in the world going off line – it’s back up now – brings back memories of the infrastructure issues that plagued cryptocurrency exchanges in the red hot market conditions of late 2017. And Coinbase wasn’t the only exchange having tro...

CoinShares’ latest weekly inflow report shows a substantial increase in investor appetite for digital asset investment products with Bitcoin leading the rally. A recent surge in activity surrounding exchange-traded funds has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report via CoinShares. Totalling $199 million, inflows for the week of 19–23 June turned around a nine-week string of consecutive outflows, with Bitcoin (BTC) representing the lion’s share at $187 million (94% of overall inflows). This week in Fund Flows, by @jbutterfill: A sharp shift to bullishness among investors, injecting US$199m in digital asset investment products. This marks the largest single weekly inflow since July ’22, correcting almost half of 9 consecutive weeks of outflows. (1/5) pic.twitter.com/TvZ0EM2KLU — CoinShares (@CoinSharesCo) June 26, 2023 CoinShares analysts attributed the reversal to increasing activity from exchang...

Also Read: XRP Lawyer Settles Debate On XRP As Security advertisement SEC Refuses Take Position Paul Grewal, Chief Legal Officer for Coinbase mentioned that while reviewing a transcript of Binance’s hearing before Judge Jackson, he spotted the US SEC’s puzzling legal strategy. As per the transcription, the court asked the SEC about the defendants trading tokens that are not considered as securities. So, are the rest of the tokens security or not? SEC Counsel dodged the question stating that it is reserving its right as they are still at the pleading stage. It is required to get into the discovery phase where a full assessment can be done around the categorisation. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto...