NFT News by Thebittimes.Com

The US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (or FIT21) on Wednesday, in a vote of 279 to 136. Marking an apparent turning point in US political opinion towards crypto, 71 Democrats voted for the bill, despite the White House voicing concerns that it “lacks sufficient protections,” and urging for “further time” for “continued collaboration.” FIT21 passes the Ho US e 279 – 136 Ho US e Democrats voting in favor of this bill: 71. That is a *huge* number of elected Democrats voting "no confidence" in the current SEC, and sending a message to the Biden administration that "anti-crypto" is a losing platform this year. pic.twitter.com/zmlD1VRQfF — Jake Chervinsky (@jchervinsky) May 22, 2024 The bill could still be blocked by the Senate before becoming law, something that some in the crypto Q US yGuF may be banking on. Crypto advocates have long been calling for regulatory clarity in the face of wh...

EigenLayer’s token EIGEN will launch in May, with a total supply of 1.67 billion tokens. The Eigen Foundation has announced an airdrop for the community, set for May. The Eigen Foundation, the non-profit supporting the development of restaking protocol EigenLayer, has announced the launch and distribution of the native token EIGEN. Alongside the announcement for the token, the foundation and the Eigen Labs team unveiled the EigenLayer whitepaper. The project, which attracted investment from Binance Labs and a16z early this year, has seen tremendous growth in terms of staked Ether (ETH). EIGEN token launch and airdrop According to today’s announcement, the Eigen Foundation will launch the EIGEN token in May. An airdrop for the community of stakers on EigenLayer will also go live. The new token is set at a total supply of 1.67 billion, with 45% of the EIGEN tokens allocated to the community. Today the @eigenfoundation introduces EIGEN, bas...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. ZKFair is set to release a zero-knowledge (ZK) community -driven layer-2 network, according to a press release shared exclusively with crypto.news.  The layer-2 platform launched its testnet in early December and plans to deploy on the mainnet on Dec. 20.  Moreover, ZKFair will also distribute 100% of its tokens to the community through a fair airdrop. This approach ensures everyone has an equal opportunity to participate in the network’s growth and development. Through this model, the community can redefine the future of ZK, where every voice matters and innovation flourishes.  You might also like: Coinbase CEO considers anti-crypto bills as ‘bad political strategy’ The decision to launch ZKFair is to address existing issues. Though ZK technology can be an option for solving scalability issues ...

Ben Armstrong, also known as ‘BitBoy Crypto’, has recently become entangled in a lawsuit against his former partners from HIT Network, regarding assets seizure that were registered under their company’s name, but Armstrong claims belong to him. The former BitBoy Crypto employee is now asking for donations from the crypto community using emotional videos sharing his story, and on September 21, he shared a multi-millionaire XRP address, in response to supposed requests for a donation address by the XRP community. “Several people have asked about an $XRP donation address for my legal fund (…) XRP Address: ‘rJmXYcKCGJSayp4sAdp6Eo4CdSFtDVv7WG’ (…) Thanks for the support”. — Ben Armstrong (@BenArmstrongsX) Source: Ben Armstrong (@BenArmstrongsX) Thousands of dollars in XRP were already sent in the last 24 hours to the given Ben Armstrong address, with lots of these payments being from known centralized exchange accounts. Payments history from “rJmXY…Vv7WG”. Source: XRPScan...

Users who shared links to a waitlist for the Arkham service had their email addresses exposed on Twitter due to how the references were encoded. Arkham, a “blockchain intelligence company,” announced what it’s calling the “world’s first on -chain intelligence exchange” on July 10 alongside the launch of a new coin, ARKM, through Binance’s Launchpad service. Crypto Twitter has had a predictably split response to the announcement, with negative sentiment surrounding Arkham’s purported mission to “deanonymize the blockchain” causing some ire. Chief among the complaints, many of which describe the company’s Intel Exchange as a “ snitch- to -earn ” or “snitching-as-a-service” program, involves Arkham's perceived role as a centralized intelligence agency. Fuck this. It's not even the snitch- to -earn component that I'm entirely against (it is useful as a decentralized whistleblowing dapp for public good). The submissions end up on Arkham + Arkham Fnd is the central arbiter. S...

Kumite NFT founder Gareb Shamus chats with NFT Steez about how NFT projects can engage with their respective communities through storytelling. NFT Steez , a new weekly Cointelegraph podcast exploring nonfungible tokens and Web3 project s, spoke to Comic-Con legend Gareb Shamus about how he has used storytelling to build engagement and a “maker world” that grows and strengthens communities. What started off as a newsletter about comics — Shamus’ passion project — ultimately became known to the world as Wizard magazine. According to Shamus, Wizard was an outlet where he could “create a voice” and share with his friends the things he had discovered that excited him. Shamus touched on the importance of building elements of engagement and not limiting creativity within communities to further “unite them around what they love.” More importantly, he explained how building engagement allowed him to reach billions of people around the world in a way that made it “fun to be a fan of culture.” ...

A community member argued that the best crypto use case is still how crypto provides a decentralized, peer-to-peer payment system that eliminates middlemen like banks. While fears surround the crypto market because of how big projects and firms file bankruptcy one after the other, community members continue to remind the world of the best use cases for cryptocurrency.  On Twitter, the Cointelegraph social team asked the Community to share their perspectives on what the best crypto use case is. From payments and self-custody to transparency and investment, Community members gave a wide range of responses. What is the best use case of crypto ? — Cointelegraph (@Cointelegraph) November 29, 2022 One community member highlighted the use of stablecoins like Tether (USDT) as payment methods while pointing out that other cryptos can be used as investment tools. On the other hand, another response brought up the transparency that crypto brings. Apart from these, one answer also raised...