This article was published in Bitcoin Magazine. “The inscription problem”. click here To get an annual Bitcoin Magazine subscription.For its entire life, Bitcoin has been considered a monetary network that allows users to send and receive its native token BTC. Given the massive price rises since they were first introduced in 2009, monetary instruments have become a store of value. This provides a means for someone to save their valuable working time and instead experience increased purchasing power without devaluing their working time. Loss.However, not all users are the same. Despite the popularity of these money stories, some outcasts have…
Author: Crypto Flexs
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According to various local media reports, the Bank of Ghana (BOG) and the Monetary Authority of Singapore (MAS) have completed the proof of concept for the Digital Economy Semi-Fungible Token (DESFT) project. The project is aimed at encouraging trade between small and medium-sized enterprises (MSMEs) of the two countries.Real-time transactions took place between both sides within the project. To achieve this, it leveraged the Universal Trusted Credentials semi-fungible token protocol developed by the United Nations Development Program, according to Singapore-based Ample FinTech, known as the developer of DESFT. Tokens contain verified licenses, certificates, and transaction records.A stablecoin pegged to the…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportIt’s really been a week. return of sunday night roaring kitty A trading frenzy broke out, with meme stocks and digital coins and tokens all soaring.The internet star and financial analyst posted to Twitter (aka X) for the first time in almost three years. By Monday morning, the price of GameStop was through the roof as traders decided to snap up stock of the original meme.Roaring Kitty (real name Keith…
Ethereum co-founder Vitalik Buterin wrote a detailed blog post analyzing the three core issues of Ethereum centralization: miner or maximum extractable value (MEV), liquid staking, and hardware operating costs. responded to criticism of the chain. Solo node. Buterin noted that concerns about Ethereum’s design in these three key areas are “widely shared,” adding, “These are concerns that I have personally had on many occasions.” But Buterin said the problem may not be as difficult to overcome as some claim. In a post published on May 17, Buterin first addresses the MEV problem: the financial benefit that sophisticated node operators can…
Top news this week The cryptocurrency trader grew from $3,000 to $46 million in one month as PEPE prices soared. The savvy trader earned $46 million, a staggering 15,718 times his initial $3,000 investment. The unknown wallet purchased 4.9 trillion PEPE for $3,000 on April 15, now worth over $56 million. According to a May 15 post on Lookonchain, the trader sold 1.41 trillion PEPE for $7.4 million and currently holds 3.5 trillion PEPE worth $38.9 million. PEPE’s market capitalization was approximately $4.5 billion as of May 15, making it the third-largest memecoin after Dogecoin (DOGE) and Shiba Inu (SHIB).…
Skybridge Capital co-founder Anthony Scaramucci remains bullish on Bitcoin. He believes it is still on its way to widespread adoption. He specifically cites the growing interest of institutional investors as an important factor in that possibility. In a recent interview with CNBC, Scaramucci highlighted that regulatory hurdles that previously prevented large investors from directly participating in Bitcoin are being removed as a result of the newly obtained approvals. This means that institutional involvement in Bitcoin trading is only a matter of time. Scaramucci argued that gaining approval from regulators is an important step to help large players such as pension…
Floki Inu (FLOKI), a memecoin inspired by the Shiba Inu, gained attention last week with a surge in trading activity and a nearly 20% price increase. But experts warn that this “personality” may be short-lived, fueled more by hype than by a strong foundation. Related Reading advertising Open Interest Begins: Newcomers flock to FLOKI A key indicator of interest is FLOKI’s surging futures open interest. This figure, which reflects the number of outstanding futures contracts, has increased by a whopping 110% since May 1, reaching a 30-day high of nearly $20 million, according to Coinglass. This means a surge in…
Records show that China sold $53.3 billion in U.S. Treasury and institutional bonds during the first quarter. Some analysts suggest that this decline in foreign exchange reserves may be a strategic move by China to leverage its reserves against the United States. China’s government bond holdings plummet, raising a danger signal to the U.S. market China is quite (…)
A recent tutorial on dune.com explored the digital landscape of Ethereum Non-Fungible Tokens (NFTs) using the Dune API. This article provides insight into the top 10 Ethereum NFTs by trading volume. Understanding the Ethereum NFT environment through Dune API The tutorial leverages the Dune API, a tool that provides users with the ability to analyze and visualize blockchain data. This guide is designed as a comprehensive resource for those interested in studying the market trends and dynamics of Ethereum NFTs. Non-fungible tokens (NFTs) are unique digital assets stored on a blockchain. Ethereum has become an…
Interoperability giant LayerZero has released over 800,000 Sybil addresses in its ongoing self-reported efforts to combat Sybil attacks. According to LayerZero, the self-reporting process was conducted in conjunction with rigorous analysis by risk management platform Chaos Labs and blockchain analytics firm Nansen. The sybil self-reporting phase has now concluded. Each self-reported address will receive 15% of its intended token allocation, with the remaining 85% returned to eligible users.Between sybil’s self-reporting and LayerZero’s analysis; @chaos_labsand @nansen_ai803,093… pic.twitter.com/wH9eFcMWV5— LayerZero Labs (@LayerZero_Labs) May 18, 2024 After review, the platform announced that it had identified 803,093 addresses as potential Sybils (users who create multiple…