When the history books are written, and the documentaries are made on the formative days of NFTs, Jimmy McNelis, aka j1mmy.eth, will hold a special place in history as a creator, as a passionate advocate, and for having one of the greatest NFT collections of all time. An NFT OG who started his journey on Dec. 5, 2017, when he purchased his first CryptoKitty, the 45-year-old American is also the founder of Avastars, an early PFP project from February 2020 that set the scene for intellectual property (IP) rights being given to holders. That was popularized by Bored Ape Yacht…
Author: Crypto Flexs
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This is an important question people have been asking since Bitcoin was created in 2009. Is it too late to invest in Bitcoin?Is it too late to buy Bitcoin?Before answering this question, let’s take a look at what Michael Saylor, CEO and co-founder of Microstrategy, has to say.Is it too late to buy Bitcoin?So what do you think about Michael Saylor’s opinion on whether it’s too late to buy Bitcoin?Some factors to consider:To determine whether it is too late to invest in Bitcoin, it is important to consider several factors before investing in Bitcoin.risk taking: Bitcoin is famous for its…
November 6th Bitfinex Alpha | Cryptocurrencies outperform traditional assets because the supply side is still scarce. Post time: 11:40h On Bitfinex Alpha Posted by Tammy So far this year, Bitcoin and Ethereum have shown remarkable resilience and growth, far outperforming traditional investments. Compared to gold, BTC and ETH have appreciated by 93% and 39% respectively. The performance correlation between BTC and Ether has also been noticeably tight throughout the year. However, during the uptrend, BTC has performed well due to its first-mover advantage as a crypto asset, its perceived ‘digital gold’ status, and widespread institutional adoption. Interestingly, while commodity prices…
Posted 1 minute ago In ~ Crypto custody company Copper on Thursday launched a new payments network for institutional clients involved in trading and holding digital assets.The platform, called Copper Network, is custodian-agnostic, scalable and private, and is what the cryptocurrency custody company said is an “industry first.”The digital asset company added that the new network will give a growing number of institutional clients the ability to settle OTC transactions with any counterparty, regardless of where they store their assets.Gateway to Institutional FinanceCopper founder and CEO Dmitry Tokarev said the new platform will allow the company to continue its ambition…
A notable fact about Arbitrum is that it is the largest Layer 2 based on the key metric of “Total Value Locked” or TVL, which represents deposits locked in a particular network’s decentralized finance protocol. According to the L2Beat website, this figure for the Arbitrum One network currently stands at $8.4 billion, almost double the $4.6 billion for the second-place OP mainnet.
An attack on Ledger’s connector library could impact the entire Ethereum Virtual Machine (EVM) ecosystem. according to To the team at Linea, Consensys’ zero-knowledge rollup.Hackers targeted the Ledger connector library, which is designed to enable communication between Ledger hardware wallets and various decentralized applications (DApps). Wallet provider MetaMask was also affected by the security incident. Dear web3 users,This vulnerability appears to affect multiple dapps across the entire EVM ecosystem. It is extremely risky to interact with the dapp until the issue is properly resolved.Stay safe out there! https://t.co/kFykLW4lWm— Linea (@LineaBuild) December 14, 2023 According to a post by X (on…
Cronos Labs has partnered with Matter Labs to launch the Cronos Zero Knowledge Ethereum Virtual Machine (zkEVM) testnet. Competition in the Ethereum layer-2 sector is increasing with a proliferation of new players. 2023 will see the emergence of many new layer 2 protocols, such as Coinbase’s Base, Blast, and COTI V2. Cronos prepares for its next phase of growth with the launch of zkEVM testnet. Ken Timsit, Managing Director of Cronos Labs, said in a press release: “The Cronos zkEVM testnet represents an opportunity for Cronos Labs and its partners, including VVS, Fulcrom and Veno, to experiment with ZK Layer…
The Financial Accounting Standards Board (FASB) has taken important steps to address the complexities of accounting for cryptocurrency assets. On December 13, 2023, the FASB issued Accounting Standards Update (ASU) No. 1, which aims to improve the accounting and disclosure of certain crypto assets. Announced for 2023-08. This update is a response to the evolving nature of digital assets and the need for more relevant financial reporting in this space. Introducing a new standard The new standard is a compilation of feedback from various stakeholders who highlighted the importance of strengthening accounting and disclosure practices for cryptocurrency assets. FASB Chairman…
Former Goldman Sachs executive Raoul Pal said he is betting on XRP. Real Vision’s CEO said in a new interview with attorney John Deaton that he purchased the asset after the U.S. Securities and Exchange Commission (SEC) sued Ripple and claimed that XRP was an unregistered security. “When you see something like that, you think, ‘Oh, now the price has been drastically discounted.’ We know it’s real. Half of the people are excluded from the market. This is the opportunity of a lifetime.’ So I bought it then. And I’ve kept at it ever since.” Pal said he purchased XRP…
I may not be the only one interested in investing and supporting this project. If so, it is doubtful whether there will be an ARK-related token to make this happen. thank you!