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Non-Fungible Tokens, better known by the acronym NFTs, have become some of the most controversial pieces of technology to come out of the blockchain ecosystem since its origins. What was once seen as the shining beacon of blockchain, bringing in millions of dollars to the industry and spiking public appeal, is now looked on with scorn, with most people seeing them as a complete scam. NFT s have had quite an interesting 18 months, with both public opinion and total value swinging on a pendulum from high to low. At its most valuable, the NFT market exceeded billions of USD, with the most expensive NFT selling for nearly $70 million. Yet, a little over a year later and that market is almost non-existent, with much fewer transactions per month and less public interest than ever before. But what went wrong with NFTs, and what caused their whole market to evaporate overnight? Many believe that the culprit lies in the lack of functionality that NFTs provide. While being digital art, t...

During the 2023 Consensus Conference, IOVLabs VP Product Tim Paymans announced a series of major developments for the Rootstock Ecosystem and Rootstock Infrastructure Framework (RIF). Notably, through workshops and grants, IOVLabs aims to support Rootstock’s growth. Tim Paymans presented these new developments during his talk at the 2023 Consensus Conference. These developments centered around the Rootstock ecosystem, the open-source RIF, and a grant program. IOVLabs will host five free product development workshops for companies looking to use blockchain technology and the RIF protocols to develop and market fintech products. According to Paymans, IOVLabs will offer the Rootstock developers, product experts, funding, and marketing support to the partners chosen for the program. Paymans also announced that the Roostock Infrastructure Framework (RIF) will have a new visual identity. This new design, according to Paymans, will more accurately convey the RIF’s g...

Vitalik Buterin lists problems with Ethereum network In his recent blog post, Vitalik Buterin recalled his experiences when he tried to pay for a cup of tea with bitcoin in 2013 and when he tried the same in later years. The Ethereum co-founder tried to pay for a cup of tea in Argentina in 2013. The first transaction did not go through due to being below exchange limits. The second one went through, but he ended up paying three times more than the price of the beverage. Airing his frustration about the inconveniences, Buterin listed some suggestions on how the network can be improved to make it compatible for daily transactions. advertisement Vitalik Buterin also addressed issues with confirmation times and delays between transactions being accepted and acknowledged by the recipient. The current network system takes too much for the micropayment transactions.However, this has improved b y EIP-1559 and the Ethereum Merge. Ethereum founder suggests these impr...

In a recent video by the World Economic Forum, the organization shared how some crypto miners such as Crusoe Energy can help oil and gas companies mitigate waste and emissions that impact the environment. advertisement In the video, Crusoe Energy CEO Chase Lochmiller explains how the company uses excess natural gas from energy operations to power data centers and crypto mining operations. Crusoe uses the Digital Flare Mitigation technology to eliminate natural gas flaring from oil fields and landfills. “By doing that, not only do we create a massive emission reduction from this previously wasted source of energy, but we can also product ultra-low-cost computing infrastructure by harnessing this otherwise stranded form of energy.” Crusoe can relocate their data centers to the location of waste sources of energy and use waste methane streams to power the centers. It helps reduce the environmental impact of methane emissions and makes computing more ener...

The whale tracking platform Whale Alert took to Twitter this morning to share some new insights into the recent activity of Ripple (XRP) whales. The information shared by Whale Alert reveals that multiple XRP whales are busy moving their holdings both onto or off of exchanges. 22,000,000 #XRP (10,255,327 USD) transferred from unknown wallet to #Bitstamphttps://t.co/dD8khK5e6z — Whale Alert (@whale_alert) April 25, 2023 In one of Whale Alert’s tweets, the platform revealed that a whale transferred 22,000,000 XRP, worth about $10,255,327, from an unknown wallet to Bitstamp. In a second tweet, Whale Alert posted that another whale had transferred 30,400,000 XRP, worth around $14,317,998, from the crypto exchange Bitso to an unknown wallet. XRP price (Source: CoinMarketCap) Following all of this activity, XRP is currently one of the cryptos trading in the green today. CoinMarketCap indicates that the remittance token is currently worth about $0.4712 after a 3.63...

The bear’s effort to halt the bullish trend in Litecoin (LTC) was defeated earlier in the day when support was established at the 24-hour low of $86.39. Bulls successfully increased the price of LTC from this low to $89.59 before hitting resistance. Despite this obstacle, LTC was bullish at the time of publication, as seen by its 1.63% gain to $89.28. Due to the market’s bullish momentum, LTC’s market capitalization and 24-hour trading volume increased by 1.64% and 5.32%, respectively, to $6,496,493,453 and $514,251,473. If the bullish trend continues and LTC breaks over the $89.59 resistance level, the next target for LTC is $92.50, while a negative downturn might lead to a regression toward the $86.39 support level. LTC/USD 24-hour price chart (source: CoinMarketCap) On the LTC/USD chart, the Klinger oscillator value of 437 indicates that the market is experiencing significant bullish momentum and buyers are in charge. If the oscillator value remai...

As the crypto market tries to recover from the crashes of the previous weeks, LadyofCrypto, a well-known crypto influencer on Twitter, released a list of altcoins on her watchlist, including new and upcoming projects. As an avid trader, she pitched at multiple sectors, such as perp DEX, gaming, gambling, Real World Assets (RWA), liquidity-staking derivatives (LSDs), then the layer one and two scaling solutions. Here is a complete list of every #crypto alt I'm watching I'm breaking this down by sector. Many of them aren't released, so I might not have a bag yet. 1/14 pic.twitter.com/lQvW2nl5n3 — Lady of Crypto (@LadyofCrypto1) April 24, 2023 Notably, perp DEX represents a decentralized exchange that allows for perpetual futures contracts trading with no expiration date on the futures contracts traded on the exchange. LadyofCrypto mentioned Veax, Narwhal Finance, Spin, GMX, and Gains Network in this category. Some of the Layer 1 and Layer 2 projects...

Low Cap Assets are always one of the crucial parts of a balanced portfolio. These gems can be bought at a discounted price and offer massive returns during bull runs. Thus, today we’ll analyze three Low Cap cryptocurrencies with a strong bullish setup that hold massive growth potential in the near future.  advertisement MultiversX(EGLD) Source- Tradingview  In the daily time frame chart, the MultiversX coin price shows the formation of an inverted head and shoulder pattern. This pattern consists of a large swing low- the head, and two shorter swing lows- the shoulders and key resistance called the neckline. As of now, the coin price currently trades at $39.9 and trying to sustain above local support of $39.5. If the coin price manages to sustain above the aforementioned support, the buyers may drive a 15% rally to challenge the pattern’s resistance trendline. Thus, a potential breakout from the trendline will signal an early sign of ...