Latest Crypto News

According to news on March 19, former Coinbase CTO Balaji Srinivasan said on Twitter that he will bet $2 million, betting that Bitcoin will hit a price of $1 million within 90 days.

Financial expert James Medlock is betting $1 million that the country will not fall into hyperinflation. Balaji believes that the current banking situation is similar to the 2008 financial crisis.

Central banks, banks, and regulators have all underperformed in this banking crisis, which goes beyond fractional reserves and banks don’t have enough money to handle withdrawals.

According to news on March 19, the FBI revealed that in 2022, American citizens will lose more than 10 billion US dollars due to online fraud, of which 2.57 billion US dollars will be lost to crypto investment fraud.

That compares to $907 million in losses from such fraud in 2021.

“The number of victims of crypto investment scams is at an all-time high, and so are the dollar losses suffered by these investors. Many victims are in huge debt to cover losses from these fraudulent investments.”

The NFT project Meebits community and a member of BAYC, Bailey Tattoo, announced on social media the launch of the “MeeKit” construction tool MeeKit Beta V2, which can support users to create Meebits NFT renderings independently, and is used to help build scenes using Meebit. It is reported that there is a toolkit named An add-on to the “Booster Pack” to support custom user scenarios. According to NFTGo data, the current floor price of Meebits is 3 ETH, the current market value is about 250 million US dollars, and the total transaction volume has reached 523.25 million US dollars.

According to sources, Dubai Multi Commodity Center (DMCC) recently announced the signing of two memorandums of understanding with a South Korean Metaverse platform, planning to form a partnership to facilitate the expansion of the UAE’s global Web3 business.

Founded in 2002, DMCC is the largest free trade zone in the UAE; in 2021, the government launched the DMCC Encryption Center, a comprehensive ecosystem for enterprises in the encryption and blockchain fields.

The data shows that, of all MENA countries, the UAE is the most crypto-focused country.

Yat Siu, co-founder of Animoca Brands, said, “Royalties have helped drive the growth of the NFT economy, and all these innovations are happening because royalties can be collected.”

Despite the bear market engulfing most of 2022, the NFT industry has amassed sales worth over $24 billion.

That means billions of dollars going to creators, but more importantly, even more money going to owners of those assets that power an industry that makes creating companies like Blur, OpenSea, or Magic Eden a reality. possible.

“Without royalties, there’s not enough money in the ecosystem to support project innovation, and if you remove that, then from our perspective, you actually end up setting the industry back,” Siu said.

News on March 18, according to Glassnode data, the number of Ethereum validators voluntarily quit reached 183 on March 16, setting the second highest record since the merger.

Voluntary exit means that validators choose to stop participating in the consensus and leave the validator pool queue. They will no longer propose or prove blocks, and they will not be able to withdraw the previously pledged ETH after the Shanghai upgrade.

According to Binance’s latest announcement, Binance has completed the swap of new STG tokens and original STG tokens on AVAX C Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom and Polygon blockchains, The original STG token will revert to STG as the trading symbol on the Binance platform, and deposits and withdrawals of STG are now open.

The withdrawn STG tokens will use STGOLD as the transaction code. STGOLD deposits are now open, and STGOLD token withdrawals will no longer be supported.

Binance reminds that users who withdraw STGOLD after the initial swap is completed re-deposit STGOLD on the Deposit Crypto page, because STGOLD has no value, and then can continue to exchange STGOLD tokens for STG through the convert function.

On March 18th, the main network of Web3 data storage solution KYVE is now online, and another innovative solution based on the Cosmos SDK is proposed to enhance the developer experience, with the goal of making data a trustless public product.

The KYVE blockchain is divided into two layers: the chain layer and the protocol layer. The chain layer is the backbone of KYVE, which protects the network through DPoS, governs and maintains the overall structure. The protocol layer acts as a decentralized data pool, and protocol nodes can participate in acquiring, storing and verifying data.

On March 21, KYVE’s inflation-supporting governance proposal will be passed to ensure that the KYVE mainnet is more fully functional and secure. The next step is to launch KYVE tokens.

At the same time, the KYVE data pipeline has also been launched, and it will take 6-8 weeks for the first data pool to be launched on the test network and the main network. In the meantime, the data pipeline will continue to pull data from the KYVE devnet Korellia’s data pool.

According to official news, the Opendao team announced that it will soon release a new project AI Dao Nerwork, the token AOS$, with a total of 10 billion pieces. 10000:1 to receive AOS airdrop after block snapshot.

AI DAO Network is a decentralized financial protocol based on Openai (Chatgpt), dedicated to opening up a bridge between artificial intelligence AI and the encryption world.