Let’s find out whether NFTs are good or bad for the artists and the global art world In recent years, NFTs, or non-fungible tokens, have overtaken the art world. These digital assets, which are stored on a blockchain and represent ownership of a unique digital item, have opened up new possibilities for artists and collectors alike. Opinion among internet users is divided on whether NFTs are good or bad for artists and the global art world. Some folks buy the hype, claiming it gives them a new opportunity to create (or acquire) value in the digital economy. Others are simply…
Author: Arti
Arti
Arti has a strong understanding of and passion for cryptocurrency and blockchain. With more than 4 years' experience in writing news stories, she has been following developments in the crypto space, researching and understanding the true potential of decentralization, and publishing her analyses in media.
Even though both crypto and stocks might look similar from the buying and selling point of view It is familiar for people to invest their money in a profitable source to build wealth. Although all kinds of investment portals come with a certain degree of risk, some are less volatile and can shield themselves against massive economic blows. Therefore, in the 21st century, Crypto and the stock market have emerged as the top investment choice. This has induced a great debate on Crypto vs. stocks. Stocks represent a percentage of a business. They stand as a company’s value and change…
Although the RBI has opposed crypto, its own CBDC is ready to target one million users Regulations have become a critical factor influencing the market and its participants in crypto. Regulations in various countries serve as a crucial factor in determining the credibility and legitimacy of cryptocurrencies. The presence of robust regulatory frameworks ensures investor protection, prevents illicit activities, and fosters trust within the crypto ecosystem. Banks and fintech institutions have been at the forefront of advocating for regulatory clarity, as it allows them to participate more actively in the crypto space. These regulations not only establish a secure environment…
In May 2023, the crypto market performed poorly in comparison to previous months and years Cryptocurrencies are influenced by a range of factors such as regulatory changes, economic conditions, market sentiment, geopolitical events, technological advancements, and investor behavior. These factors ultimately impact the supply and demand dynamics of cryptocurrencies and can contribute to price fluctuations. This article specifically delves into the potential reasons for the crypto market down in June 2023. Following the FTX meltdown in 2022, credibility in such currencies was decimated, and the market shifted completely downward, with no indications of abating. Nevertheless, 2023 provided a new opportunity…
Binance.US to eliminate select BTC and BUSD Advanced crypto Trading pairs Binance.US, the American branch of the world’s largest cryptocurrency exchange Binance, recently announced that it is eliminating more than forty crypto trading pairs currently available on its platform. The total number of trading pairs will be reduced to 226. According to the press release, “After careful consideration, Binance.US will remove select BTC and BUSD Advanced Trading pairs on June 8, 2023, at 9 a.m. PDT / 12 p.m. EDT.” The platform further mentioned that it has also decided to streamline its Buy, Sell & Convert offering and has paused…
Crypto traders are advised to closely monitor the situation with the Chinese Yuan Chinese yuan (CNY) has depreciated by 2.7% against the U.S. dollar (USD) this month, its worst performance since September. Crypto traders are advised to closely monitor the situation. Because going back to February, the decline goes to 5% versus the greenback, and investment banking giant Goldman Sachs suggests it could drop further. China, with its significant market size and economic influence, has the potential to shape the direction of the crypto market. Cryptocurrency transactions will be prohibited in mainland of China in September 2021, whereas Hong Kong…
Cardano, the blockchain platform, launched the new Aiken’s alpha phase to simplify development Cardano, a state-of-the-art blockchain platform founded by Charles Hoskinson, is revolutionizing the decentralized application landscape. With its unique proof-of-stake consensus algorithm, Ouroboros, Cardano offers a secure and scalable infrastructure. Cardano announced that it launched Aiken’s alpha phase on April 13. The new update Aiken is the open-source smart contract language and toolchain, specially introduced to simplify and enhance the development of smart contracts on the Cardano platform. The launch comes at a time when the blockchain industry is facing problems like difficulty in setting up hard-to-debug smart…
On June 4th, developers unveiled the launch of the Bitcoin Ordinals protocol upgrade to version 0.6.0 Bitcoin Ordinals has launched an upgrade to resolve an issue with over 71,000 “cursed” inscriptions, paving the way for them to be traded. On June 4th, developers unveiled the launch of the Ordinals protocol upgrade to version 0.6.0. This update signifies the first step towards identifying and enabling these previously unacknowledged inscriptions. Ordinals influencer LeonidasNFT shared insights on the implications of this update. He stated, “This is important because over 70k existing but invalid inscriptions are now supported which means that once marketplaces upgrade…
Gemini will soon start the process of buying a crypto license to operate in the UAE Gemini, a cryptocurrency exchange based in the United States has begun exploring other possibilities amidst the uncertainty of crypto regulation. Founded by cryptocurrency pioneers and identical twins Cameron and Tyler Winklevoss, will “soon” start the process of buying a crypto license to operate in the United Arab Emirates. The team has met stakeholders throughout the region to learn more about local regulatory requirements, as the crypto exchange aims for the “adoption of crypto globally across 20 countries.” Its push in the UAE comes as…
Market capitalization in crypto is an indicator that measures the market value of a cryptocurrency Market Capitalization in Crypto: Coin Market Cap is one of the most respected platforms in the crypto industry, keeping up-to-date numbers and graphs on the market capitalization of thousands of crypto projects. The ranking system, which defines the tokens with the highest market capital, is an especially useful tool, highlighting the best of the industry and the trends the market is experiencing. And if a token enters the top 20, it is a guaranteed stamp of excellence. What is Market Capitalization in Crypto? Market capitalization…