NFT News Daily Offcial TheBitTimes.com

Coinbase CEO Brian Armstrong says that the crypto exchange will need to rethink how it lists new coins for trading given the never-ending stream of new tokens being created. Posting on the social media platform X, Armstrong says there are too many coins do conduct proper evaluation and that applying regulatory clarity to them on an individual basis is now “totally infeasible.” “We need to rethink our listing process at Coinbase given there are ~1 million tokens a week being created now and growing. High-quality problem to have, but evaluating each one by one is no longer feasible. And regulators need to understand that applying for approval for each one is totally infeasible at this point as well (they can’t do 1 million a week). It needs to move from an allow list to a block list and utilize customer reviews/automated scans of on-chain data etc. to help customers sift through. That and we’ll continue integrating native DEX (decentra...

Richard Heart’s three coins Hex (HEX), PulseChain (PLS), and PulseX (PLSX) have lost money for the vast majority of investors. Indeed, the projects are currently worth at least 87% less than their all-time highs. The market capitalizations for these tokens are also worth far less than the dollar value of the ether used to buy HEX during its launch phase as well as the $1 billion value of all sacrifice-themed crypto investments that unlocked PLS and PLSX. PulseX peaked at $0.000139 in May. It’s now trading at less than $0.000012 — a decline of -92% . PulseChain shows a similar story with an all-time high of $0.0000278 and a current value of $0.00004352 — a decline of -87% . Hex hit an all-time high of $0.55 and has crashed -99% to $0.004. Near-worthless PLS delisted from its only major exchange OKX has already announced plans to delist its PLS/USDT spot trading pair. The exchange suspended deposits and plans to freeze trading and withdrawals on August 3...

A one-of-a-kind NFT of the Birkenstocks sandals worn by Apple co-founder Steve Jobs at various times during his life has sold for over $200,000. Nike’s Dot Swoosh platform lands Footwear and apparel giant Nike has unveiled its latest foray into the nonfungible token (NFT) and metaverse space with the launch of an NFT marketplace named .Swoosh. While .Swoosh is still in the beta phase, Nike announced that its “first digital collection” is set to launch on the Web3 platform in 2023, with the rest of 2022 devoted to growing the platform and user base. About .SWOOSH ‍️ .SWOOSH is a platform for @Nike's virtual creations, for them to be more accessible and to onboard the next millions into the wonderful world of web3 and digital assets. pic.twitter.com/F0M7Q8Ddwk — ycxc RTFKT (@ycxcRTFKT) November 14, 2022 Among the “virtual creations” to become available next year are digital sneakers, apparel, accessories and other collectibles. In addition, some will unlock benefits such as ac...

In a stride towards diversification, NFT marketplace Magic Eden has recently divulged its initiative to assimilate BRC-20 token functionality within its open-source secondary marketplace and creator launchpad. The NFT trading platform, Magic Eden, has disclosed its intention to embed BRC-20 token operations into its public-source auxiliary marketplace and originator launchpad, as reported by nft now. This unveiling arrives just eight weeks after the debut of the launchpad for Bitcoin Ordinals, a trailblazing protocol that enables NFT exchange on the bitcoin blockchain. And here… we… GO! 🪄🟧🟧🟧 BRC-20 will be coming to Magic Eden's platform today. Notifications ON for go live details. pic.twitter.com/qZMOxotYfI — Magic Eden on Bitcoin 🟧 (@MEonBTC) June 27, 2023 The impending enhancement, targeted to be operational at 8:00 pm ET on June 27, empowers users to accumulate BRC-20 projects directly. In addition, it gifts creators with the proficiency to initiat...

On May 15, 2023, the Bitcoin Cash network achieved another annual milestone by seamlessly integrating four cutting-edge Features into its consensus ruleset. At precisely 1:24 p.m. UTC on Monday, the eagerly anticipated upgrade went live, marking a significant leap forward for the peer-to-peer electronic cash platform. Bitcoin Cash fans believe the trans format ive changes are set to revolutionize the blockchain’s ecosystem. Bitcoin Cash Network Takes a Leap Forward With 4 New Ruleset Changes At Bitcoin Cash block height 792,772, the network successfully upgraded the blockchain. The upgrade is more developer focused and average BCH users do not need to do anything. Only miners and full node operators need to upgrade their BCH software to be compatible with the ruleset changes. Over time, specific bitcoin cash (BCH) compatible wallets can upgrade as well and incorporate some of the new improvements like Cashtokens. Today’s upgrade features four new elements which includ...

Memecoins are back in the headlines as $PEPE booms, taking the market capitalization of speculative tokens over $20 billion. Memecoins have been part and parcel of the cryptocurrency space since the inception of  Dogecoin back in 2013, with fortunes made and ruined in equal measure. But a new token on the block caused a stir in recent weeks, as Pepecoin (PEPE) grabs a chunk of the memecoin market share from plucky investors. As previously reported by Cointelegraph, Pepecoin saw a 2.000% boom in value following its launch in late April 2023. The reason for the token’s rally is primarily attributed to zealous memecoin hype, with the project widely shared on Twitter over the past month. Today. $PEPE #MMGA pic.twitter.com/Adf0Vem8B3 — Pepe (@pepecoineth) April 14, 2023 The Pepecoin website itself is brandished with a closing disclaimer, labeling $PEPE as "a meme coin with no intrinsic value or expectation of financial return." The project also stipulates that it has no formal...

Will Robinson, vice president of engineering at Coinbase, explains the crypto exchange’s plan to increase its on-chain presence with new tools and the Base network. In episode 15 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw talks with Will Robinson, vice president of engineering at crypto exchange Coinbase. They discuss the exchange’s vision for the future of the cryptocurrency industry, which is tied to its new Ethereum layer-2 network, Base. Robinson provides updates on the exchange’s latest tools, including an ERC-20 recovery function, wallet as a service and more. The episode starts with Robinson explaining what his role entails. Robinson explains that he manages the developer product group responsible for internal crypto infrastructure, developer-facing products and protocol-facing efforts. Despite the regulatory activity and “drama in the market,” Robinson believes building in the crypto space has never been this exciting “I think the world is moving on-chain b...

DeFi is still in its infancy, yet companies are competing to offer the most convenient and high revenue-generator tools. The latest developments in the space are explored. The world of decentralized finance (DeFi) opened a vast array of new opportunities with its explosion in 2020, but it also brought new challenges and profound risks to crypto users. Due to its decentralized nature and short history, the industry is difficult to regulate and can hardly provide a secure environment for its players. Nowadays, anyone with access to the internet can lend, trade or borrow funds without the need for third-party intermediaries and participate in the DeFi space with next-gen financial tools forged on the blockchain and the help of smart contracts. DeFi protocols include financial instruments developed to help investors maximize revenue and passive income, with the following being the most popular: Staking means locking up tokens for passive income through rewards or recognition. Yield farmin...

While teaching cryptocurrency to your children, make it relatable, use examples, start simple, emphasize security, and encourage curiosity. Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children: Start with the basics and use analogies Start by defining and describing the nature of money. Inform your kids about the various types of money and the function of banks. It is also important to teach them the origin of money and how it got involved, from paper money to digital money. Related: What is cryptocurrency? A beginner’s guide to digital currency Furthermore, analogies can be a powerful tool to help children understand complex concepts. For example, one could explain cryptocurrency as “digital money” or “internet money” and compare it to physical money. Play games and use real-life examples Children can learn about cryptocurrencies in amusing w...