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New Developments Happening in the Blockchain Space: 22-03-2024

Posted by Simon Keighley on March 22, 2024 - 8:24am

New Developments Happening in the Blockchain Space: 22-03-2024

New Developments Happening in the Blockchain Space 22-03-2024

Image Source: Pixabay


Telegram Game ‘Notcoin’ Will Purge Inactive Accounts Daily Ahead of Token Airdrop

Waiting for the on-chain NOT token to launch? Make sure you keep playing, otherwise your mined Notcoins could vanish.

Notcoin, a game on messaging app Telegram that will reward players with crypto tokens, has quickly grown into a viral sensation with over 26 million players to date. But the amount of “mined” Notcoins that turn into real, airdropped NOT tokens could fall substantially if users aren’t still playing.

On Friday, the project announced on Twitter and via the official Telegram community that it will begin purging mined coins from accounts that have been inactive for 30 days, suggesting that the policy is about to get underway following the short 29-day month of February.

“We start burning Notcoins of inactive accounts (the last 30 days). Daily,” the announcement reads. “So for those who didn't open Notcoin in February... tick-tap tick-tap.” Read More


 

4 tips that’ll keep your crypto safe from hackers this bull market

From choosing a secure exchange to setting up DeFi protocols security, security sages have shared their top tips so you can keep crypto from falling into the wrong hands.

Crypto users and projects must keep their heads on a swivel going into the next bull market, watching out for untrustworthy exchanges, unsecured decentralized finance (DeFi) protocols and ever-evolving phishing scams. 

In January, hackers launched 30 attacks and made off with over $182.5 million in stolen funds, marking a year-on-year increase of 771% from January 2023 and a nearly 84% bump from December, according to data from PeckShield.

February also shaped up to be a record month for exploiters with over $380 million stolen — over double that of January. At least $290 million alone was pilfered from PlayDapp, along with $26 million from FixedFloat and $9.7 million from Axie Infinity co-founder Jeff Zirlin. Read More


 

Here’s Why Uniswap Fee Switch Could Be Pivotal Moment for Crypto, According to Analyst Jamie Coutts

Crypto analyst Jamie Coutts says Uniswap’s (UNI) recent proposal to alter its fee structure could be a pivotal moment for digital assets.

Uniswap recently put forth a proposal that would reward traders who have staked and delegated UNI with portions of the protocol’s revenue.

With Uniswap’s revenue on par with some stock markets in traditional finance, Coutts says the DEX can be an example of how profitable the digital asset industry can be and could boost UNI into an outperformance of Bitcoin (BTC).

“Uniswap ‘fee switch’ could be a pivotal moment for crypto assets in this cycle, as it demonstrates just how cashflow generative some of these open finance protocols have become. Not to mention a big FU to the SEC (U.S. Securities and Exchange Commission). UNI token has rallied 50% since the news. Read More


 

Binance Announces PIXEL Airdrop for RONIN Locked Products Holders

Binance Earn confirms support for the upcoming PIXEL airdrop, targeting users with RONIN locked products, setting a new milestone in user rewards.

In a significant development for cryptocurrency enthusiasts and investors, Binance Earn has officially announced its support for the Pixels (PIXEL) airdrop, exclusively targeting eligible users of RONIN locked products. This move signals Binance's continued effort to reward its user base and foster the growth of the digital asset ecosystem. Read More


 

MARKETHIVE THE FUTURE OF ALL MEDIA

Innovations that will change the way we work and interact online. 

The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.

Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem. 

The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof. 

Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem 

There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like Youtube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0. 

We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following. 

Markethive is enhancing and bringing the platform into the future internet with our new technology and interfaces, but still in keeping with the human touch. Read More


 

What determines the Bitcoin price?

Market forces called supply and demand influence Bitcoin’s price. The price typically decreases when there are more sellers or vice versa.

Bitcoin (BTC) is a cryptocurrency that is not issued by any government or legal body, in contrast to fiat currencies, such as the United States dollar, the British pound, the euro and the Japanese yen. To create, store and move BTC, a dispersed network of users and cryptographic protocols are required.

Investors carry out their commercial transactions directly instead of using an intermediary. The peer-to-peer Bitcoin network removes trade restrictions and streamlines commerce. Satoshi Nakamoto proposed the world’s first cryptocurrency in 2008, which was launched in January 2009.

The number of businesses accepting Bitcoin contributes to its usability and perceived value. However, its price has been subject to significant volatility and is influenced by factors such as media coverage, investor sentiment and regulatory news, which have led to rapid price fluctuations. Even at the height of its popularity, finding precise answers to common questions is challenging, such as, what determines Bitcoin’s price? Who sets Bitcoin’s price? And does Bitcoin have intrinsic value? Read More


 

Bitcoin Ordinals Are Reshaping the NFT Marketplace Landscape

With Bitcoin inches away from setting a new all-time high price, rising Ordinals sales have flung one NFT marketplace on top.

Demand for NFTs has been growing in recent weeks amid rising cryptocurrency prices, and Monday’s $16 million sale of a CryptoPunk—the fifth-most expensive NFT sale to date—put an exclamation point on that trend.

But the top overall NFT marketplace over the last few days isn’t the same one that ruled the pile as recently as mid-February, as the tides of the marketplace wars have shifted yet again. And the latest startup to take the throne can credit Bitcoin Ordinals for much of that shake-up.

Magic Eden is now the top marketplace by trading volume, according to blockchain data curated by Tiexo, with approximately $44.7 million worth of trades over the last 24 hours—good for a nearly 38% share of overall NFT trading. The Ethereum-only Blur is next up at $30.4 million, or about 26% share. Over the last seven days, Magic Eden is still on top with a 35% share. Read More


 

Tether launches recovery tool to migrate USDT between blockchains

Tether will allow users to move their USDT between blockchains if any of the operated blockchains become unresponsive.

Major stablecoin issuer Tether has launched a recovery tool to migrate its Tether stablecoin between different blockchains amid USDT hitting a $100-billion market capitalization.

Tether announced the launch of a blockchain recovery plan on March 4 to ensure stable access to USDT in case of disruptions faced by one of multiple blockchain networks used for USDT transactions.

According to data from Tether, USDT resides on 14 blockchains as of March 4, including Tron, Ethereum, Solana, Avalanche and Omni. Tron and Ethereum are the two largest blockchains for USDT, accounting for 51% and 43% of all issued USDT, respectively.

Despite relying significantly on blockchains like Tron and Ethereum, USDT exists “independent of blockchains,” Tether’s latest announcement stated, stressing that the blockchains are used “only as a transport layer.” Read More


 

VanEck’s new NFT platform SegMint highlights TradFi’s keen interest in Web3 tokenization

Bartlett’s mandate as the firm’s NFT and Web3 head is partly thanks to his personal interest in the space. Coupling nearly two decades of experience split between TradFi players Franklin Templeton and VanEck with his love of NFTs, Bartlett was given the go-ahead to build an in-house platform for NFT ownership and digital asset fractionalization.

“Jan van Eck said I want you to build something, but he didn’t know I was an NFT degen, so I had to start there. I put on my cap as a user and looked at the problems I encountered, figured out what they were, and that’s how we formed the thesis of what we built,” Bartlett explains.

VanEck’s Web3 lead became an NFT buyer in 2017 and dabbled in the space, minting and auctioning in Decentraland. Bartlett also helped VanEck take its first steps in the space with a free NFT giveaway that served as a real-world ticket to bell ringing ceremonies at the New York Stock Exchange and the Nasdaq.

Over the past seven years, the firm has been building what Bartlett describes as a robust digital asset team, mainly consisting of cryptocurrency investment analysts and digital asset product managers. Read More


 

Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.

 

 

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