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The Bitcoin block chain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the recent trend of Ordinal inscriptions, it’s likely to get there faster. The average block size reached a high of 2.52 megabytes (MB) on Feb. 12, 2023, but block sizes have subsided and dropped to an average of 1.634 MB by Feb. 27. Still, the block chain grew at a rate of 0.288 GB per day, compared to the previous rate of 0.173 GB per day recorded before the Ordinal inscription trend began. The Impact of Ordinal Inscriptions on Bitcoin’s Network Metrics Ordinal inscriptions started on Dec. 16, 2022, but didn’t really gain steam until Feb. 2, 2023. That was the day a 3.96 MB block was mined, and since then, 214,028 inscriptions have been added to the Bitcoin block chain . The trend of Ordinal inscriptions between Feb. 2 and Feb. 27, or roughly 26 days, increased Bitcoin’s average network fee and average block size. Both network fee and block size metric...

Join Our Telegram channel to stay up to date on breaking news coverage After completing the most successful presale of 2023, Meta Masters Guild is landing on the first cryptocurrency exchange – XT.com, on March 1. Meta Masters Guild is the world’s first mobile-focused Web 3 gaming platform that strategically plans to make the game fun to increase the crypto gaming adoption rate. XT.com is a 201-established cryptocurrency exchange that has made a name for itself by listing many successful low-cap cryptos. The exchange has six million users and maintains a healthy 24-hour trading volume of $618 million. CoinMarketCap lists it among the top 100 cryptocurrency exchanges. Those who don’t want to take the centralized route can go to Uniswap, which will list the token at the same time and date – March 1, 10 am UTC. There are more listings in the pipeline, and all of them are coming soon. Token Generation Event Starting Tomorrow – Claim your Tokens From ...

A community member argued that outages are putting decentralized finance protocols running on Solana at risk of insolvency. As the Solana network suffered another setback, crypto community members went on social media to express various concerns, even comparing the blockchain to other projects like Ethereum and Bitcoin.  On Feb. 25, the Solana network faced performance degradation issues, resulting in transaction disruptions, leading validators to opt for a network restart. Seemingly tired of the same old story, members of the community expressed themselves on Twitter, with some even questioning Solana’s (SOL) rank as a top cryptocurrency. Amid the network issues, nonfungible token (NFT) artist Crypto Tea raised a question on how the Solana blockchain made it to the top 10 list while having such performance issues. She tweeted: Solana is down for a co-ordinated restart A tech issue was throttling transactions and the Blockchain started to unexpectedly fork How is this pos in the top...

The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption of Russian Crypto Mining Legislation Postponed Again A bill designed to legalize the mining of cryptocurrencies, which was first filed with the State Duma in November, will be resubmitted to the lower house of Russian parliament after additional consultations, according to Anton Gorelkin, deputy chairman of the parliamentary Committee on Information Policy. The lawmaker explained that the consideration of the regulations is a difficult process. “As a co-sponsor of the bill, I can confirm that it will be postponed. I hope that this year we will be able to implement it in some form,” Gorelkin elaborated, quoted by the crypto news outlet Forklog. Russian parliamentarians and other officials...

Verseshoe — a metaverse game with an accompanying NFT collection — has integrated Chainlink Verifiable Random Function (VRF) on Ethereum. By integrating the industry-leading decentralized oracle network, they now have access to a tamper-proof and auditable source of randomness needed to help ensure the fairness and verifiability of NFT upgrades and reward distributions. Ultimately this creates a more exciting and transparent user experience, as users engage in missions to win trophies and rewards with higher assurances of fair outcomes. They selected Chainlink VRF because it’s based on cutting-edge academic research, supported by a time-tested oracle network, and secured through the generation and on-chain verification of cryptographic proofs that prove the integrity of each random number supplied to smart contracts. Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random numb...

Join Our Telegram channel to stay up to date on breaking news coverage The founders of a DeFi crypto investment platform, Forsage, have been indicted by the federal grand jury in the District of Oregon for running a $340 million Ponzi scheme. According to an announcement by the United States Department, the indicted include Vladimir Okhotnikov, Mikhail Sergeev, Sergey Maslakov, and Olena Oblamska, citizens of the Russian Federation. Forsage Founders Indicted in $340M DeFi Crypto Scheme First Charged Criminal Fraud Case Involving a DeFi Ponzi Schemehttps://t.co/s9xu3evTiQ — Criminal Division (@DOJCrimDiv) February 22, 2023 The DOJ noted that the four allegedly touted Forsage as a decentralized matrix project based on network marketing and smart contracts. The project conducted self-executing contracts on the blockchain. Notably, the defendants promoted Forsage to the public through social media platforms as a legitimate business. However, that was not true. The Russian...

Author: @0xMavWisdom The track “Bitch Better Have My Money” by 9-time Grammy Award winner and music diva Rihanna was recently minted and released as a music NFT through Web3 music startup AnotherBlock. The music NFT, which was limited to 300 units and priced at $210, sold out within minutes of going on sale. Rihanna also performed the track during the halftime show on Super Bowl Day. As of February 17, the Bitch Better Have My Money — Rihanna NFT landed at 0.39 ETH (about $650 USD), up over 210% from the initial price in a week, with nearly 160 ETH in volume. Rihanna’s music release NFT is a great attempt to combine NFT with music . In the traditional music industry, who gets paid from streaming depends on who owns the music rights. For most music , the music rights are not in the hands of the creators, and a significant portion of the rights are owned by record labels and specialized investment funds. The big record companies have richer industry resources and contacts, and ...

According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority of Singapore on Wednesday, Carstens stressed that stablecoins are not reliable because they lack the “institutional arrangements and social conventions behind them.” Agustin Carstens Insists Cryptocurrencies Lost the ‘Battle’ to Fiat Currencies Agustin Carstens, the general manager of the Bank for International Settlements (BIS), believes that cryptocurrencies have lost the battle against national currencies such as the euro, pound, and yen. Carstens gave a speech at the Monetary Authority of Singapore and was also interviewed by Bloomberg News. The BIS general manager told Bloomberg that the battle between fiat and crypto assets “has been won.” Carstens insisted that technology alone does not make for ...

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that U.S. crypto regulation is “getting very, very aggressive.” Noting that regulators are now “regulating by enforcement, penalties, and massive fines,” O’Leary emphasized the importance of staying out of the way of the SEC, Chair Gary Gensler, and other regulators. Kevin O’Leary Shares Outlook for Crypto Regulation Shark Tank star Kevin O’Leary has shared his outlook for the crypto industry following several enforcement actions by the U.S. Securities and Exchange Commission (SEC). Mr. Wonderful tweeted Monday: Venture funding for new crypto projects is virtually dead and aftermarket trading for existing projects is at massive discounts. Reason? The regulator is now regulating by enforcement, penalties, and massive fines. “The venture community has moved on to the next ‘big’ thing, AI,” he added. O’Leary explained in an interview with Trader TV...

Edogawa Ward in Tokyo plans to use metaverse tech to help social recluses, also known as “hikikomori,” begin to integrate with society again. The ward will organize a series of hybrid (virtual and in-person) meetings this year with the objective of reuniting people with social reclusion problems and helping them in their reintegration process. Edogawa Ward to Leverage the Metaverse in Hikikomori Reintegration Processes Edogawa Ward, located in Tokyo, announced that it will offer a series of metaverse meetings as part of the reintegration process for social recluses in the area. The meetings will be held in hybrid form, with social recluses having the opportunity of attending in person or online, allowing a safe haven for meeting and talking about their common problems. There will be six of these events in 2023, organized by the Kazoku Hikikomori Japan nonprofit, with a capacity for up to 80 participants, 50 in the metaverse platform, and 30 in the designated venue. The me...

Shiba Inu has emerged as one of the most popular meme coin s. It has played its fair share in rewriting the fate and view of meme coin s. Even though Dogecoin is termed the “king of meme coin s,” Shiba Inu has been putting on a great show with its price performance and developments. Even though SHIB didn’t enjoy popularity during its inception in August 2020, the price shot up when the meme coin s started getting popular. The early investors of Shiba Inu enjoyed a whopping 842447.47% return on their investments when it hit its all-time high of $0.00008845 on October 28, 2021. Also read: VeChain Announces Launch of its New Crypto Wallet If you’re someone looking to add Shiba Inu to your portfolio, read ahead to understand where you can buy Shiba Inu. Source: Investment U Where to buy Shiba Inu? If you are new to the cryptocurrency realm and are puzzled about where to buy Shiba Inu, look nowhere else. Since Shiba Inu is the second-largest meme coin fo...

The dispute between the Securities and Exchange Commission and Ripple has progressed through several stages. As the case nears its conclusion, there is much speculation in the cryptocurrency world concerning the outcome. The litigation has been ongoing for more than two years, and it appears to be a never-ending battle. The ongoing legal struggle has dampened retail interest in Ripple (XRP), causing its price to fall. Also read: Instagram to Start Selling Verification John Deaton, the founder of CryptoLaw.US, recently shared a tweet highlighting the words of Federal Judge Netburn. cryptocurrency, and on the other hand, that Hinman sought and obtained legal advice from SEC counsel in drafting his Speech, suggests that the SEC is adopting its litigation positions to further its desired goal, and not out of a faithful allegiance to the law.” -Judge Netburn — John E Deaton (@JohnEDeaton1) February 20, 2023 Judge Netburn comments on SEC’s lawyers Ac...

The logo for a popular Yuga Labs NFT collection is being changed after it was seemingly ripped off from a follow-along children's drawing creator. New logo slated for Yuga’s dog-themed NFT collection The logo for the Bored Ape Kennel Club (BAKC) from nonfungible token (NFT) conglomerate Yuga Labs is getting a refresh after recently surfaced allegations of intellectual property theft. Yuga co-founder, Greg Solano, more widely known as “Garga” tweeted on Feb. 18 that the BAKC logo would be changing and the project would “debut the new logo soon.” Saw the claims today about the BAKC logo. This was news to us and we're still investigating the situation. Have reached out to the freelancer we hired for that design and Easy Drawing Guides. We’ll be changing the logo and updating it on our site / ask marketplace s to change as… https://t.co/OwtflDXehz — Garga.eth (Greg Solano) (@CryptoGarga) February 18, 2023 Yuga has been in the doghouse over its trademarked logo as it looks remar...

Join Our Telegram channel to stay up to date on breaking news coverage C+Charge, the greenest cryptocurrency offering of 2023, has raised upwards of $1.2 million in the presale round. The third stage of the presale is ongoing and will conclude within the next four days or when the token raises $2.61 million, whichever comes first. C+Charge is an eco-friendly crypto initiative that aims to fix the current issues of EV systems and increase the EV adoption rate. The presale was announced on December 25th with eight presale stages. The conclusion of the current stage will push C+Charge closer to finishing half of its presale target. Those who don’t want to miss out on the last-minute gains must visit c-charge.io and buy the tokens today. C+Charge Addresses The Long Standing Issues of EV Systems Environmental concerns have increased the demand for electric vehicles, but the number of EVs on the road is still less than it could be. While we can relegate the current lack of E...