Twitter and Discord will support the ’embed’ of Solana NFT galleries with Audius Web 3.0

Through NFT adoption and Web 3.0 integrations, new “embedded” functionality aims to improve fan engagement for musicians. Audius, a music streaming platform based in California, has introduced a new feature that allows artists and fans to embed nonfungible tokens (NFT) on various blogs and social media platforms such as Twitter and Discord. Through NFT adoption and Web 3.0 integrations, the “embedded” functionality aims to improve fan engagement for musicians. To use the feature, artists must link their Audius accounts to Phantom wallet, a cryptocurrency wallet centered on the Solana ecosystem. The company stated, in order to increase the discoverability of Solana NFTs: “NFT owners can embed collectibles from the two largest blockchains on their Twitter timelines, personal blogs, and websites.” This new feature will help to push collectibles even further into the mainstream.” The blockchain-based music streaming platform, which hosts popular mainstream artists such as Katy Perry, Nas, and The Chainsmokers, has seen a sevenfold increase in user numbers by 2021. While social media platforms allow the use of JPEG images, Audius’ embed functionality displays the NFT metadata, which artists can use to market and sell their talent. While third-party entities continue to experiment with features on social media platforms in order to attract an established crypto community, Twitter has established an in-house team to promote decentralized applications, cryptocurrencies, and blockchain. Tess Rinearson, an Interchain Foundation council member, announced on November 10 that she would be joining Twitter’s Bluesky project to “explore how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership, and more.” I’m thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies.✨ pic.twitter.com/HaP0k5hUOq — Tess Rinearson (@_tessr) November 10, 2021 Twitter CEO and Square founder…

Read more

Binance has revealed that it is completely rebuilding the Dogecoin (DOGE) wallet following widespread criticism

Binance has revealed that it is rebuilding its Dogecoin (DOGE) wallet from the ground up following a recent upgrade glitch that caused significant controversy for the exchange. Binance has taken a lot of heat for how it handled the DOGE wallet issue. Binance, the world’s largest cryptocurrency exchange by trading volume, has found itself in hot water once more, but this time for non-regulatory reasons. The problem arose nearly a week ago when Binance upgraded its Dogecoin (DOGE) wallet. A bug in the upgrade resulted in the execution of year-old transactions that had become stuck in the system due to low fees. Dogecoin holders on Binance later revealed that the exchange executed transactions from their accounts without their consent and is now demanding their money back, despite the fact that they have no DOGE in their accounts. According to reports, the exchange has threatened to suspend and freeze withdrawals for these users. This piqued the interest of Dogefather Elon Musk, who chastised Changepeng Zhao and Binance for their shady handling of the situation. Binance responded to Musk’s tweet, attempting to explain the problem and how they are dealing with it. Musk, on the other hand, dismissed their response, claiming that the exchange’s error should not result in customer losses. Binance CEO Responds to Elon Musk Changpeng Zhao decided to take matters into his own hands after Musk’s response to Binance’s official Twitter handles, and responded to Musk’s “shady” tweet with a headline from The Guardian about Tesla’s recall of 12,000 vehicles due to a communication glitch. Zhao stated, We’re pretty sure it’s a problem with the latest #doge wallet, Elon. We are in contact with the developers. Please accept our apologies for any inconvenience this has caused you. What exactly happened here? The exchange is not without controversy; however, the…

Read more

MaximNFT from xSigma will go into beta in late November, with NFT collections from Brian Tracy and a slew of NFL players

ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”) and its subsidiary xSigma Collectibles (“xSigma”) are pleased to announce the November 29th launch of MaximNFT’s open beta. MaximNFT is a new NFT marketplace launched by xSigma in collaboration with Maxim magazine. It will feature exclusive NFT collections from celebrities such as Brian Tracy and a slew of NFL players. Brian Tracy is a motivational speaker and the author of the international best-seller “The Psychology of Achievement.” Tracy has hundreds of textual, audio, and video learning programs in addition to the book. “The Art of Closing the Sale,” “Eat that Frog,” and “Maximum Achievement” are among his other works. Tracy’s NFT collection is a charitable endeavor. Jon Orlando, CEO of MaximNFT, stated that he is looking forward to hosting the collection, as well as other charitable projects on MaximNFT in the future. Meanwhile, MaximNFT will offer one-of-a-kind, 3D digital collectibles signed by football stars such as Janoris Jenkins, Devon Kennard, and Denzel Perryman. Jenkins, also known as “Jackrabbit,” is a cornerback for the Tennessee Titans. Meanwhile, Kennard is an Arizona Cardinals linebacker, and Perryman is a Las Vegas Raiders middle linebacker. “Both MaximNFT and NFL players stand to benefit greatly from the thriving NFT industry,” said CEO Jon Orlando. “Jenkins, Kennard, and Perryman are all exceptional talents with tens of thousands of fans eager to buy their digital merchandise.” More information about MaximNFT’s launch, as well as its exclusive NFT collections and high-profile partnerships, will be revealed in the coming weeks. MaximNFT.com Information MaximNFT is the rebranding of xSigma’s NFT marketplace in collaboration with Maxim.com. Maxim.com will endorse and promote xSigma’s NFT platform, which will operate under the Maxim brand. MaximNFT is aiming for a rapidly growing NFT industry that will surpass $2 billion in total sales…

Read more

Visa Launches First Ethereum Smart Contract for its “Universal Payment Channels” Platform for CBDCs and Stablecoin

On Thursday, payment giant Visa unveiled its “Universal Payment Channels” (UPC) platform for central bank digital currencies (CBDCs). According to Visa’s paper, with a “significant growth” in digital tokens such as crypto, stablecoins, and CBDCs, as the number of distributed ledger technology (DLT) networks grows, transacting parties are becoming dispersed. In this case, the company envisions a future payment network built on DLT networks. This is where Visa’s UPC digital currency interoperability platform comes into play. UPC is a scalable, interoperable digital currency platform that works on a hub-and-spoke model, with clients registering with a UPC hub to route their transactions to other clients. Visa lists cross-border payments for CBDCs and a digital currency marketplace as UPC use cases. It intends to serve as a link between independent CBDC networks and regulated stablecoins. We anticipate that the advancement of this technology will greatly expand the utility of digital currencies as a means of digital payment across a network of businesses, consumers, and developers.” Visa has also tested its first smart contract on Ethereum’s Ropsten testnet. This payment method accepts both Ether (ETH) and USDC, a stablecoin. Visa stated, “UPC’s specialized payment channels would be established off the blockchain and would use smart contracts to communicate back with the various blockchain networks, delivering high transaction throughput securely and reliably while also improving overall speeds.” In the future of its Universal Payment Channels, Visa sees privacy, concurrent transactions, UPC-as-a-Service, and liquidity management on layer 2.

Read more

How can Litecoin avoid a breakdown due to this pattern?

Litecoin has stalled on the charts after reaching an 11-week high of $191.8. As price oscillated between their upper and lower trendlines, a horizontal channel emerged. From here, a breakout in either way was possible, but sellers had the upper hand. To withstand the selling pressure, LTC would need to maintain its defense of the lower trendline. This might spark a new wave of buying pressure, assisting with a retest of LTC’s 200-SMA (green). LTC was trading at $170.2 at the time of writing, with a market size of $11.59 billion. LTC Chart for the Day A closer examination of the daily chart revealed that sellers have tested the lower trendline more frequently than buyers have tested the upper trendline. Buyers have not found the strength to climb above the pattern’s half-line in the last few days, resulting in constant drawdowns. As a result, sellers appeared to be more likely to initiate a break from the pattern. A decisive close below the lower trendline and the $160 level would put the market in danger of losing another 11% of its value. Another note was placed around $146, from which the market could continue to bleed. Buyers would need to respond fast at the lower trendline and aim for a close above the 20-SMA to regain market control (red). From there, a rise towards the upper trendline is likely. LTC, on the other hand, needs to break through its 200-day simple moving average in order to exert any kind of bullish supremacy. Reasoning The RSI appears to have fought back. Buyers have kept the RSI from falling below 50 and entering bearish territory. The Awesome Oscillator remained above its half-line as well. The AO, on the other hand, formed a bearish twin peak setup, which provides a base for sellers to…

Read more

President Bukele of El Salvador Makes Remarks Ahead of the Bitcoin (BTC) Law’s Implementation

According to a Twitter thread on August 23, 2021, El Salvador’s President Nayib Bukele reassured citizens that the implementation of the Bitcoin Law on September 7 will have beneficial life-changing consequences on the public, despite “lies” produced by members of the opposing party. El Salvador’s push for Bitcoin adoption continues. At a time when a slew of central banks around the world are focusing their attention on central bank digital currencies (CBDCs), El Salvador, a small Central American country whose dwindling economy has been overly reliant on the US dollar, has taken a different path, believing that bitcoin will significantly alleviate its economic woes. President Nayib Bukele allayed Salvadorans’ anxieties about the anticipated integration of bitcoin into the nation’s economy as legal cash in a Twitter thread made on August 23, stating that the digital currency will make life easier for the masses. “The unpleasant opposition is always playing one-step chess,” says the narrator. They’ve put everything on the line to scare the public about the #LeyBitcoin, and they could succeed, but only until September 7. People will recognize the benefits [of bitcoin] once it is in place, [critics] will be exposed as liars, and they will lose twice as much,” a rough translation of Bukele’s tweet said. Use of the Chivo Bitcoin Wallet is not required. Unlike President Nicolas Maduro, who made the usage of Venezuela’s petro (PTR) cryptocurrency mandatory in the country, Bukele has made it plain that Salvadorans are under no need to download or use the Chivo bitcoin wallet. Those that choose Chivo, on the other hand, will be able to take payments in both bitcoin (BTC) and US dollars, make and receive remittance payments, and more, all without paying a commission. “With this software, you may accept payments in #bitcoin or dollars, start a small…

Read more

The CBDC Pilot in South Korea has begun, and Samsung has agreed to participate

The Bank of Korea (BOK), South Korea’s central bank, has begun testing its digital KRW prototype. The bank has chosen to conduct a two-stage central bank digital currency (CBDC) pilot, the first of which will run from this week through June of next year, with the goal of determining the viability and usability of the technology. The BOK will subsequently conduct a second series of tests to address privacy concerns and investigate additional use cases, like as cross-border transfers. As previously reported, the BOK chose a partnership led by a number of Kakao subsidiary companies to carry out the trial. Kakao is a rapidly expanding tech behemoth with a popular chat app, its own e-payment network, and a variety of crypto and blockchain-related activities. Two Samsung enterprises are also working on the project, corroborating prior claims of the conglomerate’s involvement — Samsung Electronics divisions or subsidiaries and Samsung SDS, which provides IT services. A number of smaller domestic blockchain and IT businesses, as well as the US-based Ethereum (ETH)-focused company ConsenSys, are also on board. Despite the fact that local stablecoin projects and cashless pay incentives are becoming nearly widespread in the East Asian nation, the BOK, which has yet to commit to issuance, is still avoiding the sticky subject of rollout deadlines. CBDC drivers are now “beginning globally,” according to a BOK official, and Sweden is “at the forefront” of progress. The e-krona initiative in Sweden is well advanced, but Seoul is likely focusing on a much closer country: China. Beijing’s digital yuan trials are nearly complete, and the country is on track to deploy its token in time for the 2022 Winter Olympic Games, either statewide or in the capital. South Korea, like its East Asian neighbor Japan, is not used to ceding the lead in any element…

Read more

TIME Magazine and Cool Cats are teaming up to give away NFTs in exchange for great memes

Cool Cats is one of the most popular NFT crypto collectible projects right now, with a collection of 10,000 randomly generated cartoon cats fueling trading volume worth millions of dollars per day. Believe it or not, the project is now collaborating with TIME magazine on an exclusive new set of NFTs involving memes. The Cool Cats x TIME collaboration is a new series of NFT collectibles that includes 400 images spread across four different designs. Each image features an adorable cat illustration similar to those found in the main Cool Cats line, but this time they’re reading TIME. The collaboration was the brainchild of TIME president Keith Grossman, according to the Cool Cats announcement post. TIME pursued the project because its “community exudes positivity and optimism,” he tweeted today, and Cool Cats are “family friendly and connect cross-generationally.” In addition, he added “WLTC!” or “We like the cats!” to an acronym commonly used in the collectors’ community. However, the digital collectibles will not be sold or auctioned off directly to collectors. Instead, TIME and Cool Cats are hosting a competition to see who can create the best memes related to the project, as judged by the collaborators. The eight winning memes’ creators will each receive one of the new NFT images as a prize. Meanwhile, the collection’s remaining 392 NFTs will be raffled off to existing Cool Cats owners who also entered the meme competition. In any case, you’ll have to make a meme in order to get your hands on one of these Cool Cats x TIME collectibles. Penguins with Pudgy Feet The NFT craze has taken off, with daily volume in Ethereum exceeding $11 million. Given the rising value of the original Ethereum-based Cool Cats set, it may be well worth the effort. Cool Cats NFT secondary market…

Read more

Cardano must take this path in order to reclaim its May ATH levels

Cardano has finally broken through its $1.38-$1.40 price range after a period of rangebound movement. At the time of publication, the breakout had already seen an 8% increase in value, and its mid-long term outlook appeared promising. The rate of acceleration now depends on how ADA interacts with the resistance levels depicted on the chart. ADA was trading at $1.48 at the time of writing. On CoinMarketCap’s crypto-rankings, the cryptocurrency was ranked fifth. Cardano Chart for the Day For the first time in over a month, ADA’s breakout above $1.40 caused the price to topple its 50 percent Fibonacci Extension. A successful close above this region would highlight the next targets at the Fibonacci Extensions of 61.8 percent ($1.74) and 78.6 percent ($1.94). Surprisingly, the Visible Range revealed a high level of interest in ADA at $1.94, but little trading activity above this level. This meant that only weak resistance zones stood in ADA’s way of reaching its May ATH levels. In the event of a pullback, the Fibonacci levels could also act as potential support levels. Reasoning Despite ADA’s consolidation, the RSI remained above 50, indicating a strengthening market. However, its foray into overbought territory could benefit from a reversal before ADA’s next leg forward. Buyers must avoid a drop below $1.35 in this case, as this would negate a bullish thesis. While the RSI showed some warning signs, the DMI indicated that ADA’s uptrend was gaining traction. The Squeeze Momentum Indicator depicted a squeeze release, emphasizing the possibility of instant gains due to higher volatility. Conclusion Cardano’s ATH is still a long way off, but breaking through the $1.40 barrier was a significant step forward. The 61.8 percent ($1.74) and 78.6 percent ($1.94) Fibonacci Extensions are now the next targets, with both pushing ADA towards $2.46. However, a…

Read more

The Pennsylvania Legislature is currently debating a bill that would create a cryptocurrency task force

The state of Pennsylvania may soon establish a task force to oversee the activities of cryptocurrency brokers in the state. The Bill has been introduced in the General Assembly, and the Legislature is already debating it. The details of the Bill, HB1724 by LegiScan, enumerate the work of the task force to investigate the impact of and digital currency on Pennsylvania. Bill Establishing a Crypto Task Force According to our sources, the bill was introduced in 2021 by two Republicans and eight Democratic members of the Assembly. If it is passed, the Bill will be known as the Digital Currency Task Force Act. For the time being, the Commerce Committee is reviewing the Bill. The task force will determine the total number of cryptocurrencies that will be traded on the Pennsylvania exchange, as well as other factors. They intend to investigate investment operators who want to invest in crypto and digital assets on a large scale, as well as to determine the tax implications of crypto on state and local levels. Another important task of the task force is to assess the transparency of the cryptocurrency market. They need to find out if there are any illegal activities going on, such as price manipulations and so on. This new Taskforce will also investigate various crypto regulations from various regulatory authorities around the world. Let us recall that in the last two years, the Pennsylvania Department of Banking and Securities exempted cryptocurrency exchanges from money transmission regulations. More Information on the Cryptocurrency Task Force According to the legislation, the task force will have a total of thirteen members (13). These members will perform these tasks for no monetary compensation. In addition, in addition to their other responsibilities, they will hold “public hearings” to facilitate their review process. In fact, the task…

Read more

A US credit union regulator wants to know how its members deal with debt collection

The National Credit Union Administration (NCUA) has issued a formal request for additional information on how the financial institutions it governs might deal with the cryptocurrency business. The NCUA issued a request for information (RFI) on Thursday after its three board members unanimously voted in favor, requesting information on how distributed ledger technology (DLT) and decentralized finance (DeFi) might impact the credit union system, as well as how its regulated entities might interact with these technologies or other crypto-related tools. The Major Credit Union Administration (NCUA) is a federal government agency that regulates credit unions in the United States. It is similar to the Office of the Comptroller of the Currency (OCC), which oversees national banks. As a result, every major federal banking regulator is now investigating cryptocurrency. In addition to the NCUA and the OCC, the Federal Deposit Insurance Corporation (FDIC) issued a request for information in May asking similar concerns about cryptocurrency, and the Federal Reserve is collecting opinions on a plan to provide fintech and crypto firms access to its master accounts. Regulators are also paying more attention to digital assets, with stablecoins and securities-backed tokens, in particular, attracting their attention. In addition, the OCC, the Fed, and the FDIC are forming an interagency committee to look into cryptocurrency. The NCUA requested information on insurance, risk/compliance, operations, supervision, and other areas where the NCUA might be involved in a credit union wishes to offer a crypto-related service in its RFI. A query about stablecoins and how those accounts might be insured was also included in the RFI. “Are there distinctions or similarities between stablecoins (cryptocurrencies backed by a currency such as the US dollar and designed to have a stable value compared to other cryptocurrencies) and stored value products where the underlying funds are held at FICUs…

Read more

ultcoin365 is your secure sourse of the latest financial news in the country and around the world! Learn more about cryptocurrencies and marketing tendencies that rule the economy.