Author: Crypto News Live

Summary: The average cost of sending a single transaction on Bitcoin’s blockchain soared to almost $20, its highest point since April 2021.It seems that increased demand for BTC blockchain space was triggered by heightened activity on the Ordinals protocol and tokens issued using the BRC-20 standard.Binance was forced to halt BTC withdrawals twice on Sunday as network congestion peaked, although the crypto exchange later resumed operations after moving $4.4 billion in assets. Bitcoin (BTC) transaction fees rose to their highest point in two years amid growing interest in the Ordinals protocol and demand for BRC-2O tokens issued on BTC’s blockchain.…

NFTs have significantly impacted various sectors, including digital art, gaming and virtual real estate.However, this technology’s disruptive nature brings its own challenges, a prominent one being copyright infringement. This issue has gained prominence as NFTs continue to rise in popularity, leading to numerous instances of copyright violations. Artists are increasingly discovering their work being tokenized and sold without their permission. The decentralized nature of this space has presented a significant challenge, as traditional methods of copyright protection struggle to maintain control.The Role of AI in Mitigating Copyright InfringementArtificial Intelligence (AI), with its sophisticated pattern recognition and data analysis capabilities, offers a powerful tool…

By Edward Nehamkin, Senior Product ManagerTL;DR: Calling all NFT collection owners, creators and community members! We’re rolling out a new way for you to showcase your favorite brands and projects with Sponsored Badges. Building on our existing Badges feature, now you can easily create your own badges for your favorite projects.What’s changedBadges represent your achievements, skills, ownership and other accomplishments in Web3. Whether earned or awarded, Badges allow anyone to verify and showcase their accomplishments within their Unstoppable profile and get rewarded for their contributions in Web3. Utilizing the same underlying technology, Sponsored Badges allow community members to create sponsored badges…

Blockchain San Jose Deputy City Manager Rob Lloyd said Thursday he envisions a future where blockchain technology is used to vote in city, state and even federal elections. “The 40-hour workweek, worker rights, [worker’s] comp protections — those usually start at the local level and then work their way up to state and get adopted by federal — I think the same pattern is going to happen with blockchain-driven voting,” Lloyd said. He added that zero knowledge proof technology could be used to ensure voter anonymity, while also guaranteeing that their vote is forever recorded on an immutable digital ledger.…

Blockchain Historically, many auction houses have built their brands on being exclusive places where the wealthy buy and sell fine art, jewelry, and other luxury items. But today, auction houses are looking for new ways to engage a wider, more diverse, and younger audience of potential buyers. That’s why many of them are turning to Web3 technology. For instance, Christie’s 3.0, which the company describes as an “on-chain auction platform dedicated to exceptional digital art,” was launched in 2021 to support the sale of art in the form of non-fungible tokens, or NFTs. But NFTs aren’t the only thing that…

A trader who caught the 2023 crypto rally warns that Bitcoin (BTC) could be one bad news story away from a big sell-off event. Pseudonymous analyst DonAlt tells his 484,400 Twitter followers that the downside risk for Bitcoin and the rest of the crypto markets is “significantly higher” now than it was half a year ago when the markets witnessed the high-profile collapse of FTX. “The risk of downside is significantly higher now than it was six months ago. Now that memecoins are pumping and grifters are out there scamming everyone they can there are less and less reasons to…

Key Takeaways A hotly contested vote saw the Cosmos Hub community rejecting the proposal to implement the ATOM 2.0 whitepaper. 37.99% of the tokens voted “NoWithVeto,” signaling strong pushback from the community. The proposal caused controversy over its revamped tokenomics and desire to implement multiple complex new tools all at once. Share this article The ATOM 2.0 proposal has rejected by the Cosmos Hub community in a hotly contested vote; the proposal failed despite gaining support from the majority of voters.ATOM 2.0 Fails to PassAfter weeks of debate and a tense two-week voting period, the Cosmos Hub community decided earlier…

In the world of cryptocurrency, there’s always something new and exciting to keep an eye on. The latest buzz is all about Pepe (PEPE), a meme coin that’s predicted to replace Dogecoin (DOGE) as the market’s key sentiment indicator. A Crypto Analyst’s Bold PredictionIn a recent tweet crypto analyst LilMoonLambo recently made a bold prediction, suggesting that Pepe could be the new go-to indicator for market sentiment, taking over from Dogecoin. The analyst believes that a surge in the Pepecoin price is a strong signal of a bullish trend in the broader market.The recent enthusiasm for Pepe is not without substance, as…

The average Bitcoin transaction fee has surged to $30.91 — a level not seen since April 2021, per data from ycharts.com.Source: ycharts.comThe period in the run-up to April 2021 was characterized by a mania that saw Bitcoin run to $64,900 — likely driven by Coinbase’s NASDAQ listing and the narrative that crypto is going mainstream.This run ended abruptly as China extended its anti-crypto policy to ban Proof-of-Work mining, followed by Elon Musk announcing Tesla would stop accepting BTC for vehicle purchases due to concerns over miners using fossil fuels.Today, meme coin mania is driving activity on the Bitcoin network via…

A closely followed analyst believes that Bitcoin’s (BTC) recent price doldrums are setting the stage for the crypto king to go on a parabolic surge. In a new video, Credible tells his 340,400 Twitter followers that Bitcoin is likely in the phase of creating a base for a parabolic rip. According to Credible, Bitcoin could correct to as low as $25,000 and still be in a position to ignite the next stage of its parabolic rally. “The biggest consolidations, the slowest ascension to the upside happens at the base of these parabolas. Don’t expect these types of consolidations to occur…