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According to recent indicators, the NFT space might be in steady decline, unlike earlier predictions of skyrocketing growth.  Trading volumes on NFT marketplaces are sharply decreasing. This is in contrast to the previous year, which sometimes set almost impossible records. 2021 saw the auction of Beeple's Everyday: The First 5000 Days project (valued at $69M) to the impressive sales of Bored Apes #3739 and #8585. While there are concerns that the NFT industry might be waning in influence, most market…

Cynthia Lummis – a Bitcoin-bullish Republican Senator – believes Bitcoin is destined to be adopted as a common means of exchange. She currently considers it a “commodity” but expects it to become a currency “really fast”, thanks to the lightning network. Bitcoin’s Evolution In conversation with MSNBC’s Chuck Todd on Meet the Press, Lummis went deep on Bitcoin’s currency status, and regulatory relationships. She explained that under the new bill she’s designing alongside Senator Gillibrand, they’d see it regulated like…

It’s been over ten days since Ronin Bridge fell victim to the largest Defi hack in history. Today, the lost ETH from the hack has started leaking out of the suspected thief’s wallet. Covering HIs Tracks According to on-chain data from Etherscan, the exploiter's addresses conducted multiple transactions between themselves earlier today. In two batches, the hacker's original address sent 2000 ETH to a new address flagged “Ronin Bridge Exploiter 8”. The new address subsequently sent 20 batches of 100…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,154 trillion. Bitcoin is up by roughly 3% after a promising week. Ethereum increased by almost 10% over the past seven days. XRP lost almost 1% in value in the past week. Almost all altcoins are trading in the green and still enjoying a favorable period. Hackers breached Axie Infinity’s Ronin Bridge and made…

Reddit continues its integration of CryptoSnoos, a collection of four NFT avatars, on its platform. The Ethereum-based NFTs were each auctioned for up to $400,000 to be used as Reddit avatars. One of Reddit’s NFT avatars still sees activity, despite its initial introduction in June 2021. The continued scarcity of these collectibles suggests that Reddit may still be testing this integration before producing more avatars or allowing users to mint and use their own NFTs on the platform. Redditors with…

On Friday, the United States Securities Exchange Commission turned down Ark 21Shares' Bitcoin ETF proposal. The commission's refusal makes it its sixth rejection of crypto ETFs within the space of a year. The SEC Cites its Reasons On Friday, April 1, The United States Securities Exchange Commission (SEC) delivered its verdict on Ark 21Shares' spot Bitcoin ETF proposal after several postponements. The SEC refused to approve the application, stating that the ETF did not provide adequate protection against manipulation or…

Neil deGrasse Tyson – a famous American astrophysicist and planetary scientist – recently met with three influential Bitcoiners about the cryptocurrency. They include The Bitcoin Standard author Saifedean Ammous, Kraken Growth Manager Dan Held, and Human Rights Foundation CSO Alex Gladstein. In a tweet early on Saturday, Ammous posted a picture of the three men standing behind the astrophysicist. So glad [Dan Held], [Alex Gladstein] and I may have just orange-pilled [Neil deGrasse Tyson],” he said. “Orange pilling” is a…

Major exchange Binance has announced the recruitment of two tech veterans, Rohit Wad and Mayur Kamat. According to Binance’s release, the exchange expects the new additions to help expand its ongoing Web3 developments. On April 1, Rohit Wad, a former corporate VP at Microsoft, assumed the position of Binance's new Chief Technology Officer. Mayur Kamat, previously the VP of product at Agoda, is now the head of product at the cryptocurrency exchange. Binance seems intent on leading the Web3-based future,…

Vitalik Buterin – co-founder of Ethereum – wrote an uncharacteristic blog post on his site today titled “In Defence of Bitcoin Maximalism”. The post argues why a healthy level of “toxicity” towards cryptocurrencies besides Bitcoin might be justified. However, considering the date, it’s unclear how seriously we should take the developer’s words. What Makes Bitcoin Different Vitalik’s arguments primarily address two unique aspects of Bitcoin that other crypto users often fret about. The first surrounds Bitcoin’s simplistic design choices, while…