Web3 is revolutionizing digital art, allowing artists to secure and monetize their work using blockchain and NFTs. Strategic partnerships with tech firms and financial partners are key to making this accessible. #Update #Web3 #NFTs
Open Campus, with support from @animocabrands, TinyTap, and @ForbesWeb3, launches a $1M hackathon on July 8, 2024, to drive dApp innovation on EDU Chain, focusing on DeFi, education dApps, and finance dApps. #Update #BlockchainEducation
Ronin Network integrates PHPC, a peso-pegged stablecoin, approved by the Central Bank of the Philippines. In collaboration with @coinsph, PHPC aims to make remittances affordable and is now active on Coins.ph and Ronin Wallet. Plans include listing PHPC/RON on Katana. #Crypto #Update
#Update The crypto market eyes potential bull runs for $XRP, $BTC, and $MATIC. XRP trades at $0.43471, BTC at $56,679, and MATIC at $0.4844. RSI values suggest they may be undervalued despite bearish EMA and MACD signals. Key resistance levels noted. #CryptoNews
Cardano ($ADA) surged 3.4% in 24 hours, reaching $0.3571 amid a broader market recovery. Whale accumulation and technical analysis suggest a bullish trend with potential resistance at $0.50. Market cap stands at $12.6B. #Update #Cardano
Celsius Network is suing users who withdrew funds before its bankruptcy, using clawback provisions to target “fake profits.” Ripple CTO David Schwartz says principal is usually safe unless insider info is involved. Users face severe financial and emotional impacts. This could set a major crypto industry precedent. #CryptoNews
UK Labor Party’s landslide win positions Keir Starmer as next PM, succeeding Rishi Sunak. Future crypto policies remain uncertain, but Labor’s pro-industrial growth stance could benefit $BTC and Web3. Experts predict the tokenization industry could surpass $16 trillion in the next decade. #Update
Bitcoin Core developers, led by Antoine Poinsot, introduced a new policy for disclosing critical vulnerabilities, enhancing transparency and bug detection. Ten vulnerabilities affecting versions up to 0.21.0 were disclosed. This proactive stance boosts long-term security for the Bitcoin network. #Bitcoin #Crypto
Bitcoin and Ethereum outpaced the “Magnificent Seven” tech giants in market cap growth since 2019. $BTC rose by 1102% and $ETH by 2218%, surpassing companies like @Apple and @Microsoft. Crypto’s role in finance is rising. #Update
KuCoin will enforce a 7.5% VAT on transaction fees for Nigerian users from July 8, affecting those who completed KYC. This move raises questions amid the CBN’s ongoing ban on crypto websites and converting cryptocurrencies to fiat. Speculation exists this tax might lead to formal crypto regulations. #NigeriaCrypto
The National Bank of Ukraine’s new study uses LSTM neural networks to predict $BTC, $ETH, $XRP, and $DOGE prices, outperforming traditional models. Key dynamics: supply/demand, market stability, regulations. This could advance trading algorithms and portfolio tools. #Update #CryptoResearch
Blockchain projects secured $739.48M in June 2024, led by @Hut8Mining’s $150M for AI infrastructure. Colosseum and Avail raised $60M and $43M for GameFi & Web3. @AnimocaBrands backed ten startups. Mistral AI’s Series B hit $642M, valuing it at $6B. #Blockchain #Update
Memecoins, often seen as valueless, are vital in crypto. Vitalik Buterin sees their philanthropic potential, while Michael Novogratz notes their market influence. Memecoins excel in marketing, drawing broader audiences and driving blockchain adoption. Example: Dog Wif Hat raised $700K for ads. #Update
Robert Kao emphasizes that web3 adoption relies on user-friendly interfaces and tangible rewards, not blockchain specifics. By mimicking web2 strategies like Instagram’s ease of use, web3 apps can drive engagement with tokens and gamified incentives. #Update #Web3
