Author: CMN

Reddit’s launch of limited edition NFT avatars has led to a big premium on secondary sales on OpenSea. Sales of recently launched Reddit blockchain-based avatars are rising on nonfungible token (NFT) marketplace OpenSea, outperforming the platform’s proprietary store. Reddit, the “front page” of the web, plugged into the burgeoning world of NFTs with the announcement of collectible avatars in July 2022. The avatars became accessible to customers in August and are already generating thousands of dollars in sales for artists. Reddit users are in a position to buy a wide range of avatars for their profiles using Vault, Reddit’s cryptocurrency wallet, with credit and…

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South Korean electronics firm LG has just launched its own new NFT marketplace, dubbed “LG Art Labs,” obtainable from right this moment to all US LG tv owners running webOS 5.0.  The electronics giant has launched its own NFT marketplace—the second South Korean television manufacturing titan to do so this year. The “LG Art Labs” NFT marketplace has just been launched by LG, a South Korean electronics enterprise, and is now accessible to all US LG television owners running webOS 5.0. From the consolation of their houses, customers may buy, sell, and trade non-fungible tokens (NFTs) through the marketplace, which is available…

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Meta, the metaverse-focused social media firm, helps universities get their own virtual reality campuses online. The corporate will be opening 10 virtual campuses as a part of its Immersive Learning project, which seeks to take training to virtual reality environments. In partnership with Victoryxr, an Iowa-based virtual reality education startup, Meta will make investments $150 million on this initiative. Meta Getting Universities Into the Metaverse One of the biggest applications of virtual reality and metaverse technology has to do with training and the possibility of virtual reality classes coming true. Meta, the social media behemoth, is executing this idea, helping…

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Just over 11% of United Arab Emirates UAE residents have invested in cryptocurrencies, a report issued by the country’s Telecommunications and Digital Government Regulatory Authority (TDRA) has reportedly stated. Globally, the United Arab Emirates is now ranked tenth when it comes to cryptocurrency investment rates. UAE’s Mission to Turn into a Global Crypto Hub In response to a study by the United Arab Emirates telecoms regulator, the Telecommunications and Digital Government Regulatory Authority (TDRA), about 11.4% of the country’s residents own or have invested in cryptocurrencies. With this proportion of residents uncovered to crypto, the UAE now ranks among the…

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As Ethereum (ETH) prepares for the extremely anticipated Merge upgrade, the Ethereum network continues to record significant activity, contemplating that the blockchain update is considered as a bullish sentiment for the asset. In this line, the number of newly created Ethereum unique addresses is surging forward of the September 15 event.  As of September 2, the Ethereum network had 204,571,827 unique addresses, representing a growth of 2,210,529 addresses from the 202,361,298 recorded on August 2. Subsequently, over the 30 days, Ethereum added about 71,307 addresses every day, in response to Etherscan data. Ethereum unique addresses chart. Source: Etherscan It’s value noting that the added addresses don’t…

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Binance is Partnering with Nigeria to build an Export Processing Zone Authority (NEPZA). The purpose is to create a digital economic area similar to Dubai. The report said that the Nigerian authorities intend to build a zone that will probably be similar to Dubai’s virtual free zone. The space upon completion would be the first in the West African area. NEPZA’s Managing Director, Adesoji Adesugba, said the country’s “goal is to engender a flourishing digital free zone to take advantage of a near trillion greenback virtual economy in blockchains and digital economic system.” Binance Boosts Mainstream Blockchain Adoption Binance’s collaboration with Nigeria follows an identical…

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The leading marketplace for non-fungible tokens, OpenSea, introduced assist for polygon on Seaport. NFT marketplace giant OpenSea introduced help for the layer-2 blockchain Polygon on its new Web 3 protocol Seaport. The integration comes with an expanded listing of features, together with the ability for customers to use Polygon’s MATIC as a payment option. In a blog post on Tuesday (August 30, 2022), OpenSea mentioned that the migration of Polygon to Seaport, with the blockchain formerly powered by the Ox protocol, will allow more options for robust buying and promoting experience using Polygon. Some of the added features include bulk transfers, a…

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Hodlers, Believers, and Investors of CMN, You’ve all been a part of our journey since the beginning. We believe in building a strong community, so we’re intending to burn all existing CMN tokens and migrate to a new contract with improved security and upkeep. When a token is moved from one contract address to another, it is referred to as token migration. We are transitioning to a new contract at a different contract address for the following reasons: The BSC Scan ecosystem continues to evolve at a breakneck pace. As a result, moving their token allows the token maker to…

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Just a few years back, people didn’t have any idea about terms like Blockchain and cryptocurrency. Then came the era of Bitcoin and now everyone cannot get enough of this amazing system. Cryptocurrency has surely become one of the most popular trends in the world these days which begs just one question: what will be the future of cryptocurrency? Well, there are different predictions that people are making and we are going to learn about it all here. Do you want to know what is cryptocurrency be like in the future? Well, you are definitely not alone in this quest…

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Vitalik Buterin, the eccentric co-founder of the second most popular cryptocurrency in the world, Ethereum, recently sat down with Time Magazine for an interview, according to crypto news current. The Interview was about the challenges and perils that crypto has to go through in the world today. Time Magazine called Vitalik the Prince of Crypto in the interview. According to Vitalik, the most challenging issue for cryptocurrency in the present time was the image problem and how people and investors viewed the platform of cryptocurrency. Quite recently, the co-founder of Ethereum, Vitalik Buterin, graced the Time Magazine with an interview.…

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The growth and popularity of digital assets are unparalleled in the world today. Most of the nations these days have managed to digitize their assets and are relying on digital currency for their transactions. According to the best news site for cryptocurrency, Qatar is also one of the nations that can be added to that list. Recently, the Central Bank of Qatar has been making certain efforts to delve into the world of digital assets in an attempt to digitize every single transaction that takes place in the area. Qatar is now going to be a part of the digital…

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According to the best cryptocurrency website news, the ACCC has highlighted an endorsed and unapproved scam ad that is featuring most of the prominent figures in Australia such as TV Host David Koch, Entrepreneur Dick Smith, and Ex-NSW premier Mike Baird. The ACCC or the Australian Competition and Consumer Commission is targeting the Meta Platforms and has managed to take it to Federal Court over the allegation that the Irish Branch of the firm has engaged in different misleading, false, and deceptive conducts. According to the ACCC, Meta Platforms and the Irish Branch of the firm have published a scam…

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Everything started when Bitcoin was introduced to the world in the year 2009. Ever since then, cryptocurrency has managed to infiltrate the system and more people are interested in knowing about it in detail for sure. The world and future of cryptocurrency are something that people are definitely pretty interested in. Most people didn’t even know about Bitcoin back then but now it is one of the most popular cryptocurrencies in the world. In fact, it is the most popular one. However, the thing about cryptocurrencies is that it is a pretty volatile market. So, the coins that have a…

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Some Lawmakers And Industry Experts In The United States Recently Spoke At A Particular Hearing In The Senate Committee On Housing, Banking, And Different Urban Affairs. According To The Crypto World News Today, The Speakers Clashed On The Country’s Handling Of Different Digital Assets That Are Used For Illegal Purposes.  Giving A Speech Remotely In A Thursday Hearing On “Understanding The Role Of Digital Assets In Illicit Finance,” Michael Chobanian, The Founder Of Kuna Crypto Exchange And President Of Blockchain Association Of Ukraine, Called Out Binance. In His Written Testimony, Chobanian Said Kuna Had Stopped “All Support For The Russian…

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In a Monday Twitter thread, European Parliament Committee on Economics and Monetary Affairs member Stefan Berger stated that the committee will vote on the Markets in Crypto Assets, or MiCA, framework on March 14 after a final draught of the bill is submitted. As the rapporteur — the person appointed to report on the bill’s proceedings. Following the vote, the committee will continue to discuss the bill with the European Council and the European Commission. The MiCA bill, which was first introduced to the European Commission in September 2020 and then adopted by the European Council in November 2021, aimed…

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According to Dragonfly research, Solana’s throughput outperformed the leading EVM chain by a wide margin, leading researchers to predict that competing layer-1 chains will outperform EVM chains. In a Dragonfly Research experiment that compared the performance of six blockchains by testing the capacity of automated market makers (AMMs) on each, Solana’s Orca decentralized exchange (DEX) emerged as the clear winner in terms of trades per second. It was capable of 273.34 trades per second and generated a new block every 590 milliseconds. With 194.6 trades per second on PancakeSwap, BNB Smart Chain was not far behind, followed by Polygon, Avalanche,…

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The revised tax policy exempts cryptocurrency traders from the mandatory 7% Cryptocurrency tax on authorized exchanges while providing tax breaks of up to ten years for crypto startup investors. Thailand’s finance ministry is said to have relaxed crypto tax regulations in order to encourage investment in the digital asset market. The tax changes come just a few weeks after the government abandoned its initial plans to impose a 15% tax on cryptocurrency gains. According to Reuters, the new tax policy exempts cryptocurrency traders from the 7% value-added tax (VAT) on authorized exchanges. The new tax policy would also allow traders…

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Cryptocurrencies have been in the market for a very long time, ever since Bitcoin was introduced to the general public. However, it is only quite recently that people got into the whole idea of investing in cryptocurrency. With that, the battle began which came to be known as Bitcoin vs Cryptocurrency options that belonged to other groups. Bitcoin was the first cryptocurrency to come into the world and people were quite excited about it. Even today, Bitcoin still remains a very popular cryptocurrency. In fact, most people want to take loans with bitcoin vs cryptocurrency options that are not Bitcoin.…

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Olive Allen, an NFT Artist from Russia has decided to rebel against the decision made by Russian President Putin to invade Ukraine. The artist has decided to support Ukraine by renouncing her citizenship as a Russian by burning her passport and creating an NFT out of it. The sales from this NFT would supposedly go to the Ukraine support mission. According to cryptocurrency breaking news today, Olive Allen who is an NFT artist in Russia has mentioned that by publicly burning the passport that she has, she will effectively be making it pretty dangerous to repatriate by creating protests against…

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There are different companies in the United States of America as well as the other nations in the West that aren’t allowed to conduct any kind of business with Russian banks. According to crypto trading news today, the current executives of the different cryptocurrency companies have a few words to say about that. With the increase of the economic sanctions against Russia, concerns have actually emerged all over the world on how the crypto space will be affected by all this. Russia has largely been cut off from the international payment system of SWIFT. Apart from that, all the major…

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