Post offices adopting NFTs leads to a philately renaissance

Philately? If you are a millennial, there is a good chance you used Google to find out that there is a word dedicated to collecting and studying postage stamps. This same search also paints the picture of a hobby in decline, as younger generations are increasingly preoccupied with their screens and the constant stream of dopamine hits served up by TikTok, Instagram, Twitter and other popular social media platforms. Two European postal services have looked to capitalize on the popularity of nonfungible tokens (NFTs) in recent years to reinvigorate the…

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Ether price could ‘decouple’ from other crypto post Merge — Chainalysis

Crypto analytics firm Chainalysis has suggested that the price of Ether (ETH) could decouple from other crypto assets post-Merge, with staking yields potentially driving strong institutional adoption. In a Sept. 7 report, Chainalysis explained that the upcoming Ethereum upgrade would introduce institutional investors to staking yields similar to certain instruments such as bonds and commodities, while also becoming much more eco-friendly. The report said ETH staking is expected to offer a 10-15% yield annually for stakers, therefore making ETH an “enticing bond alternative for institutional investors” considering that treasury bonds yields offer…

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OpenSea says marketplace won’t support forked NFTs post Merge

As the date for the Ethereum Merge approaches, nonfungible token (NFT) marketplace OpenSea has announced that it will focus on supporting only the NFTs that are on the upgraded proof-of-stake (PoS) blockchain.  In an announcement on Twitter, the NFT marketplace said that while their team is not speculating on any potential forks, it clarified that if there are forked NFTs, they will not reflect on OpenSea as the platform will only support the upgraded chain.  The NFT marketplace also highlighted that its team is preparing the NFT trading platform for…

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Meta says FB and IG users can post NFTs: Nifty Newsletter, Aug 24–30

In this week’s newsletter, read about Meta’s newest update on the integration of nonfungible tokens (NFTs) on Facebook and Instagram. Check out how the NFT trading volume on OpenSea has plummeted by 99% and how despite the downturns, digital artists still firmly believe in the future of NFTs. In other news, learn about the changes in participation in GameFi. And, don’t forget about this week’s Nifty News roundup featuring Taco Bell’s Metaverse wedding competition in collaboration with Decentraland.  Meta announces Facebook and Instagram users can post NFTs from digital wallets…

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Meta announces Facebook and Instagram users can post NFTs from digital wallets

Facebook and Instagram users can both post nonfungible tokens, or NFTs, and digital collectibles to their accounts by linking their wallets. In a Monday update to a May 10 blog post, Facebook’s parent company Meta said the social media platform’s roughly 2.9 billion users will have the ability to share digital collectibles and NFTs. The announcement followed an Aug. 4 update in which Meta said Instagram users across 100 countries could post digital collectibles minted on the Flow blockchain or from wallets supporting the Ethereum or Polygon blockchain to their…

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Is it foolish to expect a massive Ethereum price surge pre- and post Merge?

Ether’s (ETH‘s) impressive 85% gain in the past thirty days will have surprised even the most bullish investors and it makes the $800 range seen in mid-July seem like ages ago. Bulls now hope to turn $1,900 to support, but derivatives metrics tell a completely different story and the data suggests that professional traders remain highly skeptical. Ether 1-day price index, USD. Source: TradingView It’s important to remember that the leading cryptocurrency, Bitcoin (BTC), gained 28% in the same period. Thus, there should be no doubt that the Ether bull…

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Ocean Protocol, Helium and Chainlink post monthly gains while Bitcoin price consolidates

Positive price movements during bear markets are noteworthy primarily because they can help identify projects that have a good chance of surviving until the next bull cycle .  Generally, price action in June has been stagnant for a majority of the crypto market because traders are nervous about Bitcoin’s (BTC) oscillation around the $30,000 support level, but there have been a few strong performers. LINK/USDT vs. HNT/USDT vs. OCEAN/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers in the month…

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QSP, XDB and AST post double-digit gains amid sideways moving market

Activity across the cryptocurrency market has been largely subdued on April 15 as traders in the United States have taken an early weekend thanks to the closure of financial markets for the observance of Good Friday. A survey of the top 20 tokens indicates a relatively flat trading day, with Bitcoin (BTC) clinging to support above $40,000. Several lower-ranking altcoins managed to post double-digit gains on the back of recent protocol developments. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and…

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Here’s how you can be tipped off to the week’s winners before they post strong gains

The mixed crypto market that took hold starting late last year does not offer as many profit opportunities as the blooming altcoin season that came before it. There are way fewer winners than in bull times, and the thorough research needed to single them out can become a full-time job. Luckily, there are ways to outsource some of this effort. The history of digital assets’ price action doesn’t hold keys to their future, but it can offer numerous valuable cues. Complex patterns of trading and social sentiment metrics that power…

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China’s share in Bitcoin transactions declined 80% post crackdown: PBoC

People’s Bank of China, the central bank of the country, claimed in a recent note that China’s share in the global Bitcoin (BTC) transactions has rapidly dropped from over 90% to 10%. The Financial Stability Bureau of the Chinese central bank released a comprehensive note on Wednesday discussing the impact of the crypto crackdown on the financial markets. The official notice claimed that all peer-to-peer exchanges in the country had been eradicated, which eventually curbed the hype around digital currency transactions. A Google translated version of the note read: “The…

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