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Solana rose by as much as 11% to start the week, as the token moved higher for a fourth consecutive session. Market sentiment has mostly been bullish in the past two weeks, leading to prices hitting a multi-month high on Monday. Bitcoin cash also surged, climbing to its strongest level since July. Solana (SOL) Solana (SOL) rose by over 11% in Monday’s session, as the token raced to a multi-month high earlier in the day. Following a low of $24.04 on Sunday, SOL/USD surged to an intraday peak of $26.93 to start the week. As a result of this move, solana climbed to its highest level since November 8, when price hit a high of $31.78. SOL/USD – Daily Chart This is the fourth straight session that solana has risen, with prices breaking out of a key resistance level of $26.00 in the process. In addition to this, the 14-day relative strength index (RSI) has moved beyond a ceiling of its own at 62.00. Currently, the index is tracking at 63.58, and should it continue in this...

NFTs were introduced to the world to help solve the illegal use of intellectual property and protect artists — the very thing Yuga Labs has been accused of doing. The iconic wolf skull logo of Bored Ape Yacht Club (BAYC), Yuga Labs’ premier nonfungible token (NFT) collection, was allegedly illegally trademarked without proper licenses. The image was originally released by a company specializing in drawing tutorials for children and beginners. NFTs were introduced to the world to help solve the illegal use of intellectual properties and protect Artists — the very problem Yuga Labs has been accused of doing. Crypto Twitter member and NFT artist @Jdotcolombo came across a post from April 5, 2021, in which Easy Drawing Guides advertised “an easy step-by-step drawing tutorial” for a wolf skull . Website showing time stamp of the art's release. Source: EasyDrawingGuides.com The art displayed by the company closely resembled BAYC’s official logo, which initially raised suspicion of wron...

The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approval of the cryptocurrency law has left open. The document, prepared by the Ministry of Finance, will establish the areas of oversight and responsibilities for the Central Bank of Brazil and the national securities regulator (CVM). Brazilian Government to Issue New Crypto Regulation Decree Members of the Brazilian government are working to extend the cryptocurrency rules established by the cryptocurrency law sanctioned on Dec. 21 by outgoing president Jair Bolsonaro. According to reports from local outlets, the Ministry of Finance is working on a decree to fill in the blanks that the general formulation of the law left unaddressed. The document will have to be reviewed by executive aides of president Luis Inacio “Lula” Da Silva before getting sanctioned. The document is being prepared by Gabriel Galipolo, executive secretary of the Ministry of Finance, and by the secreta...

Gifto (GFT) currently has a market capitalization of $115,463,053 based on its circulating supply of 1 billion GFT tokens. At the time of writing GFT is trading at $0.115386, with a 24-hour trading volume of $114,697,643. The token’s price has increased by 0.60% in the past 24 hours but has declined by -5.50% over the past 7 days. GFT/USD Technical Analysis  The price of Gifto has been in a bearish move since reaching its all-time high of $0.96 in July 2018. The price has experienced a series of bearish moves escalated by the fall of the FTX crypto exchange headed by Sam Bank Fried. Since the crash of FTX, the price of GFT has been consolidated, trading along the 200-day moving average. The trading volumes are strongly bearish, indicating the price to move further south. Should the crossing of the moving averages take place, the price of GFT must break out of the consolidation to the next resistance level at $0.1578. Therefore we predict that GFT will reach $0.15 towar...

Blockchain technology — including zero-knowledge proofs — doesn’t yet provide adequate solutions for identity verification. The emergence of blockchain technology presents an opportunity to reexamine and innovate solutions used in our day-to-day life. Blockchains and, broadly speaking, the digital space fuelled by an artificial intelligence revolution urgently need to establish verifiable human identities to ensure trust, accountability and regulatory compliance. There are a variety of emerging technologies, both on- and off-chain, that could serve as the basis for a functioning trust framework. One solution, in particular, is often referred to as the holy grail of verifications — zero-knowledge Know Your Customer (zkKYC) verification. What are zk and KYC? ZK stands for zero-knowledge, a cryptography term used to create cryptographic proofs without revealing the underlying confidential information. Z-based solutions are pioneering privacy across the web. The blockchain industry fueled...

Join Our Telegram channel to stay up to date on breaking news coverage Blur, an up-and-coming Ethereum-based non-fungible token (NFT) marketplace, has launched a delayed airdrop of its native BLUR token. Blur, the second largest NFT marketplace behind market leader Open Sea, launched its platform last October and has been promising that it would doll out BLUR token rewards to its users ever since. It went as far as allocating so-called “care packages” to its users that represented a claim on upcoming BLUR tokens to be airdropped. These care packages were finally authorized for unlocking as of 1200 Eastern Time on Tuesday, allowing Blur users to claim their BLUR tokens for the first time. $BLUR is now LIVE All traders across all marketplaces in the last 3 months, Care Package holders, and Creators are eligible for the airdrop. You have 60 days to claim your BLUR ⏰ pic.twitter.com/AZynnHeIhz — Blur (@blur_io) February 14, 2023 Care package holders n...

Join Our Telegram channel to stay up to date on breaking news coverage TRON is gradually getting its bullish rating back despite the sideways action across the crypto market. TRX price steadied the uptrend after respecting support provided at $0.0625 to trade at $0.0650 at the time of writing. Resistance at $0.0664 may stand in the way of an extended upswing in the short term, but if broken TRON could quickly close the gap to $0.10. TRX Price Uptrend Intact as TRON Releases Weekly Report The TRON blockchain height has exceeded 48.44 million, according to the latest report. Similarly, the number of accounts on the protocol reached approximately 141 million while the total number of transactions on the network grew to 4.84 million. As a decentralized finance (DeFi) ecosystem, TRON supports staking with the total value locked (TVL) currently above $11.40 billion. (1) TRON DAO on Twitter: “📢#TRON Weekly Report 2.06 – 2.12 ✅#TRON blockchain height exceede...

Join Our Telegram channel to stay up to date on breaking news coverage Toncoin (TON) appears to be one of the best-performing coins in the crypto market heading into this week, which is great given that most coins are currently experiencing a downtrend. Amidst continuing regulatory pressure and record-level difficulty for Bitcoin miners, coin prices have dropped significantly as the month enters its third week. Nevertheless, there is a lot of excitement over TON, and investors would be looking to see whether it can deliver the stable gains they need. TON Stays Ahead of the Market The crypto market is starting the week on a weak note, with investor confidence declining again as coin prices drop after weeks of gains. The entire crypto market cap is currently down to just $1.01 trillion. It would be desirable for investors to see the market maintain its lead over the trillion-dollar mark, but anything is possible at this point. Major coins are also trading down, with many of th...

Core Scientific, Riot, and CleanSpark led the way in increasing Bitcoin production in January helped by better weather conditions and stable electricity prices. The first production update of 2023 from publicly listed Bitcoin (BTC) Mining companies shows a steady increase in Hash Rate and a surge in BTC production compared to the previous month, according to a new Analysis from Hashrate Index.  The majority of public miners increased their bitcoin production in January, with CleanSpark boosting it by 50%, reaching a record monthly production of 697 Bitcoins. Leading the BTC production, Core Scientific reached 1,527 coins mined in January, followed by Riot, the second-biggest producer, mining 740 Bitcoins in the month. Marathon and Cipher have seen significant increases in Bitcoin production, reaching 687 and 343 Bitcoins generated, respectively, compared to 475 and 225 in December. Public Miners: Monthly Bitcoin Production. Source: Hashrate Index and Luxor According to Bitcoin min...

A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of Russia’s largest mining operator, Bitriver. Bitriver Building Large Data Center for Cryptocurrency Mining in Buryatia, Siberia A 100-megawatt data processing center dedicated to the minting of digital coins will open this year in Buryatia, a Russian republic in south-central Siberia, the Russian Far East and the Arctic Development Corporation (KRDV) announced. The price tag of the project is about 900 million rubles (over $12.3 million), the business news portal RBC reported, quoting a press release. The launch of the facility, which will host 30,000 mining machines, is scheduled for the first half of 2023. Bitriver-B, a subsidiary of Russia’s mining giant Bitriver, has already started the construction of buildings, other infrastructure, an...

Ethereum has achieved one major development-related milestone every year. Take the case of the last couple of years. In 2021, the network underwent the London hard fork. That introduced five new Ethereum Improvement Proposals, including EIP-1559. Then, The Merge happened last year. The upgrade changed Ethereum’s consensus mechanism from proof of work to proof of stake. As far as 2023 is concerned, the community has been bracing itself for the Shanghai hard fork. The same is set to take place over the course of the next few months and intends to unlock staking withdrawals. Earlier this week, an Ethereum testnet processed its first ETH withdrawal, bringing the network a step closer to the actual upgrade. Read More: Staked Ethereum Undergoes 1st Withdrawal On ‘Zhejiang’ TestNet How to prepare for the staking withdrawal upgrade? Ethereum recently updated its staking withdrawals page. With the new upgrade, users will be able to opt-in to automatically receive their rewards...

Dogecoin and Shiba Inu have long dominated the meme coin market. Both meme coins have established thriving communities and have grown independently. Shiba Inu is known as the “Dogecoin killer,” but Dogecoin is also making a valiant effort to maintain his throne. Read more: Baby Doge Coin Climbs 120% in 7 Days: How High Can it Go in February? Through numerous collaborations, Shiba Inu and other cryptocurrencies are becoming more and more popular. Cryptocurrencies are also being accepted by various firms and merchants. Thanks to the latest collaboration between Binance and the Canadian University of Dubai , SHIB can now be utilized for tuition fee payments. #Binance helps bring crypto to @CUDUAE, a leading university in Dubai. Prospective and current students can now pay their fees, including tuition fees, with crypto. Powered by Binance Pay. pic.twitter.com/bqWuezZVKJ — Binance (@binance) February 9, 2023 Shiba Inu now accepted by a leading university in D...

Frontier partners with Concordium blockchain. This will allow Frontier users to seamlessly stake and delegate Concordium’s native token, CCD, on the Frontier wallet directly.  Concordium is a public blockchain designed to balance privacy with accountability through its ID layer. Transactions are safe and secure, unlocking a multi-trillion-dollar economy. The native coin, CCD, is used for transactions, staking, and as collateral for DeFi. With strong backing from leaders in industries like Volvo, IKEA, and Credit Suisse, Concordium is scaling to bring the benefits of blockchain to the world. As a multi-chain crypto & NFT wallet with DeFi aggregation capabilities, Frontier is on a mission to make DeFi simple, secure, and mobile. Frontier empowers users to buy, stake, earn, lend, borrow, swap, and bridge crypto assets across different chains and dApps. The list of 35+ supported chains includes Ethereum, Solana, Cosmos, and Polkadot. Avalanche, Binance Smart Chain ecosystem, and leadin...

OpenSea has a security and fraud problem and if one account holder on the NFT marketplace is right, it is negligent in protecting its customers and guilty of extortion. As prominent NFT creator, collector and venture capitalist Kevin Rose would no doubt attest, theft in the NFT space is a serious problem. He lost a part of his personal collection valued at $1.1 million in a recent phishing attack, although that was nothing to do with OpenSea. Robert Acres, as we detail below, also fell victim to an NFT phishing attack. Not as high-profile a user of OpenSea as Rose, Acres had two NFTs stolen in a phishing attack.  He alleges that far from promptly trying to help him retrieve his property and prevent resale by the thieves, as OpenSea is reported to have done with Rose, the leading NFT marketplace ended up locking Acres out of his account for three months.  During that time Acres alleges he suffered large losses on the 58 NFTs in his account because he was un...