NFT Platforms are “Windows” That Can be Shut, Says OpenSea
NFT platform OpenSea and other such platforms are not marketplaces but are instead “windows into a gallery where your NFT is hanging”, according to one of its community managers. In an interview with Motherboard published yesterday, Ed Clements was said that the distinction was important because the artist could pull the NFT art at any time, leaving the platform to “decide whether or not they want to close their window.” His clarification came after a spate of “disappearing” NFTs has left buyers with the uncomfortable realisation that they don’t own the digital representation of the piece they have bought but instead a piece of code attributed to it.
Square has announced that it has purchased $50 million worth of Bitcoin, stating that the cryptocurrency is an “instrument of economic empowerment”. The huge purchase comes just weeks after MicroStrategy announced a $400 million Bitcoin purchase of their own and reiterates the fact that it is no longer retail speculators who are getting aboard the Bitcoin train.
Read the full article at FullyCrypto: https://fullycrypto.com/square-announces-50-million-bitcoin-purchase
“The price always goes down when I buy” is a common complaint from those in the crypto trading world who feel they have a Midas touch. Many who see their picks go immediately into the red put this down to bad luck, but there are three key behaviours that give luck a very big helping hand. Kick these into touch and you should be seeing more green than red in your crypto trading very soon.
Read the full article at FullyCrypto: https://fullycrypto.com/crypto-trading-how-to-avoid-an-instant-loss
Yesterday, iFinex, owner of Bitfinex and Tether, agreed to pay an $18.5 million fine to bring to an end a two-year investigation by the Office of the Attorney General (OAG). In her summary of the case, New York Attorney General Laetitia James outlined the wrongdoing that both companies had perpetrated, coming to the damning conclusion that Tether has gone for years without having adequate, or indeed any, backing for the USDT tokens it was printing. Instead of condemning them, the cryptocurrency community largely congratulated Tether and its lawyers for the perceived victory, displaying a stunning level of hypocrisy from a group who are often so quick to decry the actions of the scammers they say give the industry a bad name.
Read the full article at FullyCrypto: https://fullycrypto.com/tether-response-highlights-crypto-community-hypocrisy
In a world that has been turned on its head this year it is nice to see that some things stay the same – the Bitcoin ETF is back! VanEck, who have a history with Bitcoin ETFs (mainly withdrawing them), have filed with the Securities and Exchange Commission (SEC) to allow the trading of a Bitcoin ETF in what would be a seminal moment for the community, although the chances of approval remain slim.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-etf-back-in-play-thanks-to-vaneck
Bitcoin has broken out of the descending wedge it has been trapped in for almost a month and has closed above it, suggesting that the downtrend is broken and the bull run might be about to continue. This would be bad news for alts, although there may be some life left in them yet, as long as Bitcoin doesn’t repeat its heroics of late 2020.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-breaks-key-resistance-and-eyes-40000
Would you buy a tweet? That’s the concept created by Valuables, a project that offers individuals the chance to buy a “digital certificate” of a tweet via a non-fungible token (NFT) that they can...not do much with. It’s more complicated than that of course, but why on Earth should you buy a tweet, and what do you get for your money? Our guide answers all.
Read the full article at FullyCrypto: https://fullycrypto.com/would-you-buy-a-tweet-you-can-with-valuables
Ethereum has introduced a new smart contract language for the first time since its development in 2013. Fe, pronounced Fee, takes its name from the chemical element iron in the periodic table, and has been created to allow more choice for developers who might already be familiar with other languages like Rust and Python. The language should be ready for demonstration at the end of this year and will roll out fully in 2021.
Read the full article at FullyCrypto: https://fullycrypto.com/ethereum-introduces-fe-smart-contract-language
OKEx is to integrate the Lightning Network onto its platform in a sign that the Layer 2 solution is finally coming of age. The Malta-based exchange, which calls itself the biggest in the world, announced the move yesterday, stating that implementing Lightning Network technology would offer huge improvements over bitcoin transaction time and fees. The development is the biggest in Lightning Network’s history and shows that mainstream adoption might finally be on the horizon for the six year old project.
Read the full article at FullyCrypto: https://fullycrypto.com/lightning-network-to-be-implemented-on-okex
Ethereum 2.0 will launch Phase 0 on December 1, the first of four planned phases that will gradually see the five year old network shedding its skin and revealing a glittering new layer underneath. The network will be faster, leaner, and less energy intensive among other improvements, but what are the key benefits that Ethereum 2.0 will have over its predecessor? Our Ethereum 2.0 beginners guide outlines the key differences between the old network and the upgrade.
Read the full article at FullyCrypto: https://fullycrypto.com/ethereum-2-0-a-beginners-guide