The market for non-fungible tokens (NFTs) in the Bitcoin ecosystem is growing, but trading meme coins on the blockchain is the major factor promoting this growth. It’s vital to keep in mind, though, that NFTs have distinctive qualities that go beyond only their connection to memes to add value.
In Washington D.C., an online hoax image was shared which appeared to show a massive explosion near the Pentagon. The image was suspected to be generated through AI technology and caused a brief panic resulting in a selloff. Several online accounts rapidly shared the image, leading to market disruptions. However, the Arlington Fire Department later declared the image to be fake.
Amazon is developing a cutting-edge conversational AI search function that offers consumers personalized recommendations while shopping. The new search experience is designed to make it easier for customers to navigate the online retail giant’s vast catalog and receive tailored suggestions based on their individual preferences.
In a research report by Bank of America, analysts have noted that the cryptocurrency markets’ prospects in the near term are restricted. The report cited a challenging macro backdrop and low conviction as factors that are impeding the markets’ potential for upside growth.
The cross-chain purchase functionality offered by NFTrade is compatible with Ethereum, Polygon, Avalanche, and BNB Chain.
The Solana Foundation has announced that it has integrated artificial intelligence through a ChatGPT plugins developed by Solana Labs. This plugin is now available for download from GitHub and is expected to help in the understanding of Solana data and protocols, as well as the presentation of data regarding Solana’s computing infrastructure and DeFi projects.
TRM Labs, a blockchain intelligence company, has released a report stating that an estimated $400 million was stolen by hackers from various cryptocurrency projects in 40 attacks during the first quarter of 2023. This figure represents a 70% decrease from the same period in 2022.
Bitcoin-based non-fungible tokens (NFTs) have reached the second-highest position in NFT sales per blockchain, as reported by CryptoSlam, a Web3 data platform. This is a remarkable feat for Bitcoin NFTs, which were not in existence until inscriptions were enabled on the Bitcoin main net in January 2023.
The commemoration of Bitcoin Pizza Day has taken a negative turn as meme coin issuers have reportedly earned over $200,000 through fraudulent activities, commonly known as “rug pulls,” that are related to pizza. This unfortunate occurrence took place on the 13th anniversary of what is believed to be the initial commercial Bitcoin transaction.
During a press conference at the G7 Summit, US President Joe Biden rejected a debt ceiling agreement proposed by Republican leaders, which was said to provide advantages to crypto traders. Biden deemed the terms of the proposal as “unacceptable.”
