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.”
Meta, the parent company of Instagram, reportedly shared its intention to launch a text-based messaging application during a confidential meeting with a limited number of creators.
The NFT auction for some of the collections of Three Arrows Capital’s (3AC) bankrupt Singaporean cryptocurrency hedge fund concluded on May 19, generating $2.5 million.
According to the most recent analysis of Litecoin’s price, there is a bearish trend despite its attempts to exceed the resistance level of $92.8.
