Bitcoin News Thebittimes.Com

Is NFT Safer than Crypto? Exploring the Security of Digital Assets The world of digital assets has gained significant attention in recent years, with cryptocurrencies and non-fungible tokens (NFTs) taking center stage. As more people delve into this new frontier, questions arise about the safety and security of these digital assets. In this article, we will explore the security aspects of NFTs and cryptocurrencies, providing insights into their strengths and vulnerabilities. Also read: Stablecoins Account for 86% of Transfer Volume: NFTs, Gaming Chip In 0.18% Source: NFT News Pro Understanding NFTs and Cryptocurrencies Before we delve into the security aspects, let’s briefly recap what NFTs and cryptocurrencies are. NFTs, or non-fungible tokens, are unique digital assets that represent ownership of a specific item or piece of content. These can range from digital art to music, videos, collectibles, and even real estate. NFTs are built on blockchain technology, wit...

On the valuation front, Bitcoin is miles ahead when compared to Ethereum. While the former boasted of a market cap of around $584.7 billion at press time, the latter flashed a value of $223.5 billion. Even though Ethereum’s valuation is not even half of Bitcoin’s, ‘flippening’ discussions have been going on for quite some time. Ethereum community members strongly believed that the displacement is bound to happen one day, given the project’s strong fundamentals. On the development activity front, for instance, Ethereum possesses the baton, despite slowing down its pace over the past few months. Bitcoin’s activity, on the other hand, has noted an uptick. Even so, when compared, it is nowhere close to Ethereum. Source: Sanbase Also Read: Bitcoin Ordinals NFT Inscriptions Surpass 153K: Developer Ports It to Litecoin The culture of ‘doing things’ on Bitcoin Ordinals have proved to be a game changer for Bitcoin. They debuted on Bitcoin i...

Blur Launches Blend NFT Protocol According to the white paper for the project, the protocol permits perpetual lending. This means that loans do not have a predetermined date when they must be repaid, thereby “allowing borrowing positions to remain open indefinitely until liquidated, with market-determined interest rates.” advertisement Read More: Experts Predict More Bank Runs, Will FED Hike Interest Rates? As per the inner workings of the protocol, borrowers have the ability to repay their loans at any moment, while lenders have the option to pull out their positions by initiating a “Dutch auction to find a new lender at a new rate”. In the event that the auction is not successful, the borrower’s assets will be liquidated, and the lender will assume ownership of the collateral. Blend To Charge Zero Fees NFT marketplace Blur stated that the product was developed in conjunction with Dan Robinson, who is the head of ...

A new class action lawsuit has been filed against CryptoZoo and Logan Paul for allegedly stealing millions worth of cryptocurrency through a “fraudulent venture.” The plaintiff, Don Holland, contended that Paul and executives at CryptoZoo executed a ‘rug pull’. The official filing detailed that the team allegedly promised NFT purchasers a host of benefits, including access to cryptocurrency assets. Other incentives included rewards and access to an online ecosystem to use and market CryptoZoo NFTs. However, the team ended up turning their back on the project and retained funds, the filing noted. We have officially filed a class action lawsuit in the Western District of Texas against Logan Paul et al. for the CryptoZoo fiasco. (This is in addition to the numerous cases heading to arbitration on the matter.) pic.twitter.com/BIC5v63TGZ — AttorneyTom (@attorney_tom) February 2, 2023 Also Read: Here’s How Logan Paul ’s Crypto Dreams C...