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The largest marketplace for non-fungible tokens (NFTs), Opensea, has announced major changes to its fee structure and policies in response to a shift in the NFT ecosystem. The company detailed that it will drop fees to zero for a limited time and offer an optional creator earnings model with a minimum of 0.5% for all collections that do not use onchain enforcement. Opensea Drops Fees While Facing Tough Competition from Rivals Like Blur, Looksrare, and X2Y2 Opensea, the NFT marketplace, announced on Friday that it is dropping fees in response to a major change that started in October 2022. “We began to see significant volume and users migrate to NFT marketplaces that do not fully enforce creator earnings,” Opensea said. “Today, that shift has accelerated dramatically despite our best efforts.” Opensea pointed out that roughly 80% of the total ecosystem volume is not paying full creator earnings, and most of the sales volume has moved to a no-fee environment. Th...

Join Our Telegram channel to stay up to date on breaking news coverage The broader crypto market is still recovering, and Kava Lend’s HARD token isn’t far behind. The digital asset has seen a price increase of 5.68% in the last 24 hours and a steady surge of 23.6% in the last 30 days. Will HARD be able to hit and surpass its all-time high of $3 soon? Kava Lend is a decentralized cross-chain money market that enables borrowing and lending between several blockchains. By investing in the Kava Lend Protocol, lenders can earn a yield, and borrowers can use collateral to get the money they need. Kava uses DeFi’s most reliable, scalable, and secure earning platform to connect the world’s largest cryptocurrencies, ecosystems, and financial applications. With an easy-to-use interface and the assurance of institutional-grade security and quality, Kava enables users to mint stablecoins, lend, borrow, earn, and swap across the world’s largest crypto assets. ...

Shiba Inu recently made headlines due to a rise in burn rate of more than 10129% in a single day. In 2023, this was one of SHIB’s occasional triumphs. In recent months, Shiba Inu has had variable burn rates. On some days, the burn rate is extremely high, while on others, it is substantially lower. The community has also called out the developers for the varying burn rates. However, Shibarium was believed to be the game-changing upgrade that was set to take the burn rate to a higher level. Now, after a few days of varying burn rates, the burn rate has shot up by 435% in the last 24 hours. Around 23.2 million SHIB were sent to dead wallets during this period. Source: Shibburn The majority of the burns happened over four transactions that involved two transactions of 5.2 million SHIB each and the other two of 1 million and 11.4 million SHIB. Shiba Inu price spikes by 25% The meme coins have been on a sprint, as Floki Inu and Baby Doge Coin have put on an outstand...

The initiative promises to provide Web3 startups with access to corporate, government, and investment partners in both global markets and the UAE. Abu Dhabi's technology ecosystem, Hub71, has announced a new initiative called "Hub71+ Digital Assets," with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as, corporate, government, and investment partners in both global markets and the UAE. The Hub71+ Digital Assets initiative said it intends to provide Web3 startups with access to a state-of-the-art blockchain and virtual asset infrastructure, as well as a progressive regulatory environment. This initiative will be based at Hub71 in Abu Dhabi Global Market (ADGM). As an anchor partner of the initiative, First Abu Dhabi Bank's research and innovation center FABR...

The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work. Cryptocurrency exchanges Binance and Huobi have again frozen accounts linked to the $100 million Harmony Horizon bridge attack on Jun. 24, 2022.  Around $1.4 million worth of crypto frozen by the trading platforms came from accounts linked to the notorious Lazarus Group operating out of North Korea. The investigation was carried out by blockchain analytics firm Elliptic, according to a report shared by the firm on Feb. 14. However, the firm didn’t state what coins or tokens were frozen. Exchanges @binance and @HuobiGlobal today froze accounts containing $1.4 million stolen by North Korea’s Lazarus Group. This was made possible thanks to intel from Elliptic’s real-time investigations tools and a swift response by the receiving exchanges.https://t.co/f5bVpm8yfH — elliptic (@elliptic) February 14, 2023 Elliptic explained it passed o...

Join Our Telegram channel to stay up to date on breaking news coverage Within the last 24 hours, the crypto market has experienced slight bullish support. While major market movers like Bitcoin are leading the charge, altcoins like LEO have joined the bullish run. Since gains have been few and far between, investors are considering whether this is a good time to purchase LEO. LEO Price Update The cryptocurrency market is currently experiencing yet another day of mixed results. While coin prices remain low, the broader market has reclaimed the $1 trillion capitalization spot, and major coins have been regaining lost gains, though many have been trading down in the past day. Nevertheless, LEO has still managed to be one of the few coins to post gains. The crypto asset, which currently trades at $3.32, is experiencing an uptrend of 0.41% in the past 24 hours. Compared to the broader market, which lost 2.34% during the same period, LEO is doing well. Despite its price gain, LEO ...

Elon Musk stated in a tweet on August 17, 2022, that he is buying Manchester United . However, the joke became headline news as the statement was taken seriously by many. It even gave birth to a fake Manchester United fan token that surged by 3,000%. Also, I’m buying Manchester United ur welcome — Elon Musk (@elonmusk) August 17, 2022 However, in a later tweet reply, he confirmed that it is a long-running joke on Twitter and that he is not buying any sports teams. Perhaps, according to the latest report from the Daily Mail, the billionaire is reportedly monitoring the acquisition and looking into the opportunity. The details were revealed by the source who is aware of Musk’s interests. Elon Musk was also pictured at the Super Bowl game The Tesla CEO was also present at yesterday’s Super Bowl game, which in turn raised suspicion about his interest in making the £4.5 billion acquisition. With the bidding to be closed on Friday, seve...

Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB are now quite common, and demand for Ordinal inscriptions has risen as they have surpassed 65,000 this weekend. Sustained Use of Blocks Larger Than 3 MB Continues on the Bitcoin Blockchain Observers saw history made on Feb. 1, 2023, when Luxor mined the largest block in the Bitcoin blockchain. The record-breaking block (#774,628), measuring 3.96 MB, surpassed the previous record set on Aug. 11, 2022, when Antpool discovered block #748,918, which was 2.765 MB in size. At that time, there were fewer than 1,000 ordinal inscriptions on the Bitcoin blockchain, but the trend rapidly increased to reach 50,000 inscriptions by Friday. By Sunday afternoon on Feb. 12, over 66,000 inscriptions had been recorded. Dune Analytics data recorded on Feb. 12...

Building a successful career in the metaverse requires a combination of technical, creative and business skills. A career in the metaverse involves developing and designing virtual environments and experiences within a virtual world. Creating virtual characters, objects and interactive experiences is one example of this. There are job prospects in software development, content creation and project management in this expanding profession, which includes disciplines, such as game design, 3D modeling, virtual reality (VR) and artificial intelligence. Related: How to learn Web3 development for beginners Building a career in the metaverse requires a combination of technical, creative and business skills. Below are some of the key skills needed to succeed in this field. Skills required to build a career in the metaverse The skills required to build a career in the Metaverse include: Technical skills First and foremost, having a solid grasp of technology is essential. In addition to having ...

The cryptocurrency markets witnessed a correction, with the global market cap falling 4.3% in the last 24 hours. Shiba Inu (SHIB), the popular canine-themed cryptocurrency, followed the trend with a 7.6% fall on the daily charts. The plummet follows the SEC’s actions against Kraken and its staking initiatives. The exchange was fined $30 million while being barred from offering staking services to retail investors. Shiba Inu’s (SHIB) on-chain metrics also indicate bearishness for the time being. According to the data on IntoTheBlock, SHIB’s network growth has fallen by 0.62%. Additionally, the number of investors who are in the money has dropped by 3.19%. Even large transactions have fallen by 3.99%. All indicators point to a bearish outlook for the popular asset. Source: IntoTheBlock Additionally, according to Messari, Shiba Inu’s (SHIB) volatility is on the rise. This is in accordance with the recent price shifts in the market. Source: Messari Are in...

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction loses traction as BTC heads to the south; losses are likely to continue should it break additional supports. Bitcoin Prediction Statistics Data: Bitcoin price now – $21,904 Bitcoin market cap – $422.3 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $25,000, $27,000, $29,000 Support Levels: $20,000, $18,000, $16,000 Since the past few days, traders can easily see that BTC/USD is back in the red zone posting major losses of 4.62% on the day after commencing the trading at $22,963. However, the market movement has an intraday high of $23,011; although the world’s largest crypto touches the support level of $21,700 before going back to where it is currently trading at $21,904. Bitcoin Pri...

Join Our Telegram channel to stay up to date on breaking news coverage NEAR price was consolidating inside a bullish triangle while trading above key support areas. The technical setup favored the upside as buyers fixed their eyes on %3.70. It is expected that the recent developments that Near Protocol had partnered with Ready Player DAO would provide the tailwinds needed to scale NEAR higher. Near Protocol’s Collaboration With Ready Player DAO To Fuel The Uptrend The Near Foundation has entered a partnership with Ready Player DAO, one of the world’s top Web3 gaming ecosystems, to advance blockchain-based gaming on the Near Protocol.  We're putting down our gamer fuel and dusting off our cheese-puff-laden fingers to partner with @ReadyPlayerDAO #Web3 gaming is coming home. To #NEAR 🫶 https://t.co/InmFT02OQI — NEAR Protocol | Create Without Limits (@NEARProtocol) February 8, 2023 According to the announcement , the collaboration is aimed at al...