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The value of popular NFTs has sharply declined over the past year, with drops of up to 95%. In this week’s newsletter, read about some of the most popular nonfungible token (NFT) collections and top metaverse properties taking massive price hits in 2023. Check out how the Hong Kong Police Force launched its own metaverse platform, and how Reddit’s digital collectibles have managed to onboard almost 10 million users to the crypto and NFT space. In other news, infamous crypto hater Peter Schiff has launched his own NFT collection on Bitcoin Ordinals.  Popular NFT collections take massive price hit in 2023 The value of popular NFTs from 2022 has plummeted over the past year. NFTs like Doodles, Invisible Friends, Moonbirds and Goblintown have seen their Ether (ETH) value drop by as much as 95%, while even blue-chip NFT collections have experienced an average decrease of over 40%. Despite these losses, NFT investors remain undeterred. The number of blue-chip NFT holders has increased

In-depth market analysis and implementing automated trading bots can help Bitcoin traders maximize profitability and minimize risk. Trading Bitcoin (BTC) is not easy, given the relatively high volatility of the cryptocurrency, its low correlation to other asset classes, and its reaction to various factors that can come from both the crypto industry and traditional finance. Like the U.S. dollar and other fiat currencies, which are mostly driven by macroeconomic factors, cryptocurrencies like Bitcoin can become volatile when the Federal Reserve surprises with its interest rate decision. However, Bitcoin can also react to the collapse of a major crypto exchange like FTX. Therefore, it’s difficult to predict where the next big trigger may come from, which is why Bitcoin traders should pay closer attention to market analysis on all fronts. Where is Bitcoin today and what to expect? In 2023, Bitcoin experienced a period of recovery, with the price starting the year near $16,500 and peaking

Non-fungible tokens hosted on the flagship crypto network “Bitcoin” continue gaining mainstream adoption among investors and collectors. The newly launched Wall St Bulls NFTs is one of the ordinal collections showcasing the strong potential of making higher returns amid the recent NFT market hype. Launched on Friday last week, the Wall St Bulls is a non-fungible token collection featuring 420 NFTs hosted on the Bitcoin network. Wall St Bulls Ordinals were created on 690,000 inscription blocks and are now live on the Magic Eden NFT marketplace. WSB ORDINALS AVAILABLE NOW ON MAGIC EDEN 420 COLLECTION ON THE 690,xxx BLOCK GET YOURS NOW, WHISLT YOU CAN:https://t.co/7hSxd2YJy4 pic.twitter.com/Ge85Si5qKl — Wall St Bulls (@wallstbullsNFT) May 29, 2023 Bitcoin Ordinals On The Rise – Buy Wall St Bulls Ordinals Recently, Bitcoin NFTs have been taking the crypto and the NFT community by storm, with the inscribed ordinal surpassing the 10 million mark. However, it’s worth noting that not

The crypto -verse was celebrating after Bitcoin [BTC] revisited the $28K zone. However, the celebrations were soon halted as the asset corrected itself back to $27K. While the king coin lingers around these price levels, BTC was trading at a different zone at Binance Australia. Bitcoin has been noted as trading at discounted prices on Binance’s Australian platform. Currently, the price of one Bitcoin stands at approximately $22,000 when purchasing with Australian dollars. Source As seen in the above image, one Bitcoin was priced at $33,750 AUD. This is about $21,987 or 21% lower than the global spot rate. Bitcoin is currently trading for $27,805 with a 0.77% daily drop. Typically, there would be a rise in purchases of the king coin. But why isn’t there an abrupt buying spree? Binance Australia users flee It is important to highlight that there is a limitation on the reduced prices at which Bitcoin is being traded. Since May 18, the option to make bank transfers for deposits was su

Tranglo x Al Ansari Exchange The UAE is known for its multicultural environment and expat-friendly laws, their outward remittances reached an impressive USD 47.54 billion in 2021, as per World Bank. Al Ansari Exchange holds a dominant position in the UAE’s remittance market. advertisement Tranglo Group CEO, Jacky Lee, expressed enthusiasm about the collaboration, stating, “I am excited about the collaboration with Al Ansari. I am confident that the partnership will improve the cross-border payment experience in the UAE and, by extension, the GCC region. Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange highlighted the growing demands of customers and the need for cutting-edge technology and innovative solutions. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read

Also Read: Why LBRY Latest Court Filing Is Critical For XRP Case Judgement? advertisement Short Sellers To Be Charged? As per a report, the chief of the DOJ’s market integrity team made crucial comments on the short selling practice. This comes in when the U.S. regional banks stocks witnessed a massive sell off in the past few months. However, three mid size U.S. banks collapsed in just five days in the month of March 2023 triggering a sharp decline in global bank share prices. Avi Perry, a Justice Department official reportedly stated that Short selling, including via options, is a top concern for prosecutors. He warned the market of more activity over short sellers ahead. However, he hinted that actions against officials using corporate trading plans to manipulate the market. The report mentioned that U.S. Securities and Exchange Commission (SEC) and DOJ have extensively investigated the manipulation done by short sellers, including hedge funds, s

As the Dollar breaks into new heights, Warren Buffet sells more than $13 billion in stocks- a signal he is PR eparing for a stock market crash. And the momentum within the crypto space has rapidly swung towards utility tokens instead of speculative assets. In a high-rate recessionary environment, utility and consumer staple stocks outperform tech stocks, and in a bearish trend, utility tokens outperform memecoins. Investors must recognize market patterns and adapt accordingly, hence why analysts have predicted the Collateral Network (COLT) presale will overtake Shiba Inu (SHIB) and Dogecoin (DOGE) in 2023. BUY COLT TOKENS NOW The Changing Landscape Shiba Inu (SHIB) and Dogecoin (DOGE) have recently suffered two significant blows: the rapid proliferation of competition and the change in market sentiment. Shiba Inu and Dogecoin rely on attention as their currency, and engagement in the modern era front runs capital. Where attention goes, liquidity will inevitably follow. M

In a recent Twitter outburst, cryptocurrency advocate John E. Deaton issued a scathing rebuke towards Bitcoin maximalists supporting the actions of Gary Gensler, Chair of the Securities and Exchange Commission (SEC). Deaton accuses them of abandoning their libertarian views on government overreach for the sole purpose of channeling more money into Bitcoin​​. Deaton also referenced an article from journalist Eleanor Terrett that sheds light on why some Bitcoin maximalists may sympathize with Gensler. Despite many in the Bitcoin community having techno-libertarian leanings, a sentiment exists among some Bitcoiners, or “maxis,” that Bitcoin is the only true cryptocurrency, while all others are, at best, imitations, at worst scams. However, not all Bitcoiners agree with this stance. Some fear that “weaponizing the state” may invalidate the legitimacy and reputation of American financial markets. Regardless, the consensus seems to be that Bitcoin and its operations should not ex

Ontology partners with Alchemy Pay to integrate it’s On and Off Ramp. Ontology is a blockchain network focused on enhancing trust, privacy, and security in Web3. Offers decentralized identity and data solutions. Through Alchemy Pay’s plugin, dApps and platforms on Ontology can seamlessly and rapidly integrate. It is enabling users worldwide to directly buy and sell cryptocurrencies using their preferred local fiat payment methods. In addition, both the Ontology ($ONT) and Ontology Gas ($ONG) tokens have already been included in Alchemy Pay’s ramp, enabling users to directly acquire them using fiat payments. These tokens play a crucial role in supporting Ontology’s scalability and facilitating fast, high-volume, and cost-effective transactions. Alchemy Pay’s payment gateway supports Visa and MasterCard payments in 173 countries and Apple Pay. It also includes Google Pay, various domestic transfers, and popular mobile wallets in emerging markets. With its robust support for more than 30

Officials Split On Interest Rate Hikes According to the minutes, officials expressed divergent opinions on the need for further interest rate hikes. The economic forecast presented by the staff to the FOMC was indicative of the fact that tightening in bank credit conditions, along with existing financial constraints, would likely result in a mild recession followed by a moderate recovery later in the year. advertisement Read More: Do Kwon’s $473K Bail Scrapped, To Remain Behind Bars In line with expectations, the Federal Reserve raised key interest rates by 25 basis points to a range of 5.00% to 5.25% in May. Interestingly, participants in the meeting agreed on the soundness and resilience of the U.S. banking system. They did also express concerns that tighter credit conditions for households and businesses could dampen economic activity, hiring, and markets. However, the extent of these effects remained uncertain, according to the minutes. Concerns Over

Popular crypto influencer Crypto Eri recently highlighted some questionable aspects of the Securities and Exchange Commission’s priorities for this year. According to the Commission’s examination priorities for 2023, particular focus will be given to new or never before examined registrants offering crypto or crypto-related assets. Crypto Eri took to Twitter earlier today to tell her nearly a quarter million followers about the ambiguous language used by the securities regulator in its 2023 priorities. According to the influencer, the SEC cast a very large net for regulation in its 2023 playbook, because no crypto exchange has registered with the securities regulator. According to Crypto Eri, since no exchange has registered, the SEC’s priorities for this year will let it continue regulating crypto entities through the enforcement of policies. The SEC stated that “examinations of registrants will focus on the offer, sale, or recommendation of, advice regarding and trading i

Are you a Dollar General person who is looking for a different way to buy household items or groceries? If so, are you looking to use the Apple Pay service as a payment method at the retail giant? This is definitely not good news for Apple fans, as Dollar General doesn’t accept Apple Pay . This means that you can’t use your iPhone, Apple Watch, or other Apple devices to pay for your favorite shopping bag at the American Variety Store chain. If you are shopping at Dollar General and want to know whether Apple Pay is accepted or whether they started accepting Apple Pay , read ahead. Source: Wall Street Journal What is Apple Pay, and How Does it Work? Apple Pay is a digital wallet service that allows users to store their credit and debit card information on their Apple devices. This makes it easy to make payments without carrying a physical card. To use Apple Pay, you must set up Apple Pay, and add your card information to the Wallet app on your iPhone or other Apple dev

Binance, one of the leading cryptocurrency exchanges, has confirmed its support for the upcoming network upgrades of Fetch.ai (FET) and Terra Classic (LUNC). The upgrades are set to enhance the functionality and performance of these blockchain networks, providing users with improved Features and stability. The Fetch.ai (FET) network upgrade is scheduled at the Fetch.ai block height 11,235,813, estimated to be around 2023-05-23 13:00 (UTC). In preparation for the upgrade, Binance will temporarily suspend deposits and withdrawals of FET starting from 2023-05-23 at 12:00 (UTC). However, it’s important to note that trading of FET will continue uninterrupted during this period. Similarly, the Terra Classic (LUNC) network upgrade will occur at the Terra Classic block height of 12,902,400, expected to be around 2023-05-23 22:00 (UTC). Binance will temporarily suspend deposits and withdrawals for LUNC and USTC via the Terra Classic network, starting from 2023-05-23 at 21:30 (UTC).

Inflation and a tight job market may push US Federal Reserve to continue hiking rates. Fed Chair Jerome Powell’s speech last week failed to give a clear direction. Moreover, Dallas Fed President Lorie Logan, Fed Governor Philip Jefferson, New York Fed President John Williams, Federal Reserve Board Governor Michelle Bowman, and others agree with raising interest rates further. advertisement US Fed to Likely Raise Interest Rates Over 6% Federal Reserve Bank of St. Louis President James Bullard on May 22 said the central bank will need to raise interest rate s twice this year before a pivot. The Federal Open Market Committee has raised rates aggressively to a range of 5% to 5.25%. Meanwhile, Minneapolis Fed President Neel Kashkari also believes raising interest rate s over 6% to curb inflation. He said even if Fed skip the rate hike in June, it shouldn’t be considered as a pause or a pivot as inflation has not reached the target. “I think right now it’s a close ca