NFT News Official TheBitTimes.com

With the SDK, Hedera wants to bring more stablecoin applications, sparing developers from blockchain hurdles. Hedera, an open-source, leaderless proof-of-stake network, is set to compete with blockchain giants like Ethereum (ETH) in deploying stablecoins with a new toolkit. In a blog post on Sept. 14, Hedera revealed a new open-source tool to build stablecoin applications on its network. The SDK named Stablecoin Studio supports 3rd-party data sources and API integrations with pre-determined custody and KYC/AML providers, allowing stablecoin issuers to provide public disclosures of collaterals. “For stablecoin s to be widely adopted into mainstream payments and usage, stablecoin issuance and management needs to be customizable for any and all use cases.” Shayne Higdon, co-founder and CEO of the HBAR Foundation Hedera says Shinhan Bank and SCB TechX already have a stablecoin remittance proof-of-concept (PoC) using Stablecoin Studio. You might also like: Hed...

The Federal Bureau of Investigation (FBI) recently issued a warning to potential NFT buyers to beware of bogus websites that use “drainer smart contracts” to steal from crypto wallets. The advisory informs the public about a new crypto scam where the culprits masquerade as legitimate developers to target crypto users looking to buy non-fungible tokens (NFTs). FBI warns of scammers posing as NFT devs to steal your crypto https://t.co/Cf1ZDxQIeD — Edmundo Opoka (@Aline4yW0) August 5, 2023 The scammers either hack social media accounts belonging to real NFT projects or create near-identical profiles capable of misleading casual observers, the FBI says. They then use these accounts to promote fake NFT releases. The posts use compelling language that often stresses terms like “limited supply” to create a false sense of urgency. The links on the posts can direct potential victims to phishing websites that have been made to look like extensions of actual NFT projects...

Through a new initiative, Cointelegraph Accelerator and the bitsCrunch Startup Program aim to help startups in the NFT data space by providing free data tools. As nonfungible token (NFT) trading volumes begin to pick up again in Q1 2023 and marketplaces battle it out for a piece of the pie, more projects are coming into the space to assist market actors with infrastructure and analytical tools. And with evidence of wash trading and other abuse by bad actors becoming apparent, there is a demand for forensic tools to aid traders and investors in making informed, financially secure decisions. Cointelegraph Accelerator is assisting in further developing the NFT sector by teaming up with bitsCrunch’s startup program to help Developers and Startups in their journey. Through the joint initiative, members will participate in and reap the benefits of both initiatives. Founded in 2013, Cointelegraph is a long-standing player in the world of cryptocurrency and blockchain media. Cointelegraph Acc...

The upgrade will enable staked ETH withdrawals on the Beacon Chain, completing Ethereum's transition to a PoS consensus. A target date for the highly anticipated Shanghai hard fork has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16. Initially estimated for late March, the Shanghai mainnet upgrade Features five Ethereum Improvement Proposals (EIPs), including EIP-4985, which will enable staked Ether (ETH) withdrawals on the Beacon Chain, completing Ethereum's transition from Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus. The target date April 12 at 10:27:35 PM UTC, epoch 620,9536, will now be confirmed by developers on GitHub. The fork was initially forecasted for March, but developers later pushed it back to early April. 6209536 4/12/2023, 10:27:35 PM UTC — timbeiko.eth (@TimBeiko) March 16, 2023 Validators will receive rewards payments automatically at periodic ...

Join Our Telegram channel to stay up to date on breaking news coverage Solana (SOL) price plummets due to abandonment by developers as Cardano (ADA) sharks accumulate $83 million. Snowfall Protocol (SNW) surges to $0.14 In recent weeks, the cryptocurrency market has been volatile with some coins experiencing significant losses and others gaining heavily. Solana (SOL) has seen a major drop in value, while Cardano (ADA) has seen a surge in accumulation by large holders.  Snowfall Protocol (SNW) has experienced a multifold growth in price . In this article, we will explore the factors behind these develop ments and how they may impact the future of these cryptocurrencies. Solana (SOL) market value plunges from $1.06 trillion to $830.9 following FTX collapse Solana (SOL) has had a rough year in 2022. After reaching its all-time high of $259 in 2021, the cryptocurrency has lost a significant portion of its value, dropping 95%. Like many other cryptocurrencies, Solana (SOL) has ...