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Your NFTs Are Actually -- Finally -- Totally Worthless

New report from industry researchers finds that 95 percent of the once-hyped crypto assets have hit rock-bottom valuation

“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.

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The “Dead NFTs” report observes that the nearly 200,000 NFT collections “with no apparent owners or market share” identified by the study caused carbon emissions equivalent to the annual output from 2,048 houses, or 3,531 cars.

The Top 10 Most Notorious Bitcoin Hacks in Crypto History.

In this article, we delve into the top 10 notorious Bitcoin hacks that have shaped the narrative of cryptocurrency security.

Crypto Wallet Market Segmented On The Basis Of Type, Operating System, Application, End-User, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 17 Oct 2023: The Report Crypto Wallet Market Size, Share & Trends Analysis Report By Wallet Type (Hot Wallets, Cold Wallets), By Operating System (Android, iOS), By Application, By End-user, By Region, And Segment Forecasts, 2023 – 2030 The global crypto wallet market size is expected to reach USD 48.27 billion by 2030, growing at a CAGR of 24.8% from 2023 to 2030, according to a…

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Bitcoin Inscriptions: Security Flaw Flagged as Cybersecurity Risk by NVD

The National Vulnerability Database (NVD) has raised concerns about a security flaw in Bitcoin’s inscriptions, which was exploited in 2022 and 2023 by a protocol called Ordinals. This vulnerability allows data to be hidden as code in certain versions of Bitcoin Core and Bitcoin Knots. The NVD is a database managed by the National Institute of Standards and Technology (NIST), which highlights cybersecurity risks for public awareness.

This vulnerability could have a significant impact on the Bitcoin network. It may lead to an influx of non-transactional data flooding the blockchain, causing network congestion, slower processing times, and increased fees. Bitcoin Core developer Luke Dashjr raised the issue on X (formerly Twitter), comparing it to receiving junk mail that slows down the process of finding important messages.

Ordinals, a protocol introduced in late 2022, made data embedding more popular in Bitcoin. It allowed unique digital arts to be directly embedded into Bitcoin transactions, similar to nonfungible tokens (NFTs) on the Ethereum network. However, the volume of Ordinals transactions has led to network congestion and increased fees. If the vulnerability is patched, it could restrict Ordinals inscriptions on the network, potentially affecting the existence of Ordinals and BRC-20 tokens. Existing inscriptions, however, would remain due to the immutability of the network.

To read the full article, click here.

Unmasking Satoshi Nakamoto: Bitcoin’s Mysterious Creator

This article explores the origins of Bitcoin, delves into the characteristics of Satoshi Nakamoto, and examines the top five suspects who have been speculated to be the elusive creator.

https://coinmystique.com/the-subsequent-gen-crypto-combining-the-strengths-of-dogecoin-ethereum-and-cardano/?feed_id=8582&_unique_id=6522a85eb73d7

Bitcoin Spark has emerged as a pressure within the crypto area, skillfully mixing the distinctive options of Dogecoin, Ethereum, and Cardano.Unraveling the Significance of AltcoinsEarlier than going deep into what Bitcoin Spark has in retailer for the crypto area, let’s have a look at what altcoins are. Altcoin is the short-term time period for Various coin. Cryptocurrencies exist as the choice to the main cryptocurrency, Bitcoin. Whereas Bitcoin stands its floor, altcoins supply distinctive options and improvements catering to our digital financial system. Because the crypto area broadens, altcoins play a significant function in pushing the boundaries of technological improvements.The Emergence of Bitcoin Spark Amongst all altcoins, Bitcoin Spark stands out with its progressive strategy to blockchain know-how. It makes use of an all-new Blockchain know-how known as the Proof of Course of consensus mechanism for its exercise.Let’s get into the distinctive function from the triad that shapes Bitcoin Sparks’ identification.Drawing from Dogecoin’s Group SpiritDogecoin began as an Web meme, blossoming right into a cryptocurrency with an energetic neighborhood and widespread recognition. The welcoming values of the Dogecoin neighborhood, mixed with its pleasant branding, have left an imprint in folks’s hearts. By constructing a welcoming and interesting neighborhood, Bitcoin Spark desires to democratize entry to cryptocurrencies and promote broad adoption.Integrating Ethereum’s Good Contract FrameworkEthereum launched the idea of Good Contracts. These self-executing agreements created a safer path for decentralized purposes and automatic transactions—Bitcoin spark keys into this by implementing a layered Good Contract Execution system. With Bitcoin Sparks sensible contract execution system, builders can create sensible contracts utilizing totally different programming languages, making it a bit extra versatile, thereby rising the opportunity of creating dApps within the Bitcoin Spark community.Inheriting Cardano’s Scientific PrecisionCardano is thought for its scientific and research-driven strategy that has taken the blockchain area to better heights. Bitcoin Spark adheres to Cardano’s values by incorporating practices that enhance effectivity, scalability, and real-world practicality into its ecosystem.Amidst all these, crypto fanatics nonetheless ponder whether or not Altcoins have a future.Do Altcoins Have a Future?Throughout the cryptocurrency neighborhood, the long run course of altcoins causes arguments and controversies. Whereas Bitcoin stays the business’s pioneer, altcoins have proven sturdiness and adaptation by fixing particular use instances and technological challenges.  Bitcoin Spark and different altcoins showcase the precise potential of the altcoin universe and will not be only a duplication of Bitcoin achievement; as an alternative, BTCS is a mix of various distinctive altcoins to create a brand new era of cryptocurrencies that caters to varied clients and multifaceted use instances.ConclusionThe formidable endeavor of Bitcoin Spark to merge the qualities of Dogecoin, Ethereum, and Cardano exemplifies the spirit of innovation that drives the cryptocurrency business.Whereas the long run course of altcoins is unknown, Bitcoin Spark is a beacon of potentialities, showcasing the extraordinary prospects within the ever-changing cryptocurrency ecosystem.To get aware of Bitcoin Spark:Web site: https://bitcoinspark.org/ Purchase BTCS: https://community.bitcoinspark.org/registerSupply: https://www.analyticsinsight.internet/bitcoin-spark-the-next-gen-crypto-combining-the-strengths-of-dogecoin-ethereum-and-cardano/

Bitcoin wipes nearly a week of gains in 20 minutes, falling under $41K

The price of Bitcoin (BTC) briefly fell below $41,000 following a sudden 6.5% drawdown from $43,357 to as low as $40,659 in just 20 minutes at 2:15am on Dec. 11 (UTC).  At the time of publication, Bitcoin was trading slightly up from the local low at $41,960 per TradingView data.  According to data from CoinGlass the brief drop caused more than $271 million worth of long positions to be…

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Unveiling the Future Of Payments Through Next-Generation Fintech Solutions

Dive into the future of payments with our exploration of innovative fintech solutions. Discover the next generation of transactions today.

The future of payments is not just knocking on the door; it’s here, revolutionizing how we transact daily. Our latest blog post delves into the innovative fintech technologies reshaping the payments industry.

Read on to explore how next-generation fintech solutions democratize access to financial services and make transactions as easy as a tap or a click. If you’re a professional in the financial sector, a tech enthusiast, or someone curious about the future of payments, this piece offers thought-provoking insights for everyone.