Analysis Crypto by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage The Solana Foundation, a non-profit organization committed to the decentralization, adoption, and security of the Solana network, has recently announced a groundbreaking development. The Solana blockchain has become the first Layer 1 blockchain to integrate artificial intelligence (AI) with the help of a ChatGPT plugin developed by Solana Labs.  The ChatGPT plugin is now available for download from GitHub. It serves as a reference for demonstrating how AI can enhance the understanding of Solana data and protocols. It allows users to gain insights into Solana’s computing infrastructure and DeFi projects. Users can use the plugin to buy NFTs , transfer tokens, inspect transactions, and interpret public account data. Additionally, the plugin can find NFT collections based on their floor price. By integrating AI capabilities, Solana aims to make its network more user-friendly and understandable. ...

As of now, investors remain confused as to where is Bitcoin heading from here. On-chain data, however, shows some optimism on the charts. Checkmate, the lead on-chain analyst at Glassnode recently reported that Bitcoin’s sell-side risk ratio has touched an all-time low. advertisement This shows that investors have been reluctant to spend their Bitcoins, either in profit or loss, within the current price range. Typically, this happens when sellers get exhausted on both sides, suggesting that big moves are coming ahead. Courtesy: Glassnode Furthermore, on-chain data from Glassnode also shows that as trading volumes and liquidity decline across the crypto market, volatility is around the corner. “ With price ranges compressed, and on-chain transfers at cycle lows, $BTC is unlikely to sit still for very long,” it adds.  Bitcoin Exchange Inflows Glassnode explains that major Bitcoin inflows at the exchanges are at their cyclical lo...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase, the top US-based crypto exchange, is trying to change the narrative around cryptocurrencies as it’s set to promote crypto in the United States. Coinbase is turning to television to give details on why crypto is essential in America. The crypto exchange is rolling out another national advertising campaign to explain crypto’s role in modernizing the financial system. On May 22, the Coinbase CEO, Brian Armstrong, revealed they are running a TV campaign in Washington, DC, this week. Interestingly, most US lawmakers and regulators are based in Washington, DC. Further, Armstrong shared some insights into how the advertisement would be conducted. The exchange plans to shape the crypto market narrative instead of promoting its products. This week, DC will see a new TV campaign that explains how crypto moves America forward and why it’s the most important technology we have to create more...

The general crypto market is still struggling to escape its bearish sentiments as the conventional financial crisis deepens. Amidst this ongoing slump, there is growing interest from the U.S. government to close tax loopholes that benefit wealthy crypto investors in the upcoming budget for the fiscal year 2024. However, while major crypto assets like Bitcoin and Ethereum have lost gains of 0.98% and 0.38% in the last day, they are already pushing back into the green zone in the last hour. Ethereum (ETH) started the year with a good price of $1,568.65, despite ending 2022 poorly with $1,199.11 due to the crypto winter. With the digital asset currently at $1,808.81, can this pioneering blockchain platform asset defy the odds and reach new price heights once the market recovers? ETH Seeks a Foothold Despite Market Slump At press time, the $ETH network token is trading at $1,808.81, indicating a decline of 0.38% in the last day, 1.2% in the last week, and 2.7% in the last month. How...

Shibarium ’s native testnet , Puppynet, has recently created new records. Towards the end of Q1, the test network processed more than 1 million transactions with the assistance of more than 200k unique wallets. The statistics have ballooned up already. According to press time data from puppyscan. shib .io, the total transactions have crossed the 10 million benchmark, while the wallet addresses have surpassed the 15 million threshold. Specifically, they reflected values of 10.61 million and 15.89 million on Monday, May 22. Furthermore, the average block time, or the time taken to create a new block, stood at 7.4 seconds. At press time, the Puppynet had a total of 933.8k blocks. Source: puppyscan.shib.io Also Read: Shiba Inu: ‘Puppynet’ Processes 1 Million Transactions, Wallets Surpass 200,000 Roughly 11-70 transactions have been taking place on every block. Blocks are data structures or information containers of a blockchain. Over here, transaction-related data are perman...

By Pekka Kelkka Moi kaikki – Hi all. Pekka Kelkka aka Papa Blockchain here! Welcome to Papa Blockchain uncut web3 education channel. BTC Ordinals are 100% wrong – why? Developing or upgrading anything on major blockchain protocols such as Bitcoin or Ethereum should always be a community decision. On Bitcoin, the process is called BIP Bitcoin Improvement Proposal On Ethereum, it is called EIP Ethereum Improvement Proposal The last 2 major BIPs were Segwit in 2017 – https://en.wikipedia.org/wiki/SegWit and Taproot in 2021 https://bitcoinmagazine.com/technical… …and then came the Bitcoin “NFTs” Ordinals. The major change on the Bitcoin protocol without a community decision – without a BIP process! Implementing Ordinals on the Bitcoin mainchain without the BIP process was 100% wrong! Blockchain business is community driven – it is decentralized. Decision-making is decentralized. How Ordina...

Join Our Telegram channel to stay up to date on breaking news coverage Senator Elizabeth Warren’s stand against crypto seems to grow clearer by the day as she continues to rally the U.S. Congress to adopt the Digital Asset Anti-Money Laundering Act . On paper, this law appears to be the magic bullet that will wipe out all money laundering attempts in America, but that is far from factual. Why is the Digital Asset Anti-Money Laundering Act a Threat to Crypto? Cryptocurrencies have been around for slightly over a decade. This makes them a novel technology subject to suspicion, scrutiny, and maybe even blatant outrage. It is true that digital assets have their flaws, including high volatility and the risk of online security threats. However, they are not as threatening as the Digital Asset Anti-Money Laundering Act makes them appear. This Act portrays cryptocurrencies as the primary conduit for money laundering across the U.S. It says in part that “The Treasury Depart...