Gas fees for transactions on the Ethereum (ETH) blockchain have dropped to the lowest levels since August. But they’re still not cheap. According to data sourced from Coinmetrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of March 9 totaled $11.14, placing it back amongst the levels recorded mid-last year before it surged dramatically to as high as $55 at the tail end of 2021. The cost of transactions on the @Ethereum network has not been this low since Aug 2021. Notably, gas prices surged after staying in this range for about 3 …

Some in the NFT community fear the market top may be in after Tai Lopez, the controversial entrepreneur and social media star, famous for his oddball marketing tactics, launched his own NFT project. Tai lopez has to be the top. this madness cant continue. — fxnction aka i gotabigdick.eth (@0x_fxnction) March 5, 2022 The NFT project is dubbed the “OG (original garage) Social Club” and pays homage to his highly memed-on ad from 2015 in which Lopez flaunted his Ferrari and the 2000 new books in his garage to promote his business courses of allegedly dubious value. The NFTs come …

According to data from Staking Rewards, Terra (LUNA) has flipped Ethereum (ETH) in terms of staked value, with $29.5 billion worth of LUNA locked up compared to Ether’s $25.9 billion. The platform’s data shows that there are currently 226,325 LUNA stakers, making it the second most staked crypto asset with more than four times the number of those staking ETH at 54,768. Solana leads the staking charts with $35 billion in staked value. In terms of annual staking rewards, LUNA is estimated to yield 6.62% on average while Ethereum fetches 4.81%. The most rewarding out of the top 10 staked …

The unique number of NFT buyers in February dipped below 800,000 for the first time since October, and search volume for nonfungibles also dropped significantly. According to data from CryptoSlam, there were 796,009 NFT buyers on secondary markets in Feb. (down 12% compared to Jan.) that accounted for roughly $2.6 billion worth of sales (down 40% on the month before). A caveat to that however, is that January was a massive month for NFTs which may suggest the decreases in February are simply part of a relatively healthy pullback. January saw a record number of unique secondary NFT buyers at …

Technology, although capable of improving quality of life, has eliminated any slivers of privacy. Although a human right, third parties, often big tech corporations, have taken to storing personal data, patterns and other activities, even selling this data for their profit. Many would agree this problem is only increasing with the prevalence of more personalized “offers.” Data is the new oil, so it’s particularly important to develop technologies that can utilize data in a privacy-preserving way. Most people give away their data, signing it over to companies by clicking “accept,” not even bothering to read the fine print. As data …

Apart from high-profile athletes and politicians who are taking salaries in crypto, a study shows that the number of ordinary people who take some of their salaries in crypto has increased globally. Tracking trends that occurred in 2021, global hiring firm Deel published a report that noted a 10% month-over-month increase in people who want to be paid in crypto since November 2020. The data, pulled from over 100,000 contracts in over 150 countries, shows that Latin America (LATAM) and Europe, Middle East and Africa (EMEA) are on top of the regions that have employees taking a portion of their …

Unlike some of my peers in the technology space, I don’t see the Metaverse as a virtual world in which we work, socialize and shop. Rather, I see it as a point in time, reached in 2020 and into this year because of the global pandemic, when the digital world became as important as the physical world. It’s a shift away from the idea that physical reality is superior and preferred over digital reality. Work for many has turned into a series of Zoom meetings, people are buying virtual real estate, and children are spending time with their friends in …

In the emerging Web3 world, data is the most valuable commodity, and oracle solutions provide a valuable role in facilitating the accurate and secure transmission of data between blockchains and data sources. One project that is taking a different approach to developing oracles is API3 (API3), a project which harnesses application programming interfaces (APIs) to create first-party oracles through the use of decentralized APIs capable of broadcasting data directly to blockchain networks. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $3.22 on Feb. 3 the price of API3 climbed 72% to reach a daily …

The ongoing digital revolution and rise of the internet have upended the old global value structure over the past 30 years, and big data has become the new "gold" or "oil" — a fact demonstrated by the money-making capabilities of platforms like Google and Facebook. One blockchain project focused on the future of retrieving and managing data is The Graph (GRT), an indexing protocol designed for querying networks like Ethereum and IPFS through the creation of open APIs called subgraphs. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.34 on Jan. 24, GRT has …

The Financial Stability Board (FSB), a global financial authority funded by the Bank for International Settlements, has released a new report on the financial stability risks associated with cryptocurrencies. Published on Wednesday, the 30-page study details a number of financial risks related to various types of cryptocurrencies as well as the industry sectors, including private digital assets like Bitcoin (BTC), stablecoins like Tether (USDT) and decentralized finance (DeFi). The report refers to some common-cited risks like a potential failure of certain stablecoins, which poses a significant threat to the stability of the entire crypto ecosystem due to the dominant trading …

The Layer 2 scaling solution Polygon (MATIC) and Cere Network, a Decentralized Data Cloud platform, or DDC, announced the launch of their joint venture Web3 media platform, named DaVinci. Their stated mission is to store NFT-backed assets more securely, and ensure verifiable and truly decentralized data. DaVinci is a direct content monetization platform for NFT-backed experiences that aims to facilitate both decentralized data transfers and nonfungible token, or NFT, value transfers. Powered by Cere’s DDC, the platform enables personalized content streaming to NFT holders via smart contracts. And it leverages Cere Freeport, the NFT mining platform deployed on Polygon, to …

Bitcoin (BTC) addresses holding at least 1,000 BTC, the so-called whales, have started accumulating more tokens during the recent market recovery. As of Feb. 10, the total supply in these addresses was 8.096 million BTC versus 7.95 million on Jan. 24, according to data from Coin Metrics. Bitcoin whales and institutional inflows The buying sentiment among the richest crypto investors picked momentum during Bitcoin's recovery in the past two weeks as BTC rebounded from its 2022 low of $33,000 on Jan. 24 to around $43,500 on Feb. 11. Small Bitcoin investors, addresses that hold less than 1 BTC, so-called "fishes," …