Nonfungible tokens (NFTs) have grown into a distinct sector within the blockchain industry, but they still have to address several challenges before aiming for mass adoption. One of the key issues of the space has to do with data accessibility, or mostly, the lack of it. Unlike the broader crypto industry, the NFT market is still in its infancy, and there are relatively few resources available for tracking NFT collections, exploring detailed statistics and analyzing market trends. To begin with, the NFT market lacks standardized data formats and metadata. This can make it difficult for NFT buyers and sellers to …

Cointelegraph is proud to announce its partnership with Phaver, a mobile Web3 social application with over 140,000 monthly users. The partnership will provide daily Cointelegraph content to Phaver users and others across applications built on the Lens protocol. Cointelegraph, the world’s largest crypto media platform, is a strong believer in the emergence of Web3 social media applications. The partnership with Cointelegraph is a major milestone for Phaver and the Lens Protocol, both of which have been on a mission to develop and grow Web3 alternatives to current social media platforms. It’s also a significant step for Cointelegraph, which believes in …

Is Ether inflationary or deflationary? The classification of Ether as either inflationary or deflationary is a topic of debate. Supporters of the inflationary argument may point to the absence of a hard cap on Ether’s supply. However, the programmed decrease in the token creation rate, the implementation of PoS and its increasing utility in the decentralized finance (DeFi) ecosystem suggest a deflationary trend for ETH. Ethereum’s ecosystem facilitates the development of decentralized applications (DApps). Its native currency Ether is used for transactions and as a reward for validators who process transactions. There is no fixed limit on the total supply …

Coinbase will suspend trading for Binance USD (BUSD) stablecoin on March 13, the exchange announced Feb. 27 on Twitter. The message mentioned “listing standards” as it announced its decision. The decision will apply to Coinbase.com (simple and advanced), Coinbase Pro, Coinbase Exchange, and Coinbase Prime, according to the tweet thread. The exchange added, "Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time." A Coinbase spokesperson told Cointelegraph: “Our determination to suspend trading for BUSD is based on our own internal monitoring and review processes. When reviewing …

Bitcoin (BTC) headed toward $24,000 at the Feb. 27 Wall Street open as a strong weekly close translated into further gains. Bitcoin gains $1,000 versus weekend lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding in line with United States equities futures. The pair had seen lows of $22,770 on Bitstamp over the weekend, these nonetheless proving short lived as the weekly candle closed above $23,500. With stocks rebuilding strength into the new week, hopes were high that Bitcoin could continue its upward trajectory to finish February on a high. “Rejecting at crucial $23.8K level would indicate that …

While electricity is an integral part of our daily lives, some modern technologies do not require electricity to function. These technologies rely on other energy sources, such as mechanical energy, solar energy, or kinetic energy, to operate. In this article, learn how seven modern technology examples work without electricity. Solar-powered calculators One typical instance of technology that does not require electricity is solar-powered calculators. These calculators are run on solar cells, which transform sunshine into electricity. The calculator can be powered in low light thanks to the solar cells, which are typically integrated into the calculator’s display. Calculators powered by …

Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC). Paxos has claimed in the past that BUSD is fully backed by reserves held in either fiat cash or United States Treasury bills. BUSD was reportedly authorized and regulated by the New York State Department of Financial Services (NYDFS). Paxos partnered with crypto exchange Binance in 2019 and launched the stablecoin, which received approval from the NYDFS. Binance CEO Changpeng Zhao has stated that the exchange licensed the …

According to metaverse platform, Metajuice, almost three out of four of the nonfungible token (NFT) collectors on its platform purchase NFTs for status, uniqueness and aesthetics. While current NFT sales are not as high as during the peak in 2021, the space still holds on, with users giving various reasons for buying NFTs. In an announcement sent to Cointelegraph, Metajuice highlighted that their team surveyed over 6,000 NFT users to discover the motivations behind NFT purchases. The survey results showed that among the reasons laid out by the researchers, standing out and wearing the NFTs as their avatar were the …

Interest in the metaverse is accelerating at a global rate, with countries all over the world joining in the rush to get involved. In Japan, a country often associated with its legacy technology sector, a group of well-known tech companies entered into an agreement on Feb. 27 to forward the creation of the “Japan Metaverse Economic Zone." Along with creating the Japan Metaverse Economic Zone, the agreement's focus is on building an open metaverse infrastructure called “Ryugukoku," which will spark the next wave of metaverse development. This open metaverse infrastructure will help create interoperable tools available for users and developers …

Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallets by producing its own wallet silicon chips. Trezor officially announced on Feb. 27 that the firm will start facilitating the production of its own key component, the chip wrapper, in its flagship product, Trezor Model T. The move aims to significantly optimize Trezor wallets’ production, reducing lead times in the supply cycle from two years to several months. The optimization will also eliminate delays in shipping finished products and protect consumers from exposure to price fluctuations based on component supply and demand, Trezor said. As previously reported, demand …

As the Solana network suffered another setback, crypto community members went on social media to express various concerns, even comparing the blockchain to other projects like Ethereum and Bitcoin. On Feb. 25, the Solana network faced performance degradation issues, resulting in transaction disruptions, leading validators to opt for a network restart. Seemingly tired of the same old story, members of the community expressed themselves on Twitter, with some even questioning Solana’s (SOL) rank as a top cryptocurrency. Amid the network issues, nonfungible token (NFT) artist Crypto Tea raised a question on how the Solana blockchain made it to the top …

$700,000 worth of funds has been drained from BNB Chain DeFi protocol LaunchZone, with the project alleging that an attacker has carried out an exploit. Details remain scarce after more than 80% of funds in the LaunchZone liquidity pool were drained on Feb. 27. A message on the project’s official Telegram group warned users not to buy tokens until more information has been gathered: “$LZ is being hacked from DND exploiter. The team is handling the situation, please don't buy the token at this stage. Please keep calm. We will update timely (sic).” The value of LaunchZone’s native token $LZ …