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Two pieces of artwork inspired by Vincent van Gogh’s work have commanded significant attention in the crypto market. These pieces, converted into digital format and tokenized, have fetched more than $2.5 million. One particular NFT inspired by a Van Gogh painting was sold for $1.3 million, whereas the second one fetched consecutive $1.27 million at an auction.The digitized artworks, identified as numbers 132 and 283, attracted heavy interest. The size of the winning bids was 35.9999 BTC and 34.9999 BTC on the Bitcoin network respectively. This signifies a recent surge in buyers, on the edges of a wider trend that…

Two tokenized versions of Dutch artist Vincent van Gogh’s paintings have reportedly been sold for more than $2.5 million combined. Data from on-chain aggregator CryptoSlam.io shows that a non-fungible token (NFT) rendition of a painting by Van Gogh has changed hands for $1.3 million. The transaction comes only a day after another Van Gogh-inspired NFT sold for $1.27 million. Auction records reveal that the digitized paintings, number 132, fetched a sum of 35.9999 BTC or $1,313,635, while number 283 was sold for 34.9999 BTC, translating to $1,275.612 on the Bitcoin network. The pieces are some of the many Van Gogh-inspired…

Not everyone knows this, but there are different forms of Proof of Stake (PoS). Proof of Stake is an alternative method to Proof of Work (PoW) of validating transactions on blockchain. The world’s first blockchain, Bitcoin’s blockchain, has always been based on PoW, but this method turns out to be relatively slow and especially very expensive. In fact, securing a PoW-based network requires miners to do a lot of work, and that work consumes electricity. The Proof of Stake (PoS)-based consensus mechanism Staking on nodes Leased Proof-of-Stake (LPoS) Delegated Proof of Stake (DPoS) The Proof of Stake (PoS)-based consensus mechanism…

The synergy between NFTs and DApps creates a dynamic ecosystem where digital ownership, decentralized finance and programmable assets converge, offering innovative solutions across various industries. Intersection of NFTs and DApps Decentralized applications (DApps) and nonfungible tokens (NFTs) are two important components of the blockchain and cryptocurrency ecosystems. Despite their disparate functions, there are several instances in which they coincide and enhance one another. For instance, NFTs can be used in DApps to signify ownership or access privileges for both real and digital assets. DApps can tokenize unique goods, such as in-game assets, digital art or real estate, by utilizing NFT…

It’s hard not to celebrate crypto’s well-needed pivot toward all things real-world — that’s where real value is, after all, not in pictures of stones and monkeys. Who would have thought? That said, at times, it’s also hard to hold back a mirthless smirk at what feels like a massive lost opportunity. You see, it all comes down to what the industry is coming to understand as real-world assets. In most cases, it’s about the traditional financial instruments like stocks, bonds, ETFs or commodities held by a centralized entity that issues tokens representing a fraction of the said asset. There…

Two giants of gaming, Ubisoft and Immutable, announce a new partnership. Though both come from different sides of the gaming world, this partnership seeks to help merge the web2 and web3 gaming ecosystems, and could be a huge step for online gaming in general! Another big announcement from Immutable as they reveal a strategic partnership with Ubisoft. We don’t have a lot of details about this partnership yet, but we do know that the general focus is on onboarding new players to web3 in a seamless and easy experience that can be utilized by developers and scaled to thousands or…

Decentralized chat app OpenChat, which is based on the Internet Computer blockchain, wants to foster more virtuous discourse on social media and believes that requiring users to both prove they are human and possess only one account may be the way forward. To do so the on-chain messaging app, likened to Discord and Slack, plans on testing facial recognition. “Proof of humanity is one thing, and that’s relatively easy to do. What’s harder is proof of unique humanity. I can solve all sorts of proof of humanity tests but I could do it a hundred times over and get a…

Cryptocurrency trading is an exciting and dynamic world, with traders seeking to understand and predict market movements. One effective way to do this is by utilizing technical analysis, which includes studying various candlestick patterns. The evening star candlestick is one such pattern, known for its ability to signal a potential bearish reversal. In this article, I will take a look at the key characteristics of the evening star pattern, how to trade with it, and the risks and benefits of using it in crypto trading. What is the Evening Star Pattern?  The Evening Star pattern consists of three candles: a…

Presidential candidate and Economy Minister Sergio Massa has proposed to develop a system to allow citizens to control and monitor state finance using blockchain tech in Argentina. At a recent presidential campaign rally, he declared that Argentines “should be able to control state accounts with their mobile phones,” interacting with the national budget. Sergio Massa Discusses Blockchain Monitoring for State Accounts in Argentina Sergio Massa, a presidential candidate and the Economy Minister of Argentina, proposed implementing a blockchain-based system to monitor state accounts and the execution of the national budget. Massa declared that this system would benefit the citizens and…

The rise of digital finance, spearheaded by the advent of cryptocurrencies, has sparked a significant debate within the Muslim community. Questions regarding the halal status of cryptocurrencies such as Bitcoin, Ethereum, and others, including the volatile meme coins, have become increasingly pertinent. This article seeks to explore these various categories of cryptocurrencies through the lens of Islamic finance, aiming to provide an insightful Islamic perspective on this modern financial phenomenon. Understanding Cryptocurrency  Cryptocurrency, a digital or virtual form of currency, employs cryptography for security, making it difficult to counterfeit. The most notable feature of cryptocurrency is its decentralized nature, typically…