Author: Jeremy Ryan

The Rule of 72 is a time-tested formula in traditional finance, offering a quick way to estimate the doubling time of an investment based on a fixed annual rate of return. Applying this rule to the high-octane world of cryptocurrency investing requires a nuanced understanding, given the inherent market volatility and unique dynamics of this asset class. What Is the Rule of 72? At its core, the Rule of 72 states that by dividing 72 by the expected annual rate of return, you can estimate the number of years it takes for an investment to double in value. For instance,…

The Blur (BLUR) token price gained bullish momentum for the first time in over four months as the marketplace saw a notable surge in non-fungible token (NFT) sales. Blur is up by 30% in the past 24 hours and is trading at $0.39 at the time of writing, reaching a four-month high. The asset’s market cap is currently at $414 million, last seen in late July. BLUR’s 24-hour trading volume also skyrocketed by 400%, surpassing the $460 million mark. BLUR price, whale activity, social volume, and open interest – Nov. 7 | Source: Santiment According to data provided by the…

The core team at Layer 1 blockchain Evmos, which facilitates the integration of Ethereum smart contracts within the Cosmos network, is planning to discontinue support for Cosmos transactions to focus exclusively on Ethereum-based transactions. This means the core network will support only Ethereum-based wallets and tools instead of those designed for Cosmos. The transition to a single transaction format is expected to streamline the development workflow and improve the efficiency of Ethereum wallets on the network. Evmos announced a phased discontinuation of Cosmos transactions, targeting full completion by the third quarter of 2024. Evmos’ team has grappled with the dual…

Yuga Labs — the prominent NFT company behind remarkable projects like Bored Ape Yacht Club and CryptoPunks — is excitingly collaborating with the leading cross-chain NFT marketplace, Magic Eden, to introduce a marketplace before this year’s end. Ending 2023 on a positive note, what will set this marketplace apart from the rest is its steadfast commitment to enforcing creator royalties, pioneering as the first top-tier Ethereum marketplace to uphold such standards. Planting something new for all creators.We’re partnering with Magic Eden to launch the new Magic Eden ETH marketplace – the first major ETH marketplace contractually obligated to honor creator royalties.The marketplace…

Zero-knowledge proof is set to revolutionize privacy and trust in digital interactions. Protocol Labs report reveals its shift towards real-world business applications. What is zero-knowledge proof Zero-knowledge proof is a powerful cryptographic technique that allows parties to prove information without revealing underlying data. A new report released today by Protocol Labs finds that ZK proofs are reaching an inflection point as research projects transition into real-world business applications across industries. Zero-knowledge proof allows one party, the prover, to demonstrate knowledge of certain information to another party, the verifier, without disclosing the actual data. This establishes trust and enhances privacy in…

SK Telecom, the largest mobile carrier in South Korea, is partnering with Aptos and Atomrigs Lab to develop its web3 wallet service known as T wallet. The Korean telco firm said today in a LinkedIn post that the tripartite partnership is aimed at enhancing its affiliations with customer-preferred mainnets and decentralized applications — with a focus on T wallet. SK Telecom noted that the collaboration with Aptos will be its first non-Ethereum virtual machine blockchain integration. “We will also provide users with tangible value by connecting to the promising dApp ecosystem within Aptos,” the company added. “By leveraging the innovative…

On Sunday, the long-running animated series “The Simpsons,” known for skewering many aspects of American life, finally put the beleaguered NFT market in its crosshairs. During one segment of the show’s 34th annual Halloween-themed “Treehouse of Horror” anthology series, Homer accidentally mints Bart onto “the blockchain” as an NFT, triggering a daring rescue mission featuring multiple eerily recognizable designs and characters from the NFT ecosystem. Here are a few key highlights from the episode, which pokes fun at NFT hype while referencing the Bored Ape Yacht Club, Doodles, Beeple, Dmitri Cherniak’s “Ringers,” and plenty in between. Homer’s Thoughts on the…

Kraken, the big U.S. cryptocurrency exchange, is considering several of the leading blockchain-technology firms to help launch its own layer 2 network, people familiar with the matter told CoinDesk. Such a move would bring Kraken in line with the move earlier this year by rival Coinbase to launch its own layer-2 network. Kraken is considering Polygon, Matter Labs and Nil Foundation among others about using their technology as the basis for the new network, according to the sources, who asked not to be named because the effort was not publicly disclosed and the conversations are still fluid. There may also…

An NFT collection that combines CryptoPunks’ aesthetics with elements of “The Simpsons” has notched almost $2.5 million in sales in less than 24 hours, rocketing to the top trending spot on OpenSea after the long-running animated television show roasted NFTs in a special episode. The unofficial Springfield Punks collection launched as a free mint on Sunday, with traders snatching up the 3,405 Ethereum NFTs in a hurry. Since then, the project has seen 1,311 ETH (over $2.4 million) worth of trading volume, according to the OpenSea marketplace. As of this writing, Springfield Punks NFTs start at just under 0.11 ETH…

According to a recent report by Nansen, the NFT market is defying expectations as weekly Ethereum sales skyrocket, gaining attention from crypto market enthusiasts. Despite recent challenges, the world of nonfungible tokens (NFT) is thriving, with top collections and platforms experiencing record trading volumes. So, let’s take a closer look at the report and see how the investors are putting their bets on the NFT space. NFT Sales Surge With A Remarkable Turnaround The NFT market, which was recently plagued by news of layoffs and concerns about its stability, has witnessed a remarkable turnaround. According to blockchain analytics platform Nansen,…