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Join Our Telegram channel to stay up to date on breaking news coverage Ethereum is currently the most popular platform for trading NFTs in terms of trading volume and value. However, Bitcoin has gained much attention in the NFT space with the emergence of the Ordinals protocol. Now, a migration solution is available for those who own Ethereum NFTs and prefer to be on the Bitcoin network. It’s important to note that this migration is a one-way journey and cannot be reversed. Milady Maker profile pictures are available in different versions on Bitcoin Miladys. Miladys facilitates the migration of artwork and data from Ethereum to Bitcoin with the Ordinals Market and Xverse wallet . Creating the BRC-721E token standard allowed seamless artwork and data transfers. The Migration Solution: Ethereum NFTs Transfer to Bitcoin, But No Return Path The bridge lets Ethereum NFTs (represented by the ERC-721 token standard) transfer to Bitcoin. Burn-and-mint is what makes this happen.

The L1TF also scheduled the Rebel-2 testnet ‘dress rehearsal’ upgrade on May 31 at 11 AM EST. Until now, eight validators have shown interest in the testnet upgrade. advertisement Terra Classic Testing Edward Kim AI App Chain “Block Entropy” Joint L1 Task Force developer The Vinh Nguyen successfully generated a cat image on Block Entropy — the first blockchain-powered AI generation engine. He plans to make the first image generated on Block Entropy into NFT and open a public sale for the NFT in the future. L1TF project manager LuncBurnArmy also took to Twitter to unveil the new use cases of core developer Edward Kim’s Block Entropy AI app chain. It includes image generation, video generation, AI chat, as well as LUNC burn and Tesnet tokens for machine learning and other tasks. Here's a sneak peek into # LUNC 's and #Crypto's newest exciting use case! #LuncBurn pic.twitter.com/LIBtCSnQbv Recommended Articles

Cryfluenz , a groundbreaking platform designed to bridge the gap between crypto companies and influencers, announces its launch in the influencer marketing industry. Founded by Alexander Tikhonov, a seasoned entrepreneur with a background in online promotion and PR, Cryfluenz aims to revolutionize the way influencers and companies collaborate by introducing a unique Cost Per Action (CPA) model focused on delivering tangible results. Alexander , the founder of Cryfluenz, brings years of experience in developing an online promotion and PR agency for international crypto companies. Recognizing the growing demand for influencer marketing and the need for a platform that prioritizes results, Alexander conceptualized Cryfluenz as a single ecosystem where both companies and influencers can thrive. Alexandar the founder of Cryfluenz “The idea of developing a platform focused solely on results, specifically the CPA format, gradually formed in my mind,” said Alexander. “Whil

The non-fungible token market, which suffered a brutal comedown last year, is now back in action, taking the crypto community by storm. The NFT market now shows some recovery and has begun to attract mainstream adoption. Below we have listed some of the top-selling NFTs this last week of May. Top Selling NFTs This Week:Source: CoinGecko.com 1. Bored Ape Yacht Club NFTs Bored Ape Yacht Club, an NFT collection from digital asset firm Yuga Labs, continues to dominate the NFT market this week. In the past 24 hours, the NFT collection, which has a limited edition of 10,000 NFTs, has recorded a trading sales volume of 2,396 ETH. It has a market cap of $880 million and a floor price of $88,037. 2. Nakamigos NFTs Rise In Rankings Nakamigos is an NFT collection from digital asset firm HiFo Labs, featuring a limited edition of 20,000 PFP NFTs hosted on the Ethereum network. The NFT collection has pumped over 60%, taking the second spot this fourth week of May. In the past 24 hours, the Na

Join Our Telegram channel to stay up to date on breaking news coverage Launchpad XYZ, one of the emerging presales via its native $LPX crypto token, surges as the all-in-one Web3 Hub surpasses the $700,000 milestone. The crypto presale of revolutionary all-in-one web3 hub Launchpad XYZ is gathering momentum. According to the project’s Whitepaper, Launchpad XYZ is creating an innovative, all-encompassing web3 platform with the purpose of making the very “fractured and intimidating” web3 sector more approachable. Launchpad XYZ presale has already raised over $700,000 Launchpad XYZ, a soon-to-be-launched web3 platform, is establishing a new path in the crypto sector. At the time of writing, this all-encompassing web3 platform has reached an important milestone by generating over $760,000 in its presale fundraising campaign for its native token, $LPX, generating the curiosity of professionals and crypto enthusiasts. The token price, which was initially $0.035, has jumped to $0.

SingularityNET (AGIX) made its way onto CoinMarketCap’s trending list after it experienced a price increase of more than 15% over the past 24 hours. This led to the crypto changing hands at $0.3116 at press time. This positive performance by the altcoin had enabled it to strengthen against both Bitcoin (BTC) and Ethereum (ETH) by about 14.58% and 14.64% respectively. Additionally, the price surge had flipped the crypto’s weekly performance back into the green, which stood at +3.83% as a result. However, AGIX was still down by over 7% during the past month. During the course of the previous day, AGIX’s 24-hour trading volume experienced a 31% decrease, leaving it at around $124,516,057. Meanwhile, its market cap of $379,444,634 meant that AGIX was ranked as the 92nd biggest crypto in terms of market capitalization. Daily chart for AGIX/USDT (Source: TradingView) AGIX’s price was looking to challenge the next key resistance level at $0.32394 at press time, after it ha

Cointelegraph owner Gregory Fishman is suing the CEO of FTX-linked Crypto projects Maps and Oxygen over claims that he misappropriated funds and stole his ideas, reports CoinDesk. According to “a person familiar with the matter,” in the case, originally filed in November last year, Fishman alleges that the projects’ CEO Alex Grebnev entered into a business relationship with him only to sever ties when FTX chief Sam Bankman-Fried ( SBF ) invested heavily in the two projects. He also claims that Grebnev “ misappropriated funds backing certain crypto projects ” and that he stole a number of ideas relating to unfinished crypto projects. Read more: Can Solana stay afloat without SBF and FTX? SBF had big plans for his latest ‘Sam coins’ According to CoinDesk, SBF’s Alameda Research headed up a $50 million investment into crypto-based Google Maps alternative Maps in January 2021. Shortly after, it led a $40 million round into DeFi broker Oxygen. The plan was to integrate the two pr

DCG will shut down its prime brokerage subsidiary Tradeblock by the end of the month, Bloomberg reported. advertisement Prolonged crypto winter season Digital Currency Group cited the broader economy and prolonged crypto winter, along with the uncertain regulatory environment for the digital assets in the US for shutting down its institutional trading platform side of the business. Earlier, DCG shut down its wealth-management division headquarters as it deals with Genesis ’s bankruptcy. Digital Currency Group has been negotiating with creditors of its bankruptcy lending business, Genesis, before it took the decision to close down its TradeBlock subsidiary. DCG also revealed losses exceeding $1 billion last year from the domino effect of FTX and crypto collapse last year. In January, DCG ’s crypto lending division Genesis Global filed for Chapter 11 bankruptcy protection. Recommended Articles

Germany has officially entered a recession after two consecutive quarters of negative growth. The country particularly took a hit after the Russia-Ukraine conflict, due to its reliance on Russian energy. However, according to reports, German banks are now getting comfortable with crypto . However, direct crypto  trading is not allowed at German bank branches. Even the largest financial institutions, such as Comdirect, Deutsche Kreditbank, or ING, forbid their clients from trading crypto currencies via a broker. Customers of these banks can only invest in crypto currencies through certificates that are exact copies of those currencies. However, the hesitation of German banks to accept crypto currencies is slowly fading. More organizations are developing strategies to enable client access to crypto currencies. With the introduction of its wpNex crypto currency trading platform in March 2023, Deutsche WertpapierServiceBank (Dwpbank) made a significant advancement. With this

The capital city of China’s Jiangsu province, Nanjing, has launched a new government-backed metaverse platform. Specifically, the China Metaverse Technology and Application Innovation Platform is set to advance development in the sector across the country. The new program is being headed by the Nanjing University of Information and Science Technology (NUIST). Moreover, an official announcement noted the founding members of the platform. All representing various academic institutions and metaverse -centered companies throughout the county.  JUST IN: China launches government-backed # metaverse platform. — Watcher.Guru (@WatcherGuru) May 24, 2023 China Presents State-Backed Metaverse Platform In a very interesting development for the industry and the country, China launched a government-backed metaverse platform. Moreover, it is set to combine the resources of various academic enterprises and institutions throughout the country. Subsequently, in hopes of more develop

The cryptocurrency exchange secured VASP licensing in Lithuania in April. On May 23, cryptocurrency exchange Bitget announced its successful registration as a virtual asset service provider (VASP) in Poland. The regulatory license allows Bitget to operate legally within the Polish market. In April, Bitget received its VASP license in Lithuania, allowing it to offer cryptocurrency-related services both within and from the Baltic nation.  Gracy Chen, Bitget’s managing director, said, “We understand that regulation is the future of the cryptocurrency industry if mainstream adoption is to be achieved. The recent registrations in the two European countries enhance our foothold and service in Europe.” According to its latest quarterly update, Bitget grew its staff count from 1,000 to 1,300 members during Q1 2023 and still has around 300 openings in research and development, compliance, business development, operations and customer support.  Additionally, the price recovery of Bitcoin (B

The fastest-growing asset in the crypto space could be consolidating before a major move. Specifically, Pepe Coin (PEPE) is poised for a big breakout, with its key resistance levels being vital points of observation. Currently, the asset’s key support levels remain at $0.0000015, and $0.0000011. Alternatively, its key resistance level holds at $0.0000020.  It appears that sellers of the meme coin are tiring out, which could present an opportunity for Bulls. Moreover, the price could see a massive surge to overcome the previously stated resistance. Moreover, if the momentum indicators signal a bullish trend, then a retest at the key levels could be in play.  PEPE Set to Breakout? Source: Spiel Times Since its arrival in April, Pepe Coin has become a force in the meme coin sector. Specifically, the asset sustained a meteoric rise that catapulted it within the top three meme coins, and into the top 100 of all cryptocurrencies. With trading volumes exceeding Dogecoin (DOGE) and Shiba