Apple requires Coinbase to disable NFT transfers to the Wallet app

Coinbase’s Wallet iOS app no ​​longer supports NFT transactions due to Apple’s strict new NFT policies, which were more dangerous in October.

You may have noticed that you cannot send NFTs on me currency base The iOS wallet is longer. This is because Apple blocked the latest version of the app until we disabled the feature,” a Coinbase Wallet account shared on Twitter Thursday.

While NFTs are not completely banned in Apple’s mobile app store, they are subject to a hefty 30% tax on each transaction. If developers fail to implement this requirement, their app will be banned from the store.

Coinbase says Apple wants to charge everyone 30% Gas expenses (No transaction fees Ethereum network) on NFT transfers made through the wallet app, which Coinbase says is “not possible”.

“For anyone who understands how NFTs and blockchains work, this is clearly not possible,” said Coinbase. “Apple’s in-app purchase system doesn’t support encryption, so we can’t go through with it even if we try.”

Every time a user performs a transaction on the Ethereum network, even when simply transferring an asset such as an NFT to another wallet, the user must pay a fee called gas. This fee Required for the network to function. But they are more complex than fixed fees and cannot be controlled by any single entity.

Gas prices — which are measured in gwei but paid in ETH — vary depending on Ethereum network traffic and the efficiency of Smart contracts coding. More advanced users can choose to pay more to put their transactions closer to the front of the queue.

Coinbase is not happy about these limitations for its mobile app, Connection Apple’s decision is “similar to Apple’s attempt to reduce fees per email sent over open Internet protocols.”

Apple’s controversial fee for in-app purchases has angered many crypto advocates, such as Epic Games CEO Tim Sweeney, who previously fought Apple’s rules on Experience And the He said The tech giant “must be stopped”.

Former YouTube CEO and current Polygon Studios CEO Ryan White has taken a similar stance, calling Apple’s 30% tax “criminal. White believes that the tax “will hinder technological progress forever because of its monopoly on the industry.”

And billionaire CEO Elon Musk isn’t immune to Apple’s scrutiny either frank concern That Apple may remove Twitter from its store (then Musk met with Apple CEO Tim Cook on Wednesday, and it appears that Cook Dispersed these concerns).

Coinbase said it hopes this decision was merely an “oversight” and that it can be discussed further. It also believes that Apple’s strict NFT fee policy will hinder mainstream adoption of NFT and make it difficult for users to transfer their assets.

“Apple has introduced new policies to protect its profits at the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem,” Coinbase He said.

While cryptocurrency enthusiasts on Twitter downplayed Apple’s restrictions today, others pointed to the possibility Solana’s Saga phonea Web 3– An original mobile device that is still under development and will not have such restrictions. its stream Release Date It is expected to be sometime early next year.

“Today it was Apple, but tomorrow it could be Google,” He said Austin Federa, Solana’s director of communications, in response to the news. We need a third option.

Apple has not yet responded DecryptComment request.

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Crown Ribbon is shaking up the $300 billion horse racing industry with NFTs

The horse racing industry has grown to be worth $300 billion globally — and now NFT-powered horse owner platform Crown Ribbon is bringing that value to the blockchain.

Crown Ribbon enables users to buy and own NFT shares in a racehorse syndicate assigned to a particular horse or group of horses. The introduction of blockchain technology will increase efficiency in the “notoriously slow and monotonous” horse industry, according to a statement from Crown Ribbon accompanying the launch announcement.

In particular, NFTs will enable holders to easily track and transfer ownership rights and certify their shares, bringing these valuable assets on-chain.

“For many riders, their horse is their most valuable asset, more valuable than their home and vehicle,” says Doug Leonard, CEO of fixed-rate lending protocol Hifi, which partnered with veteran Chad Peusse to launch Crown Ribbon. “Using this value in traditional ways is not an option.”

Leonard added that Crown Ribbon is “well positioned to disrupt this age-old horse racing industry with blockchain technology, by introducing a new ownership model that comes with more flexibility and tools.”

NFT ownership is fully regulated

Crown Ribbon states that it is regulated and transparent, with the platform offering being qualified by the SEC under A+ regulation, making the platform compliant with SEC rules for US participants.

And with Hifi participating in the platform, Crown Ribbon members will have access to the protocol lending ecosystem of liquidity products, a global audience and broader DeFi compatibility.

“Even for the best racing firms, traditional financial institutions lack the experience and expertise to underwrite these non-standard assets,” Leonard said. “Because of our partnership with industry leaders in Crown Ribbon, Hifi has access to the expertise and experience needed to effectively underwrite these real assets.”

To learn more about Crown Ribbon and its NFT-backed horses, visit www.crownribbon.io.

For more information about Hifi, visit hifi. finance. Follow along Twitter And join the conversation at disharmony.

sponsored post Crown band

This sponsored article was created by Decrypt Studio. Learn more about partnering with Decrypt Studio.

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New data has revealed that the Blockchain gaming sector remains resilient amid the FTX meltdown saga

Although the cryptocurrency market is just beginning to recover from the effects of the FTX crash and subsequent crisis, the underlying technology has remained strong, especially when it comes to blockchain gaming.

In fact, user activity in Web3 games during October and November accounted for nearly half of all blockchain activity (42.67%) across 50 networks, according to a new report. DappRadar The report was shared with Coinphony on November 30.

In November alone, an average of 800,875 Unique Active Wallets (UAWs) interacted with gaming smart contracts each day, which is a slight decrease of 12% since September, when the industry had 911,720 active wallets.

Unique activity of active wallets. Source: DappRadar

However, the current state is still a decline compared to late 2021 and early 2022. The Solana (SOL) blockchain has suffered the biggest hit of all related networks, seeing a significant drop in unique wallet activity in close proximity. 90% during the month, with an average of 2,326 active wallets per day.

Funding continues on a smaller scale

Despite the crisis, money has continued to flow into blockchain games and metaverse projects, which raised $534 million in October and November, with most of the investment going toward building and maintaining infrastructure.

So far, the current forecast for investment in blockchain games for this year is about $8.16 billion, up 104% from the $4 billion total in 2021. The fourth quarter of 2022 had the lowest funding amount – $500 million.

As previously reported by Coinphony, blockchain games and metaverse projects brought in $1.3 billion in Q3 2022, which is down 48% compared to Q2 2022.

Meanwhile, total in-game trading volume of non-fungible tokens (NFTs) reached $55 million in October and November, and popular blockchain card game Gods Unchained topped the list by generating 64.25% of total trading volume, reaching $21, $6, and $13.45. dollars. million over the course of two months.

warning: The content of this website should not be considered as investment advice. Speculative investments. When you invest, your capital is at risk.

Post-Blockchain Gaming Sector Remains Resilient Amid FTX Collapse Saga, New Data Appears For The First Time On Coinphony.

The head of the European Union fired another warning shot at Elon Musk for moderating Twitter content

Twitter’s new boss Elon Musk continues to stir up controversy, from firing most of the company’s employees to tampering with key features and restoring banned accounts. The billionaire is now facing EU regulatory authorities.

Musk has said repeatedly that his mission on Twitter is to maximize freedom of expression. He seems to be looking for new solutions to very old problems by changing almost everything that happens behind the scenes. This put the EU industry chief at odds with him.

The second warning of the block

During a video conference, EU industry chief Thierry Breton threatened the social media platform with a ban if Musk did not comply with its strict content moderation rules. According to a report by the Financial Times, Bretton has asked Musk to drop an “arbitrary” method of getting banned users back and pursue a “thorough independent review” of the platform by next year.

After the meeting, Bretton said he welcomed Musk’s statements of intent to make Twitter 2.0 DSA-ready, but believes the platform has “tremendous work ahead” of meeting its obligations under the Digital Services Act — which happens to be Europe’s new platform regulation.

“But let’s also be clear that there is still a lot of work ahead. Twitter will need to implement transparent user policies, significantly strengthen content moderation and protection of free expression, resolutely tackle disinformation and limit targeted advertising.”

Notably, this isn’t Breton’s first warning shot toward Musk due to his erratic Twitter experience since taking office last month. Earlier, the EU commissioner for the single market urged the controversial businessman to comply with the bloc’s leading rules against hate speech and misinformation online. Even the European Commission’s chief justice, Didier Reynders, has echoed similar concerns.

However, Musk has agreed to allow EU officials to “stress test” the social networking site for DSA compliance in early 2023. In the meantime, Twitter will have “ample” time to make the changes needed to meet regulatory obligations, Brenton noted.

The war with apples: a risky maneuver?

After a turbulent month at the top of Twitter, Musk has declared war on Apple Inc. He kicked off the week by calling the iPhone maker to allegedly pull its Twitter ads and threatening to ban the social network from Apple’s App Store.

Among the new Twitter features rolled out on November 9 was Musk’s ambitious vision to make the platform less reliant on ads by steering users toward the blue subscription service. But advertising services generated nearly 90% of its $5.1 billion in revenue last year. And a big part came from Apple, which has historically relied heavily on Twitter.

in a series of TweetsGiving credit to Apple CEO Tim Cook, Musk questioned whether the company had “freedom of speech” and whether it would go after Tesla, his electric car company.

Fast forward to Wednesday, the Twitter owner revealed a meeting with Cook that “resolved the misunderstanding.” Is also He saidAnd the

“Good conversation. Among other things, we resolved the misunderstanding that Twitter could potentially be removed from the App Store. Tim was clear that Apple never considered doing that.”

Musk, who also runs Tesla and SpaceX, has revealed his plan to make a replacement phone if the Apple and Google app stores remove the Twitter app.

The EU chief in office fired another warning shot at Elon Musk for moderating Twitter content that appeared first on CryptoPotato.

Bitcoin $21,650 Followed by $26,420 Against Altcoins BTC Pairs for BITFINEX: BTCUSD by AlanSantana – Technische Analyze – 2022-12-01 13:51:34

We are seeing some early action in the region bitcoin Charts showing prices going up… This is something we expected and went the route 10 times (see below):

The question we would like to answer now is about potential targets…how far is it possible bitcoin Keep it up rising waving?

We can see the first soft target set around $21,500.
That’s an easy target for bitcoin to overcome the road.

The next target is EMA300 or $25,000+. About $26,400 to be exact.

This is in the short term.

How will this affect our beloved altcoins?

Altcoins will grow alongside bitcoin but not BTC Pairs.

many of BTC The digital currency pairs we like have been growing since June this year, and some since May.

After that strong rising They are set to indicate a sharp correction once bitcoin make progress.

In the first strong move up from bitcoin These altcoins may fall in the range of 20-30%.
Those that have already given strong growth.

as such bitcoin Continuing on its upward trajectory, these pairs, ALTSBTC, may continue to drop to 40%, 50% and maximum around 60% for some.

They will continue to hit higher lows but watch out…
You should sell these pairs when they are rising or prepare for this movement that will happen soon.

I hope you find this information useful.

I hope that bitcoin Grow for several weeks before the next bearish Waved.

Thanks a lot for your support.

Namaste.

The bulls are eyeing $0.330 on softer US inflation numbers

the main ideas:

  • On Wednesday, ADA rose 3.24% to end the day at $0.319.
  • News China plans to ease COVID-19 measures Fed Chairman Powell delivered the first bullish session.
  • But the ADA was under pressure this morning, as US inflation numbers likely derailed Powell’s pivotal speech.

On Wednesday, ADA rose 3.24%. After gaining 0.98% from Tuesday, ADA ended the day at $0.319.

A mixed start to the day saw ADA drop to an early morning low of $0.308. While avoiding the first major support level (S1) at $0.305, ADA rose to a late high of $0.321. ADA broke the first major resistance level (R1) at $0.324 and the second major resistance level (R2) at $0.316 to end the day at $0.319.

Fed Chair Powell and the Nasdaq Composite Index provide support for the ADA

On Wednesday, investor sentiment changed against the protests in China. Reports that the Chinese government was planning to ease lockdown measures on the morning supported the hack. However, concerns ahead of Fed Chair Powell’s speech and mixed US economic indicators led to a pullback before a late rally.

Fed Chair Powell has talked about easing the pace of rate hikes, which has fueled demand for riskier assets. The Nasdaq Composite Index rose 4.41%, as the cryptocurrency market ended the session 3.98% higher at $820.7 billion.

There were no network updates from Input Output HK or founder Charles Hoskinson to impress before tomorrow’s Weekly Development Update.

The lack of network updates will likely leave the ADA in the hands of the US economic calendar and the Nasdaq Composite Index today. Weak inflation numbers and subdued chatter from FOMC members should support another bullish session.

The NASDAQ mini index is down 34 points this morning.

ADA price action

This morning, ADA is down 0.31%, at $0.318. A bearish morning saw ADA drop from the early $0.320 high to $0.314 before stabilizing.

ADAUSD 011222 daily chart

Technical indicators

ADA needs to avoid the $0.316 pivot to retarget the first major resistance level (R1) at $0.324. A move through Wednesday’s high of $0.321 could indicate a breakout session. However, the ADA will need price-friendly US statistics, FOMC members’ chatter and IOHK updates to support a bullish session.

In case the rally continues, the second major resistance level (R2) at $0.329 and $0.335 is likely to come into play. The third major resistance level (R3) is located at $0.342.

A fall through the pivot would activate the first major support level (S1) at $0.311. However, barring a risk-driven sell-off, ADA should avoid below $0.305 and the second major support level (S2) at $0.303.

Rising US inflationary pressures could reverse bets on the Fed’s pivot which could see S2 ($0.303) on the horizon.

The third major support level (S3) is located at $0.290.

ADAUSD 011222 hourly chart

This morning, both the Exponential Moving Averages and the 4-hour candlestick chart (below) sent a bearish signal.

The ADA was below the 100-day moving average, currently at $0.323. The 50-day moving average has fallen to the 100-day moving average, while the 100-day moving average has pulled back from the 200-day moving average, providing mixed signals.

ADA breakout from the 100-day moving average ($0.323) and R1 ($0.324) will support a run at R2 ($0.329). However, a slip through the 50-day moving average ($0.314) would support a decline through S1 ($0.311) to show S2 ($0.304).

Bulls Eye $0.330 on Softer US Inflation Numbers – Coinphony [SV]

This is how BlackRock CEO Larry Fink’s approach to crypto in 2022 has evolved

The recent collapse of one of the largest cryptocurrency exchanges in the world, FTX, and the subsequent havoc it wreaked on the entire cryptocurrency industry has shown that this sector still has its supporters but also that it is not without critics.

One of them is longtime crypto skeptic Larry Fink, CEO of BlackRock, the largest asset management company in the world that oversees around $8 trillion and, interestingly, has invested close to $24 million in FTX through a tool called a “fund.” funds.” “, as Fink himself said.

That puts it among several companies from Wall Street to Silicon Valley, including Sequoia Capital and Tiger Global, that took a hit (or even went out of business) after the collapse of Sam Bankman Fried in the Bahamas.

Cryptocurrency warm-up

In 2017, Fink called cryptocurrencies a “money laundering index,” but over the past year or so, his critical attitude toward cryptocurrencies has shifted from disdain and callous skepticism to open interest and concern.

In October 2021, Coinphony reported that the head of BlackRock expressed interest in digital assets such as Bitcoin (BTC), saying he was on the fence about its future prosperity but believed it could play a big role one day.

Five months later, Fink wrote in a letter to shareholders that:

“BlackRock is studying digital currencies, stablecoins, and underlying technologies to understand how they can help us serve our customers. (…) A carefully designed global digital payment system can improve the settlement of international transactions while reducing the risks of money laundering and corruption.”

In April 2022, Fink shared his company’s experience with rising customer interest in digital assets, acknowledging that BlackRock was studying cryptocurrencies and their ecosystem shortly after announcing its investment in the stablecoin publisher circuit.

At the same time, he was criticized by Anthony Scaramucci, founder of investment firm SkyBridge Capital, who said Fink, as well as JPMorgan’s Jamie Dimon, Berkshire Hathaway CEO Warren Buffett and vice chairman Charlie Munger, had all failed to do their jobs. Homework on cryptography. .

about the recent collapse

However, the crypto collapse caused by FTX was proof to BlackRock’s CEO that most crypto companies won’t succeed, he said during an interview at the New York Times DealBook Summit on November 30:

“In fact, I think most companies wouldn’t exist.”

But Fink still believes the underlying crypto technology has potential, such as facilitating instant settlement of securities and simplifying shareholder voting.

warning: The content of this website should not be considered as investment advice. Speculative investments. When you invest, your capital is at risk.

The post This is how BlackRock CEO Larry Fink’s stance towards crypto in 2022 appears first on Coinphony.

The length of the bear market has now matched the previous cycles, so is the trend reversal imminent?

Bear markets always look like long, drawn out trades, but a sharp downtrend only lasts for a year or so.

The cryptocurrency industry reached an all-time high of just over $3 trillion in market cap in November 2021. Almost a year later, on November 22, it reached a cycle low of $820 billion, marking a decrease of 73%. %.

In its latest “Ahead of the Curve” report, Arcane Research notes that this Bears cycle now matches the 2014 and 2018 cycles in terms of length.

“The Bitcoin bear market has now gone on for similar lengths to the 2014-15 and 2018 bear markets.”

Market down?

But in the previous cycle, markets fell 87% from $830 billion in January 2018 to just over $100 billion in market capitalization in December of that year. The size of this stream wasn’t that great despite the crash of Terra/Luna and FTX.

What followed the low cycle was a long period of slow consolidation and buildup, which we can see at the moment.

The report notes that the current Bitcoin market (not the total cryptocurrency cap) has seen 376 days from peak to trough. In 2018 that period was 364 days and in 2014 it lasted 407 days.

“So while the current dip time was the same as previous cycles, the depths are currently higher.”

The markets are up about 10% from their current lows last week. Returned about $80 billion to raise the total capital over $900 billion again.

FED Pivot is good for cryptocurrency

Other influences can also describe a market bottom and a change in trend. The US central bank’s shift to less stringent recovery measures could mean lower and lower interest rates next year. This would be good news for risky assets like tech stocks and cryptocurrencies, which have all taken a beating this year.

With all leverage eliminated from the cryptocurrency markets, only the hardcore hackers and those with complete conviction are left.

Bitcoin has reclaimed $17k this week, and Ethereum has crossed $1,300 again, so a long-term trend change may start. However, there is not likely to be a full bull market until later this year when the rules are settled and institutions return to the asset class.

The length of the bear market now matches the previous cycles, so is the trend reversal imminent? It first appeared on CryptoPotato.

Ethereum miner earnings reach a monthly high, but here’s the catch

  • The number of daily active addresses in ETH rose to a monthly high in the past three days.
  • The volume of transactions was relatively low, indicating the lack of a strong electoral presence.

Ethereum network activity has seen a significant recovery this week as market conditions improve. This is highlighted in the latest Glassnode report which reveals that miners’ earnings have reached a new monthly peak.


Read the Ethereum (ETH) price forecast 2022-2023


Profits from Ethereum mining are a useful metric not only for evaluating mining profitability. It can be used to evaluate the level of network usefulness. Especially if the market is coming from a period of low volume and low demand.

This type of scenario has been the case in the market, so the noticeable increase in miners’ earnings is good news for investors.

In terms of Ethereum network activity, the number of daily active addresses increased to a monthly high over the past three days. This means that the number of ETH transactions has skyrocketed during the same time and this would explain why miners’ profits have increased as well.

Source: feeling

A noticeable increase in the volume of transactions may indicate accumulation and thus the return of bullish demand. As a result, the price movement of ETH continued to gradually increase.

It managed a 9.3% rally over the past two days, confirming that the recent surge in active addresses has been mostly buying volume. ETH was trading at $1,265, at the time of writing.

Ethereum (ETH) price movement

Source: TradingView

Will Ethereum maintain the highest network utility?

The upward pressure responsible for ETH’s current bullish trend has been reflected in a slight increase in transaction volume so far this week. However, it was relatively low compared to the highest daily transaction volume earlier in November.

Ethereum transaction volume

Source: feeling

The fact that the volume of transactions was relatively low indicates the lack of a strong electoral presence. It can also be confirmed that the observed increase in active addresses reflects increased retail activity.

The retail market usually has less influence on price than whales do. Speaking of whales, incoming selling pressure was seen from addresses between 1,000 and 100,000 ETH.

Ethereum supply distribution

Source: feeling

In addition, titles with between 1 million and 10 million coins have also reduced their balance. Selling pressure confirms that there has been some profit taking in the past 3 days.

Enough selling pressure may eventually trigger a bearish bounce. However, there was also some buying pressure from some of the whales, especially those in the 100,000 to 1 million coin denomination.

conclusion

The above observations confirm the return of bullish demand for ETH. However, the recent uptrend has also attracted some profit-taking and market participation remains low. In other words, investor confidence is improving but it is not enough for FOMO levels of buying pressure.

Ethereum may break the resistance level and continue to grow for BINANCE: ETHUSDT by Michael_Winner – Technische Analyze – 2022-12-01 06:07:59

Hello dear traders, we are new here so we request you to support our ideas by asking “submit” and comment, you can also ask questions freely in the comments, we will try to answer them all, thanks guys.

Today we will look at the price Ethereum .
Recently, the price has rebounded with support level inside monotheism.

Ethereum Shop very close resistance level Currently.
I think the price may break resistance level And it continues to grow.
Because of this, I set my target at the end of the consolidation at $1350

I foresee this scenario, so be ready for the next step.
Thank you for your time. We hope that our work will suit you and that you will be satisfied. We wish you a happy day and great profits