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This article discusses the challenges of intellectual property rights in the world of NFTs, with insights from the Hermes vs. Rothschild lawsuit and other potential cases. While nonfungible tokens (NFTs) have been gaining traction since the start of the year, the hype element is now fading away. More digital artists and creators worldwide are using NFTs to monetize their work with minimal investment, transforming the digital art space. Nevertheless, the blurred lines between artistic expression, plagiarism and trademark infringement have caused legal challenges, as regulations around cryptocurrencies and digital collectibles aren’t cast in stone yet. For example, the Hermes vs. Rothschild lawsuit addressed critical questions about trademark infringement and NFTs. In this case, the popular French luxury design house Hermes sued 28-year-old creator Mason Rothschild over his MetaBirkins collection, which included 100 NFTs featuring digital, fur-covered bags resembling Hermes’ iconic Bir...

There is an increasing contrast between policy updates from the U.S. Federal Reserve and Bitcoin prices. According to Brian Krogsgard, Bitcoin price tends to spike with every Feds moment with the press. In a recent podcast, Brian and Josh agreed the current inflation rate makes it difficult for the monetary policy maker to proffer a solution to the struggling economy. According to Josh, inflation rates in the U.S. are still extremely high, despite posting lower figures year-on-year. Both podcasters acknowledged that the Feds seem to act too slowly, putting them in a lagging position and always behind the curve. The podcasters explained how people are turning to alternative financial models outside the mainstream macroeconomic sector in search of security. That reflects in Bitcoin’s bullish response to almost every new policy from the Fed. They explained the price setup on the Bitcoin chart, identifying more momentum in the established bullish trend. Using the 4-ho...

RNDR, the native token of the decentralized cloud computing platform Render, surged over 62% in the past seven days. TradingView data shows RNDR’s price surged past multiple resistance levels and established a convincing break above its yearly high of 2023. As of the time of writing, RNDR trades at $2.5402, reflecting over 615% profit for the year. RNDR Weekly Chart on TradingView RNDR embarked on the latest price surge after reports emerged of another milestone by the project’s developers. Render’s community completed the RNP-002 and RNP-003 votes. The project considers both events fundamental to its development, as they will affect the internal architecture of the Render network. The RNP voting process for RNP-002 and RNP-003 has officially come to an end! Here are the results and what they mean for the future of the Render Network. — Render Network | RNDR (@RenderToken) April 26, 2023 Reportedly, with the passing of RNP-002, the Render Foundation can implem...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin maintained its stability at over $29,500, even after the turbulent fluctuations observed in the cryptocurrency markets. This occurred while investors evaluated issues with the latest banking sector and the sluggish economic growth data of the United States. Over the last 24 hours, the biggest cryptocurrency in terms of market value has been trading at about $29,600, although it reached a peak close to $29,900, while currently displaying a 1.5% increase. Bitcoin Climbs $29,400 Amidst Market Turbulence and Economic Concerns BTC saw a slight decline during the U.S. morning trading session on Thursday after the Commerce Department released its report on the first quarter’s GDP, which showed a weak growth of 1.1% compared to the expected 2% annualized growth. The disappointing personal consumption data compounded the issue, leading to further concerns. However, BTC was able to bounce back from thi...

Join Our Telegram channel to stay up to date on breaking news coverage As a result of the Receycle2Earn app reaching over $2.5 million, Ecoterra has emerged as one of the most potentially successful green cryptocurrencies. Ecoterra is a groundbreaking blockchain initiative that aims to revolutionize the recycling and waste management industries. Ecoterra’s presale is now live Ecoterra, which combines sustainability and cryptocurrencies, incentivizes consumers to recycle goods such as plastic, glass, and textiles. With the Ecoterra presale currently live, early investors have the exclusive option to secure tokens at a reduced price and play an important role in this environmentally friendly movement. Recycle2Earn: benefits for green living The objective of providing users with financial benefits for their recycling efforts is at the heart of Ecoterra’s ground-breaking Recycle2Earn idea. Ecoterra gives people the ability to adopt a lifestyle that is more ecological...

Lookonchain, the blockchain tracking firm, tweeted this morning that a crypto whale received a substantial amount of Arbitrum (ARB). According to the tweet, a whale recently received approximately 3.67 million ARB, estimated to be worth $5.4 million, from Binance and Gate.io. The post added that the whale had received the ARB after the altcoin’s price rose to $1.48. The altcoin’s price has retraced somewhat since then. At press time, CoinMarketCap shows that ARB is trading at $1.44 following a 4.48% increase over the last 24 hours. ARB was, however, able to outperform the two crypto market leaders Bitcoin (BTC) and Ethereum (ETH) by 1.60% and 2.08% respectively. 4-hour chart for ARB/USDT (Source: TradingView) ARB’s price has successfully flipped the $1.3942 level into support in the last 12 hours. Furthermore, the altcoin’s price has also broken above the 9-and-20 EMA lines on ARB’s 4-hour chart. The next target on ARB’s radar is the resistance level at around $1.5175, w...

Bitcoin has been on a rollercoaster ride over the past few years, with investors and traders trying to predict its next move. After hitting an all-time high of nearly $69,000 in 2021, Bitcoin has since experienced a significant pullback, currently trading at around $27,478.36 at the time of writing. The question on everyone’s mind is whether BTC is headed toward another bear market or if there is hope for a bull run soon. Market experts have differing opinions on the future of BTC, but one project that is generating a lot of buzzes is RenQ Finance (RENQ). RenQ Finance is a decentralized finance (DeFi) platform built on the Ethereum blockchain, offering a wide range of DeFi services to its users. In this article, we will take a closer look at why experts believe RenQ Finance will save the day and ignite the next bull run in 2023. RenQ Finance: Overview and Features RenQ Finance is an all-in-one DeFi platform that offers a suite of services to its users, including a decentrali...

Inflation has cooled, and the FED has slowed its interest rate hikes. This has created a more risk-on macroeconomic environment, and digital assets thrive in this environment. Uwerx, Lido DAO (LDO), and Ethereum Classic (ETC) are three must-have coins before the bull returns in full force. Uwerx (WERX) The pandemic caused remote work and freelancing to explode in popularity. Many expected that people would return to the office when the pandemic ended. This has not happened, and there has been a fundamental shift in how humans work. Freelancing has continued to grow, and even people with ordinary jobs have found their way into the space. According to Velocity Global, 56% of gig economy workers say they take gig jobs to earn money on top of their main source of income. Uwerx will launch a decentralized freelancing marketplace for workers globally. Uwerx will deploy the platform on Polygon (MATIC) that will charge a standard 1% flat fee versus the typical industry standard of 20%. B...

The plugin will allow the AI chatbot to check wallet balances, transfer tokens and purchase NFTs when OpenAI makes plugins more widely available. Solana (SOL) users will soon be able to interact with the network through an open-source plugin enabled on OpenAI’s artificial intelligence (AI) chatbot ChatGPT. The plugin will allow ChatGPT to check wallet balances, transfer Solana-native tokens and purchase nonfungible tokens (NFTs) when Open AI makes plugin s available, according to an April 25 tweet by Solana Labs, the development firm behind the Solana blockchain . Solana Labs is also encouraging developers to test out the open-source code to retrieve on-chain data that they may be interested in. (1/2) Solana Labs has created an open-source reference implementation for a ChatGPT plugin that lets users interact with the @solana network directly from ChatGPT. Users will be able to check wallet balances, transfer tokens, and purchase NFTs once ChatGPT plugins are available. pic.twitter.c...

Apr 25, 2023 at 10:48 // Price Author Coin Idol Polygon (MATIC) has continued its slide, attempting to break above the previous low of $0.94. Polygon price long-term forecast: bearish If the price falls below the previous low of $0.94, selling pressure will increase. In the downtrend zone, the price fell to a low of $0.96 today. A bearish candlestick tested the 61.8% Fibonacci retracement line of the March 10 downtrend. After the adjustment, MATIC will fall to the 1.618 level of the Fibonacci sequence or $0.57. The altcoin is currently bearish as it appro...

Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies. When it comes to providing stable value, stablecoins and central bank digital currencies (CBDCs) appear to serve two sides of the same proverbial coin. Crypto stable assets, however, can provide entirely different use cases — and CBDCs simply cannot compete.  The key is programmability — smart contracts that automate and add new features to money. Programmability allows for asset backing and decentralization that is not possible under current CBDC designs. Developers should be taking advantage of the programmable opportunities that stable assets offer rather than trying to compete with CBDCs. Stable-asset issuers articulate that they can make the current monetary system better — primarily in three ways. First, stable assets can help reduce the costs of traditional financial activity, such as decentralized borrowing/lending via decentralized finance (DeF...

The Shiba Inu [SHIB] ecosystem witnessed several upgrades this year. The network welcomed the much-awaited Shibarium beta launch. Now that this is out, the community grew impatient about the roll-out of the mainnet. Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu has been constantly bombarded with questions around the same. After staying mum for quite some time, Kusama took to Telegram to update the SHIB Army about the same. Several members of the community on the Telegram channel “Shibarium Tech” have been requesting him to “excite” them occasionally. Therefore, Kusama responded to these inquiries about his whereabouts and recent activities with a rather blunt remark “You need me where I am.” Another user said, “get us excited once in a while boss.” Kusama decided to share insights about the progress of Shibarium. He added , “head down working with an incredible team to do the impossible.” While this is barely any information, the crypto community did get excited...

The Arbitrum protocol recently hit over 200 million transactions. Experts claim the protocol’s mainnet, Arbitrum One’s performance is the reason behind it. What can the market anticipate when it comes to Arbitrum’s token airdrop? Arbitrum One has reached the 200m transaction milestone! We appreciate all the builders and communities that have made this possible in such a short time. Let’s keep building Arbitrum, together. pic.twitter.com/GDEJc68ysM — Arbitrum (,) (@arbitrum) April 20, 2023 Initially, Arbitrum garnered significant interest when it announced the release of its long-awaited token airdrop. The protocol even surpassed Ethereum in terms of daily active addresses due to the excitement surrounding the event. However, as time went on, the buzz surrounding the Arbitrum network began to dwindle. Subsequently, the decline in hype around Arbitrum resulted in a decrease in network activity and transaction volume. Additionally, the brief period duri...

Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin (DOGE), the well-known memecoin, experienced a sharp decline of 6% in value as a result of an unexpected incident involving Elon Musk’s SpaceX. SpaceX Starship Rocket Explosion Causes DOGE Price Drop The launch of the company’s Starship rocket, as reported by CNBC, was initially successful, but it eventually exploded four minutes after takeoff, leading to an “unscheduled rapid disassembly,” according to SpaceX. The news of the accident caused DOGE to drop in value, with the cryptocurrency currently trading at $0.0855, a decrease of 7.9% from its 24-hour high of $0.0929, resulting in an overall drop of 6% for the day. Musk, who immediately praised his team for the rocket launch, stated that the company has gained valuable knowledge for the next test launch, which is scheduled to take place in a few months. However, in his tweet, he did not make any mention of the explosion o...