Axie Infinity: Origins made its debut on the Apple App Store, generating a surge in AXS token transactions. Additionally, we explore the significance of NFT trading volume.
Lightning Labs was forced to change the name of their project from 'Taro' to 'Taproot Assets' due to a trademark infringement lawsuit. The newly rebranded offering is currently on a testnet and is said to come with a 'core set of features to bitcoinize the dollar,' according to the company.
Bitcoin-based meme coins created using the new BRC-20 standard have contributed to rising Bitcoin fees, as they require more data than a standard transaction. However, proposals by some members of the Bitcoin community to block Bitcoin NFT projects through a filtering mechanism may undermine Bitcoin's fundamental principles of openness and decentralization, warns Michael Casey, CoinDesk's Chief Content Officer. While Bitcoin's governance challenges are becoming more complex, balancing innovation with the core values of the community will remain a critical task for its future success.
While there have been voices in favor of censorship, a considerable faction of developers argue that sticking to the status quo is the most judicious decision at this moment.
The cryptocurrency exchange stated that meme coins offer the potential for investors to generate substantial profits within a brief timeframe. However, it cautioned against long-term investment in these tokens.
Although the token recorded an 11% increase during the day, experts predict that the cryptocurrency's ability to maintain its upward momentum may not last.
The BRC-20 mints have had various repercussions, ranging from the suspension of bitcoin withdrawals on Binance to dissatisfaction with the unexpected surge in fees for bitcoin transactions in regions such as Africa and South America.
Although the largest cryptocurrency exchange in the world has resumed withdrawals, issues persist with the Bitcoin protocol.