Cryptoitems

At $1.16 trillion, the value hovers around its low price for May 2023, having attained a monthly high of $1.27 trillion.

Compared to one year ago, it is still lower by 9.6%.

In the last 24 hours, the total crypto market cap gained 1.24%.

Nonfungible tokens (NFTs) use case as a ticketing solution continues to grow as the mixed martial arts organization, Professional Fighters League (PFL), adopts the technology.

The PFL, which features a season format that differs from the massively popular Ultimate Fighting Championship, has partnered with Web3 firm CrossTower to roll out NFT tickets powered by Ripple’s XRP Ledger. The launch of the tickets will coincide with the start of the 2023 fighting season and marks the fifth year since the PFL began.

Nita celebrated the new record and claimed that “No one can say now Bitcoin has no value.” He bought the 10,000 pizzas at Vintage Pub Bucharest (Romania) using Binance Pay as his payment method. Binance CEO Changpeng Zhao (CZ) replied to Nita’s tweet with “Legend!”

The cryptocurrency community made Guinness World Records history on Bitcoin Pizza Day 2023. Notably, Daniel Nita, a Romanian Bitcoiner and crypto influencer, bought 10,000 pizzas with a single Bitcoin. Accordingly, the act established a new Official World Record in the category “Most Pizzas Sold in 24 hours.”

In an interview with Cointelegraph’s Joe Hall, Held touched upon various topics, including transaction fees, scaling solutions and the evolving narrative around Bitcoin as a means of payment. One of the significant concerns discussed was the recent spike in BTC transaction fees and its impact on the community.

The recent Bitcoin 2023 conference in Miami, Florida brought together cryptocurrency enthusiasts and experts from around the world. Among them was Dan Held, a Bitcoin (BTC) educator and the chief marketing officer at Trust Machines, who shared his insights on the current state of Bitcoin and its prospects.

A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin mining firm Marathon Digital Holdings through the bear market, CEO Fred Thiel told Cointelegraph.

Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer, said in an interview with Cointelegraph that as “the FOMO in Bitcoin is gone” institutional investors and portfolio managers have started to take a look at it as “a serious venue.”

The altcoin was also able to strengthen against BTC and ETH over the last 24 hours.

INJ occupies the number 1 spot on CoinMarketCap’s trending list after climbing more than 5%.

While this change may show that investors feel marginally positive, it cannot warrant a sustained upswing in the RNDR market.

A bull-bear power rating of 0.1390714 indicates that bulls now have a modest advantage over bears in the market.

Profit-taking by traders resulted in a 9.30% drop in 24-hour trading volume to $278,449,391. This decrease in trading volume illustrates investors’ cautious stance after RNDR hit the 7-day high.

The UK, South Korea, and Japan are also heavily affected by crypto scams. Since 2011, there have been 461 high-profile incidents across 45 countries, for a total of $16.7 billion in stolen crypto, mainly ERC-20 tokens.

China is the worst affected in terms of overall value. This is due to two prominent hacks, PlusToken in 2019 ($2.25 Billion) and WoToken in 2020 ($1 Billion).

Mati Greenspan Joseph Hall tries using Bitcoin to get by in El Salvador for Magazine.Checkmates Twitter profile pic. Read also Features Features Stick-figuring out how a Bitcoin Virtual Machine would work. Read also Features Features Subscribe The most engaging reads in blockchain. Delivered once a week.

Bitcoin now suffers from many of the same problems that have bedeviled Ethereum for years, including scammy memecoins and shitcoins, NFTs of monkey pictures hogging block space and skyrocketing transaction fees.