
Altcoins offer diverse use cases like faster transactions, privacy, and unique consensus mechanisms. Popular ones include Ethereum for smart contracts, Litecoin for faster payments, and stablecoins like Tether for price stability, allowing portfolio diversification and exposure to innovative blockchain technologies.
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CryptoPunks NFT collection faced backlash over "woke" artwork by artist Nina Chanel Abney, leading to Yuga Labs abandoning future plans. The collection aimed to introduce NFTs to traditional art collectors but drew criticism for its reimagined CryptoPunk traits and "Super Cool World" attributes
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Bitcoin's price holds firm above the crucial $66,000 support level, instilling optimism among traders. Some believe a local bottom has been reached, with Bitcoin currently trading at $67,188, up 10.2% over the past week and 4.73% in the last month, following the recent halving event.
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The global crypto market cap rose 5.9% to $2.51 trillion, with Fantom (FTM) leading gains at 25%. Worldcoin launched a new secure multi-party computation system and deleted old iris codes. Netki unveiled DeFi Sentinel on Sui, while peaq joined Mastercard's Start Path program to accelerate adoption
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Degen Chain, a Layer-3 network, faces a block production issue, halting transactions for over two days. The network's downtime, attributed to a custom config change, is being addressed by Degen Chain and its partner Conduit. Users await the resumption of functionality post-resync, expected around 1:00 pm UTC on May 15.
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An NFT trader lost over $145,000 in a BAYC phishing scam, with three valuable Bored Ape Yacht Club NFTs stolen from their wallet. The attacker, known as PinkDrainer, sold the NFTs for 48.5 ETH. This incident highlights the risks of phishing scams in the crypto industry, with over $104 million lost to such scams in 2024
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Binance and KuCoin have been granted approval by India's Financial Intelligence Unit (FIU-IND), allowing them to resume operations in the country after being banned last year. This move marks a shift in credibility for the crypto industry in India, as the exchanges registered with the anti-money laundering regulator.
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