NFT Sales Surge 31% with Bitcoin NFTs Rising to Second Place in Blockchain SalesLast week, non-fungible token (NFT) sales saw a slight increase of 1.46% compared to the previous week, amounting to a total of $149.31 million from April 29 to May 6, 2023. However, sales surpassed expectations with a r

As the future of Web3 unfolds, FameEX, an emerging global secure digital asset derivatives trading platform, focuses on providing products that truly address user needs and offer positive contributions to the cryptocurrency landscape. The crux of the crypto world lies in trust with the rapid growth

The United Arab Emirates (UAE) is embarking on an innovative project to establish two large-scale cryptocurrency mining facilities. Overcoming the challenges posed by the desert climate, these data centers will adopt full immersion cooling technology instead of traditional air-cooled methods. Marath

A new Web3 effort intends to create a system with AI on the blockchain in the ChatGPT manner.Source: finance.yahoo.comThe chat to earn artificial intelligence (AI) service and associated blockchain ecosystem will go live on May 11 according to BlockGPT, a recently established Web3 company. The busin

US House Financial Committee Criticizes SEC's Custody ProposalThe chair of the US House Financial Services Committee, along with six subcommittee chairs, has penned a letter to SEC Secretary Vanessa Countryman, raising apprehensions regarding the proposed advisory clients custody rule. Their letter

1. Market TrendBetween May 8 and May 10, the BTC price fluctuated between $27,262 and $28,824.4, with a volatility of 5.73%. According to the 1-hour candle chart, after multiple failed attempts to break through the strong resistance level at $29,000, BTC started a downward trend with oscillations, u

The Bitcoin network is currently burdened with a significant backlog in its transaction mempool, as more than 390,000 transactions await processing by miners. Clearing this backlog would necessitate the mining of over 190 blocks. Unfortunately, persistent scaling issues continue to trouble the netwo

The blockchain and Web3 hub will act as a platform for information sharing and teamwork across African government agencies and digital companies.Source: u.todayTo establish a blockchain and Web3 hub in Africa, the Kenyan government has signed an agreement with the Venom Foundation, an Abu Dhabi-base

Warning Issued by Hong Kong's Monetary Authority Head Regarding Strict Crypto RegulationsThe head of the Monetary Authority has announced that Hong Kong will be implementing new licensing rules for digital asset service providers and guidelines for banks working with crypto firms. The goal is to mak

Bitcoin transaction fees and volumes have surged to an all-time high, posing a new challenge for the cryptocurrency industry. According to Axel Adler Jr, an analyst with a crypto data firm, the surge in block space demand is caused by the minting of BRC-20 memecoins on the Bitcoin blockchain. The de