August is shaping up to be a record month for nonfungible token sales with almost $900 million spent on them over the past 30 days.To get more news about ENJ, you can visit wikibit.com official website.
　　According to data from the tracking portal Nonfungible, $896 million has been spent on NFTs over the past 30 days. The number is very likely to exceed $900 million by the end of the month marking a new record for the burgeoning industry.
　　The number is more than triple the previous best month for NFT sales in May when $255 million were sold. August has seen sales skyrocket and it has been largely down to CryptoPunks and Axie Infinity.
According to Cryptoslam, a record $397 million in CryptoPunk sales have occurred so far this month. The average sale price for the pixelated punks is a whopping $214,000. One of the most expensive ones ever sold was number 7523, a rare alien punk wearing a face mask that went for a whopping $11.5 million in a Sothebys auction in June.
　　Earlier this week, credit card giant Visa announced that it had purchased its own CryptoPunk for 49.5 ETH, worth just under $150,000 at the time of purchase. Head of crypto at Visa Cuy Sheffield said:
"With our CryptoPunk purchase, were jumping in feet first. This is just the beginning of our work in this space."
　　Chinese industry outlet Wu Blockchain reported that Chinese investors are buying up CryptoPunks like proverbial hotcakes. Cai Wensheng, the founder of smartphone software firm Meitu, splashed out on CryptoPunk 8236 with 125 ETH, roughly $387,000.
　　Meitu was one of the first publicly traded companies in China to bet big on cryptocurrencies, purchasing $100 million in Bitcoin and Ethereum earlier this year.
　　NFTs have also been driving the adoption of the staking cryptocurrency Tezos. According to a blog post earlier this year, Tezos NFT platforms have proven to be attractive for artists due to low transaction fees and a more energy-efficient proof-of-stake consensus mechanism favored by eco-conscious artists.

　　The Chinese internet giant and TikTok parent company, Bytedance may allegedly join the NFT marketplace. Bytedance founder, Zhang Yiming recently joined a WeChat NFT group, giving away the company's upcoming plans. Reportedly, Bytedance will acquire the Virtual Reality (VR) firm, Pico as a confirmation of entering the Non-Fungible Token (NFT) sphere.To get more news about KNC, you can visit wikibit.com official website.
Bytedance has purportedly entered VR with a hefty amount of 5 billion Yuan, VR Gyro News reported on August 26. However, the company has not made any official statements about its move into the metaverse, but its actions have spoken louder.
　　Pico is China's VR hardware manufacturing giant. It has secured the first position in the Chinese VR market in 2020 according to the IDC report. Furthermore, Pico has successfully closed Series B Financial round at RMB 242 million, during March this year. In 2021 itself, the Chinese VR manufacturer launched the latest generation of VR all-in-one Pico Neo 3, priced at 2499 Yaun. The launch saw surprising success with over 10 million in sales in the span of 24 hours.
　　China may witness an uprising to support crypto
　　Bytedance‘s acquisition of Pico can allegedly change the weather of the crypto crackdown in China. The high-ranking market position of these two brands may heat, the underlying uprising in the Chinese market against the government's crypto crackdown.
China is seeing a steady insurgency being created while the government actively works towards the expansion CBDCs and extinction of the decentralized system in China. Chinese SaaS solutions and Blockchain applications provider, Powerbridge Technologies Co., Ltd. recently signed a crypto mining rigs partnership with Cryptodigital Holdings Ltd. Powerbridge has revealed the purchase of 5,600 Bitcoin (BTC) and ETHereum (ETH) Mining Rigs by October 2021.
　　The company also shared that upon the completion of the initial operations of mining rigs, with increased crypto production potential hikes, they plan on purchasing more mining rigs in the foreseeable future. Powerbridge‘s gravitation towards the crypto market was followed by China's district court support of BTC. The court announced the status of Bitcoin as digital property in a recently published piece.

　　After its rejection at the $50,000 overhead resistance, Bitcoin fluctuates between $48,000 and $49,000 price levels as Bitcoin retests $50K. In the first instance, BTCs price dropped sharply to the low of $48,200. Later it pulled back above $49,000. The bears would have sunk Bitcoin if it has broken below $48,000 support.To get more news about ALGO, you can visit wikibit.com official website.
　　In todays candlestick, BTC price plunged to $48,200 support and then pulled back. The pullback was above the $49,000 high. The candlestick is done with a small body and a long tail. The long candlestick tail describes that there is strong buying pressure above the $48,000 support. On the upside, the retest at the $50,000 high will continue as long as the $48,000 support holds. Besides, the bullish runs will continue if the BTC price closes above the $50,000 psychological price level. Besides, further rejection at the $50,000 high will cause Bitcoin to fall to the breakout level of $42,000 price level. Meanwhile, the RSI period 14 is at level 60. It indicates Bitcoin has room to rally on the upside. Bitcoin is trading at $49,440 at the time of writing.
　　BTC/USD is above the 80% range of the daily Stochastic. It indicates that the crypto is trading in the overbought region. This implies that the bullish momentum is likely to subside. In other words, sellers are likely to emerge in the overbought region to push prices down. Meanwhile, in a strong trending market, the overbought condition may not hold. Bitcoin will continue to rise on the upside.

In its recent note cited by Business Insider, JPMorgan claims that the ongoing rally should be viewed as a major red flag by cryptocurrency market investors.To get more news about ONT, you can visit wikibit.com official website.
　　The largest U.S. bank believes that the renewed altseason is a sign of market froth: "Cryptocurrency markets [ARE] looking frothy again."
　　JPMorgan points to the fact that alternative cryptocurrencies now comprise a third of the total market cap.
　　For more blockchain news, please download WikiBit- the Global Blockchain Regulatory Inquiry APP.
　　As reported by U.Today, Cardano surpassed the $3 price level for the first time earlier today. The cryptocurrency has been on a roll in anticipation of its smart contract launch, which has been scheduled for Sept. 12. ADA is up more than 1,500% in 2021.
　　SOLana recently broke into the CoinMarketCap top 10, soaring by more than 70% within just one week. The high-throughput "ETHereum killer," is benefiting from the booming decentralized finance space and the mania surrounding non-fungible tokens (NFTs).
　　JPMorgan sticks to the view that the current uptrend is driven by another retail mania instead of technical factors:
　　The share of altcoins looks rather elevated by historical standards and in our opinion it is more likely to be a reflection of froth and retail investor 'mania' rather than a reflection of a structural uptrend.
　　"Be fearful when others are greedy"
　　In June, J.P. Morgan's global market strategist Nikolaos Panigirtzoglou noted that Bitcoin dominance was the key indicator to watch for determining bear market phases.
　　Its consistent decline could mean that a major correction could be on the way since exuberant market participants tend to bet more aggressively on altcoins due to their growing risk-on appetite.
　　In mid-May, the Bitcoin dominance indicator bottomed at roughly 39% when the canine coin frenzy was in full force. This market euphoria preceded a major correction that took place on May 19. It took the market more than three months to recover to previous highs.
In early January 2018, Bitcoin's dominance slipped to its current all-time low of just 33%, which coincided with the peak of the ICO mania and the top of the previous bull run.

Bitcoin price extended its increase above the USD 50,000 zone. However, the bulls failed to gain strength above USD 50,250 and BTC corrected lower. It is currently (05:23 UTC) conSOLidating gains and it might attempt a fresh break above USD 50,000.To get more news about LRC, you can visit wikibit.com official website.
　　Besides, most major aLTCoins are showing positive signs. ETH remained supported above USD 3,700 and it is back near USD 3,800. XRP is consolidating well above USD 1.25, and it could rise towards USD 1.30. ADA is also consolidating in a range near the USD 3.00 zone.
Bitcoin price
　　After clearing the USD 50,000 zone, bitcoin price failed to extend gains. BTC formed a high near USD 50,400 and it started a downside correction. It dipped below USD 49,200, but the bulls were active near USD 48,500. The price is now rising, and it is back above USD 49,500.
　　On the upside, an immediate resistance is near the USD 49,800 level. The main resistance is still near the USD 50,000 level. A close above USD 50,000 could acCELerate gains in the near term.
Ethereum price
　　Ethereum price also corrected lower below USD 3,750, but it remained well bid near the USD 3,700 zone. ETH formed a base above USD 3,700 and it climbed back above USD 3,800. The next key resistance is near USD 3,850, above which the price might rise further towards USD 4,000.
　　If there is another downside correction, the price could find support near USD 3,720. The next major support is near the USD 3,700 level.
ADA, LTC, DOGE, and XRP price
　　Cardano (ADA) broke the USD 3.00 resistance and it tested USD 3.10. Recently, there was a downside correction below USD 3.00, but the price is stable above USD 2.88. The next key support is near USD 2.85, below which there is a risk of a move towards the USD 2.65 support.
　　Litecoin (LTC) broke the USD 185 resistance. It even tested the main USD 188 resistance. LTC is now consolidating near USD 185, with an immediate support at USD 180. To continue higher towards USD 200, the price must clear the USD 188 resistance zone in the near term.
　　Dogecoin (DOGE) broke the USD 0.300 resistance, but it faced sellers below USD 0.312. It tested USD 0.310 before correcting lower. The price is now consolidating near USD 0.300, with a decent support at USD 0.292. The next major support is near the USD 0.285 level.
　　XRP price gained pace above the USD 1.28 resistance. However, there was no test of the USD 1.30 resistance. The price corrected lower, but the bulls are protecting USD 1.28. If there are more losses, the price could test USD 1.265. Conversely, there might be a fresh increase towards the USD 1.30 level.
Other altcoins market today
　　Many altcoins are up over 5%, including MIOTA, SOL, AVAX, HOT, BTG, CEL, REV, BTT, KSM, WAVES, AUDIO, TRX, and NEAR. Out of these, MIOTA rallied by 30% and it surpassed the USD 1.5 level.
　　Overall, bitcoin price is stable above the USD 48,500 and USD 49,200 support levels. If BTC settles above USD 50,000, it could resume its rally towards USD 52,000.

Pengujian tersebut merupakan sebahagian daripada usaha terbaharu Project Dunbar oleh Bank for International Settlement (BIS) yang mahu mewujudkan prototaip platform bersama (shared platforms), membolehkan penyelesaian antarabangsa dilakukan.To get more news about BNB, you can visit wikibit.com official website.
　　Penjelasan melalui kenyataan rasmi pada hari ini: "Platform multi-CBDC ini akan membolehkan institusi kewangan untuk menjalankan transaksi secara langsung antara satu sama lain dalam bentuk matawang digital yang dikeluarkan oleh bank pusat yang terlibat, sekaligus menyingkirkan keperluan perantara dan mengurangkan tempoh masa dan kos transaksi."
　　Projek ini diterajui oleh BIS Innovation Hub Singapura merancang untuk bekerjasama dengan beberapa rakan kongsi bagi membangunkan prototaip teknikal di platform teknologi lejar diedarkan yang berbeza.
　　Mereka juga akan meneroka pelbagai reka bentuk pentadbiran dan pengoperasian yang membolehkan bank pusat berkongsi infrastruktur CBDC, sekaligus menyokong roadmap G20 dalam meningkatkan keupayaan pembayaran rentas sempadan.
　　Dijangka prototaip teknikal platform bersama akan didedahkan di Singapore FinTech Festival pada November ini.
　　Selain daripada empat negara ini, satu lagi projek yang berbeza melibatkan penggunaan CBDC dalam pembayaran rentas sempadan sedang dalam penelitian melibatkan China, Hong Kong, Thailand, dan Emiriah Arab Bersatu (UAE).

　　El Salvadors Bitcoin embrace may be a domino for some emerging markets, but a fierce rival to the BTC is also coming to the fore. Macro strategist Ben Emons explains.To get more news about Blockchain Project, you can visit wikibit.com official website.
　　　El Salvador was challenged on the first day of the new Bitcoin law coming in effect. The Chivo Wallet - which allows consumers to purchase goods and services in Bitcoin - temporarily shut down. While a technical glitch can happen, the impact on Bitcoin was dramatic with a spillover to El Salvador bonds, which jumped and caused the yield curve to sharply invert. It was an unwelcome sign that a wide use of Bitcoin may have major implications for the Salvadoran economy and the governments ability to pay interest on the debt.
　　Bitcoin is now a currency to El Salvador, and the country - if it so wishes - could use Bitcoin exclusively to purchase goods and services. But relying on Bitcoin for commerce means the economy would be subject to liquidity and volatility of Bitcoin that cannot be controlled with domestic monetary policy. It reminds of previous emerging market crises such as in Argentina and Venezuela, where a foreign currency (the U.S. dollar) dominated domestic activity to such an extent that a shortage of foreign currency could cause economic paralysis.
In the case of El Salvador, a wide adoption of Bitcoin is limited to the amount purchased by the Salvadoran government. Other central banks are following a different route. A recent initiative in the Asia Pacific to pilot a cross-border test of a central bank digital currency is a noteworthy alternative to El Salvadors move to adopt Bitcoin as legal tender.
　　Australia announced it is participating together with the central banks of Malaysia, Singapore, and South Africa in "Project Dunbar" to develop prototype platforms to enhance international digital settlement of currencies and securities. Such platforms could enhance the speed of settlements and delivery of securities, currency, and commodities, thereby drastically lowering the transaction costs between financial institutions and intermediaries.
　　But such is not likely achieved without more volatility of Bitcoin and other crypto assets. The price swings indicate that the crypto market is trading with a much closer connection with physical and financial assets, as an expression that two worlds - crypto and global financial markets - are becoming increasingly interconnected.
　　The fact that El Salvadors bonds were impacted by the change in the value of Bitcoin means that the financial system is moving faster to a reality of digital payments, transactions and issuance. But there are other reasons why the crypto universe is shaking. The boom in NFTs - non-fungible tokens - is sparking volatility in Ethereum gas prices, where gas fees for NFT-trading have hit a new high.
　　A sudden interest by crowds of "meme traders" for NFT has driven demand for Ethereum in high gear to enable NFT trading. As a result, the social sentiment ETF - BUZZ - is positively correlated with the Grayscale Ethereum Trust. Such correlations and connections between Bitcoin, crypto and financial assets did not exist before. The financial relationship between Bitcoin and El Salvador bonds, Ethereum gas prices and social sentiment stocks is strengthening because digital assets are rapidly embraced by institutional and retail investors as a compelling, alternative asset to diversify portfolios invested in conventional stocks and bonds. Yet, it is a logical output of a financial eco-system evolving into digitalization of markets that includes a fast growing, newly emerging digital derivatives industry.
　　For the near term, Bitcoins ability to rebound is not as stunning as before. Markets cannot ignore that crypto is a necessary means to transform existing trading technology to a next level.

　　coinbase and Robinhood are two of the most popular places to trade cryptocurrencies, but which one is better for YOU？ The answer depends on YOUr needs, especially on how much crypto trading you intend to do and the costs youre willing to pay.To get more news about Huobi Global, you can visit wikibit.com official website.
　　Coinbase and Robinhood may appeal to different kinds of traders, though theres likely some significant overlap. Coinbase is a cryptocurrency exchange that targets traders deeply in the world of digital currencies. In contrast, Robinhood is a trading app that allows users to buy and sell stocks, ETFs, options and some types of crypto for no out-of-pocket cost.
The cost structure at Coinbase and Robinhood are significantly different, and it doesn‘t help matters that Coinbase purposely obscures much of its fee structure from potential customers (though it does disclose them before you actually place a trade). That said, Robinhood is not exactly straightforward about how it's compensated either.
　　The fee structure at Robinhood is simple, relative to Coinbase‘s. In keeping with the broker's "no commissions" model for stock and options, you won‘t pay any cost directly out of your pocket for buying and selling crypto. Instead, the cost of trading is effectively rolled into a spread markup on the trade. So you'll effectively pay more when you‘re buying and receive less when you're selling than if you received the best market price at the moment of your trade.
　　Coinbase‘s fee structure is confusing, to say the least. Not only does it charge varying fees based on how much you purchase, it has a basic tier of service and a pro tier, each of which have different fees. And recently Coinbase began to obscure the fees for its basic service, making it difficult for prospective customers to see how much they're paying (Spoiler alert: prices are high if youre buying just a little bit of crypto on the basic tier.)
　　For smaller transactions, youll pay a spread mark-up of 0.5 percent of your trade value plus a flat fee based on the size of your transaction:At the lowest levels, around $10, you‘ll pay a fee that eats up nearly 10 percent of your purchase. But even at $200, you're still paying a hefty 1.5 percent or so. And that‘s on top of the 0.5 spread mark-up that's already factored into the purchase or sale price.
　　At purchase amounts above $200, youre still paying that 0.5 percent spread mark-up while a variable fee depends on your source of funds:If you opt to use Coinbase Pro, the company‘s higher service tier, you'll be able to score lower overall fees, even if you‘re trading with lower amounts. Coinbase is clearer about these fees but the structure is scaled and depends on whether you're adding liquidity (where the commission ranges from 0 to 0.5 percent of trade value) or taking liquidity (with commissions ranging from 0.04 to 0.5 percent).
　　Advantage: Robinhood, for the simplicity of its fee structure, even if its disclosure is no better than the one provided by Coinbase.
　　Available coins
　　Coinbase supports trading in more than 90 different cryptocurrencies, including the biggies such as bitcoin, Ethereum, Cardano, SOLana, DOGEcoin and more. So you‘re likely to find what you're looking for and even plenty that you aren‘t. Sure, Coinbase doesn't offer thousands of other much smaller digital currencies, but that wont matter for almost anyone but niche traders.
　　In contrast, Robinhood allows users to trade in just seven digital currencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin. However, the app does give traders access to real-time data on these cryptos and nine others. The company has said that it‘s working on adding more coins to its platform, but it's not clear when that could occur.
When it comes to the type of securities being offered, Coinbase is all crypto, all the time. If you want anything else - stocks, ETFs, options - youll have to find it elsewhere.
　　In contrast, Robinhood offers a wider range of securities, including stocks, options, ETFs and cryptocurrencies, though it doesnt offer bonds or mutual funds. Still, the app will reel in plenty of traders with what it does offer, so it can appeal to a wide audience even with a shallower pool of crypto.If you‘re looking to handle custody of your crypto assets yourself, Coinbase is your pick here. The exchange offers its own wallet, but you can also take custody of the assets yourself through your own wallet. So you can pick the solution that fits your needs best, whether you're looking for a hardware wallet or software wallet or you just want to leave it with Coinbase for trading.
　　Robinhood does not offer a wallet, so traders will be forced to hold their crypto with the broker, as they would for stocks and other assets. The company has said it intends to offer a crypto wallet but hasnt laid out a timeframe for doing so.

U.S. Senator Cynthia Lummis took to the Senate floor on Wednesday to explain her views on a prospective U.S. central bank digital currency.To get more news about BTC, you can visit wikibit.com official website.
　　Highlighting the role of a CBDC in the next era of finance, Lummis said: "Americas leadership in global financial services is a heritage our country can rightly be proud of."
　　The Wyoming senator went on to outline a vision for a CBDC that is a direct debt instrument with the Federal Reserve, as opposed to stablecoins, which are a claim on commercial bank money or other assets. She was especially concerned with the importance of programmability, which she highlighted as a key distinction between existing digitized versions of the dollar and a true CBDC.
　　"Programmability focuses on the characteristics of money, including the identity of the owner, the amount of money being transferred and the conditions in which the outside world can interact with that money," Lummis explained. She further insisted on the importance of continued privacy, saying: "We cannot allow a CBDC to become a panopticon."
　　These concerns have cropped up often in discussions of a CBDC, but this is the first time a Senator has spoken at length on a positive vision for such a development on the shared Senate floor.
　　A digital dollar has been the subject of a great deal of interest, especially in light of a coming report from the Federal Reserve, which Lummis mentioned as background to her remarks.
　　Lummis also brought up private stablecoins. Legislators and regulators, including at the Fed, have taken to presenting CBDCs and private stablecoins as likely to operate in contention. Lummis denied the comparison to "wildcat banks" of the 19th century - a comparison that Securities and Exchange Commission Chairman Gary Gensler made at a hearing before the Senate Banking Committee in mid-September. She did, however, say:
　　"Stablecoins also present certain novel risks to the united states economy. In particular, stablecoins should be 100% backed by cash or cash equivalents and should be audited regularly."
　　For more blockchain news, please download WikiBit- the Global Blockchain Regulatory Inquiry APP.

A South Korean regulatory chief has renewed calls for stronger CRYPTO sector policing, but an industry association has warned that billions of USD worth of damages could follow if crypto-only exchanges are allowed to go bust.To get more news about ETH, you can visit wikibit.com official website.
　　According to Seoul Finance, the new Financial Services Commission (FSC) Chairman Koh Seung-beom announced that he would seek to "strengthen the monitoring of crypto exchanges" to ensure that they return customer deposits in a timely manner and follow other regulatory protocols.
　　Koh was speaking to reporters after meeting with the heads of eight policy and financial institutions at Seoul, where he discussed crypto and other matters.
　　Koh was quoted as stating:
　　"The Financial Intelligence Unit [a regulatory agency that answers to the FSC] cryptoasset-related labor resources have been increased and a cryptoasset inspection department has been established. We will check with the FIU to see if we are on the right track."
　　But the industry is doing what it can to push back against regulatory policies that have seen all but four of South Korea‘s crypto exchanges close or limit their services to crypto-only operations in the past few days. News1 quoted the head of the Korea Blockchain Enterprise Promotion Association as urging politicians to support a private member's bill in parliament that would seek to unpick the current regulations and open the door for crypto exchanges that have no bank affiliations to offer fiat KRW trading.
　　The association was quoted as stating that the government and regulators had ignored the will of the "National Assembly, industry experts and the media," allowing only "large corporations" to offer crypto exchange services.
　　It added that it was a "bitter pill to swallow for the "39 medium-sized exchanges who had also invested billions of KRW to build various systems and to obtain information security management system certification - only to be told they had to switch to crypto-only business.
　　Trading figures have shriveled at most non-big four exchanges in the days following last weeks regulatory deadline.
　　Allowing these exchanges to go out of business could compromise the holdings of up to USD 8.4bn worth of customer funds, the association warned.
　　Meanwhile, across the sea to the East, Japanese regulators have been urged to limit or police peer-to-peer (P2P) crypto transactions.
　　Per Nikkei, legal experts have claimed that "direct [crypto] transactions between individuals have emerged as a hotbed of crime."
　　The media outlet noted that the regulatory Financial Services Agency monitors transactions "through exchanges, but mainstream interpersonal transactions are not monitored."
　　Experts called for a crypto fraud "deterrent," and added that a joint "public-private sector collaboration" was "required to create, improve and spread" the "technical capabilities of tracking software."

The Bank of England today announced members of two forums that will explore a potential central bank digital currency (CBDC) in the UK. The forum members include PayPal and Google bigwigs among representatives from many Silicon Valley giants.To get more news about LTC, you can visit wikibit.com official website.
　　CBDCs are digital versions of a fiat currency-like pound sterling, the euro or dollar-backed by a central bank. Countries around the world are currently researching the benefits of developing them. Some countries-such as China and the Bahamas-have already rolled out or are in the testing stages of a CBDC project.
　　The UK has so far been comparatively slow, and has only announced research into such an asset. But todays announcement shows that the Bank of England is at least consulting with top experts in the tech and finance space. The forum will research and provide feedback to the Bank on how a CBDC could-or couldn't-work in the UK.
　　"The Forum will help the Bank to understand the technological challenges of designing, implementing and operating a CBDC," the announcement read.
　　The members of the CBDC Engagement Forum and CBDC Technology Forum include Edwin Aoki, who serves as CTO, blockchain, cryptocurrency and digital currencies at PayPal, Matthieu Saint Olive, the CBDC and payments manager at ConsenSys, and Ashley Lannquist, project lead, blockchain and digital currency at the World Economic Forum. (Disclosure: ConsenSys Mesh funds an editorially independent Decrypt.)
　　Other members include Mark Shaw, director of global payments strategy for music streaming provider Spotify, Charlotte Hogg, the CEO of Visa Europe, and Diana Layfield, the president of EMEA partnerships at Google.
　　The two forums merged in April to explore whether a CBDC will work in the UK. The idea with a CBDC, in the UK at least, is that it would work to compliment cash but would be a fast and secure way of sending money and making payments.
　　Bank of England boss Andrew Bailey has repeatedly said that he doesnt consider decentralized digital assets, like Bitcoin, to be money.
　　But he has said stablecoins-assets pegged to fiat currencies though different to CBDCs-could become an important part of the future financial landscape.
　　For more blockchain news, please download WikiBit- the Global Blockchain Regulatory Inquiry APP.

The new ERC-4337 update proposal has been announced by Vitalik Buterin. The ETHereum developer has discussed the new features that will be introduced with the update and the possibilities that the new ERC brings to the network.To get more news about BCH, you can visit wikibit.com official website.
　　Account Abstraction introduction
　　The most important update for the ETHereum network will be Account Abstraction, which has been awaited by both the developer and user communities. The update adds new verification logic for individual users' wallets. It creates new functions for wallet developers, which will now be able to implement futures like multiple signatures, social recovery and new signature algorithms.
　　The aforementioned functions are already present in the modern wallet, but in order to use them, developers have to use additional transactions and spend excessive amounts of GAS. Users have to hold some ETH on an external account or use relay systems that usually work in a centralized manner.
　　Previously presented EIP-2938 was already designed to fix the issue, but it also required Ethereum protocol changes that do not mesh well with the current developer focus (the scalability issue). In the newly presented proposal, the same goals will be achieved without consensus-layer protocol changes.
　　How does the new proposal work？
　　The key function that the update will bring is the new transaction logic that allows the implementation of new uses without changing Ethereum's protocol. With EIP-4339, developers decided to create a new layer that will contain the user's commands and create a queue that will then be bundled and sent out to the block as a transaction.
In his article, Buterin described numerous properties that the new transaction logic brings to the chain. Actors on the chain will now be decentralized since everything is being done through a P2P mempool, simplified user-side wallet setup, full EIP-1559 support and DOS attack protection.
　　An early version of the update is expected to be released soon. Right after that, the proposal will go through safety audits and will be released on testnet.
　　For more blockchain news, please download WikiBit- the Global Blockchain Regulatory Inquiry APP.

The latest development in the South Korean crypto crackdown saw the South Korean Financial Services Commission (FSC) ban Virtual Asset Service Providers (VASP) and their employees from trading their platforms Native tokens.To get more news about LINK, you can visit wikibit.com official website.
　　The government has introduced this ban using the conflict-of-interest rule, followed by proposing a revision to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information. The proposal was further approved in lieu of encouraging and enabling further transparency in the crypto sphere, at a cabinet meeting held on September 28.
　　"The conflict-of-interest rule prohibits VASPs from trading virtual assets issued by their own platforms or by other specially related entities and restricts operators and staff members of VASPs from trading virtual assets via their own platforms. The measures are intended to prevent damages to users and improve transparency in virtual asset transactions."
　　The FSC has given one month notice period. The commission noted that VASPs will be required to set forth internal control standards that will regulate insider trading. The time frame to set these standards will be one month from the date of the announcement. Failure to do will result in the suspension of services and will further lead to a fine of up to 100 million won, i.e., $85,000.
　　"VASPs are required to set up internal standards regarding the conflict-of-interest rule within one month. A failure to implement the rule may be subject to suspension of a business or up to KRW100 million in fine."
　　South Korea moves past the crypto licensing deadline
　　Amid the expanding South Korean Crypto Crackdown, Chinas top exchange, OKEx announced halting any further business expansion in the nation. Furthermore, Cryptocurrency derivatives exchange, Bybit also revealed the suspension of Korean language support from its platforms, along with its official South Korean community on social media from September 20 onwards, as licensing deadline of 24th September passes away.
　　South Korean Regulators are standing strong with their crypto regulations‘ structure. The FSC demanded crypto exchanges to register with Korea's anti-money laundering agency, the Financial Intelligence Unit, as well as obtain partnerships with banks to facilitate real-name accounts.

Mada Aflak, senior software engineer at Twitter, has shared a feature that allows users to set NFTs as their profile picture.To get more news about EOS, you can visit wikibit.com official website.
　　Developer Demonstrates NFT Feature
　　In a video, Aflak demonstrates the feature. Users will be able to edit their profile, connect a cryptocurrency wallet, and import their OpenSea collection. Then, they can choose an avatar from their collection of non-fungible tokens (NFTs) or cryptocollectibles..
The profile picture is also marked with a badge containing an ETHereum logo to verify that the image is an NFT, as opposed to an image of an NFT that the user does not own.
　　In her example, Aflak makes use of a CryptoPunk NFT, which appears to be item #8219 and one of 24 Ape punks.
　　Aflak invited users to submit suggestions. "I would really love if you can share your ideas [and feedback] on how we can serve better the NFT community on Twitter," she wrote.
　　Twitter Embraces NFT Trend
　　Previously, many Twitter users set NFTS as profile pictures simply by uploading the relevant image file. CryptoPunks and Bored Ape Yacht Club NFTs have become particularly popular avatars.
　　However, there has not been any way for readers to verify that another user actually owns the NFT containing the image. This feature will provide a partial solution to that problem.
　　Twitter hinted at the feature when it introduced cryptocurrency tipping last week; a launch date has not been announced.
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Investors in Evolved Apes, a recently launched "pfp" - short for profile picture - nonfungible token (NFT) are grappling with the disappearance of the projects anonymous developer.To get more news about XRP, you can visit wikibit.com official website.
　　Going by the moniker "Evil Ape," the developer has allegedly lived up to the name by vanishing with 798 ETHer (ETH) worth over $2.7 million from the projects coffers.
　　The reportedly stolen funds covered both the money realized from the initial minting process and the ETH traded in the secondary sale of the NFTs on the OpenSea marketplace.
　　Indeed, Evolved Apes had been one of the hyped NFT mints of recent with the 10,000-strong collection reportedly selling out in 10 minutes and the floor price rising steadily following the swift sale.
　　However, the projects storefront on OpenSea shows a tanked floor price of 0.005 ETH, significantly lower than the original minting cost. The decline in the floor price is no doubt linked to the current rug pull scandal rocking the project.
　　Apart from allegedly siphoning all the project‘s money, Evil Ape also took down the Evolved Apes' Twitter account and website.
　　Before absconding with the $2.7 million, Evil Ape and the projects creators had promised to ship a blockchain fighting game, a common promise among several avatar-style NFT developers.
Some members of the community have come together to continue the development of the project under the umbrella of "Fight Back Apes."
　　The entities behind the new faction say they wish to create a more community-centric operating model for the project, including a multisig wallet, to prevent the repeat of another Evil Ape debacle.
　　With Evil Ape still receiving the 4% royalties on secondary sales, the current plan is to create a new project that will airdrop new NFTs to current holders.
　　NFTs have arguably dominated discourse in the crypto space in 2021 with massive platforms like OpenSea recording massive trading volumes.
　　Given the popularity of NFTs, it is perhaps unsurprising to see alleged rogue actors like Evil Ape attempting to con unsuspecting victims.

During his Wednesday appearance on CNBC, Galaxy Digital CEO Mike Novogratz recently predicted another Bitcoin rally by the end of 2021.To get more news about TRX, you can visit wikibit.com official website.
　　He came up with a horse racing metaphor, claiming that a horse that turns the corner near the finish line tends to win:
　　"In investing, you know, the great asset class, as it gets close to the year-end, the asset class thats done the best usually has a great finish."
　　$40,000 is important
　　Novogratz believes that the market is currently in "consolidation mode," adding that its important for Bitcoin to hold the $40,000 level.
　　However, he doesnt rule out that the benchmark crypto could revisit $38,000 before seeing more upside.
　　For now, he expects the streak of choppy trading to continue.
　　Another red September
　　Despite a strong start, Bitcoin is set to finish yet another September in the red, with Chinas most recent crypto ban exerting more bearish pressure on the top cryptocurrency.
　　In his recent tweet, Novogratz also mentioned the U.S. Federal Reserve‘s taper talk and the $45,000 resistance as the key reasons for the cryptocurrency's current weakness.