China News Today Official TheBitTimes.com

A U.K. parliamentary committee called for a crack down on sports fan tokens and recommended the government issue a code of conduct for NFT platforms. A bipartisan parliamentary committee has urged the British government to protect creators from copyright infringement associated with nonfungible tokens (NFTs) and address potential harms from sporting groups issuing digital assets. In an Oct. 11 press release, Culture, Media and Sport Committee members warned the “most pressing issue” was the risk to artists’ intellectual property rights arising from the ease and speed at which NFTs can be minted, compared to the slow process for artists looking to enforce their rights. “Artists are at risk of seeing the fruits of their hard work pinched and promoted without permission while fraudulent and misleading adverts add an extra layer of jeopardy for investors involved in what is already an inherently risky business,” said committee chair Dame Caroline Dinenage. In an accompanying report, the c...

The Ethereum scaling protocol allocated $26.7 million in free coins to wallets that delegated their OP tokens to community votes and on-chain governance. Layer-2 network Optimism airdropped 19.4 million of its native token OP to 31,879 unique addresses with on-chain participation between January and July 2023. Today Optimism is announcing OP Airdrop #3. 19M OP allocated to over 31k unique addresses to reward positive-sum governance participation in the Collective. Read on for details on eligibility criteria and allocations. — Optimism (_) (@optimismFND) September 18, 2023 These wallets either delegated OP above the minimum threshold or delegated voting power to an address that voted on-chain at least once, according to Optimism’s eligibility criteria. The free tokens serve as a reward for “positive sum governance participation”, Optimism wrote. Also, the airdrop is claimless and requires no action from users.  Optimism urged vigilance from network participants to av...

Amidst false reports of rapper Lil Tay’s death, the crypto realm sees the baffling rise of two “LilTay” tokens, sparking intrigue and speculation. The sudden appearance of two crypto tokens named “LilTay” has intrigued and confused the crypto community.  With one on the BNB Chain and another on the Ethereum (ETH) platform, the situation is rife with speculation and cautionary tales.  The stage was set with a false death report of 14-year-old rapper Lil Tay, whose real name is Tay Tien. A now-deleted Instagram post claimed her death. However, it was later clarified that a third-party compromised her account. I don’t know how true this is but this was posted from a different account the brother made claiming that the parents don’t want them in the public eye anymore and took away social media accounts pic.twitter.com/GAvYhn7Ab6 — £ (@toxiccox01) August 10, 2023 Lil Tay tokens create a mess The BNB Chain version of the Lil Tay token, with a lim...

Celsius Network, which filed for bankruptcy in 2022, is selling its crypto holdings as the broader market recovers, partly due to Ripple’s win against the US Securities and Exchange Commission (SEC). Data provided by Lookonchain shows that Celsius has already sold roughly $23.5 million worth of cryptocurrencies — including $8.5 million of chainlink (LINK), $7.84 million of synthetix (SNX), $3 million of BNB, $2.26 million from 1inch (1INCH), and $1.9 million worth of ox protocol (ZRX).  Notice that #Celsius started selling altcoins. 1.27M $LINK ($8.5M), 2.83M $SNX ($7.84M), 12,597 $BNB ($3M), 4.45M 1INCH ($2.26M), 8.53M $ZRX ($1.9M), and 439K $FTX ($713K) were transferred to #FalconX. And 186,149 $BONE ($235K) was deposited into #OKEx.https://t.co/Auf2S9Z2Z5 pic.twitter.com/Dbznr0w3Le — Lookonchain (@lookonchain) July 17, 2023 Moreover, screenshots shared by the data provider also suggest that Celsius has deposited almost 439,000 FTT, worth $713,000, to FalconX. I...

Olympic champion boxer Oleksandr Usyk partners with a new blockchain-powered tokenized ecosystem platform aimed at supporting aspiring boxers. IBF, WBO and WBA heavyweight boxing champion Oleksandr Usyk has put his weight behind a blockchain platform that aims to tokenize and support the boxing industry. The Olympic gold medalist has teamed up with Ukrainian-based cryptocurrency exchange Qmall to develop the Ready to Fight platform. The browser-based platform makes use of blockchain technology to help boxers tokenize their brands to receive donations and investments as well as a means to deliver exclusive content. Ready to Fight introduces a novel means of supporting and connecting the wider boxing industry. The platform features a tokenomics ecosystem making use of its proprietary RTF tokens. Qmall is using a fork of the Ethereum blockchain to develop the in-house platform. #CRYPTO meets #BOXING! The teams of @usykaa, Lapin, & @QmallExchange unite to revolutionize the boxing in...

Masa Finance announced its deployment on the Celo blockchain with its new “Prosperity Passport” identity solution for users. A central focus for many in the Web3 community has been improving identity solutions available to consumers. Last year the emergence of soulbound tokens (SBT) introduced a new way for users to define themselves.  Although the SBT hype quieted over the last months, they have not disappeared off the scene. On Mar. 1, the SBT protocol Masa Finance announced that it will deploy on the carbon-negative Celo Blockchain to create a new identity solution .  More than 10 million wallets active in the Celo ecosystem will be able to generate a Masa “Prosperity Passport.” This new Web3 identity solution allows users to mint a variety of SBTs related to their digital life, such as an authenticated user verification SBT, a credit score SBT, a community reputation SBT and a .celo domain name SBT. Calanthia Mei, the co-founder of Masa Finance said nonfungible tokens (NFTs) we...

NFT marketplace tokens are gaining the market’s attention and Blur’s recent airdrop could extend the trend. Cumulative NFT trading volume trended higher in January and data from a recent Delphi Digital report showed monthly volumes reaching an eight-month high above $1 billion. The key factor that influenced NFT trading was Blur token airdrop on Feb. 14. Since its launch last year in Q3 2022, Blur has rewarded users with “care packages,” which can be redeemed for tokens starting Feb. 14 at 12 p.m. EST. Many users have tried to farm these airdrops, increasing the platform's trading volume. Since the start of 2023, Blur’s trading volume has surpassed that of OpenSea, the market leader in the NFT trading space. NFT Marketplace market share by 7-day volume. Source: Dune Airdrops often create excitement in the market of thrilled users who receive free money and FOMO from those who missed out. It’s likely that the next step for the Blur team will be to launch new liquidity mining campai...