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The latest episode of The Simpsons, “Treehouse of Horror XXXIV,” took a dig at NFTs (non-fungible tokens) with several references to the overvaluation of these assets. The first chapter of the episode titled, “Wild Barts Can’t Be Token” aired on Sunday in the US. In this episode, Bart was accidentally turned into an NFT, with Marge battling through a blockchain-powered world to rescue him. The Simpsons Just Made A Full NFT Episode… pic.twitter.com/C7jSuuJ5XW — Cloudz (@FamousCloudzz) November 6, 2023 Mocking The Value Of NFTs The episode also Features multiple appearances by top NFT collections, such as the Bored Ape Yacht Club (BAYC)and Beeple. The BAYC floor price is up by 1.71% in the last 24 hours but remains far below its peak prices. The Simpsons mocked the valuation of some NFTs during the episode. After Bart’s tokenization into an NFT, Homer is initially upset but is later enthusiastic about the $1.5 million valuation of ...

Wall Street Memes ($WSM) has come from a standing start to become the 4th-most-traded meme coin in global crypto markets. The astonishing achievement comes just six days after its first centralized exchange listing, with more listings due to be announced on Wednesday. Nearly $60 million $WSM has been traded since the token was listed on OKX on 26 September. That compares with $79 million for Pepe, $103 million for Shiba Inu, and $222 million for Dogecoin – no mean achievement for a six-day-old token. Over the weekend, $WSM beat Pepe and Shiba Inu in 24-hour volume traded. Rumors swirl that the following exchanges to list $WSM could include Binance or Kucoin.  As volume piles up for Wall Street Memes, trading interest is exactly the metric that exchanges seeking out new coins to list are most interested in. $WSM Climbs the Ranks: Now the 4th Most Traded Meme Coin in the Last Week Currently, $WSM can be traded on OKX, HTX, MEXC, LBank, CoinEx, BitMart, and BingX centraliz...

Crypto influencer Ben Armstrong, known as ‘Bitboy Crypto,’ was released from jail on bail of $2,600 after he was arrested while attempting to live stream a confrontation with a former business partner. The Gwinnett County Sheriff’s Department’s online record showed that Armstrong w as arrested for “loitering/prowling” and “simple assault by placing another in fear.” He spent eight hours in jail.  “This is the hardest tweet I ever have had to make,” he tweeted sarcastically soon after his release. “I need to make a confession I never imagined I would admit .I’m not even really sure if I have the courage to say it but I’m going to do my best. Here it goes: My name is Ben and I’m a loiterer. I did 8 whole hours in the slammer.” This is the hardest tweet I ever have had to make. I need to make a confession I never imagined I would admit I’m not even really sure if I have the courage t...

Binance is partnering with Japan’s biggest bank to launch stablecoins in Japan by the end of next year. Binance said its conducting a joint study of stablecoins pegged to fiat currencies including the yen and other foreign currencies with Mitsubishi UFJ Trust and Banking Corporation (MUTB), which is a unit of the nation’s biggest bank, MUFG. “Both companies intend on commencing stablecoin operations by the end of 2024 upon completion and approval of applicable regulatory approvals by Binance Japan,” Binance said. ”Both companies aim to issue new stablecoins to help accelerate the mass adoption of Web3 in  Japan .” Japan allowed the issuing of stablecoins by licensed crypto platforms in June. This prompted Orix Corp. and other firms to consider introducing stablecoin tokens that are said to offer financial benefits like quicker money transfers and settlements. Binance chose to partner with MUTB due to its principal role in the development...

Join Our Telegram channel to stay up to date on breaking news coverage Lawyers for Binance.US (BAM) hit out at the Securities and Exchange Commission (SEC), calling requests to depose some of its senior executives and further discovery ”unreasonable.” Binance.US filed a response to the court on Sept. 12 after the SEC demanded further discovery and requested depositions from BAM CEO Brian Shroder and CFO Jasmine Lee. BAM said the requests were ”unduly burdensome” and ”freewheeling.” “The SEC still has no evidence to support its unsubstantiated allegations that imply investor assets have been somehow diverted,” it said. “All the evidence in this matter—including documents, declarations, and sworn deposition testimony—supports BAM’s position that it has custody and control of its digital assets.” The SEC had alleged in June that Binance founder Changpeng Zhao and others had siphoned off billions of doll...

Tencent, one of the leading technology companies in China, has received a patent for a blockchain-based missing persons poster. The patent was granted three years after the company lodged the filing. Tencent’s patent for blockchain-based missing persons poster A report by 36kr.com, a local news company, said the company was working on a novel patent to file for a blockchain-based missing person’s poster. The patent was filed three years ago, with the company filing the initial submission in December 2019. After receiving this regulatory approval, Tencent will have the sole clearance to use blockchain technology in vital matters such as filing missing persons reports. The patent in question involves a data generation request that will be triggered after the user submits the filing of the missing person. The submission will then be listed publicly on the blockchain, where it will be verified. After a consensus on the request has been reached, the submission will be...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase Derivatives Exchange, previously known as FairX, is launching a Nano Ether futures contract this month, hoping to improve the accessibility of the futures market to retail traders. On June 27, the futures exchange, which is regulated by the Commodity Futures Trading Commission (CFTC), launched Nano Bitcoin futures (BIT). Regulatory approval was then needed for Coinbase to offer these contracts to their clients. This move was expected to unlock significant growth by increasing the accessibility to the crypto market which represented $3T in value at that time. This launch came in at a time when the crypto market was in a very volatile condition, with the Terra LUNA crash supplementing a market-wide crash. Earlier that year, Coinbase bought FairX to launch their crypto derivatives after receiving the necessary regulatory approval a year prior. In the last thirty days itself, the Nano Bitcoin futur...

Join Our Telegram channel to stay up to date on breaking news coverage In a move that will likely make cryptocurrencies more staple to the economy, Binance has teamed up with a Ukrainian Supermarket chain to accept crypto payments. The partnership was announced on Friday as Binance took to Twitter to declare that it has partnered with VARUS, a Ukrainian Supermarket Chain. This partnership will allow the customers to buy groceries through crypto using the Binance Pay wallet. #Binance partners with one of Ukraine’s top food chain retailers, VARUS, to let the community enjoy seamless crypto payments with fast delivery across the country. VARUS is the first supermarket in Europe to accept #Binance Pay 🤝 pic.twitter.com/75Q7YbnKTj — Binance (@binance) September 16, 2022 Varus is one of the Biggest Companies in Ukraine Ukraine citizens are likely excited about this new development since Varus is a household name in the region. It is one of the biggest store...

Join Our Telegram channel to stay up to date on breaking news coverage While the globe forged ahead during the Web2 epoch, Japan appeared to maintain a slower pace. However, in this emerging Web3 phase, the Land of the Rising Sun is quickening its stride, aspiring to secure a dominant role in this burgeoning industry. From Web2 Laggard to Web3 Accelerator Japan has had an “if it’s not broken don’t fix it” mentality with its internet service for years. Yahoo in Japan looks similar to what the rest of the world’s Yahoo looked like back in 2005. Most of its layouts and graphics also look like they were derived from the internet many years ago. However, the country is working to spearhead the evolution of Web3. Whereas many other nations are pausing and taking time to deliberate on Web3 and crypto issues, Japan has positioned itself to play a significant role in the crypto business. According to Akio Tanaka, a founding partner of IVC, in an interview...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin (BTC) price seemingly lost its strength in the first half of July 5th, which led to a drop from $30.8k at the start of the day to $30.2k. The drop was a continuation of the price rejection after the coin tried to breach a resistance level at $31.2k the day before, and while several smaller supports attempted to stop it, BTC kept sinking. Many analysts and investors believed this price drop would take BTC back to the mid-$20k range, but the support at $30.2k managed to hold. However, Thursday, July 6th, brought another sharp shift in the coin’s price action. As of the time of writing, BTC started seeing a rapid surge that took it up to $31.4k. The coin briefly stumbled after reaching $30.8k, which was a strong resistance yesterday. However, it managed to break it after a short pause, which allowed it to hit $31,421 at the time of writing. The price continues to rise, so further gains remain p...

Join Our Telegram channel to stay up to date on breaking news coverage Video game retailer GameStop said it will terminate support for crypto wallets from November as a result of regulatory uncertainty in the US. The move comes just a year after the company, whose stock rose to dizzying heights during the meme-stock craze of the pandemic, launched the service. GameStop said it advised customers now to ensure they have access to their seed phrase by October 1. A seed phrase is a random string of words that is used to unlock cryptocurrency wallets. Looks like @GameStop is shutting down their GameStop Wallet program. Included is a brief explanation someone had for the possible explanation or this decision. You can still use your seed phrase to access your tokens in other wallets. pic.twitter.com/o8QJjJG0KV — 🟣 Pulse Digital 🟦 (@CryptoPulse9) August 1, 2023 GameStop Pulls the Plug on Crypto Gamestop’s crypto wallet support was launched in Ma...