Ethereum’s dominance in non-fungible tokens (NFTs) is declining due to high gas fees and excessive congestion, investment banking giant JPMorgan said in a report. In a note published last week, analysts led by Nikolaos Panigirtzoglou even highlighted that Ethereum’s NFT market share has already dropped to 80% from 95% at the beginning of 2021. The blockchain network could be specifically losing its NFT market share to rival Solana, which has been gaining massive traction over the last year. The bank cautioned that if Ethereum’s loss of NFT market share continues this year, it could be a bigger problem for its overall valuation. Another area of Ethereum’s falling dominance is in the decentralized finance (DeFi) sector. Last week, in a note to clients, analysts Nikolaos Panigirtzoglou, wrote: “It looks like, similar to DeFi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains.” Scaling is also required to maintain its dominance in the DeFi sector. According to the strategists, the final phase of the sharding won’t happen before 2023. With sharding being critical for scaling, this means full-blown scaling is at least a year away. In that period, the Ethereum Mainnet risks continued losses of market share to competing networks like Binance Smart Chain, Terra, Fantom, Avalanche, Tron, Polygon including Solana as they have been gaining the biggest share of the DeFi market. These blockchains have already attracted a lot of funding and increased their own user base. The bank noted that by the time sharding of Ethereum is implemented, other ecosystems will grow so extensively that activity won’t return to Ethereum.

The post Ethereum is Losing Out to Solana in NFTs, Claims JPMorgan appeared first on Cryptoknowmics-Crypto News and Media Platform.

Samaa TV reported last Tuesday, citing FIA Director Babur Bakht Qureshi, that Pakistan’s Federal Investigation Agency (FIA) has written to the Pakistan Telecommunication Authority (PTA) seeking a prohibition on the access to more than 1,600 cryptocurrency trading websites. Last week, the director announced his plan to seek the Telecommunications Authority over the shutdown of various crypto websites. Cryptocurrency, he believes, is being used for money laundering. Qureshi said “a list of those involved in the Bitcoin trade is being compiled,” according to the website. When Bitcoin is banned in Pakistan, he says, “These guys would be jailed.” Furthermore, Qureshi stated that those who promote cryptocurrency in Pakistan will be prosecuted. The director was cited as adding, “These persons are on the radar of the agency, and action will be done against them soon.” Pakistan Still Comprehending What To Do with Crypto Pakistan’s government is debating whether or not to ban or regulate Bitcoin. Shibli Faraz, Pakistan’s minister of science and technology, said last Monday during the country’s inaugural blockchain summit, which his ministry co-hosted, that the government plans to “regularize” cryptocurrencies in Pakistan. He went on to say that the finance ministry, the State Bank of Pakistan, and the Pakistan Securities and Exchange Commission are all working on a strategy right now. The State Bank of Pakistan (SBP), on the other hand, has already decided to outrightly ban cryptocurrencies. The central bank presented a report to the Sindh High Court last week suggesting that cryptocurrency be banned entirely.

The post Pakistan’s FIA Asks Telecom Authority to Block Over 1600 Crypto Sites appeared first on Cryptoknowmics-Crypto News and Media Platform.

We asked CEO and founder of EQIFI, Brad Yasar, about his inspirations, how he first got into crypto, and where EQIFI will go in the future.

The post Q&A with Brad Yasar, Founder and CEO of EQIFI appeared first on BitcoinChaser.

Most NFTs usually create a buzz in the crypto industry by highlighting their ROI benefits. They want to attract as many investors as possible by explaining how becoming a member of the community will provide them with benefits that they can enjoy in the future. Going against the trend, Arctic Bearz NFT has come up […]

The post Why Is Arctic Bearz NFT Soaring in Popularity Even Before Its Minting Date appeared first on NullTX.

The Australian dollar is in positive territory for a second straight day. In the European session, AUD/USD is trading at 0.7233, up 0.30% on the day. On the fundamentals front, Australian employment numbers were sharp. In the US, it’s a relatively quiet day, highlighted by the Philly Fed Manufacturing Index and unemployment claims. Australia unemployment […]

Chainalysis has published a report, stating that cryptojackers are by far the most successful malware type to steal crypto assets. While most tend to focus on high-profile ransomware attacks against big corporations and government agencies, cybercriminals are using less sophisticated types of malware to steal millions in cryptocurrency from individual holders. Learn how here. https://t.co/zVkAHB56Np […]

The post Cryptojacking Malware Is Stealing Millions appeared first on CryptoCoin.News.

Ertha Metaverse, one of blockchain gaming’s most talked about metaverses has today announced the listing of their ERTHA token on one of the top crypto exchanges – KuCoin. With over 10 million users worldwide, KuCoin is a perfect partner for Ertha. In addition to being among the top exchanges for Altcoins, it also charges some of the lowest fees in the industry. By listing their token on KuCoin, Ertha continues expanding its availability to potential investors and keeps the project’s momentum up as it aims to launch 2022’s biggest metaverse. This news comes soon after the project announced that it has completed its funding. To date, Ertha has raised $5.4 million and recently launched record-breaking IDO’s on three of blockchain gaming’s most respected launchpads, Seedify, GameFi, and RedKite. Each of the community pools sold out in less than a minute. Ertha is going from strength to strength with its NFT land sales and has already sold over 19,200 revenue-generating land plots. What is Ertha Metaverse? In Ertha, mankind finds itself on the brink of extinction. World leaders failed with their last-ditch attempts at saving Earth from its rapidly changing climate, and in the years that followed untold natural disasters devastated the planet. Players are given the opportunity to right the wrongs of our past by building a new world, from the ground up. Extract resources, develop land, re-build economies, and re-form countries and their governments in the way they see fit. Each player’s actions can have a lasting impact within an ever-evolving metaverse. Ertha’s Gameplay Ertha’s world is a complex and intricately designed playspace ripe for the creation of new governments, economies, and shaky alliances between its player base. The Metaverse is divided into 350,000 purchasable land plots, each of which collects taxes, fees, and other forms of revenue from the transactions taking place on them. Players must balance production, trade, and financial budgets, in order to stay one step ahead of the competition. For those looking for an introduction to Metaverses and Play-to-Earn gaming, Ertha represents an opportunity like no other. What Is the ERTHA Token? The ERTHA token will play an essential role for anyone serious about entering the Erthaverse! As a game of economic and political intrigue, our token has various uses for players. Use $ERTHA to influence in-game political policies, purchase land, develop real estate, and much more. However you decide to use them, the ERTHA tokens you hold will have a real impact on your influence within the Erthaverse!  

Think your email may have been hacked? Here are the signs to look for, how account takeover attacks commonly occur, and how to recover your account and avoid falling victim again

The post How to know if your email has been hacked appeared first on WeLiveSecurity

The U.S. Federal Reserve has issued a discussion paper today on central bank digital currencies (CBDCs). The paper is meant to serve as the first step in a public discussion about CBDCs between the Federal Reserve and stakeholders. The documentation offers a basic background on what CBDCs are and how they may impact citizens. As Read more...

The post What The U.S. Federal Reserve Omits in its CBDC Paper appeared first on Finovate.

Sky Mavis pointed out that the goal of builders program is to further strengthen the community’s ability to create gaming experiences and tools, while managing risk to their community members, and their gaming network at-large.

The post Axie Infinity Launches Builders Program appeared first on BitPinas.

Approximately $33.8 million in crypto assets were stolen from Crypto.com following a security breach on Monday.

As more users adopt them, fully digital payment methods like e-wallets are becoming increasingly vulnerable: fraud can creep in before and during transactions. More than 140 million people adopted digital wallets in

The post Are You Protecting Your Digital Wallet Users From Fraud? appeared first on Fintech Singapore.