The crypto market this week has been experiencing a decline. Scott Tripp is Blockcast.cc marketing lead. He shares what is trending this week.
Michael Saylor, the founder and Executive Chairman of MicroStrategy, has lost a bid to dismiss claims that he failed to pay personal income taxes, interest, and penalties due in the District of Columbia. It was reported that Saylor would boast that D.C. residents were foolish for not maintaining a tax base in Florida, which has 0% income tax. Despite this, Saylor denies the allegations categorically and plans to continue respectfully disagreeing with the District's position on the remaining claims. The case is ongoing and there may be further developments in the future.
Blur and OpenSea are both popular NFT marketplaces, but Blur seems to be currently winning the competition. According to recent reports, Blur has surpassed OpenSea in NFT transfer volume, user market share, and trading volume market share. Blur's zero transaction fees and token rewards program have made it an attractive platform for professional traders and incentivized users to place bids, thus increasing market depth and enhancing overall trading and liquidity experience. Additionally, Blurs' recently launched incentive program may have contributed to the migration of about 13,600 wallets from OpenSea to Blur in just days. Blur's aggressive tactics regarding royalties may not be sustainable and could lead to a similar extractive relationship with creators as seen in web 2.0. We will explore the implications of these competing marketplaces and the potential impact on the NFT market as a whole.
Finally, we have an article by Anndy Lian discussing the basics of Bitcoin, its high degree of privacy and anonymity, and the factors that influence its price. The author provides insight into what could impact Bitcoin's price in 2023, including regulatory developments and adoption by institutional investors. We will analyze the potential impact of these factors on the cryptocurrency market and provide advice on how to invest wisely in this rapidly evolving space. Join us as we explore the exciting world of cryptocurrency and its potential impact on our financial future.
Blockcast.cc is a broadcasting news source for the blockchain community founded in Singapore. The company has a network of partners in China, Hong Kong, South Korea, Singapore, and Malaysia, and helps global blockchain and cryptocurrency companies reach their marketing, public relations, and advertising goals. We also provide news and updates on the latest developments in the blockchain industry. We are actively involved in the field of Web3, metaverse, and blockchain technology.
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