Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency and NFTs: April 26 – March 2
Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional, and sometimes sketchy, roller coasters, you’ve come to the right place. So put on some soothing music and let’s go!
Bitcoin rises amid growing fears of bank failure in First Republic
Bitcoin (BTC) prices rose more than 3% on April 26 following news that First Republic Bank (FRC) shares had closed down over 50% the previous day. The bank’s share price has been in free fall since the start of the year, and some analysts believe that it is on the verge of collapse.
News of First Republic Bank’s impending failure sent shockwaves through the financial world, and
many investors now view Bitcoin as a safe haven. Bitcoin is not backed by any government or central bank, and it is not subject to the same regulations as traditional fiat currencies. This makes it an attractive option for investors who want to protect their wealth against inflation and economic instability.
The recent rise in Bitcoin prices is a reminder that the cryptocurrency is seen by many as a viable alternative to traditional financial assets. As the global economy continues to teeter on the brink of contraction, it is likely that Bitcoin will continue to attract more investors.
In related news, a group of bankers were seen fleeing the First Republic Bank headquarters in panic yesterday. Asked why they ran, one banker replied: “We’re not sure, but we’re sure it has something to do with Bitcoin.”
Solana Labs’ ChatGPT plugin allows AI to retrieve blockchain data
Solana Labs makes it easier for AI to interact with the Solana blockchain. The company has released an open-source plugin for OpenAI’s ChatGPT chatbot that allows it to retrieve blockchain data.
The plugin will allow ChatGPT to check wallet balances, transfer tokens and buy NFTs. It will also be able to search for on-chain data, such as transaction history and market prices.
The plugin is still in development, but it has the potential to make it easier for developers to build AI-powered applications on the Solana blockchain.
Users should be aware of potential security risks before using the plugin. For example, if a malicious actor gains access to ChatGPT, it can be used to steal funds from wallets or make unauthorized transactions.
Apple’s stranglehold on the App Store finally loosened
In a major victory for developers and consumers alike, the 9th Circuit Court of Appeals in California upheld a lower court ruling that Apple’s ban on external payments is illegal. The decision could have major implications for the NFT and crypto space, as it will now become easier for developers to sell these assets in their iOS apps.
For years, Apple has forced developers to use its own in-app payment system, which takes a 30% cut of all transactions. This has been a major source of revenue for Apple, but it has also been a major pain point for developers, who have been forced to raise prices or eat into profits to comply with Apple’s rules.
The court ruling is a major blow to Apple’s monopoly on the App Store. It will now be up to developers to decide how they want to handle payments in their apps. This could lead to lower prices for consumers, as developers will no longer be forced to pay Apple’s high fees.
It’s a big win for Epic Games, who brought the suit. The ruling also has major implications in the NFT and crypto space. Many NFT and crypto projects have not been able to sell their assets in iOS apps due to Apple’s restrictions. With this ruling, crypto and NFT brokers may be able to reach a wider audience of potential buyers.
However, it should be noted that Apple will likely appeal the ruling.
BRICS Nations’ Gold Buying Spree May Doom the US Dollar
The BRICS nations – Brazil, Russia, India, China and South Africa – have been on a gold buying spree in
later years. In 2022 alone, they have bought a record amount of gold, reportedly worth over $100 billion.
This gold purchase is a sign that these nations are losing faith in the US dollar. They are worried that the dollar is losing its value and they are looking for a safe haven to store their wealth.
Gold is a traditional safe haven, and it has held its value well in times of economic turmoil. The BRICS nations are betting that gold will continue to be a safe haven, and they are using it to diversify their economies away from the US dollar.
If the BRICS nations continue to buy gold, it could put downward pressure on the value of the US dollar. This could lead to higher inflation and interest rates in the US, and it could have a pervasive negative impact on the US economy.
