Altcoin News by Thebittimes.Com

NFTs , or Non-fungible tokens , are unique digital assets that use blockchain technology to provide proof of ownership and authenticity. Unlike cryptocurrencies such as Bitcoin, which are fungible (meaning one unit is interchangeable with another), NFTs are unique and cannot be replicated. NFTs can represent a wide range of digital assets, including digital art, music, videos, and other types of digital content. They are created using blockchain technology, which provides a decentralized and transparent system for recording ownership and transaction history. NFTs, have exploded in popularity in recent years, offering a new way for artists, musicians, and creators to monetize their work and for collectors to own unique digital assets. NFTs are unique digital tokens that are secured by blockchain technology, allowing for the creation and ownership of one-of-a-kind assets that cannot be duplicated or replicated. Here are some of the top NFT marketplaces for collectors and creators alike: ...

Source: AdobeStock / BGStock72 Tech giant Apple will reportedly allow iPhone and iPad users to install non-App Store apps next year, in its effort to comply with the in coming strict European Union requirements. Software engineering and services employees are currently involved in "a major push to open up key elements of Apple’s platforms," Bloomberg reported, citing people familiar with the matter. This push involves changes related to enabling customers to download third-party software to their iPhones and iPads without using the App Store.  Per the report, Apple's goal is to have all the planned changes ready and be made part of an update to next year’s iOS 17.  This is a major shift to its business and long-held policies. For users, it would also mean avoiding a number of Apple’s restrictions - as well as the (infamous) up-to-30% commission on payments.  This also means that, with the company's ecosystem finally opening up its d...

Image Source: Pixabay An infamous scammer known as Monkey Drainer has drained approximately 700 ETH ($1 million) worth of crypto and non-fungible tokens (NFTs) over the past 24 hours. The prominent on-chain sleuth known as ZachXBT first broke the news, revealing that the scammer used phishing to drain user funds. He also managed to track and highlight the activity of the hacker.  “Over the past 24 hrs ~700 ETH ($1m) has been stolen by the phishing scammer known as Monkey Drainer. They recently surpassed 7300 transactions from their drainer wallet after being around for only a few months,” the pseudonymous researcher said.  The two biggest victims, 0x02a and 0x626, cumulatively lost $370,000 after signing transactions on phishing sites run by the hacker, according to ZachXBT. Victim 0x626 has lost the most. They held over $6.2 million worth of crypto in their wallet at the time but lost $220,000. "Luckily they rejected the other transactions," th...

Damien Hirst. Source: damienhirst / Instagram   English artist and art collector Damien Hirst completed his year-long non-fungible token (NFT) project by starting the burn of $10 million worth of his physical artwork. Hirst burned a part of the unclaimed physical artworks at his London gallery this Thursday during a live stream. Asked how he felt while burning his works, Hirst was quoted by BBC as saying that,  "It feels good, better than I expected. [...] A lot of people think I'm burning millions of dollars of art but I'm not. [...] I'm completing the transformation of these physical artworks into NFTs by burning the physical versions ." According to the entrepreneur who is reportedly Britain's richest living artist, the hard-to-define value of art is not lost through this process, but is transferred to the NFTs as soon as the physical piece is destroyed.  Hirst's collection, called The Currency , was launched in July last year. Eac...