🇨🇳 China declares stealing digital collections like NFTs liable for criminal theft sentence The statement explained that stealing a digital collection includes intrusion into the system on which it is housed, therefore also committing the crime of illegally obtaining computer information system data and theft.
â–ª Smart contract An autonomous computer program that tracks and enforces obligations between the parties to a transaction. The basic objectives of a smart contract are: - elimination of intermediaries; - reducing indirect dispute resolution costs; - eliminating transaction fraud. The technology saw the light thanks to the Ethereum blockchain, with the development of which it was highly appreciated by the cryptocommunity and acquired viral mass adopting. An example of the first similar application of this idea is considered to be a vending machine. Just as a vending machine replaces the seller of goods, a smart contract eliminates the need for an intermediary to carry out transactions through it.
The Trial of FTX Founder Sam Bankman-Fried Share your opinion on this case? What seems strange to you? Do you support the interim solution? Perhaps you have been affected by the FTX case in some way?
Is your portfolio up or still deep in the red? After the quick return of bulls, top cryptos are thriving, yet some of your favorite 100x coins 😇 are still struggling. But hope so they can...they will🚀 🤢
🪨 Here We Go Again: Pet Rock JPEGs on Bitcoin, Ethereum Sell for Over $100K On Friday, two separate on-chain images of illustrated rocks—one hosted on Ethereum as an NFT, the other inscribed on Bitcoin as an Ordinal—sold for six-figure respective sums on secondary markets. An NFT from the EtherRocks collection, EtherRock #95, traded hands this morning for 100 ETH, or just over $209,000. Just hours prior, an Ordinal from the visually identical Bitcoin Rock collection sold for 2.99 BTC, worth just over $111,000 at writing.