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Coca Cola Introduces New NFT Collection on Coinbase Blockchain

As soon as the cryptocurrency exchange Coinbase launched the Layer-2 Base platform last week, the American multinational Coca-Cola announced its new NFT collection on the platform.

Coca-Cola’s NFT ‘Masterpiece’ collection consists of some iconic artworks by emerging talents in the digital and on-chain art space. Timeless art treasures like “The Scream” by Edvard Munch and “Girl with a Pearl Earring” by Johannes Vermeer share the space seamlessly with modern pieces by expert artists like Aket and Vikram Kushwah.

These works now take on a new dimension as they are made into collectibles on the blockchain, open to art enthusiasts participating in the Onchain Summer event. Using “Masterpiece”, Coca-Cola® acts as a curator, bringing together stories from around the world and celebrating different types of art.

The Coca-Cola® ‘Masterpiece’ is more than just an art collection. It represents how art, technology and people come together in the chain. By bringing it into the digital world, Coca-Cola® is showing other companies how to connect with the digital age. This collection goes beyond the usual art galleries and reaches people all over the world.

French artist Aket said: “Coca-Cola® is a very important generational milestone. Your ads encourage us to live our dreams every day.”

Coinbase Blockchain Base

Last week, on August 9, cryptocurrency exchange Coinbase released its main base to the public. The Coinbase Base platform hosts over 100 decentralized applications (dApps) and service providers, while also addressing the challenges that users would face with the Ethereum blockchain network.

The Base platform is based on Optimism’s OP Stack software and works as a stacked network. This allows you to handle transactions separately from the main Ethereum blockchain. The aim is to provide a more efficient platform for dapps, making use of Layer-2 solutions. These solutions aim to address the scalability and expense challenges associated with blockchain backbone networks, reflecting a broader industry trend.

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PayPal’s USD debut: why its new stablecoin is causing concern

PayPal has completed a long period of careful consideration, ups and downs to introduce its new USD-pegged stablecoin.

The stablecoin, called PayPal USD (PYUSD), makes it easy for users to engage in activities like “buying, selling, holding, and transferring” the token through the payment processor interface.

While these features may seem a bit mundane, resembling the features of a conventional checking account or a real PayPal account containing US dollars, they mark an important milestone after the company’s extensive two-year journey.

PayPal Stablecoin raises alarms about centralization functions

Sarah Hodder, an expert in digital asset law, drew X’s attention to the strong similarities between PayPal’s stablecoin and a central bank digital currency that could facilitate censorship.

PYUSD was officially introduced on August 7 and is issued by Paxos Trust Co., renowned for its holding in Binance USD (BUSD).

Using the Ethereum platform, PYUSD is designed for digital transactions and Web3 applications, and the company reveals plans for its availability to US clients in the near future.

Phelps suggested that this move could serve as a clever ploy by PayPal to minimize its own significant fees, juxtaposing them with the substantial gas costs associated with Ethereum.

In a notable gesture, PayPal itself seemed to recognize the potential for high fees beyond its own platform, suggesting an awareness of the challenges posed by Ethereum’s transaction costs.

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The high difficulty levels of the Bitcoin network are about to drop amid longer block wait times.

Hitting an all-time high on July 11, 2023, reaching a staggering 53.91 trillion, Bitcoin’s difficulty is about to decline to an estimated range of 3.9% to 4.04% on July 26, 2023.

The high level of difficulty of Bitcoin on the verge of halving

The next Bitcoin difficulty recalibration is scheduled for July 26. After a notable increase of 6.45% on July 11, it is projected that there could be a downward adjustment ranging between 3.9% and 4.04%. The generation of Bitcoin blocks occurs approximately every ten minutes and every 2016 blocks, a drop in mining difficulty occurs if the discovery process of these blocks extends for more than two weeks. On the other hand, the difficulty level increases if the mining of the 2016 blocks is completed in less than two weeks.

The lockdown breaks on July 21 and 22 were longer than the usual ten minutes, lasting between 11 and more than 12 minutes. While the hashrate peaked on July 8, it has been lower with an average of 371.1 exhash per second (EH/s) in the last few blocks of 2016. Over the last three days, Foundry USA controlled 30.08% of the global hashrate with 111.75 EH/s, followed by Antpool with 86.92 EH/s or 23.39% of the total hashrate. F2pool, Binance Pool and Viabtc follow the two mining pool leaders.

Currently, as of July 24, block times have shown signs of improvement, falling marginally below the ten minute average, and sometimes leveling off slightly above ten minutes and 24 seconds. Monday at 8:00 a.m. At m. Eastern Standard Time (EST), the order book is filled with 265,000 to 280,000 transactions in a holding pattern, waiting for their turn to be confirmed.

Miners are still struggling with the problem of clearing the backlog that has been bogging down the blockchain for months. To untangle the heap of unconfirmed transactions, 95 blocks need to be removed. An imminent difficulty reduction in a few days should pave the way for mining participants in their quest to discover these blocks.

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Flipster will give a big bonus of 1,500,000 USDT

As part of the launch of the Flipster (formerly AQX) name, the company today announced an additional $1,500,000 in additional rewards to encourage new users to join and trade on its exchange. Until the rewards are fully distributed, the futures exchange will run at least one campaign per week to encourage new users to sign up and trade derivatives on the Flipster platform. With the old name, the exchange has already released more than 400,000 USDT in bonuses in previous campaigns.

The first promotion for the series started on July 17, 2023 (for seven days). Massive bonuses of 110,000 USDT have been allocated. 10,000 USDT to reward new users for completing identity verification with a 10 USDT bonus. The remaining 100,000 USDT bonus is to incentivize and reward high volume traders who give the platform a try. Top performers by trading volume will be rewarded with a bonus of 10,000 USDT at the end of the weekly campaign.

Flipster reinvented futures trading with a mobile-first approach to appeal to casual cryptocurrency traders with limited experience trading derivatives (or as they say, Flipping).

The method is to specialize in derivatives trading, stripping away the app experience to make it quicker to learn and easier to use. Novice traders can open, close and monitor positions from any location. Potentially meaning that some users may earn more money on the bus to work than they do on their workdays. In addition to the ease of use, the portable experience makes trading fun and feels less like a technical task.

The shift to a mobile-first approach came after initially having a web experience similar to other futures exchanges. The traditional user interface for futures trading has a steep learning curve and is considerably more technical, which is in stark contrast to the user interface most contemporary application users have become familiar with. The data concluded that new derivatives users were not attracted to this experience as it was created for experienced traders. The Flipster team has discovered few alternative user interfaces for futures trading and none that have been successfully built to onboard new users to cryptocurrency futures trading at scale.

About Flipster

Founded in 2021, Flipster (formerly AQX) is the industry’s easy-to-use crypto derivatives trading platform. It offers users a complete platform that trades over 120 tokens with up to 50x leverage. Start at to go online or download the app and Play Store. For media inquiries, including staff interviews, please contact

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Slovak Parliament Approves Cryptocurrency Tax Cut

The Slovak parliament voted on June 28 to approve a change that will reduce personal income tax on profits made from the sale of cryptocurrencies that the user has owned for at least one year. Click here for more information on cryptocurrency trading.

Taxes will be cut from the current sliding scale of 19% or 25% to 7%, a significant reduction. Cryptocurrency payments of up to 2,400 euros, or about $2,622.20, will not be taxed.

More tax breaks for cryptocurrency users in Slovakia

Additionally, the bill that was voted on exempts cryptocurrency income from a 14% contribution to health insurance.

A local Slovak media reported that the Ministry of Finance believes that the amendment will have a financial impact of around 30 million euros per year. A few weeks ago, the parliament approved another constitutional amendment that codified the right of citizens to use cash as a form of payment in light of the discussion on a digital euro.

Slovakia is one of the 27 nations that make up the European Union, which has been actively working on regulating the cryptocurrency market. On May 31, the EU passed its landmark Markets in Crypto Assets (MiCA) regulations, as previously reported here. The rules were developed with the intention of making Europe a hub for trading digital assets.