Cryptounity.news

  The Avalanche app from Venly is now accessible to all Shopify businesses allow to mint and sell NFTs via a no-code interface. If any of  Shopify 's millions of merchants wish to sell NFTs they need not direct buyers to a specialized platform like  OpenSea  or  Magic Eden  they can mint and list NFTs through their existing storefront utilizing one of Shopify's blockchain apps these NFTs can now be created on Avalanche due to venly.  Venly  a Blockchain company expresses the expansion of  Avalanche  support via its Shopify NFT minting app the Layer 1 blockchain platform which is billed as a faster and less expensive to leading NFT platform Ethereum is currently available to all Shopify merchants. Read full news at:   https://cryptounity.news/shopify-retailers-can-now-sell-avalanche-nft-via-their-online-stores

 The Reserve Bank of India's financial stability report is negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulations. The  Reserve Bank of India  (RBI) has expressed concerns about the burgeoning crypto ecosystem and suggested parts of it could be banned.  The latest RBI financial stability report express on Dec 29 that the Central bank said it would use its rotating presidency of the G20 group of the world's largest economies to call for the development of a global regulatory framework of crypto assets. The Indian economy and domestic financial system remain resilient the tone changed drastically in its discussion of crypto as it highlighted a familiar laundry list of crises that struck 2022.  Read full news at: https://cryptounity.news/bank-of-india-report-calls-for-regulatory-coordination-on-crypto-market-challenges

  The migration of Solana's top two NFT projects to Polygon and Ethereum is set for the first quarter of 2023 on an opt-in basis. NFT firm Dust Labs is migrating its two top-performing Solana NFT projects DeGods and Y00ts one Polygon and Ethereum in a bid to expand their adoption. The official News was published on the DeGods and y00ts Twitter page on Dec 25 with both NFT projects expected to be bridged onto Ethereum and Polygon respectively in the first phase of 2023. Rohun Vora is the creator of DeGods and y00ts who is known by the alias Frank expresses the decision was made to explore new opportunities and allow for the continued growth of the collection. the move will also see the DUST token used to buy, sell and mint NFT on the DeGods ecosystem as well bridged into Polygon and Ethereum. Read full news at:  http://cryptounity.news/top-nft-projects-are-quit-solana-is-solana-dead

  One of the biggest factors harming Ethereum's credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges. Crypto ecosystems being compliant with federal sanctions harm its global reach when it comes to Ethereum investors have significant power to decide the degree of compliance the ecosystem obeys. Ethereum blocks comply with the United States sanctions put forth by the office of foreign assets control (OEAC) while the crypto community stands against this transformation many fail to realize their contribution to helping Ethereum attain total OFAC compliance. Users staking Ether on platforms that run censoring MEV relays on their validators are directly contributing to the censoring of MEV boost relays. Read full news at:  https://cryptounity.news/eth-staking-on-top-exchanges-contributes-to-ethereum-censorship

  Nearly 350 tokens and 118,000 scam tokens were deployed from the start of January through the end of November. According to Rug Pull Report 2022, there were 117,629 scam tokens from the year 2022 the data reported a 41% increase from the near 83000 in 2021. there were more than 350 tokens every day in 2022 the current number is astronomically higher than the 1548 scam tokens in 2020. As per the report  BNB Chain  is home to the most fraudulent tokens. moreover, 12% of all BEP-20 tokens are fake. the Ethereum network came in second with a supposed 8% of ERC 20 crypto coins being scams. Read full news at:  https://cryptounity.news/defrauding-millions-of-investors-due-to-350-scam-token-created-everyday

  Digital payments platform PayPal has collaborated with MetaMask parent company Consensys to allow MetaMask users to purchase and transfer Ether via PayPal’s platform. Currently, the service will be rolled out to selected  PayPal  users within the United State. The service will initially be rolled out only to select PayPal users within the United States as the country is one of  MetaMask ’s largest markets in terms of users. The collaboration is intended to allow users to seamlessly purchase and transfer ETH from PayPal to MetaMask by logging into their Mobile MetaMask app which will redirect them to their PayPal account to complete transactions. Read full news at:   http://cryptounity.news/metamask-to-allow-users-to-purchase-and-transfer-ethereum-via-paypal

  Ethereum price boost defended the $1220 support level against the US Dollar. ETH is rising and may be a strong bullish wave above the $1300 resistance level. Ethereum remained well bid and strong above the $1220 zone the price is currently trading above $1250 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near the $1245 hourly graph of the ETH/USD pair. The pair is showing a positive signal and my eye is on an upside break above the $1300 resistance level. Read full news at:   http://cryptounity.news/ethereum-price-bulls-hold-strong-indicators-suggest-fresh-rally-to-1400