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- Get ready for blockchain TVs!
GM, this is The Crypto Explorer reporting for duty with a freshly brewed cup of coffee and a whole lot of Monday morning swag!
Here’s what we got for you today:
📺 Trade NFTs on your TV!
🤑 Addresses hodling one or more Bitcoin hits one million!
🧱 Around The Block: SEC revises $22M punishment against LBRY.
🚨 Trade NFTs on Your TV!
LG Electronic has filed a patent application for their blockchain-based smart TV, which enables users to trade NFTs.
The technology connects with a crypto wallet and an NFT market server, allowing transactions via onscreen QR codes displayed on the TV.
If you're like me, you're probably wondering what the potential applications of blockchain technology are on TV. 🤔
Here's what we think:
Losing all your savings from the comfort of your room? 😃
But seriously, Imagine you have to buy a token to watch the new episode of a show... (I should probably delete this, don't want anyone from Netflix seeing this 😃).
LG is really diving deep into the world of Web3 solutions.
This patent application follows the release of LG's own NFT platform, (LG Art Lab Marketplace), in September 2022.
The marketplace is based on the Hedera network, It allows LG TVs running webOS 5.0 or later versions to trade digital artworks.
However, it remains unclear whether the blockchain-based TV will support multiple wallets or be limited to LG's Wallypto, the company's smartphone crypto wallet, which is also available on the Art Lab Marketplace.
And guess what? LG is not alone in this blockchain-based smart TV race!
Samsung, one of LG's competitors, announced integrating an NFT platform into its smart TV lineup in the past year.
And let's not forget about Samsung Next, Samsung’s venture capital arm, which is investing in all things NFT and metaverse-related.
Buckle up guys, Blockchain-based smart TVs are the next big thing, and we're about to witness a whole new level of financial entertainment in our living rooms! 📺💃
You can read more about the patent here.
🤑 Addresses Hodling One or more Bitcoin Hits One Million!
The number of Bitcoin wallet addresses holding one whole BTC or more has surpassed the one million mark, as of May 13.
The number of Bitcoin wallets holding more than 1 Bitcoin since inception. (Source: Glassnode)
…and we would like to announce that we're not one of them, so do something about that. 🤪
But before we start celebrating too much, let's remember that one wallet address doesn't necessarily mean one person.
We have some crypto investors with more Bitcoin addresses than a shopaholic in a shoe store. 👠😃
Of the roughly 19 million Bitcoin currently in circulation, 1.89 million of these BTC — worth $50.7 billion — are held on major centralized exchanges such as Binance and Coinbase.
Around 3 million Bitcoin (worth $80.4 billion) are believed to be permanently lost, accounting for 17% of the total circulating supply.
In related news, Negentropic (the co-founder of Glassnode), has a unique strategy for buying Bitcoin.
He believes the best time to make your move is when there's "blood in the streets", referencing major bank collapses in the United States and the potential pause in interest rate hikes by the Federal Reserve.
"Buy when there is Blood in the streets."
📉$25.8k still remains a possibility, as indicated by the options market
🔮 Confident in our mid-term outlook of $35k as external pressures subside.
💼 Market pricing Fed pause in June, no rate cut - optimal for the run to $35k for… twitter.com/i/web/status/1…
— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_)
10:57 AM • May 12, 2023
You gotta strike while the iron is hot.🔥
So, if you've been eyeing that dip in the market, now might be the perfect time to take the plunge but please donate to “The Crypto Explorer Charity”. 😀
🧱 Around The Block: SEC revises $22M punishment against LBRY
⚖️ Crypto Regulation: SEC revises $22M punishment against LBRY, seeks $111K instead.
🗣️ Report: OpenAI CEO in ‘advanced talks’ for $100M Worldcoin funding.
⚠️ IMF warning: Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning.
👺 Cybersecurity: US Justice Department on the hunt for DeFi hackers and thieves.
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That's all we've got for you today.
Please don't forget to rate today's email and let us know what you like about it.
In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research
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