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Trader’s acquisition of $1.5M CryptoPunk for $23K raises eyebrows
12.9.2024
A trader acquires a rare Ape-themed CryptoPunk valued at $1.5M for just 10 ETH using a smart contract mechanism that allows a shotgun buyout
UK Bill Recognizes Digital Assets as Personal Property Under New Law
12.9.2024
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better...
NFT Sales Slip 7.69% in Early September as Digital Collectible Market Adjusts
7.9.2024
After a dip in August, the first week of September didn’t bring much sunshine to the world of non-fungible tokens (NFTs). Sales slid by 7.69% over the seven-day period. The total number of NFT transactions was just over 1 million, which is a notable 36.93% drop from the previous week....
Spatial Computing Expert: AI Didn’t Contribute to Metaverse’s Decline
7.9.2024
Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said he sees AI as a powerful catalyst for metaverse innovation, enhancing user experiences...
Former Mt. Gox CEO to launch EllipX crypto exchange in Europe
4.9.2024
EllipX will comply with EU's MiCA regulations, with plans to add fiat services and offer fee cuts for former Mt. Gox users
Why is the SEC going after digital art and monkey pictures? Law Decoded
2.9.2024
OpenSea faces SEC scrutiny as the debate over NFTs as unregistered securities heats up, causing a stir in the crypto world
Monthly NFT sales fall below $400M, marking yearly low
2.9.2024
NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million—the lowest this year
NFT Market Faces Brutal August: Sales, Buyers, and Transactions All Plunge
1.9.2024
Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According...
Bored Ape Yacht Club Leads the Week’s Priciest NFT Sale Despite Overall Market Dip
31.8.2024
While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week,...
Why is the SEC going after digital art and monkey pictures?
31.8.2024
The SEC has targeted the largest NFT marketplace for unregistered securities trading, and the crypto community is outraged
Why is the SEC going after digital art and monkey pictures?
31.8.2024
The SEC has targeted the largest NFT marketplace for unregistered securities trading, and the crypto community is outraged
Art Is Not a Security
29.8.2024
NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issued a Wells notice against OpenSea, claiming the NFT platform has violated securities law
Trump's 4th NFT collection sees $2.2M in sales
29.8.2024
Donald Trump’s latest NFT collection sparked criticism, with some describing the former president’s crypto push as a “grift.”
NFTs can be securities but SEC Wells notice to OpenSea ‘not productive’ — Lawyer
29.8.2024
Atlas Development chief legal officer Oscar Franklin Tan stated that the Wells notice “does everything except provide us with clear rules to follow.”
Donald Trump Launches 4th NFT Collection Featuring Him Holding Bitcoin — Says ‘They Call Me Crypto President’
29.8.2024
Former U.S. President Donald Trump has released a fourth series of non-fungible token (NFT) digital trading cards. The collection includes 50 unique cards, featuring images such as Trump holding bitcoin. Collectors may receive a physical trading card containing a piece of a suit worn during...
SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities
29.8.2024
The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it could negatively impact innovation and creators’ livelihoods....
NFT Sales Soar 24% as Ethereum Takes the Lead This Week
24.8.2024
Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with Ethereum-based NFTs leading the charge at $36.62 million. NFT Market Booms...
Why is Solana (SOL) price up today?
24.8.2024
Solana’s price is up today as Jerome Powell delivers his most dovish outlook in years, raising bets on a 100% rate cut in September
FBI will use NFTs to contact victims of crypto fraud scheme Clucoin
23.8.2024
The FBI will notify victims of a $1.1 million fraud scheme through NFTs after the founder pled guilty to using the funds to fund his online gambling habit.
Base hits 4M active addresses amid ‘Onchain Summer’ campaign
20.8.2024
Base said it had allotted 600 ETH, worth $2 million, for developers who would build on the blockchain from June to August this year.