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Latvian Artist Threatened With Prison for Money Laundering Through NFTs
26.7.2022
An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities have blocked his bank accounts and launched an investigation without even notifying him. Artist Who Sold Over 3,500 NFTs...
NFT Sales Volume Slips 8% Lower Than Last Week — Moonbirds, Electricsheep, Moonbirds Oddities Lead in Sales
26.7.2022
During the last few weeks, non-fungible token (NFT) sales have remained flat and data from the past seven days have shown NFT sales are down 8.11% lower than the week prior. Despite the downturn, a few NFT collections saw significant percentage increases in terms of sales as the collections like...
Zebedee Inks Deal With Mobile Game Studio Viker to Add BTC Rewards to Solitaire, Sudoku, Missing Letters
26.7.2022
Seven days after the financial technology and bitcoin payments firm Zebedee announced it secured a $35 million capital raise, the company has revealed a new partnership deal with the mobile game studio Viker. The two companies have enhanced three classic video games with Zebedee’s bitcoin...
GameStop 9/11 NFT Pulled After Selling Dozens Of Times
25.7.2022
Shortly after GameStop launched its NFT marketplace earlier this month, one creator started selling an NFT called “Falling Man” mimicking the infamous photograph from September 11, 2001. It changed hands dozens of times, eventually fetching hundreds of dollars, until GameStop quietly removed...
Law Firm is Trying to Organize Class Action Lawsuit Against Yuga Labs
25.7.2022
USA-headquartered law firm Scott+Scott is trying to organize a class-action suit against Yuga Labs, the entity behind popular non-fungible token (NFT) collections Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Otherside....
Read More: Law Firm is Trying to Organize Class Action...
Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales
25.7.2022
According to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment...
Kenyan Activists Say Cryptocurrencies Have the ‘Potential to Create New Ways for Young People to Earn’
24.7.2022
According to some Kenya-based activists, raising funds through cryptocurrency and non-fungible tokens (NFT) sales is not only faster but less costly as well. The activists added that digital currency also has the “potential to create new ways for young people to earn, spend, save and send...
Top 7 NFT Scams to Look Out For
23.7.2022
While the NFT market has opened up new opportunities for artists and creators to monetize their work, it has also created an opening for scammers to exploit and siphon crypto and JPEGs from unwitting victims.
In this guide, you will discover a list of the most common NFT scams and how you...
Telefonica to Invest in Metaverse Through Gamium
23.7.2022
Telefonica, one of the largest communication companies in Spain, has decided to invest in Gamium, strengthening its metaverse push. The company will allocate a non-disclosed amount of funds to this metaverse initiative through Wayra, its innovation-based incubator arm. The company is also...
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions
22.7.2022
China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year...
Video Game Giant Square Enix Plans to Drop a Final Fantasy VII NFT Collection in 2023
21.7.2022
According to the non-fungible token (NFT) company Enjin, the firm has inked a deal with the Japanese entertainment conglomerate and leading video game developer Square Enix. The partnership will produce the launch of Final Fantasy VII 25th Anniversary cards and figures on the cross-chain network...
ENS Bidding 'Joke' Goes Wrong, NFT Whale Loses ETH 100
21.7.2022
A noted non-fungible token (NFT) collector has lost ETH 100 (USD 148,665) as a result of a "joke" bid on one of his own Ethereum Name Service (ENS) domains.
The pseudonymous NFT whale Franklin, who holds a number of valuable Bored Ape Yacht Club NFTs (among others), minted the ENS name...
Bitcoin Non-Profit ₿trust Launches Africa Open Source Cohort; Names First Developer
21.7.2022
Jack Dorsey and Jay-Z funded Bitcoin non-profit welcomes its founding member Vladimir Fomene. He will contribute to the Bitcoin Development Kit and the Swahili Wordlist
Developer Behind the World’s Best-Selling Video Game Has No Intentions of Using Blockchain and NFTs in Minecraft
21.7.2022
On July 20, 2022, Mojang Studios the Swedish video game developer behind the world’s best-selling game of all time said blockchain or non-fungible token (NFT) technologies are “not permitted to be integrated inside [Mojang’s] client and server applications.” Mojang...
Tron’s Justin Sun Eyes ‘Acquisition’ Move for Tencent’s NFT Division
21.7.2022
The Tron (TRX) founder Justin Sun says that TronDAO, a decentralized autonomous organization (DAO) that governs the Tron network’s development, wants to “acquire” a non-fungible token (NFT) arm of the Chinese tech powerhouse Tencent....
Read More: Tron’s Justin Sun Eyes ‘Acquisition’ Move...
Gamers Play Different Strategies: Minecraft Says No to NFTs, While Square Enix Unveils Its NFT Project
21.7.2022
The popular sandbox video game Minecraft has banned non-fungible tokens (NFTs) and blockchain innovations from integrating with its platform. On the other hand, Japanese entertainment conglomerate Square Enix has announced its NFT project.
Mojang Studios, the Microsoft-owned developer behind...
US senator blasts SEC for non-judicial actions against crypto companies
20.7.2022
Senator Emmer highlighted the SEC’s politicization of regulations and called them power-hungry regulators that discourage good-faith regulations
US SEC Chief Gensler Says Crypto Sector Rife with ‘Non-compliance’
20.7.2022
The head of the US Securities and Exchange Commission (SEC), Gary Gensler, has said that his agency will “do what we can” to ensure crypto operators fall into line, but opined that many are refusing to abide by the rules governing securities.
Speaking during an interview with Bloomberg TV, Gensler...
NFT Hackers Attack: Influencer Zeneca and Platform PREMINT are the Latest Targets
20.7.2022
Non-fungible token (NFT) influencer Zeneca and NFT registration platform PREMINT are the latest targets of hacking attempts against the NFT community.
Zeneca's social media accounts were compromised on late Tuesday and linked to a fake airdrop for the influencer’s “Zen Academy Founders Pass,”...
SEC’s Gary Gensler Sees Plenty of ‘Noncompliance’ Across Crypto Industry
19.7.2022
SEC chairman Gary Gensler spoke on Bloomberg TV Monday, addressing questions around crypto regulation