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DeFiance Founder's USD 1.76M Loss is a Lesson For NFT Investors


  Founder of the cryptoasset fund DeFiance Capital, Arthur Cheong, has seen one of his hot wallets compromised, resulting in the loss of over 70 blue-chip non-fungible tokens (NFTs) worth over USD 1.76m. The incident is another stark reminder for all NFT investors to be extra careful - and less...

Coinbase Pay and Binance Pay: What Are These Solution & How Do They Differ


  Major US-based crypto exchange Coinbase is taking a swing at both traditional payment companies and crypto-native competitors with the introduction of Coinbase Pay. The new solution, however, differs from existing payments solutions from competitors like Binance, for example, as the former is...

6 NFT Use Cases That Will (Probably) Remain After the Hype Dies Down


  After non-fungible tokens (NFTs) exploded in 2021, and images of virtual monkeys and digital punks sold for millions, the onslaught of copycat projects and an influx of self-proclaimed “NFT artists” followed, creating a seemingly unsustainable NFT hype. Combined with rather evident cases of wash...

Universal Music Group’s Web3 Label Buys Bored Ape for $360K in Ethereum


On Friday, Universal Music Group’s Web3 label dubbed 10:22PM revealed it purchased the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) #5537 for more than $360,000. 10:22PM says that BAYC #5537 will become the female manager for the first-ever metaverse group. UMG’s 10:22PM...

ApeCoin Soars After Launch, BAYC NFT Prices Pumps and Dumps


  The Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection’s new utility and governance token ApeCoin (APE) was airdropped to holders of NFTs in the BAYC ecosystem on Thursday, soaring in price as major exchanges rushed to list it. At 10:13 UTC on Friday, APE traded at USD 14.61,...

NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior


After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume,...

Bored Ape Yacht Club and MetaMask Join the Altcoinization Bandwagon


  Popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) and Ethereum (ETH) wallet MetaMask have confirmed their respective plans for tokens and decentralized autonomous organizations (DAOs) in a bid to reward some early adopters.... Read More: Bored Ape Yacht Club and MetaMask...

$500,000 NFT Lawsuit Over Pepe The Frog's Butt Is A Very Funny Story


Late last year, Pepe the Frog creator Matt Furie decided to run an NFT auction, selling off an image of the controversial character in which it was waist-deep in a pool, its asscrack peeping over the surface. Everything that has happened since is exactly how you would imagine such an auction in...

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