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Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor
30.1.2022
The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million...
Vitalik Buterin to Use $100 Million From Crypto Relief’s SHIB Funds to Accelerate Covid Relief Efforts
30.1.2022
Ethereum co-founder Vitalik Buterin has unveiled how he will use $100 million in cryptocurrency from India’s Covid Crypto Relief Fund (Cryptorelief) to accelerate relief efforts and “bring great benefit to Indians and non-Indians.” The crypto is part of the Shiba Inu funds...
NFT Minecraft Project Sells $1.2 Million In Tokens, Deletes Everything A Few Days Later
29.1.2022
Stop me if you’ve heard this one before: An NFT project sells a ton of tokens, making a shit ton of cash in the process for a thing that probably will exist in the future. Then the project and folks involved disappear with the money, leaving those who bought into it screwed. Well, it’s reportedly...
Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout
29.1.2022
Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin...
Nansen Report Highlights Growth of Defi and NFTs in 2021
29.1.2022
Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable...
Dreams of the Metaverse: Rethinking Sports Through High-Tech
28.1.2022
Ryan Wilkinson, head of product at Blockasset, a Solana-based first athlete-verified platform that connects athletes with their fans._______
If you’ve ever been to a sports game, you know that few things can rival the energy of a packed stadium, with whole sectors of fans cheering and gasping...
Japanese Ruling Party Launches NFT Task Force, Eyes New Growth in the Sector
28.1.2022
Japan may be edging toward regulating non-fungible tokens (NFTs) – after the ruling Liberal Democratic Party, which has been in power since 1955, launched an NFT policy task force....
Read More: Japanese Ruling Party Launches NFT Task Force, Eyes New Growth in the Sector
‘Broader Range’ of Institutions Seeking Crypto Exposure Beyond Just Bitcoin - Coinbase
28.1.2022
There was “a broader range” of investors that wanted exposure to crypto last year, with many of them seeking access to new products such as bitcoin (BTC)-backed exchange-traded funds (ETFs), decentralized finance (DeFi), and non-fungible tokens (NFTs), a new report from Coinbase...
Reddit Reportedly Testing NFT Profile Pic Functionality
28.1.2022
Reddit, one of the largest micro-posting sites on the internet, is reportedly venturing further into the world of non-fungible tokens (NFTs). The company is testing a new functionality that allows users to set NFTs as profile pics, something Twitter is already doing now. Reddit released its...
Vitalik Buterin Discusses 'Large & Underexplored Design Space' of Non-Transferable NFTs
28.1.2022
Ethereum (ETH) co-founder Vitalik Buterin has discussed the benefits of non-transferable non-fungible tokens (NFTs) — tokens that can’t be sold or separated from their owners — saying that there are certain use cases for such tokens.
In a blog post, Buterin illustrated the concept...
Ubisoft Executive Says Users 'Don't Get It' In Extraordinary NFT Interview
28.1.2022
Ubisoft’s official foray into the world of Non-Fungible Tokens has not had the best start; the announcement was trashed by fans, and the company’s “garbage” NFTs were largely ignored upon release. In a new interview with Australian site Finder, though, Ubisoft say the blame for this lies with...
IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’
28.1.2022
A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mountains of fraud” in the cryptocurrency space. The IRS criminal investigation unit is trying to train all of its agents on crypto and non-fungible token (NFT) issues because...
Riot Forced To Explain A Valorant Character Is Not Into NFTs
27.1.2022
Riot Games, the creators of League of Legends and online shooter Valorant, has issued something of an apology to fans of the latter after a tweet appeared to show one of the game’s characters enjoying the works of an NFT artist.Read more
Zombie Atari Celebrates 50-Year Legacy With NFT Loot Boxes
27.1.2022
Founded way back in 1972, Atari celebrates its 50th anniversary this year. The all-but-defunct company doesn’t really make games anymore, but it does like to plaster its recognizable logo over everything it can find—from hotels to PCs. And to celebrate that the company is still clinging to life...
78 Days: Measuring the Extended Crypto Market Downturn Against Prior Bear Markets
27.1.2022
The crypto economy has shed enormous value over the last three months and the leading crypto asset bitcoin is down more than 46% since it’s all-time high (ATH) at $69,044 per unit. The same can be said for a great number of digital currencies as the so-called crypto bear market has lasted...
Coinbase Gives Preview Of Its NFT Platform, Reddit Tests NFT Profile Pic Feature
27.1.2022
In anticipation of the official launch of their non-fungible token (NFT) platform, major crypto exchange Coinbase has shared a preview of the forthcoming product.
In a recent series of tweets, Sanchan S. Saxena, Vice President for Products at Coinbase, said his intention was to demonstrate...
IRS Says It Is Fighting ‘Mountains’ of Crypto & NFT ‘Fraud’ and Celebrity Shills
27.1.2022
The United States tax body, the Internal Revenue Service (IRS), says it believes the crypto and non-fungible token (NFT) space is beset with “fraud” – and has warned that celebrities promoting crypto on social media could face probes....
Read More: IRS Says It Is Fighting ‘Mountains’ of Crypto...
Have We Reached Peak NFT Hype?
27.1.2022
James Butterfill is Investment Strategist at major European digital asset investment firm CoinShares.____...
Read More: Have We Reached Peak NFT Hype?
Forget Just Right Clicking, Now We're Printing NFTs With Game Boys
26.1.2022
We can all agree that NFTs suck, right? They chew through energy like termites eating wood and shit out a ton of greenhouse gas emissions, destroying our world one crypto sell at a time. On top of that, you don’t get anything physical, just a digital certificate of blockchain ownership. Thankfully...
OpenSea Denies Hack and Bug Allegations, Claims Issue is Related to UI
25.1.2022
Major non-fungible token (NFT) platform OpenSea has denied hack allegations, saying that yesterday's issue was related to user interface (UI) design.
"This is not an exploit or a bug – it’s an issue that arises because of the nature of the blockchain," the OpenSea spokesperson told...