Binance will soon close its Bitcoin NFT marketplace after opening its trading venue to the network’s collectibles less than one year ago. In a blog post on Thursday, the crypto exchange said it will “cease support for trades and deposits of Bitcoin NFTs” starting April 18 at 6:00 UTC. Binance Exits From Ordinals The exchange...Read More
The NFT world has built many fortunes by lifting them up with great profits! 2024 is deemed to be the year which will bring back the NFTs. As we know, despite the sluggish start in 2023, NFTs revived in the last quarter of the year. The bullish crypto market and SEC’s Bitcoin ETF approval led...Read More
NodeMonkes, Bitcoin’s premier NFT collection, has surged by over 50% in the past 24 hours, surpassing Bored Ape Yacht Club (BAYC) in market capitalization. According to data from CoinGecko, NodeMonkes witnessed a 53.3% surge in its floor price, making it the second-largest NFT collection in terms of market cap. NodeMonkes and Runestone’s Floor Price Surge...Read More
Charlotte Fang, the founder of Milady and Remilia, acknowledged a security breach after millions of dollars worth of Ether and Non-fungible tokens (NFTs) were moved to a wallet engaged in asset liquidation. The incident highlights the escalating issue of hacks and security vulnerabilities within the crypto sector, especially affecting decentralized finance (DeFi) platforms. Remilia Treasury...Read More
In January of 2023, YouTuber CoffeeZilla posted a three-part series on Logan Paul’s CryptoZoo project. To participate in the upcoming game of the same name, customers had to purchase egg NFTs, which would then hatch, allowing the purchaser to play with and breed the animal. Rumors of a Rugpull However, the social media accounts associated...Read More
According to on-chain firm Arkham Intelligence, a wallet linked to former U.S. President Donald Trump has moved over $2.4 million worth of ether (ETH) to the crypto exchange Coinbase in the past few weeks. Arkham Intelligence had initially identified digital assets believed to belong to Trump in August, basing its findings on financial disclosures filed...Read More
A recent report from Binance Research reveals a remarkable surge in the total cryptocurrency market capitalization, which has climbed by about 110% year-to-date, adding over $870 billion in capital, with a notable 55% increase observed in Q4 alone. This growth follows a period of stagnation after the 2021 crypto highs, marking a potential shift in...Read More
CoinGecko, a prominent independent cryptocurrency data aggregator, has recently announced its acquisition of Zash. This strategic move is set to increase CoinGecko’s cryptocurrency services by incorporating Zash’s NFT information into its API, offering users a holistic perspective of fungible and non-fungible tokens. CoinGecko Announces Its Acquisition of Zash CoinGecko announced earlier this week the strategic...Read More
Last year, French national Michel Aurelien, who was inspired by the BAYC collections’ success, founded the Mutant Ape variation. Although his own version was in no way endorsed or approved by YugaLabs, it nonetheless became somewhat popular in just a few months. Misleading From The Start Unfortunately for investors of the project – which has...Read More
American tech-focused investment manager Coatue Management has reportedly marked down its stake in OpenSea, one of the leading NFT platforms. According to documents reviewed by The Information, Coatue reduced its previously valued $120 million stake in OpenSea to just $13 million during the second quarter of 2023. Coatue Slashes OpenSea Stake by 90% Based on...Read More
The chilling winds of crypto winter continue to sting projects, prompting several of them to take a hard look at downsizing or ceasing operations entirely. A decentralized content-sharing and publishing platform – LBRY – is the latest one to succumb to the market condition. The company behind the LBRY blockchain said that “there is no...Read More
Popular on-chain sleuth ZachXBT has unmasked another crypto scammer responsible for stealing millions of dollars in digital assets using sophisticated phishing attacks. The thief’s targets included the discord services for DeFi projects such as Orbiter Finance and Pika Protocol. Impersonation and Confiscation In a Twitter thread published on Monday, ZachXBT explained that the attacker, Soup...Read More
Blockchain detective ZachXBT has implicated a YouTuber with over 120,000 subscribers in over $1.5 million worth of crypto scams over the past two years. Some of those scams are connected to the infamous Monkey Drainer, an anonymous and boastful phishing scammer known for stealing people’s NFTs. Linking “Blue” to Monkey Drainer Before entering the world...Read More
Bitcoin maximalists have proved to be highly staunch supporters of the crypto asset. For more than a decade, they have stayed as a united front, but the advent of Ordinals shook up the long-standing narrative. 2023 will be known for many things, one of them being – the Bitcoin community’s split into two warring factions....Read More
Justin Bieber might be iconic on stage, but his investment strategy, at least in terms of NFTs, certainly missed the mark. The famous Canadian pop star paid $1.3 million for a Bored Ape NFT last year, which is now worth only around $59,000. Foraying the hyped NFT space during the digital asset bull run seemed...Read More
Nonfungible tokens (NFTs) have not recovered anywhere near the levels that crypto markets have. Even the largest collections in the industry, such as Yuga Labs’ Bored Ape Yacht Club, are heavily discounted. On July 3, Reflexivity Research co-founder Will Clemente revealed that BAYC was down 90% from its all-time high. Floor prices for the Ape-themed...Read More
Bitcoin users have registered over 10 million inscriptions into the Bitcoin blockchain using the newly popular Ordinals protocol. The milestone comes shortly after Ordinals founder Casey Rordamor stepped down as the project’s lead maintainer on Saturday. Ordinals’ Blistering Growth According to data from Dune Analytics, Bitcoin sports exactly 10,018,046 Ordinals inscriptions at writing time –...Read More
On May 1, the company announced an addition to Sotheby’s Metaverse in the form of a “dynamic destination to collect, buy, and sell remarkable digital works.” The blockchain-based NFT marketplace will be primarily for secondary sales of digital art. According to the announcement, the marketplace will feature a rotating, curated selection of leading artists hand-picked...Read More
On April 12, IMVU and Nadya Tolokonnikova, creator of Pussy Riot, a Russian feminist punk-rock collective, announced the creation of a community space in the Web3 metaverse during the NFT NYC 2023 event. According to Venture Beat, the Pussy Riot community space will be launched within the interactive 3D chatroom game IMVU. Additionally, the first...Read More
The decentralized multi-chain Web3 DeFi wallet – BitKeep – announced that its total user count has exceeded 10 million as of April. Since surviving multiple hacks, the company has witnessed tremendous growth. In March alone, BitKeep added 560,000 new user accounts as a result of numerous successful campaigns between the company and several prominent blockchains,...Read More
Amazon, the world’s largest e-commerce company, is reportedly preparing to enter the world of non-fungible tokens (NFT) with the launch of its own Marketplace, reportedly scheduled for April 24th. According to Yahoo Finance, the new ‘Amazon NFT Marketplace’ or ‘Amazon Digital Marketplace’ will offer 15 NFT collections that will initially be available to customers in...Read More
While many were excited when Yuga Labs announced its first ordinals NFT collection last month, the exact nature of its auction process is proving highly controversial. Casey Rodarmor – the inventor of Ordinals – called the NFT giant’s sale “degenerate” due to putting its participants’ Bitcoin holdings at risk. The Problem With Bitcoin Auctions In...Read More
The emergent NFT marketplace Blur may have raised an open battle against the once-market leader, but the latter appears to be making a comeback, albeit slowly. According to Dune Analytics data compiled by sealaunch.xyz, the percentage of unique users on OpenSea saw an uptick since taking a plunge in mid-February. Simultaneously, it was found that...Read More
Coffeezilla – the popular YouTuber and “Internet Detective” covering crypto scams – is now accusing the mixed martial arts legend Khabib Nurmagomedov of “scamming” his followers with NFTs. The former UFC lightweight champion said his new collection will give fans access his his “private club,” while enabling holders to mine Bitcoin. Khabib’s NFT Collection Nurmagomedov...Read More
Blockchain intelligence platform Glassnode published a report on Wednesday analyzing how Blur – the new hotspot for NFT trading – is slowly reigniting the non-fungible economy on-chain. The firm noted a 94% increase in gas consumption from NFT-related transactions on Ethereum over the past 2 months. The Rise of Blur As the report explained, Ethereum...Read More
Indian crypto exchange WazirX has wound up its NFT marketplace operations with immediate effect. Currently, the WazirX NFT site displays a message to this effect. WazirX NFT Sunsetted “The WazirX NFT marketplace has been sunsetted. You can still trade your NFTs on OpenSea,” the message reads. In a statement on its site, Wazir said despite creating a...Read More
On Feb. 23, Dapper Labs CEO Roham Gharegozlou sent a letter to the team announcing a “corporate restructure” and the layoffs. It is the second round of company layoffs following its downsizing of employees by 22% in November. Gharegozlou stated: “As part of this restructure, we have made the difficult decision to part ways with...Read More
Dapper Labs will be forced to face a lawsuit from the Securities and Exchange Commission (SEC) alleging that the NFT Top Shot NFT Moments on its platform are unregistered securities, following a judge’s refusal to dismiss the case on Wednesday. United States District Court Judge Victor Marrero ruled that such NFTs may plausibly qualify as...Read More
On February 21st, Friendsies, a non-fungible token (NFT) collection that recently raised approximately $5 million, announced in an unexpected way that it would be taking a “pause” on its roadmap, sparking rumors in the community of a possible rug pull. According to the Friendsies team, “the volatility and challenges of the market” complicated the project’s...Read More
Chasing a bounty of over $2000, a coder has successfully imported the Ordinals NFT protocol to Litecoin. The new functionality arrives shortly after Bitcoin – the network on which Ordinals initially launched – surpassed 150,000 inscriptions this week. Why Litecoin Gets Ordinals On Sunday, a coder named Anthony Guerrera launched Litecoin Ordinals on GitHub by...Read More
