On Tuesday, the Christopher Wallace Estate, managers of the Notorious B.I.G.’s music, fashion, film, and unreleased archives, dropped a collection of 3,000 non-fungible tokens (NFTs) that sold out in ten minutes. The digital collectibles were dropped via the NFT platform Oneof, and owners of the new NFTs now have the licensing rights to the audio
Bitcoin
Coinbase (COIN) stock bounced by 4.35% to $57 on July 27 after shedding roughly 20% over the past week. But more downside is likely despite the release of Coinbase’s first installment of the Bored Ape Yacht Club-featured movie called The Degen Trilogy. THE DEGEN TRILOGY: PART ONE ⛓️RUN THE CHAIN⛓️ Here’s a first look at what
Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has discussed the matter and proposed solutions to legally define and regulate transactions with the digital collectibles. Economy Ministry Takes Initiative to Regulate NFTs in Russia
Bitcoin was trading marginally higher on Wednesday, as traders were preparing for today’s interest rate decision. The Federal Reserve is expected to hike rates by 75 basis points for the second month running, as inflation in the United States continues to rise to multi-decade highs. Ethereum was also in the green, rebounding from Tuesday’s losses.
press release PRESS RELEASE. XRPayNet has been making major progress in the DeFi space this year. Their recent launch of a versatile mobile application has allowed users to trade with freedom. The app tautes the flexibility to trade with 90,000 trading pairs available for use. This vast expansion of technology and availability has been a
Months after rolling out its first collection of non-fungible tokens (NFTs), the Dubai Police has said it will launch the next collection at the 2022 edition of The Gulf Information Technology Expo (GITEX). People from outside the country will also get a chance to own the next Dubai Police NFT collection. First Government Entity in
The global cryptocurrency ATM market is projected to grow at a rapid rate over the next five years, as market research predicts the space to be worth half a billion dollars by 2027. Research and Markets published a new report, which estimates a compound annual growth rate of 59% for the industry from 2022 to 2027.
The University of Tokyo will offer a series of engineering courses using metaverse tech. The courses, which are projected to start being offered later this year, will introduce students to the subjects of engineering and will combine this knowledge with the skills to handle metaverse-based worlds, to manage the digital transformation that work and educational
About 53% of South Africans have little to no knowledge about cryptocurrency, while only 14% thought or felt they had a better understanding of the subject, a report has said. Nearly half of the respondents said they would only invest in cryptocurrency if or when their respective banks are involved. South Africans Weigh In on
The Sumitomo Mitsui Banking Corporation (SMBC), the second largest of the three biggest banks in Japan, has announced it is planning to expand into digital asset businesses, including non-fungible tokens (NFTs) and Web3 platforms. The company will partner with Hashport, a group that offers tokenization and listing services in Japan, to launch a token business
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has warned that the U.S. Securities and Exchange Commission (SEC) will come up with rules for token registration that will be “the nightmare that’s waiting for the crypto industry.” Mark Cuban Foresees SEC Coming Up With ‘Nightmare’ Crypto Regulation Billionaire Mark
A new bipartisan bill has been introduced in the Senate that would simplify the use of cryptocurrency for everyday purchases by creating tax exemption for personal crypto transactions under $50 as well as when the capital gains are less than $50. New ‘Virtual Currency Tax Fairness Act’ A new bipartisan bill, known as the “Virtual
On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s accused of allowing users from sanctioned countries like Iran access to the
On July 26, Bitcoin (BTC) price dropped below $21,000, giving back the majority of the gains accrued in the previous week and returning to the $23,300 to $18,500 range that Glassnode analysts describe as “the Week 30 high and Week 30 low.” A handful of analysts and traders attribute the July 26 to July 27
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 Prosecuted for Money Laundering in Latvia
“But you can’t buy a coffee with Bitcoin,” the Bitcoin (BTC) critics chanted. Gibraltar, a tiny British Overseas Territory in Europe just blew a hole in that FUD as popular coffee chain Costa Coffee now accepts Bitcoin over Lightning. Hotel Chocolat, Card Factory and the Gibraltar bakery also accept Bitcoin as a currency in the
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 Electricsheep, Moonbirds, and Moonbirds Oddities
press release PRESS RELEASE. Metaverse Project Genso is thrilled to announce the details regarding the Closed Beta Test. Details are as follows ■ Closed Beta Test Period: Starts: July 28, 2022 12:00 -(UTC+8) Ends: TBA ■ How to participate in the Closed Beta Test: ・All players who have Closed Alpha / Beta Testing Tickets will
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 reward mechanics which include “Solitaire,” “Sudoku,” and the game “Missing
Solana fell for a second consecutive session on Tuesday, pushing the token to its lowest level in twelve days. The move comes as sentiment in crypto markets turned bearish ahead of tomorrow’s FOMC meeting. Near protocol was also lower, dropping by as much as 12% today. Solana (SOL) Solana (SOL) was in the red for
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