After a sluggish start to the week, NFTs bounced back to close the week in a major way – led by a massive consolidation among a couple of the biggest projects in the space. Additionally, a major player in the NFT market has secured a new round of funding, Chinese tech behemoth Baidu is releasing
Russians are headed toward crypto platforms of the United Arab Emirates (UAE) in an attempt to save their fortunes, requesting crypto firms to liquidate billions of dollars, as per Reuters. Similarly, some of them want to buy real estate in UAE, while others are desired to convert their assets into fiat money and hide it.
Over the past week, the price surge in the LUNA token has caused it to rise to become the second most-staked primary digital currency in TVL leaving Ethereum behind. In addition, a data source reported this data showing that Terra’s LUNA coin passed the Ether coin, which currently has more than $28 billion in Total …
Terra (LUNA) Surpasses Ethereum Becoming Second Most Staked Asset Read More »
Payment giant Stripe has brought back crypto support after it stopped processing bitcoin payments four years ago. The company now says, “Our optimism for the future of crypto was not unfounded … Crypto is going mainstream.” Stripe Brings Back Crypto Support Payment giant Stripe has re-entered the crypto space after four years, with the launch
Former Goldman Sachs fund manager Raoul Pal updated an important chart comparing crypto adoption to that of the Internet. Shared via his Twitter account, the chart attempts to represent the pace at which the technologies reached a determined number of users over the same time. Related Reading | Ethereum Liquidations Touch $50 Million As Price
Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML policies. Government of Estonia Creates Stricter Regulatory Environment for
Normally, a “major NFT acquisition” is a whale-sized buy, stuffing up big dollar NFTs in their wallet. However, this most recent headline-smashing acquisition news in the NFT space isn’t about a big whale purchase, but rather a broader project acquisition – the first of it’s kind at this level – by Yuga Labs. The Bored
Bitcoin’s price is at risk of going down because investors are funding short positions in Bitcoin by borrowing digital money from exchanges. Datamish shows that investors are funding short, causing the value of Bitcoin to go down. Bitcoin fell again on Friday, despite a surge in capital inflow from large wallet investors and institutions. Brevan …
Hedge Fund Holdings Fail To Prop Up Bitcoin Price Read More »
On Friday, Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, announced the company acquired the intellectual property behind the Cryptopunks and Meebits brands. Furthermore, after obtaining the IP from Larva Labs, Yuga has decided to give “full commercial rights to the NFT holders.” Bored Ape Creators Yuga Labs
Many people are skeptical about cryptocurrencies due to the sector’s volatility. But more people in emerging markets are embracing it as a way to make more returns in the long run. No one can argue that investing in cryptocurrencies is very risky, but there’s also no doubt that it offers long-term promises for high ROI.
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