Monkey Drainer has wreaked havoc yet again after stealing $800k worth of seven Crypto Punk and twenty Otherside NFTs, according to on-chain sleuth ZachXBT. Blockchain security firm, PechShield, also confirmed that the theft was carried out by a wallet tagged as Monkey Drainer. The stolen funds were then transferred to the coin mixer Tornado Cash....Read More
Last year’s NFT gold rush marked the ascent of OpenSea into a $13 billion company, but its competitors have been increasingly capturing market share. A new report suggests the transition of a previously monopolistic non-fungible token (NFT) market into an oligopoly. OpenSea Faces Stiff Competition According to the latest edition of Binance’s Market Pulse, NFTs had...Read More
On Oct. 4, the 1inch network announced a partnership with nonfungible token (NFT) domain name provider and digital identity platform Unstoppable Domains. The new collaboration signals a move into the decentralized domain space, which is currently dominated by the Ethereum Name Service (ENS). According to the announcement, the partnership will allow 1inch Wallet users to...Read More
Controversial crypto entrepreneur Jason Falovitch on Sunday reported that hackers breached his crypto wallet on OpenSea and stole four NFTs and six ETH. The value of the stolen assets is estimated to be in the range of $150,000, media reports said. In a similar incident, earlier this month, famous American actor and comedian Bill Muray became a...Read More
On September 15, American video game development company Epic Games announced the official launch of Blankos Block Party on its Game Store, making it the first NFT game to be included in the platform’s Marketplace. The beta version of Blankos Block Party was launched in 2020 by Mythical Games and has already gained more than...Read More
The overall demand for NFTs may be faltering, but those on the Solana are not. In fact, Solana NFT transactions skyrocketed to one million weekly, according to Nansen data. Pushing the trading volume across Solana-based NFT marketplaces are Magic Eden and Metaplex, that has increased their respective market shares of the overall NFT space this...Read More
Seoul-based TV giant LG Electronics announced the launch of its non-fungible token (NFT) marketplace – LG Art Lab – potentially opening up NFT collecting to a much broader audience. With the latest platform, based on the Hedera blockchain, users will be able to explore, buy, sell and trade NFTs on LG’s smart television sets. LG...Read More
Animoca Brands’ Japanese subsidiary, also known as – Animoca Brands KK – has raised $45 million. Its parent company, Animoca Brands Corporation Limited, and MUFG Bank, Ltd. (MUFG) led the investment. The blockchain gaming powerhouse is strengthening its presence in one of the leading economies in Asia – Japan. According to the official blog post,...Read More
Former OpenSea employee Nate Chastain has filed a motion to dismiss the indictment against him regarding an alleged insider trading scheme, stating that the charges by the United States government were erroneous. Meanwhile, there has been a growing case of executives of various crypto-based companies being accused of insider trading. Chastain’s Lawyers Challenge Insider Trading...Read More
BendDAO – a lending protocol for non-fungible tokens (NFTs) – is the latest project to have been hit with an insolvency crisis. The five-month-old platform has reportedly run out of ETH over the weekend. According to the researcher, NFTStatistics.eth, BendDAO is just left with 12.5 WETH in the contract. The lenders of BendDAO have landed...Read More
Investments targeting the crypto industry reached $30.3B in the first half of the year, more than the whole year combined in 2021, according to Messari’s H1 2022 Fundraising Report. It shows that the market slump in the first six months did not shake investors’ faith in blockchain and crypto technology. Despite the notorious collapses of...Read More
For the first time since last June, the market failed to hit $1 billion in trades. NFT users have now resorted to liquidating their investments, anticipating better market prospects. A new report by DappRadar, shared with CryptoPotato, suggests that this trend of “trading blocking” will continue till the crypto winter has passed. But during this...Read More
Major social media platform Meta announced the support of non-fungible tokens (NFTs) for Instagram creators and businesses in additional 100 countries while also integrating with the Flow blockchain, Coinbase Wallet, and dapper. According to an updated blog post on Thursday (August 4, 2022), Instagram users in 100 countries in the Asia- Pacific, Africa, the Americas,...Read More
American jewelry brand Tiffany & Co. announced the launch of its new NFT collection. Dubbed “NFTiff,” the sale of the series is slated for August 5th. The initiative is led by Alexandre Arnault, the luxury retailer’s recently appointed executive vice president of product and communications and former president of Rimowa. We’re taking NFTs to the...Read More
Monthly returning buyers of Ethereum-based NFTs bounced back to 45,000 in June after seeing less than 35,000 in May, according to blockchain analytics service Nansen’s Q2 NFT report. The firm analyzed six indexes of NFTs denominated in ETH, finding that the gaming index got hit the most, 59.6% down from the beginning of the year....Read More
Prominent NFT marketplace – Magic Eden – has announced the launch of a new venture capital fund that will focus primarily on investments in Web3 games. According to the official press release, with the new gaming investments arm, called Magic Ventures, the company expects to tap the “next wave of creativity and innovation in Web3...Read More
DappRadar published the latest edition of its quarterly report, focusing on how the fall of Terra, Celsius, and 3AC have changed the blockchain landscape as the liquidity crisis deepened, impacting major CeFi players. In addition, the document dives into the fierce competition among NFT marketplaces, stating that OpenSea’s dominance continued to shrink in Q2. CeFi...Read More
Leading non-fungible token (NFT) marketplace OpenSea reportedly blacklisted some major NFT collections valued at over $27 million. However, many users have criticized the platform for not carrying out due diligence when marking an item as stolen. The Cost of OpenSea’s NFT Blacklisting According to this Dune Analytics dashboard created by on-chain sleuth beetle, several token...Read More
American social media platform Reddit has launched a new blockchain-based marketplace and a collection of collectible avatars. They can be used as profile pictures and purchased for a fixed price ranging from $9.99 to $99.99. “In this series, Collectible Avatars are limited-edition avatars made by independent artists, in partnership with Reddit, and provide owners with...Read More
Chinese tech giants join the state-backed efforts in regulating the digital collectibles by voicing support for the “self-discipline initiative” that ensures identity checks on users, adheres to the country’s ban on cryptocurrency and prevents the speculation of digital assets. Tech Giants Tiptoeing In Line With Authorities According to the statement by the China Cultural Industry...Read More
Twitter and YouTube accounts of the British Army were simultaneously hacked on Sunday and used for promoting two different crypto scams. However, by Sunday evening, the compromised accounts had been restored to normal, media reports said. Cyber Attack The unknown hackers changed the account details to make them look in sync with the crypto scams they...Read More
The US Department of Justice (DOJ) has indicted 6 people in 4 different cases of cryptocurrency frauds, including Baller Ape NFT rug-pull, worth nearly $130 million. Baller Ape NFT Scam According to a release from the agency, Vietnamese national Le Anh Tuan, 26, pulled down the website and fled with investors’ money after the first-day public...Read More
In a quick-paced development, XCarnival, describing itself as a Metaverse Asset Bank, lost over 3,087 ETH to a hacker and negotiated the return of half of the funds less than 24 hours after the incident. Exploiting a flaw in its smart contract, the attacker used a Bored Ape Yacht Club NFT, which was already withdrawn...Read More
The current situation of the Cryptocurrency market is where the vast cryptocurrencies have been blown away with volatility as bulls and bears are playing around. However, despite the crypto market having a tough time, it looks like the NFT volume and holdings are surging, outperforming last year’s surge. Specifically, the crypto market has been stuck...Read More
Long-term cryptocurrency investors realise the necessity of diversifying their portfolios by purchasing low-cap and high-cap coins. Investing in a penny cryptocurrency during its ICO phase can help you construct a well-rounded portfolio with a wide range of assets. We’ll look at two well-known cryptocurrencies trading under $1 as well as a brand-new entry, to see...Read More
After a notable rally in 2021 a couple of times, 2022 appears to be pretty relaxed, maintaining a squeezed rally. Traders appear to extract their profits with just a minor spike and compel the prices to chop around the lower levels. However, in the upcoming days, the space may witness a significant change which may...Read More
Image by Amber Vittoria By Sanchan Saxena, VP of Product, Ecosystem Products gm NFT Community, Last year we announced Coinbase NFT, a Web3 social marketplace for NFTs. Since then, we’ve been building in the open and getting input from the NFT community. We shared previews of our progress with collectors and creators and received amazing...Read More
Justin Sun, the founder of TRON, has successfully won the bid on Twelve Chinese Zodiac Heads last week. This unique collection was put on the Twelve Digital Zodiac Heads Special Auction hosted by Metapoly XM, a brand under Poly Auction (Xiamen) last week and was purchased at a hammer price of around ¥9,832,500 (around 1,545,000...Read More
Non-fungible tokens (NFTs) and the metaverse are making it possible for people to exist within virtual spaces. This relatively new area of innovation falls under the cryptocurrency ecosystem, which touts a market capitalization of $2.2 trillion as of press time. Most notably, NFTs are being launched on various blockchains, with stakeholders pivoting to faster Layer-1...Read More
Synthesis NFT will be used in Rony Club which will open at the end of March. Paradigm shift in NFT market. NEURONswap, a decentralized exchange(DEX), announced that it will launch the first ‘Synthesis NFT’ of all mainnet networks at Rony Club which will open at the end of this month. There are 3 types of...Read More
