NFT sales boom, but ownership is highly concentrated
There were two surges in the market this year that also coincided with solid spikes in internet searches for the term “NFT.” Go to Source Powered by WPeMatico
DIGIT
Liquid Craft to Launch 1500 Liquor Backed NFTs on ETH and BSC 23rd Nov
PRESS RELEASE. Liquid Craft – is bringing a new concept to the NFT space by using collectible handcrafted bottles of Liquor to add value to their digital art pieces. Their first series Dragons and Bourbon is launching for pre-sale on Nov 20th at 12 PM PST with the public sale going live on Nov 23rd … Read more
‘Fear’ returns to Bitcoin while long-term holders own just 3% of BTC unrealized losses
Bitcoin price declines finally shake out “greed” among investors, according to the Crypto Fear & Greed Index. Go to Source Powered by WPeMatico
Binance.US aims for a ‘mega funding,’ reveals CZ
The United States arm of Binance is considering a public offering to raise a “couple hundred million,” Changpeng Zhao said. Go to Source Powered by WPeMatico
Shiba Inu in danger of ‘topping signal’ as SHIB price loses 50% in 3 weeks
The meme cryptocurrency hints at undergoing a price rebound as its paints a classic bullish continuation setup. Go to Source Powered by WPeMatico
NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round
A South African startup, NFTfi, is reported to have recently raised $5 million which the company intends to use for boosting its business of collateralizing non-fungible tokens (NFTs). Cryptocurrency Loan Marketplace According to a Techcrunch report, NFTfi’s $5 million capital raise was led by U.S. actor Ashton Kutcher’s Sound Ventures. The other investors that participated … Read more
Kucoin Labs Launches $100 Million Metaverse Investment Fund
Kucoin Labs, the investigative and investment arm of Kucoin, a cryptocurrency exchange, has launched a $100 million fund to incubate early metaverse related projects. These include blockchain gaming initiatives, NFT platforms, and decentralized platforms, among others. The support will also include direct involvement with the projects selected, including counseling about branding and marketing. Kucoin Invests … Read more
Digital currencies won’t impact US sanctions, Treasury exec says
Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said. Go to Source Powered by WPeMatico
Binance opens layer-2 ETH deposits with Arbitrum One integration
Binance users can now deposit any ERC-20 tokens from the Ethereum network using Arbitrum quickly and at a reasonable cost. Go to Source Powered by WPeMatico
Xbox Boss Phil Spencer Addresses Rise of NFT Gaming; Feels Some of It Is “Exploitive”
Phil Spencer, executive vice president of gaming at Microsoft and the individual responsible for the Xbox program, has addressed the NFT gaming phenomenon trending recently. To Spencer, some of the platforms that leverage the use of NFTs feel more exploitive than entertaining. Some of the biggest developers and publishers in the gaming industry have already … Read more
