PlanetQuest and Immutable X Launch Community Friendly NFT Planet Sale

PRESS RELEASE. In a radically different approach to handling an NFT sale, PlanetQuest, has just launched its community friendly Planet Sale at planetquest.io. The Cinematic Multiverse and Blockchain Game, backed by Hollywood and Gaming talent, top tier investors and a community of over 215.000 Explorers, is pioneering a whole new sales approach that promises to […]

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Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3

The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even cheaper, as the […]

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Binance Obtains Regulatory Approval to Offer Crypto Products in Italy

Binance Obtains Regulatory Approval to Offer Crypto Products in ItalyCrypto exchange Binance has received regulatory approval from Italy’s financial regulator to operate as a cryptocurrency service provider in the country. “Clear and effective regulation is essential for mainstream adoption of cryptocurrencies,” said Binance CEO Changpeng Zhao. Binance Now Licensed in Italy Binance announced Friday that Binance Italy “has received regulatory approval” through registration as […]

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‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble

'Big Short' Investor Michael Burry Warns of Looming Consumer Recession, More Earnings TroubleHedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset […]

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Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says Economist

Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says EconomistAllianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to “decide between two policy mistakes.” One risks triggering a recession and the other could prolong inflation well into 2023. “I think the time has passed for a soft landing,” the economist stressed. Mohamed El-Erian on Inflation, Recession, and the U.S. Economy Economist […]

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What’s the Big Deal With Fashion NFTs

Non-fungible Tokens (NFTs) are digital files such as jpg, png, mov, or 3D fashion files minted (connected) to a blockchain. The term “non-fungible” refers to a one-of-a-kind digital asset. This is in contrast to cryptocurrency (Fungible). NFTs are controlled and authenticated as digital assets via digital ledgers or blockchains. They are held in digital wallets the same way as cryptocurrencies and other tokens are, and they serve as valuable objects sold within the digital space. Introduction to Fashion NFTs Thus far, unhesitant fashion firms have sought to scale their cost operations, raise consumer awareness, and, most importantly, highlight the DNA

The post What’s the Big Deal With Fashion NFTs appeared first on The Merkle News.

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Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill

Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian BillA proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in the past few months. Changes […]

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Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 Million

Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 MillionA non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours, and the collection’s floor value jumped 103.2% higher today, to a […]

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