OpenSea has now reimbursed 750 Ethereum, about $1.8 million, to users who accidentally sold valuable NFTs at well below their going market rate through an exploit involving “inactive listings.” Recently, several users of the leading NFT› marketplace had complained that their blue chip NFTs, such as those belonging to the Bored Ape Yacht Club (BAYC) collection, had been purchased at…
Casa recently hosted a virtual conference, Keyfest, during which Peter McCormack of the “What Bitcoin Did” podcast hosted a conversation with Obi Nwosu, the cofounder of U.K.-based bitcoin exchange Coinfloor, and Nick Neuman, the CEO of Casa. They discussed the future Bitcoin, specifically in the context of developing world nations, such as Nigeria. El Salvador really took the spotlight through…
American Express (Amex) sees cryptocurrency as an asset class, according to CEO Steve Squeri. He added that right now, the firm does not see crypto as an immediate or medium-term threat to its business. American Express CEO Discusses Crypto Strategy The chairman and CEO of American Express (Amex), Steve Squeri, answered some questions regarding cryptocurrency during the company’s Q4 earnings…
In brief New NFT marketplace LooksRare is rife with wash trading as users attempt to game the trading rewards model, according to analytics firm CryptoSlam. CryptoSlam estimates that LooksRare has generated more than $8.3 billion worth of wash trades, making up the vast majority of its sales volume to date. LooksRare seemingly came out of nowhere to become the biggest…
In the crypto market volatility continues to reign supreme, and fear, uncertainty and doubt (FUD) run rampant. This makes it challenging for any project to rise above the noise and post positive price gains but there are a few projects that are showing strength during the current downturn. Kyber Network (KNC) is a multi-chain decentralized exchange (DEX) and aggregation platform…
Bitcoin doesn’t care about your opinion — or mine. And neither do the world’s leaders. You also may not care about my opinion. You don’t need to, but here it is anyway. It’s my opinion that the fact that Bitcoin doesn’t care about our opinions is a good thing. And, it’s also my opinion that the fact that the world’s…
press release PRESS RELEASE. The Tori Zero NFT project announced a joint cooperation with the trendy silver jewelry brand BWL. BWL founder Bill Wall will be the first celebrity to join the REDLAB Metaverse KOL program and will be giving away 30 pieces of customized hand-crafted BWL silver pendants to the Tori Zero community as gifts. Tori Zero is a…
The biggest crypto heists to date are MT Gox, Bitgrail, Coincheck, KuCoin, PancakeBunny, Poly Network, Cream Finance, BadgerDAO, Vulcan Forged and Bitmart. MT Gox MT Gox was the first large-scale exchange hack, and it remains the most significant Bitcoin (BTC) heist from an exchange. The MT Gox robbery, on the other hand, was not a one-off occurrence. Rather, the site…
In an earnings call on Thursday, Visa stated that its customers made $2.5 billion in payments using its crypto-linked cards during the first fiscal quarter of 2022. That’s over 70% of all crypto-card volume throughout fiscal 2021, signalling increased adoption of digital asset payments. Visa CFO Vasant Prabhu expressed optimism over the development in an interview with CNBC. “To us,…
It has been more than 50 years since the Nixon shock — August 15, 1971, when President Nixon went on national television to announce the historic change that the U.S. dollar would no longer be pegged to gold. Perhaps few people knew how tremendous of a decision that was at the time, and fewer people realized the vast consequences and…
