The week-long period that OpenSea gave users to migrate their nonfungible token (NFT) listings ends today. Following the deadline, the platform announced that some features on the site may not be available temporarily due to the migration. On Feb. 19, OpenSea pushed a new smart contract and urged users to start the migration of their NFT listings from the old…
Month: February 2022
How Russia Could Use Crypto To Evade International Sanctions
Earlier this week, Russia invaded Ukraine in what President Vladimir Putin described as a “special military operation.” The international response has been swift, with Russia now facing widespread and sweeping sanctions. The European Union imposed sanctions aimed at “Kremlin interests,” while U.S. President Biden denounced the invasion as a “premeditated attack,” announcing a wave of sanctions aimed at Russia’s banks and…
Senator Ted Cruz invokes Canadian unrest to advocate for Bitcoin again
Republican Senator Ted Cruz during his Conservative Political Action Conference (CPAC) speech on Friday advocated for Bitcoin (BTC) again while lauding its decentralization. Cruz said he is very bullish on Bitcoin because it is highly decentralized and cannot be controlled by any government or entity. He went on to cite the example of an ongoing issue in Canada, where the…
Bitcoin Price Surges 7% in Rebound From Post-Ukraine Crash
The price of Bitcoin has rebounded by 7% in the last 24 hours, recovering much of the ground lost in this week’s market crash. Currently, Bitcoin (BTC) sits at $38,192, up 7.02% on the day, per CoinMarketCap. After plummeting to lows $35,000 earlier this week, Bitcoin reached a 24-hour high of $38,930 before being rejected. The broader crypto market has…
Officials Attend First Lecture on NFTs at Major Turkish University – Bitcoin News
Ankara University has become the first higher education institution in Turkey to organize a course on non-fungible tokens (NFTs). The freshly-launched lecture has been attended by high-ranking government officials, local media reported. Leading University in Turkey Begins Course on NFTs Ankara University has added a course on NFTs to its curriculum, becoming the first Turkish university to teach the crypto-related…
Ukraine Bitcoin exchange volume spikes 200% as Russia war sparks currency concerns
Bitcoin (BTC) and altcoin trading volumes have surged at a major Ukraine cryptocurrency exchange in the aftermath of Russia’s invasion, data shows. According to monitoring resource CoinGecko, on Feb. 24, volume at Kuna almost trippled to over $4 million. Crypto on the radar of Ukrainians As the armed conflict with Russia began, the impact on the fiat currencies of both…
Sotheby’s Cancels Cryptopunks NFT Auction After Consignor ‘Decided to Hodl’ Collectibles – Bitcoin News
On February 8, the multinational luxury auction company Sotheby’s announced the firm would be auctioning 104 Cryptopunk non-fungible token (NFT) collectibles, but before the event started Sotheby’s canceled the event. It seems “0x650d,” the owner of the Cryptopunks NFTs, decided to keep the assets that were estimated to fetch around $20 to $30 million at auction. Cryptopunks Owner Decides to…
Block nets $1.18B Q4 gross profit marking a 47% YoY increase
Crypto-friendly digital payments tech firm Block, Inc. (formerly known as Square) posted $1.18 billion worth of gross profit in Q4, representing a growth of 47% over the same period in 2020. The firm led by Bitcoin maxi Jack Dorsey has multiple business arms including Cash App, Square, and the freshly acquired buy now pay later (BNPL) firm Afterpay after the…
Snow Crash’s Metaverse was filled with ads in 1992, and the real one will be too
Neal Stevenson’s Snow Crash, a techno-dystopian science-fiction novel that has become a legend among Silicon Valley tech bros, predicted the rise of a future Metaverse all the way back in 1992. Despite Stephenson saying that he was “just making sh*t up”, the eerily accurate predictions and worldbuilding of Snow Crash have been long-revered by tech entrepreneurs and futurists including Jeff…
A Play to Earn Mobile Game That’s Building It’s Own Universe – Press release Bitcoin News
press release PRESS RELEASE. NoVa Battles is a PlayToEarn mobile MOBA game developed with the core focus on implementing blockchain technology. The company started conceptualizing the prospect of a blockchain game back in 2019, after which they have been experimenting with designs, systems, and partnerships for two years. The drive to build an open ecosystem for all stakeholders requires extensive…