Sorare NBA, an officially licensed and NFT-driven fantasy basketball game, set a new milestone on Sunday when a 1/1 NFT of Giannis Antetokounmpo sold for $187,000 worth of ETH—by far the highest sale for the relatively young platform. The single-edition Antetokounmpo NFT was auctioned off through Sorare NBA’s own Ethereum-based platform this weekend and sold for about 113.9 ETH, or…
Fans watching the Kansas City Chiefs face off against the Philadelphia Eagles in Super Bowl LVII on Feb. 12 will reportedly not see a plethora of ad spots for cryptocurrency companies as they did in 2022. According to a Feb. 6 Associated Press report, there had been four potential deals with crypto firms for commercials costings roughly $6 to $7…
During the first week of Feb. 2023, the United Kingdom Court of Appeal overturned a High Court decision from March 2022 in the case of Craig Wright’s Tulip Trading Limited (TTL) vs. 16 cryptocurrency developers. The case will proceed to trial as Wright, who claims to be Satoshi Nakamoto, stated his team was “delighted” with the judges’ decision to overturn…
Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state. According to a Feb. 6 announcement, Riot reported two of the buildings at its Whinstone facility in Rockdale, Texas were damaged in December 2022 as the state experienced days of…
While the British Treasury emphasizes the liberal approach, Australia goes with the profound taxonomy of all the crypto assets. Source: https://cointelegraph.com/news/australia-and-the-uk-share-their-big-picture-of-crypto-law-decoded-jan-31-feb-6
Binance has announced that it is temporarily suspending bank transfers in United States dollars (USD) beginning Feb. 8. No other trading methods will be affected, the exchange said in a tweet on Feb. 6. The news came with no explanation, although the company, which is the world’s largest cryptocurrency exchange, added in the same tweet that: “We are working hard…
United Kingdom-based neo-banking platform Revolut, which boasts 25 million customers globally, has introduced crypto staking to its U.K. and European Economic Area (EEA) customers. According to a report by London-based news agency altfi, the staking feature is expected to go live this week, allowing users to generate income on their crypto assets during its “soft testing” phase. At present, the…
The judge overseeing the FTX bankruptcy proceeding still hasn’t decided whether he will appoint an independent examiner after a 4-hour hearing that included testimony from FTX CEO John Ray III. Judge John Doresey, who’s overseeing the bankruptcy proceedings, said Monday he’s asked the attorneys representing FTX, the unsecured creditor committee, U.S. Trustee and the Joint Public Liquidators of the Bahamas…
Infura is developing a decentralized marketplace of data providers that will help to prevent Web3 app crashes in the future, according to a Feb. 6 Cointelegraph interview with Infura researcher Patrick McCorry. McCorry stated that the new “Dfura” or “decentralized Infura” will help to ensure that blockchains remain decentralized by distributing data provider services among multiple providers in a marketplace.…
On Jan. 24, the dYdX Foundation, the entity responsible for the dYdX decentralized crypto exchange, announced “changes” to its tokenomics — the way it distributes tokens to early investors, employees and contractors, and, of course, the public. So, what’s uncommon about the situation? The project’s foundation, in agreement with dYdX Trading Inc. and its early investors, decided to amend the…
