Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and roughly 1.62 million transactions. NFT Sales Continue to Rise in 2023, Ethereum Dominates NFT Sales with 90% Market Share…
Cryptocurrency exchange and financial services firm Blockchain.com has denied attempts to sell assets or subsidiaries, and it is not in talks with other crypto firms about possible deals, a spokesperson told Cointelegraph on Feb. 18. According to reports citing anonymous sources, executives of the company discussed selling parts of its business to other crypto firms – including Coinbase – between…
The largest marketplace for non-fungible tokens (NFTs), Opensea, has announced major changes to its fee structure and policies in response to a shift in the NFT ecosystem. The company detailed that it will drop fees to zero for a limited time and offer an optional creator earnings model with a minimum of 0.5% for all collections that do not use…
Times, they are a-changin’. The recent hype around Bitcoin NTFs, also called Ordinals, has driven a key thorn in the side of the maximalist community. Instead of laying down the rails for “thermodynamically sound money,” it’s being used for printing more jpegs. Bitcoin proponents are also concerned about the scarce amount of block space available, a resource apparently too precious…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Last week a Maker DAO cluster launched a new lending market. Think Aave, because, well, it is actually using much of the same code. And the term cluster here is intentional; the group of developers who built what is now called Spark Protocol were quite literally called the “Crimson Cluster.” Now, they’re…
Bitcoin (BTC) NFTs will have a positive impact on Bitcoin ecosystem by improving its security and incentivizing developers to build on the network, according to independent developer Udi Wertheimer. The number of newly created Ordinals, also referred to as “inscriptions”, have been spiking in recent weeks, causing a surge in transaction fees and average block size on the Bitcoin blockchain. …
Blockchain bridges allow decentralized finance (DeFi) users to use the same tokens across multiple blockchains. For example, a trader can use USD Coin (USDC) on the Ethereum or Solana blockchains to interact with the decentralized applications (DApps) on those networks. While these protocols may be convenient for DeFi users, they are at risk of exploitation by malicious actors. For example,…
Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System, which was denied by the…
Polkadot remained close to its highest level since September, as bullish sentiment rose to start the weekend. Following a move above $7.00 on Friday, momentum was high during Saturday’s session. Chainlink was also higher, with prices tracking at a nine-day high. Polkadot (DOT) Polkadot (DOT) remained close to a multi-month high on Saturday, following a breakout above a $7.15 resistance…
Ryan Wyatt has quickly become a prominent figure in the crypto space since joining Polygon Labs early last year—but he’s arguably better known for his past in gaming and esports. Under the gamer tag Fwiz, Wyatt was a fixture in the early Call of Duty esports scene, working as a commentator and later VP of Programming for Major League Gaming.…
