Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According to cryptoslam.io metrics, NFT sales in August tallied up to approximately […] Source: https://news.bitcoin.com/nft-market-faces-brutal-august-sales-buyers-and-transactions-all-plunge/
The Supreme Court of British Columbia has ordered $1.2 million in damages to be paid in a Bitcoin-related loan dispute, reflecting the growing legal acceptance of cryptocurrencies. Source: https://cointelegraph.com/news/supreme-court-british-columbia-crypto-loan-dispute?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Pixelcraft Studios, the company behind crypto game Aavegotchi, is creating a “members-only” Ethereum layer-3 gaming network called Geist, built with the scaling tech of both Arbitrum and Base. The move comes as the company fears that “industrial farming” is an issue preventing real players from enjoying crypto gaming. “A lot of crypto games are farms,” the pseudonymous CEO and founder of…
The arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong expressed optimism about the future of crypto payments, predicting it as the next big boom driven by advancements in technology. The SEC has issued a Wells notice to Opensea, potentially classifying NFTs as securities. Economist […] Source: https://news.bitcoin.com/telegram-ceo-arrested-coinbase-ceo-bullish-on-crypto-payments-and-more-week-in-review/
Bitcoin’s developer ecosystem is the hottest it has been in years. Projects, tools, and proposals to unlock new decentralized applications for the OG crypto network are now part of the mainstream Bitcoin conversation. One proposal central to that conversation is BIP-347, or “OP_CAT”—though called BIP-420 by some proponents—a potential soft fork upgrade that proponents think could supercharge Bitcoin’s capabilities. At…
According to Adrian Brink, co-founder of Anoma and Namada, rollups offer little new functionality beyond the Ethereum Virtual Machine (EVM). He argues they are essentially execution-sharding solutions presented as true scaling solutions. Brink instead touts Plasma as the “only true scaling solution out there” because it enables constant data posting to the main chain “regardless […] Source: https://news.bitcoin.com/rollups-are-copies-of-the-evm-not-true-scaling-solutions-says-developer/
The crypto industry found itself in an increasingly familiar position this week: on the defensive, banding together to fight back against encircling government forces. The latest cycle of drama kicked off in full force late last weekend, when the French government abruptly arrested Telegram CEO Pavel Durov as he stepped off his private jet in Paris. Immediately, crypto and decentralization…
Oasys, a Web3 gaming-oriented blockchain project, announced a strategic partnership with SBI Holdings, one of the largest financial conglomerates in Japan. As part of this partnership, Oasys secured an undisclosed amount of funding to grow the liquidity of its token and expand the Oasys ecosystem. Yoshitaka Kitao, President and CEO of SBI Holdings, stated that […] Source: https://news.bitcoin.com/gaming-blockchain-oasys-announces-partnership-with-japanese-conglomerate-sbi-holdings/
Two largest phishing attacks together made up 93.5% of the total stolen funds, amounting to $293.4 million. Source: https://cointelegraph.com/news/313-million-crypto-lost-hacks-august?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Buterin’s recent transfer of 1,100 ETH to exchanges coincides with the Ethereum Foundation’s Ether sales worth over $200 million. Source: https://cointelegraph.com/news/vitalik-buterin-ethereum-10m-sales-eth-bulls?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
