On Tuesday, OpenSea, the most popular nonfungible tokens, or NFTs, marketplace by trading volume, announced that it was migrating to Seaport. Among many perks, the protocol says it will feature lower gas fees, the ability to make offers on entire collections, removal of new account initialization fees and more user-friendly signature options. As told by OpenSea, users would pay 35%…
In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several minor hardware failures on wallet consolidation” as the incident that ultimately forced it to pause withdrawals. To fix the problem and to stop this from recurring, Binance said it changed the logic “to only take successful UTXO from consolidation transactions…
Binance CEO, Changpeng Zhao, commonly known as “CZ,” said in a recent interview that a potential crypto winter is good for business. When asked how Binance will fare during the current crypto winter following reports of recruitment freezes at Gemini and Coinbase, he answered confidently. “It’s not the first time we’ve gone through a crypto winter. If we are in…
Decrypt’s Kate Irwin talks to Superchief Gallery co-founder Edward Ed Zipco about NFTs and the potential for digital art at Superchief’s 10 anniversary showing in Los Angeles. Source: https://decrypt.co/videos/interviews/KpXp8e1w/nfts-and-knife-throwing-abound-at-superchief-gallery-in-la
On Tuesday, Romania’s National Institute for Research and Development In Informatics, also known as ICI Bucharest (ICI), announced that it would be building an institutional nonfungible tokens, or NFTs, marketplace and a decentralized Domain Name System. Both services will be built on the Elrond (EGLD) blockchain, which is known for its ability to speed up transactions via sharding. ICI was…
In brief The floor or entry-level price for a Bored Ape Yacht Club NFT has fallen below $100,000 for the first time since August 2021. It’s down 78% since late April, when Bored Apes started at nearly $429,000. The Bored Ape Yacht Club has been a key symbol of rising valuations in the NFT market, with celebrities snapping up disinterested…
In an episode of the “Bitconheiros” podcast with guest Fábio Ostermann, the Brazilian congressman commented — among several subjects — on Bitcoin and the adoption of decentralized technologies. This story was shared by local media outlet Boletim Bitcoin. The Brazilian member of Parliament said that technologies that promote decentralization have the potential to free Brazil, as they can make many…
The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after it allegedly offered and sold unregistered securities. In a Tuesday announcement, the state regulator said BlockFi had “offered and sold securities in Iowa that were not registered or permitted for sale in Iowa” in…
Early last month, MicroStrategy CTO Phong Lee reassured concerned shareholders that the biggest Bitcoin holder among publicly traded companies had nothing to worry about as another Crypto Winter approached. “Essentially, Bitcoin needs to be cut in half, or around $21,000, before we’d have a margin call,” Lee told investors on a quarterly earnings call. It would appear the once-unthinkable day…
After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the 200 EH/s region. Hashrate Drops to 182 EH/s and Bounces Back Above 200…
