OpenSea, the leading NFT marketplace, has recently released a tool. That producers may use, to prevent their freshly released NFTs from being sold on sites that do not accept royalties. However, several Web3 developers had issues with the strategy and execution. Therefore OpenSea is making further policy adjustments in response
December 10, 2022 2 mins read
The epicenter for the current industry discussion about enforcing NFT creator royalties. As well as lengthy arguments between prominent participants in the area have now burst out into social media. As developers attempt to alter the trajectory of the Solana NFT market. Creator of the NFT standard for Solana, Metaplex,
December 9, 2022 2 mins read
Telegram, a popular messaging app, has released an upgrade that allows users to register using blockchain-based anonymous numbers rather than mobile phone numbers. To the delight of privacy-conscious users, Telegram will allow its users to conceal their phone numbers from everyone, rather than only those they haven’t registered to the
December 8, 2022 1 min read
Coinbase, a major cryptocurrency exchange, expects sales to drop significantly in 2022. According to Brian Armstrong, CEO of Coinbase, investor trust has been rattled. Due to declining prices and the bankruptcy of a competitor exchange, FTX. As a consequence, it’s possible that 2022 revenues may drop by as much as
December 8, 2022 1 min read
Morgan Stanley warned in a study published on Monday that Silvergate Capital (SI) faces a variety of risks due to the turmoil in the cryptocurrency industry after the bankruptcy of the crypto exchange FTX. Wall Street bank team led by analyst Manan Gosalia slashed Silvergate shares ratings to underweight from
December 6, 2022 1 min read
After the demise of FTX, the blockchain-based institutional capital marketplace Maple Finance declared on the 5th that it will sever all links with Orthogonal Trading due to the alleged falsification of finances. Maple Finance claims that the decision was made because Orthogonal Trading had been “operating while effectively insolvent” for
December 6, 2022 1 min read
Central bank digital currencies (CBDCs) are seen by regulators throughout the globe as a method to improve fiat capabilities by emulating the technological innovations that fuel cryptocurrencies and their associated financial prowess. Following suit, Pakistan has announced new legislation to facilitate the introduction of a domestic CBDC by 2025. Moreover,
December 5, 2022 1 min read
On Saturday, Brian Armstrong, CEO of Coinbase, criticized Sam Bankman-Fried’s story of how FTX lost $8 billion. According to Armstrong, FTX’s prior CEO, a physicist with a degree from MIT, would not allow billions of dollars to go without a trace. The CEO of Coinbase then explained how he thought
December 5, 2022 2 mins read
According to Yat Siu, co-founder and executive chairman of Hong Kong’s blockchain gaming behemoth Animoca Brands, the company will soon launch a gigantic $2 billion fund, entitled “Animoca Capital,” to invest in metaverse firms. During an interview with Nikkei Asia, the executive said that digital property rights would be a
December 3, 2022 1 min read
Former FTX US president Brett Harrison is now trying to raise money for a new cryptocurrency firm. The report states that he is attempting to raise $6 million while valuing the firm at $60 million. The company’s stated goal is to develop cryptocurrency trading software for institutional investors. This comes
December 3, 2022 1 min read