Thousand of traders have had their position liquidated across multiple markets following a volatile week in the cryptocurrency space. According to data from cryptocurrency and futures trading platform Coinglass, more than $400 million worth of trader positions in the crypto market were liquidated on May 5. Notably, those who placed
Two weeks after launching its NFT marketplace, Coinbase has now opened the platform to all prospective users. As reported by BTC PEERS, Coinbase announced on April 20 that its NFT marketplace was live in beta and accessible by a small group of beta testers who had earlier registered to join
Much like the DeFi lending era, NFT-backed loans are becoming more of a norm. An anonymous CryptoPunk owner has been able to use two of his pixelated avatars as collateral to collect a loan of over $3.3 million. The said loan was issued by the crypto lending platform Nexo
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Nafstars, a France-based play-to-earn (P2E) and NFT platform on Polygon, has raised $1.7 million in seed, token pre-sale, and NFTs, as per a recent press release. Nafstars setting Sight on the Multi-Billion Music Industry The successful $1.7 million raise is ahead of the highly anticipated Non-fungible Conference (NFC)
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Goons of Balatroon (GoB), an ambitious trading card game with rich 2D and 3D aesthetics incorporating land ownership and NFTs on the state-of-the-art Elysium ecosystem, has completed a $2.46 million seed and private sale funding round. GOB to Expand their Ecosystem The funding round was led by Merit Circle
Crypto exchange Kraken has finally opened a waitlist for its NFT marketplace in beta four months after CEO Jesse Powell announced the company’s desire to launch an NFT platform. The company made the revelation in a Tuesday blog post, explaining that NFTs “have redefined the concepts of digital expression,
VanEck made headlines in the Bitcoin ETF scenes following its attempt to get the approval of the SEC to launch a spot exchange-traded fund for the asset class. Amid all the buzz around NFTs, the New York-based investment management firm is now planning to release a collection of 1,000
NFT News
One man’s meat is definitely another man’s poison. While billionaire Warren Buffett recently lashed out at Bitcoin as an unproductive asset, Tesla, in a recent SEC filing, has lauded Bitcoin’s liquidity and long-term potential. In a recent filing with the US Securities and Exchange Commission, Tesla Inc.
While the Ethereum network crumbled under the high demand for Otherside NFTs over the weekend, Solana’s proof-of-stake (PoS) is battling with another type of demand. NFT minting bots on Solana have knocked validators out of consensus for the 7th time in 2022, crashing the network for several hours. Unlike
Metaverse
Over the weekend, Yuga Labs sold 55,000 NFTs tied to its upcoming Otherside metaverse. The highly-anticipated mint generated nearly $320 million for the company, but that was not all. High demand for the NFTs clogged the Ethereum mainnet and sent gas prices to shocking heights. Moreover, Yuga Labs raked
Years after trash-talking Bitcoin and calling it “rat poison,” Warren Buffett appears to be finally coming around. However, the billionaire is not stoked by the performance of the world’s most populous cryptocurrency. Speaking during a Berkshire Hathaway Annual Shareholder meeting last Saturday, Buffett said that Bitcoin has “got a
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Stablecoins have maintained a strong growth momentum against the occasionally frustrating crypto market. Recently, the TUSD-TRX pool on the decentralized trading platform SunSwap has yielded up to 12%, and the vault of TUSD achieved an APY of as high as 11.2% on the decentralized yield optimizer Beefy Finance (BNB)
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Zone of Avoidance (ZoA), a ground-breaking new play-to-earn game, is crashing through the GameFi atmosphere with a variety of thrilling Player-versus-Player (PVP) and Player-versus-Environment (PVE) mechanics. Set in the inhospitable frontier that is the great beyond, this NFT-based auto-battler is set to excite players with a brand new take on
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Ankr has solidified itself as the fastest growing Web3 infrastructure provider in the industry, but what exactly does this mean? In short, we’re adding more nodes and node providers to Ankr Protocol, serving immense volumes of RPC requests to blockchain networks, and supporting more public RPC endpoints than any
NFT News
In a blog post on Friday morning, Yuga Labs announced that it was ditching its Dutch-style auction for the upcoming NFTs of its Otherside metaverse. A few days ago, Otherside tweeted that it would adopt a Dutch auction for the mint. In this type of auction, the auctioneer begins with
NFT News
Last year, Coinbase announced its plans to launch an NFT marketplace, with subsequent announcements that the platform will support Mastercard purchases. The long-awaited NFT platform finally went live last Wednesday. However, the trading platform saw just 73 ETH in sale volume in its first week. On April 20, Coinbase announced