Leading NFT marketplace OpenSea has welcomed its first chief financial officer, and it is none other than Brian Roberts, the former CFO of ride-sharing app Lyft. According to a Bloomberg report, Roberts is interested in raising more funds for OpenSea’s booming NFT marketplace. He is also eyeing an IPO,
Following the launch of The Sandbox Alpha in November, the team behind the popular decentralized metaverse has decided to release a series of NFTs to mark the event. The Alpha collection has been broken down into four exclusive NFT drops, each offering a different experience. To mark the launch of
An NFT collector known as “P-Ape” has spent a whopping $450,000 on a virtual land on The Sandbox. Over the past week, The Sandbox, a virtual metaverse that allows players to play, build, own, and monetize their virtual experiences, announced that some plots of lands in the “Snoopverse” would
NFT News
In 2021, the NFT market experienced a huge boom, and more projects entered the market every day. In fact, Reuters reported that the NFT sales volume within the first half of the year surged to $2.5 billion. It further goes to show the growth of the NFT market and
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The Decentralized Finance (DeFi) market has had a tremendous year in 2021 in terms of Total Value Locked (TVL). According to a report by Market Forces, the DeFi market soared 335% to $85 billion within the third quarter of 2021. However, there is a pitfall with DeFi's shared-pool
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Some say trading’s about luck; others call it an extreme sport. There’s a special thrill that comes with executing the perfect trade, buying the dip, and selling at the market’s peak. For those newer to the scene, trading competitions afford the opportunity to learn and grow as
Facebook, now known as Meta, has decided to make it easier for crypto platforms to run their advertisements on its social media platform by lifting an earlier ban on crypto ads. The social media giant made the announcement via an official blog post earlier this week. Facebook has been very
According to industry insider and government advisor Whit Gibbs, the United States government is already mining Bitcoin. The claim was erroneously disclosed by Gibbs in a Dec. 1 interview with Anthony Pompliano on the Best Business Show, when the pair were discussing countries that are currently mining BTC. While most
Could metaverse be the next big thing? Weeks after social media giant changed its name to Meta, financial services company Square has also taken the bold step of changing its name to Block. We’re changing our company name so we can give the full @Square brand to our Seller
Barely three months after VanEck and ProShares suddenly withdrew their ETH futures ETF applications Denver-based investment firm Kelly Strategic Management has gone ahead to file for an exchange-traded fund (ETF) offering exposure to Ethereum (ETH) futures contracts. The Kelly Ethereum Ether Strategy ETF intends to invest in cash-settled Ether futures
Press Releases
The Non-fungible token (NFT) market has experienced unprecedented growth in 2021. In fact, a report on CNBC revealed that the NFT trading volume within the third quarter of 2021 surged to $10 billion. This further explains why there has been a massive buzz about NFTs in recent times. We have
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Phemex is all set to turn its users’ dreams into reality as it celebrates its 2nd anniversary. The Singapore-based cryptocurrency exchange has had an extraordinary journey since its inception in 2019, positioning itself as one of the most efficient crypto trading and investment platforms in the world. Phemex thinks it’
Renowned cryptocurrency exchange Crypto.com does not seem to be relenting on its on-ramp and off-ramp crypto efforts as it is now working with California state-chartered bank Silvergate to allow institutional clients to deposit and withdraw from its platform in U.S. dollars (USD). Crypto.com announced on Tuesday that
American investment management firm Invesco recently unveiled a new physically-backed Bitcoin exchange-traded product (ETP). The Invesco Physical Bitcoin ETP will operate on a fixed annual fee of 0.99% while the BTC will be held by Zodia Custody, a U.K.-based custodian registered with the U.K.’s Financial
According to data from investment research platform YCharts, the average transaction fee of the Bitcoin network (BTC) has dropped by 57.97%, from $4.40 to $1.80 this year. A number of factors may have contributed to the network’s lower transaction costs. For one, it may not be
Press Releases
Nornickel updated its long-term strategy on Monday with key focus on higher production goals and a huge investment spending expansion. The company is the largest producer of so-called green metals – essential ingredients in the technologies based on renewable energy such as high capacity batteries and thus presents a great investment