There has been a lot of debate over Bitcoin’s viability as a medium of exchange since the flagship asset shot into the limelight in 2017. While many proponents of Bitcoin believe that the asset class is already revolutionizing financial transactions, some believe Bitcoin has a chance at replacing traditional
The Brazilian Stock Exchange, B3, is set to launch its first official crypto-related product within the next six months, André Milanez confirmed in a conference call on Monday. Milanez, who is the group’s chief financial officer, said B3 plans to launch “Bitcoin futures in the next three to six
In the past, Bitcoin has been touted as the future of financial transactions. However, the advent of several digital assets has left many believing that the flagship cryptocurrency may never get to lead the pack. Sam Bankman-Fried (SBF), the CEO and founder of leading crypto exchange FTX, is one of
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MythosWorld is a new community-empowered ecosystem bringing together aspects of DeFi and GameFi. It will take the form of a game which players who are identified as ‘wizards’ can play to earn the native Mythos Token, as well as two feature films aiming for release in 2023 and beyond. The
In March 2021, Beeple made headlines after his NFT collection sold for a whopping $69.3 million. While it may seem like the digital artist went silent after the phenomenal sale, Beeple has actually been working behind the scenes on a number of new collections, including a new project with
The price of Bitcoin and other cryptocurrencies have continued to plummet, with the flagship cryptocurrency dipping below $30,000 for the first time since July 2021. Bitcoin fell by more than 11% in 24 hours, dipping to $29,944. Although the digital asset has since recovered slightly to $31,390,
Meta-owned Instagram will start testing out NFTs on its platform this week, CEO Mark Zuckerberg revealed. In a Monday video, Instagram head Adam Mosseri confirmed that a small group of US users would be able to display NFTs on their feeds, stories, and messages. He said: This week we'
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In the buildup following Yuga Labs’ recently concluded Otherside metaverse mint, one of the rarest virtual lands from the collection has sold for a whopping $1.5 million. On Sunday, Otherdeed #59906 was sold on the NFT marketplace X2Y2 for 625 ETH. The said piece, which is the eighth rarest
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)
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
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.
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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