This is the first time since October that the number of month- | Coin Bureau Insider

This is the first time since October that the number of month-on-month NFT buyers has dropped. It is worth noting that the search volume on NFTs has fallen significantly too.

At just 796,009, NFT buyers have dropped by 12%. These buyers accounted for just $2.6 billion worth of NFT sales in February – a volume figure down a whopping 40% from the previous month.

It is possible that factors such as increasing cynicism of platforms like OpenSea and media interest moving toward global events could have had an impact.

That said, it seems to us that the decrease in volume and buyers is not an unhealthy phenomenon…

January saw an insane month for NFT interest with Opensea recording $5 billion in transaction volume, so a fair bit of pullback is wholly unsurprising.

https://cointelegraph.com/news/monthly-nft-buyers-dip-below-800k-as-searches-fall-off-a-cliff



You’ve probably heard about Kumbhani, the founder of infamous Ponzi scheme, Bitconnect…

Kumbhani has now been indicted for misleading US investors in BitConnect’s ‘lending programme’.

According to a statement from the US Department of Justice:

“BitConnect operated as a Ponzi scheme by paying earlier BitConnect investors with money from later investors.”

Kumbhani and his co-conspirators managed to make off with a full $2.4 billion in investor funds…

Kumbhani could face up to 70 years behind bars if found guilty on all counts, but the scammer is nowhere to be found!

According to Kumbhani’s legal team, he has likely fled India. Kumbhani is likely seeking anonymity and refuge in another jurisdiction.

Interestingly, an American citizen, Glen Arcaro, has already please guilty to his involvement in the BitConnect Ponzi scheme, having made a whopping $24 million for himself in the illicit process…

https://www.coinbureau.com/news/bitconnect-mastermind-indicted-for-2-4-billion-scam-but-authorities-cant-find-him/