Cryptocurrencies | NFT

2022-08-03 16:12:08 Hard times for NFT in China

Although the Chinese government suppresses crypto activity in the country, traders have found a way around regulatory hurdles by turning to unregistered transactions for second-hand NFT.

Since cryptocurrency payments are banned in China, all NFT transactions in the country are conducted in renminbi. In addition, because of the country's aversion to blockchain technology, NFTs are not issued through decentralized blockchains, but rather through databases managed by Chinese enterprises. Open / Comment

2022-08-01 22:23:06 FC Barcelona releases its first NFT

The soccer club is releasing its NFT collection. "In a Way, Immortal" is an audio-visual image recreating the legendary moment of December 22, 1973, when the iconic Dutch player Johan Cruyff "flew" through the air to score the decisive goal against Atletico Madrid goalkeeper Miguel Reina. This is the first of ten NFTs being prepared.

The auction will take place July 29 at Sotheby's, and bids are already being accepted. The owner of the token will receive VIP opportunities: the title of digital ambassador of Barcelona and access to the club's academy. Open / Comment

2022-07-29 19:01:15 Mining giant is forced to sell-out 79% of BTC to pay debt.

One of the top crypto mining companies, Core Scientific, sold 79% of its Bitcoin holdings in June to survive the bear market. The company sold 7,202 Bitcoins for around $23,000 each, gaining nearly $167 million. According to the monthly company announcement, Core Scientific used the cash to pay for ASIC servers and scheduled debt. Open / Comment

2022-07-28 19:40:00 Steve Aoki's NFTs announced for The Sandbox metaverse

Representatives of The Sandbox metaverse have announced that avatars of world-famous DJ Steve Aoki will appear in their virtual universe. They will be integrated as NFTs, a collection of 3,333 items depicting the celebrity himself. Each item will have unique functions and give certain bonuses to the owners to earn SAND tokens in the game.

Users will be able to purchase virtual items with varying levels of rarity. The rarest will be the "Gold Card", which will be only 2% of the total token issue, and the most common "human" will be 35%. Each avatar was created by random generation. Open / Comment

2022-07-24 13:46:49 Coinbase suspends affiliate program

Leaked emails indicate that Coinbase is suspending its affiliate marketing program in the United States.

The emails sent to three creators cite market conditions and projections for the remainder of 2022 as reasons for the suspension. Without giving a specific date, Coinbase said it would resume its affiliate program in 2023. Open / Comment

2022-07-21 11:46:20 CryptoPunks tops the weekly charts, up 558% as NFT markets recover

CryptoPunks continues to outperform the BAYC collection on the current chart as markets recover. The collection is back in the lead and continues to hold a solid lead on the NFT sales chart. Sales topped $25.3 million in the last week, up 558%. At the same time, regular rival BAYC accumulated just over $12.4 million.

Nevertheless, analytics platforms are keeping a close eye on the rampant sales. Santiment has confirmed a huge increase in transactions from Punks OTC over the past 30 days. The largest transaction during this period was for CryptoPunks NFT worth 120 ETH (or $140,000). Open / Comment

2022-07-18 12:41:12 Reasons selected for not buying BTC Open / Comment

2022-07-17 15:16:13 Rarest whiskey to be auctioned off as NFT for $75,000

According to the trading floor, collectors get a chance to own a piece of history with the 1970's Last Masterpiece of the Karuizawa Distillery of Japan, which closed in 2011. Only 211 bottles remain of the distillery's 1970 barrels, and one of them will be available as the brand's first non-replaceable token.

This unique bottle is a limited edition for BlockBar, adorned with a custom label designed by one of Japan's most prominent calligraphers, Soon Takeda. The lot has a starting bid of $75,000.

NFTs are not just for today's collectors. The Lamborghini-backed GT Vincenzo Sospiri Racing (VSR) team is launching an NFT certification program for parts of its race cars, which will authenticate and verify every part of the racing fleet. Open / Comment

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2022-06-23 16:40:41 China's WeChat updates policy, banning cryptocurrency and NFT accounts

Hong Kong-based crypto news reporter Colin Bai shared the updated policy on Twitter Monday. In his tweet, Bai noted that public accounts on WeChat that are linked to "the issuance, trading and financing of cryptocurrencies and NFT" are subject to a ban. The reporter also points out that WeChat has an astounding 1.1 billion daily active users in China.

Saying that China has a strained relationship with cryptocurrencies and NFT is a major understatement. Indeed, in recent months, the country has done its best to ban most of the world's cryptocurrency and NFT platforms. Open / Comment