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Spritehood has sold 42,956 paid NFTs on Robinhood Chain in about 53 minutes, generating nearly $1.28 million for Pudgy Penguins co-founder Cole Villemain. Spritehood $NFT sale reached $1.28 million The Defiant reported that Villemain launched Spritehood on Aug. 11 after previously being removed from the founding team of Pudgy Penguins, with the paid portion of the sale selling out in less than one hour. On-chain analyst 0xlaplaced calculated that the mint generated about $1.2829 million, or approximately 684.28 $ETH, based on the price of Ether during the sale. The final total came in well above an earlier estimate of roughly…

Crypto mining may seem entirely digital, but the machines behind it consume a lot of electricity, require cooling, wear out, and affect the communities and power grids around them. That makes questions about its environmental footprint harder than comparing a few energy-use figures. If you’re trying to understand whether crypto mining is actually bad for the environment, you need to look beyond a single headline or statistic. Let’s break down the details. Is Crypto Mining Bad for the Environment? The environmental impact of crypto mining depends heavily on the network, its consensus mechanism, the hardware involved, and where its electricity…

Crypto mining has a reputation for consuming enormous amounts of power, but the numbers you see online often mix Bitcoin estimates, old forecasts, and misleading per-transaction calculations. If you’re trying to work out how much electricity crypto mining actually uses, it’s easy to compare figures that measure different things. Here’s how to separate current estimates from oversimplified claims—and understand what really drives the power demand. How Much Electricity Does Crypto Mining Really Use? The clearest benchmark comes from the Cambridge Bitcoin Electricity Consumption Index (CBECI), which estimates Bitcoin mining electricity without a direct meter reading. It and the Cambridge Digital…

Cole Villemain (aka “ColeThereum”), the Pudgy Penguins co-founder who left the project after allegations of misusing its treasury, is selling NFTs again. On Sunday, the controversial founder previewed his new collection launching on Robinhood Chain to over half a million views. That attention was split among those celebrating Cole’s return and an equally-sized population who remembers the disappointing crypto projects from his past. Villemain faced allegations of treasury misuse at Pudgy Penguins, and he had plenty of earlier controversies. In August 2021, for example, blockchain sleuth ZachXBT profiled one of his pre-crypto ventures, a dropshipping site called eBoy Outlet. That…

Founder Indicted Over $10 Million $NFT Marketplace Raise The U.S. Department of Justice (DOJ) announced Aug. 5 that Few and Far founder Taj Tarsha had been indicted on securities and wire fraud charges tied to more than $10 million raised for an $NFT marketplace. Tarsha was the founder and sole equity owner of the company, which had brought no product to market when the raise began. Beginning in February 2022, Tarsha sold rights to 95 million FAR tokens through Simple Agreements for Future Tokens, collecting more than $10 million from at least 67 investors. According to prosecutors, offering materials represented…

The StonkBrokers $NFT collection, which integrates stock-token rewards into digital collectibles, has seen its floor price climb above 9.2 $ETH, reflecting a more than 20% increase over the past 24 hours. The project, built on the ERC-721 standard, has also recorded cumulative trading volume of 1,734 $ETH, signaling renewed market interest. What Drives StonkBrokers’ Value? StonkBrokers distinguishes itself by embedding stock tokens directly into each $NFT at the time of issuance. According to the project’s documentation, these tokens can generate real stock-token rewards based on trading fees accrued within the ecosystem. This mechanic ties the $NFT’s utility to ongoing market…

Rarible has launched its $NFT marketplace on Solana after months of development, naming Claynosaurz as its first featured collection. Rarible expands its marketplace to Solana Rarible announced the launch on Thursday, marking its latest expansion beyond the blockchain networks already supported by its $NFT marketplace. We have a surprise…We’ve actually been working on Solana for months.Today, we’re incredibly excited to finally say it:Rarible is now live on @solana.We’re kicking things off with @Claynosaurz as the first featured collection on the marketplace.This is just the… pic.twitter.com/PnUKc7b2sj — Rarible (@rarible) August 6, 2026 Claynosaurz, a Solana-based entertainment and $NFT brand built around…

Buying crypto can feel straightforward until you start asking who holds your funds, where your trade actually settles, and whether you can withdraw whenever you choose. A centralized cryptocurrency exchange simplifies the process, but that convenience requires you to trust a company with your account and assets. Before depositing money, you need to understand exactly what a CEX controls, and what can potentially go wrong. Table of Contents 1What Is a Centralized Cryptocurrency Exchange (CEX)?How Does a Centralized Exchange Work?1. Creating and Verifying a Customer Account2. Depositing Fiat Currency or Crypto Assets3. Submitting a Buy or Sell Order4. Matching and…

Crypto mining can sound straightforward until terms like hash rate, nonces, mempools, difficulty, and ASICs start piling up. Then there are the practical questions: who actually confirms transactions, why does mining consume so much electricity, and can you still earn money doing it? This guide breaks the process down without reducing it to the misleading idea that miners simply “solve puzzles” to create coins. What Is Crypto Mining? Cryptocurrency mining is the competitive process through which participants on a proof-of-work blockchain use computing power for the chance to publish the next valid block. Mining hardware repeatedly hashes block-header data until…

In 2021, during the height of $NFT-mania, an angel investor and macroeconomist named Tascha Che (aka Tascha Labs) announced her plan to buy a $5,000 diamond, create an $NFT of it, then smash it to pieces. The stunt, intended to prove that, while physical objects can be destroyed, digital footprints can forever retain value, was widely criticized by most outside of cryptocurrency and $NFT circles. But since the complete collapse of the $NFT markets and liquidity falling to near all-time lows, how has the shattered diamond $NFT performed? Diamond background Che came up with the idea after posting a hypothesis…