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In a recent interview, Grayscale Investments’ CEO Michael Sonnenshein stated he “can’t imagine” why the United States Securities and Exchange Commission (SEC) “wouldn’t want” to protect Grayscale investors and return the true asset value to them.In a Feb. 25 interview on What Bitcoin Did, a popular podcast hosted by Peter McCormack, Sonnenshein explained that the SEC “violated the administrative procedures act” by denying approval for the Grayscale Bitcoin Trust (GBTC) to be a spot Bitcoin (BTC) exchange-traded fund (ETF), in June 2022.He explained that this act ensures the regulator doesn’t show “favoritism” or act “arbitrarily,” adding that the SEC acted “arbitrarily”…

According to metaverse platform, Metajuice, almost three out of four of the nonfungible token (NFT) collectors on its platform purchase NFTs for status, uniqueness and aesthetics.While current NFT sales are not as high as during the peak in 2021, the space still holds on, with users giving various reasons for buying NFTs.Top 10 blockchains by NFT sales in the last 24 hours. Source: CryptoslamIn an announcement sent to Cointelegraph, Metajuice highlighted that their team surveyed over 6,000 NFT users to discover the motivations behind NFT purchases. The survey results showed that among the reasons laid out by the researchers, standing…

The dumping of 1,010 NFTs by a prominent whale may be a symptom of the new Blur marketplace rewards scheme.A known ‘whale’ named Machi Big Brother dumped 1,060 non-fungible tokens over a 48-hour selling spree. In total, the dump amounted to $18.6M, in what is being called the biggest dump in NFT history.What is more, Machi Big Brother then bought back 991 NFTs in a bizarre twist.A whale is someone who owns a large amount of cryptocurrency, and can manipulate the market with their trading activity. Consequently, whale activity causes a ripple effect, and can lead to drastic changes in…

Blockchain CoinGate, a cryptocurrency payment processor, implemented support for Binance Smart Chan (BSC) and Polygon blockchain networks. Integrating these two networks into the CoinGate payment solution has created more flexibility when spending cryptocurrencies, allowing shoppers to select more networks during a payment process and save money on fees. MATIC, WBTC, USDC, USDT, BNB, BUSD, and DAI are able to be used when paying through the Polygon network. Those who prefer using the BSC network can now use BNB, BUSD, USDC, USDT, and DAI for payments. Justas Paulius, CEO of CoinGate, believes that adding more networks to the CoinGate payment solution…

Interest in the metaverse is accelerating at a global rate, with countries all over the world joining in the rush to get involved.In Japan, a country often associated with its legacy technology sector, a group of well-known tech companies entered into an agreement on Feb. 27 to forward the creation of the “Japan Metaverse Economic Zone.”Along with creating the Japan Metaverse Economic Zone, the agreement’s focus is on building an open metaverse infrastructure called “Ryugukoku,” which will spark the next wave of metaverse development.This open metaverse infrastructure will help create interoperable tools available for users and developers across various platforms.…

NBA Top Shot, the leading sports NFT platform, is set to launch a series of applications that will allow fans to engage with their services more efficiently through their mobile devices. This is according to an announcement made on February 16. According to Jennifer Van Dijk, Senior VP of Sports Partnerships at Dapper Labs, it’s a necessary step because the platform receives up to 75% of its traffic via mobile web; however, buying and handling NFTs on a mobile browser is difficult.Dapper Labs is the creator of Flow blockchain and the parent platform of NBA Top Shot, NFL All Day,…

NFT Ledger wallet and luxury brand RTFKT announced a capsule collection at the NFT Paris: an educational collaboration to bring self-care to the masses. Ledger wallet in partnership with RTFKT to launch capsule collection Ledger wallet and the educational component of the partnership with RTFKT Growing need for hardware wallets in the US The increase in volumes after the collapse of FTX Ledger wallet in partnership with RTFKT to launch capsule collection During the NFT event in Paris, Ledger wallet and the leader in digital fashion and on-chain digital artifacts, RTFKT, announced their collaboration and new collection. There will also…

Since BAYC creators Yuga Labs’ Dookey Dash launched, the NFT community entered a frenzy. Two days ago, the hunt for the game’s grand prize, the Golden Key, turned into a 690 ETH offer by UPDAO! Surprisingly, the lucky holder, Mongraal, declined it asking for no less than double, or about $2.2 million. Now the community can’t help but wonder: is the Golden Key really worth that much? The Dookey Dash winner Mongraal listed his Golden Key for sale but declined UPDAO’s offer! Dookey Dash: How Much Is The Holder Asking for The Golden Key? The Dookey Dash game may have…

NFT Animoca Brands Chairman Yat Siu has a message for marketplaces: if you care about the health of the web3 ecosystem, you should stand behind creator royalties. The remarks, made in an interview at NFT Paris, follow a prolonged debate about the correct model for remunerating artists and creators in crypto. Last week, Blur, the NFT marketplace targeting pro traders, set its royalty fee — the levy paid back to creators on on-going sales of NFTs — at 0.5%. In response, OpenSea dropped its 2.5% fee to zero for a limited time. Animoca Brands is one of the most prolific…

United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25. Speaking to Reuters, Yellen said it was “critical to put in place a strong regulatory framework.“ She also noted that the United States is not suggesting an “outright banning of crypto activities.“Yellen’s remarks follow earlier ones from the International Monetary Fund (IMF) managing director Kristalina Georgieva, stating that banning crypto should be an option: “There has to be very strong push for regulation… if regulation fails, if you’re slow to do it, then we should not take off the table…