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NFT Donald Trump’s NFT trading cards grabbed ample attention when launching in December, then fell flat once January rolled around. But as the disgraced former United States president plans another run for office and a potential return to social media platforms, his collectibles are once again surging in price and trading activity. Trump’s digital trading card NFTs minted on Polygon, an Ethereum scaling network, hit a new all-time high floor price of $1,000 on Sunday, per data from NFT Price Floor. The “floor” is the lowest price that an NFT from a particular project is listed for on a marketplace.…

For readers looking for unique, meaningful gifts for their valentine this Valentine’s Day, consider giving a cryptocurrency-related gift. Here are nine options:A cryptocurrency gift card Give your significant other the gift of choice by giving them a cryptocurrency gift card. They can use it to buy food or any digital asset they want, whether that’s Bitcoin (BTC), Ether (ETH) or a stablecoin like USD Coin (USDC).Virtual real estateReaders can buy virtual real estate in the metaverse, such as in Decentraland or The Sandbox, as a unique, romantic gift. Their significant other can build and customize their own virtual world, and couples can…

NFT One of the co-founders behind the controversial @NFT Instagram account is back at it again, looking for investors to pump millions into his latest crypto venture. A year ago, the @NFT Instagram account was accused of charging $100,000 for paid posts—ads which it published without disclosure—and falsely listed investor Mark Cuban as one of its co-founders. It was also accused of promoting multiple scams and “rug pull” NFT projects. Now, one of its co-founders, Aaron Avruskin, has resurfaced with a new crypto business idea: a browser-based mobile crypto gambling game with rapper Lil Baby called “Rollies.” “Before JPEGs and…

The New York Department of Financial Services (NYDFS) has ordered blockchain company Paxos Trust to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin. The New York regulator’s actions come shortly after the United States Securities and Exchange Commission (SEC) issued a wells notice to Paxos — a letter the regulator uses to tell companies of planned enforcement action. The notice alleged that Binance USD is an unregistered security.The NYDFS has asked Paxos to stop creating more of its BUSD token. Paxos will continue to manage redemptions of the product, according to a Binance statement.The Department is monitoring Paxos closely to verify that the…

In January, ApeCoin (APE) had an underwhelming performance compared to metaverse-based tokens like Decentraland (MANA) and The Sandbox (SAND). APE token gained 61% compared to the 90% and 150% respective gains seen in SAND and MANA. The subdued gains can be attributed to the hefty APE staking rewards that is likely creating some selling pressure.An upcoming unlock of around 9% of APE’s circulating supply in March 2023, along with not-so-impressive fundamentals, will add further headwinds for the token. The gains in APE will depend on the success of the blockchain gaming projects in the ApeCoin ecosystem and new partnerships between…

Highly anticipated musical, ‘Bad Cinderella’ is the latest theater production to launch an NFT collection. “The Queen’s VIP Pass,” the first digital collectible for the eagerly awaited musical, will give fans exclusive access to behind-the-scenes content, digital merchandise, early access to arts, first looks into the kingdom and other fan-related content before the show opens on Broadway. Furthermore, those completing “The Queen’s Collection” by acquiring all the NFTs in the series, will be rewarded with a special bonus NFT – a digital poster featuring the combined artwork from the Bad Cinderella show. Those who collect the entire set of collectibles…

Tuesday was a record-breaking day for LeBron James both in terms of NBA performance and NFTs. The collectibles sales started increasing on February 5th, amassing over $234,000 in total sales up to this date. What’s more, NBA Top Shot reported over 2,500 individual NFTs traded, breaking a personal record for the player since May 2022. LeBron James’ record-breaking performance has led to an NFT boom on NBA-related collectibles. Credit: Twitter LeBron James’ NBA Scoring Record: How Are His NFTs Doing? Four decades after Kareem Abdul-Jappar broke NBA’s scoring records, LeBron James became the NBA’s all-time charts with 38,388th points on…

Recently reported planned enforcement action against the Paxos Trust Company by the United States Securities and Exchange Commission (SEC) over Binance USD (BUSD) has many in the community questioning how the regulator could see a stablecoin as a security. Blockchain lawyers told Cointelegraph that while the answer isn’t black and white, there exists an argument for it if the stablecoin was issued in the expectation of profits or are derivatives of securities.A report from The Wall Street Journal on Feb. 12 revealed that the SEC is planning to sue Paxos Trust Company in relation to its issuance of Binance USD, a stablecoin…

NFT HadesDAO, the organization associated with the Hadeswap protocol, acquired NFT darling SolanaMonkeyBusiness (SMB) and its IP in the latest example of consolidation in the NFT market. “It is a unique opportunity to be able to empower a brand so powerful and unique,” Hadeswap wrote in a blog announcing the deal. The terms of the deal were not disclosed. SMB is a collection of 5,000 SolMonkey NFTs minted on the Solana blockchain. It rode a wave of hype after launching in summer 2021 to become one of the most valuable collections on the chain. HadesDAO said it would look to…

NFT Written off at launch, Porsche NFTs are now trading at a 280% higher floor price – up by 25% on Monday alone. The Porsche 911 non-fungible tokens (NFTs) featured the famous 911 model in a collection of 7,500 NFTs. The mint went live on Jan. 24, priced at 0.911 Ethereum (ETH), but received backlash from the community. The community criticized the price of 0.911 ETH, as the overall Web3 market is trying to recover from crypto winter. A day after the launch, roughly 80% of the inventory remained unsold. The collection was trading at around 0.85 ETH, lower than…