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While the support from numerous A-list celebrities expedited the nonfungible token (NFT) boom of 2021 and 2022, some promoted unvetted projects to fans without knowing if they were legitimate or scams. The practice retains its popularity in 2023 as markets recover.We just tricked Dillon Danis into promoting a fake NFT project. We paid him $1,000 to post, he didn’t disclose it was an #AD, and posted copy that literally spells out S.C.A.M. pic.twitter.com/SVo2SCoN9q— Coffeezilla (@coffeebreak_YT) February 3, 2023 In the promotion, Danis tweeted out a digital image with a website URL, which, according to Coffeezilla, “literally spells out S.C.A.M.” A further…

Yesterday, digital collectibles marketplace, VeVe announced the launch of Marvel art NFTs. Essentially, the platform has released digital NFT covers featuring artworks from three Marvel comic book artists. The limited-edition, 1-of-1 covers feature Spider-Man and the Black Panther. Notably, the NFTs are available in a “silent auction”, ending at 2:00 pm on September 2. Here’s all you need to know about the Marvel art NFTs from VeVe: Amazing Spider-Man #1 by Skottie Young. Credit: VeVe What are the Marvel art NFTs from VeVe? In its latest partnership with Marvel Entertainment, VeVe has dropped three limited edition NFTs featuring Marvel art.…

Lawyers representing a crypto user allegedly behind a $116 million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud.According to accounts of social media users present on Feb. 2, Mango Markets user Avraham Eisenberg’s legal team waived his right to bail at a hearing in the U.S. District Court for the Southern District of New York. Federal Judge Richard Berman, who will be presiding over the criminal case, has reportedly set a follow-up court date for Feb. 14, suggesting that Eisenberg may remain in detention until…

NFT Despite the ongoing bear market, NFT lending platform NFTfi has hit all-time highs in January for volume (ETH), number of loans, and numbers of borrowers and lenders. General Partner of crypto investment firm 1confirmation, Richard Chen posted via Twitter data panels showing record numbers for the NFT lending protocol. Monthly loan volume was 17,936 ETH, while total loans added up to 4,399 with 907 borrowers and lenders. In addition, crypto reporter Colin Wu shared his opinion on the reasons behind these record numbers for NFTfi. He believes these all-time highs are due to the general recovery of the crypto…

Atto, the pseudonymous founder behind Little Shapes NFT has revealed that the project was actually a “social experiment” designed to shed light on large-scale NFT bot network scams on Twitter.Since late December, Little Shapes had been attracting a fair amount of attention from the media and crypto community. This is due to several semi-viral tweets detailing incidents in the founder’s life that seemed too good to be true. Examples of such included him waking up from a five-month coma, finding out he had assets locked on FTX, telling his wife and then finding out she was cheating on him with…

Dour Darcels, the hugely successful NFT community first project, is launching a collection of 10,000 fashion-focused NFTs. Officially, ‘Dour Fits’, the new collection, will feature the famous cyclopean avatar, with a wide range of diverse and fashionable clothing. Dour Darcels are releasing a collection of fashion NFT avatars! The Dour Darcels NFT ecosystem is growing rapidly Created by New York artist Craig Redman, the Dour NFTs are extremely popular. The iconic avatar ‘Darcel Dissapoints’ has previously worked with household brands such as Adidas, IKEA, and Coca-Cola. This new collection of fashion NFTs is here to make its mark on the…

The number of crypto-related enforcement actions in the United States grew notably in 2022, according to a survey released by blockchain risk monitoring firm Solidus Labs. Both federal and state regulators broke records for enforcement actions.There were 58 actions carried out by the four main U.S. federal agencies engaged in crypto enforcement in 2022. That number surpassed the previous high of 40 recorded in 2020 and rose 65% over the 38 actions seen in 2021. The agencies – the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Financial Crimes Enforcement Network (FinCEN) and the Office of…

CaniSpacien is a unique, hand-drawn collection inspired by “space dogs”. The collection explores the eventuality of humans’ best friends, dogs, once the human race colonises space. The 4,444-piece collection can be minted for free upon launch. CaniSpacien is a free 4,444-piece collection in the Homo Spaciens world. About CaniSpacien Brought to the market by Vizzo Art Creators Lab (VACL), the CaniSpacien NFT collection is a “space dog” themed one, representing the future of humans’ best friends, dogs, once humans eventually live in space. The CaniSpaciens are a unique, hand-drawn collection, which includes the incorporation of many unique and colourful traits.…

Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”Membrane Finance is excited to announce the launch of EUROe on Ethereum!Read more at https://t.co/nV8dYKkBmK, and read the thread below to see how you can get started with $EUROe from today!— EUROe (@EUROemoney) February 2, 2023 United States-based Circle Inc. released its own euro-backed stablecoin in June, but its Euro Coin (EUROC) was…

Many projects have used NFTs to support a noble cause, from women empowerment to nature conservation and more. The latest entrant to this ‘NFTs for social good’ space is PIXXTASY. Essentially, the charity project is utilising NFTs and blockchain technology to fight drug addiction and facilitate rehabilitation. Let’s take a closer look at the PIXXTASY NFT project and how it works. PIXXTASY uses the tagline “Don’t use. Just own it.” What is PIXXTASY? PIXXTASY is an NFT project focusing on supporting anti-drug charities. The artwork of the NFTs takes inspiration from real-world drugs. Often, real drugs’ shapes are influenced by…