Author: Jeremy Ryan

NFT The lull in NFT activity is showing signs of subsiding with weekly trading level on Ethereum last week hitting its highest level since May, according to data from The Block. The spike was driven by an increase of activity on NFT marketplace Blur, which has overtaken trading volumes on rival OpenSea, according to data from Dune. The launch of Blur’s native token, coupled with continued token incentives, have created a “powerful cocktail” that has reinvigorated NFT trading activity, according to Thomas Bialek, an analyst at The Block Research. Anticipation of upcoming airdrops may also be having an impact, as…

Blockchain Scroll released a testnet version of its Ethereum Layer 2 network on the Goerli testnet, moving the zk-EVM from a pre-alpha to an alpha testing phase. Until now, Scroll was available to try out on a testnet that was built on the project’s own clone of Ethereum. By moving from this to running on a public testnet, Scroll has taken a step forward in its path toward a full launch in the second half of this year. “We’ve been testing with mock mainnet transactions on our pre-alpha testnet but by having a more public testnet you can have more…

While FTX customers worldwide patiently await a conclusion to the FTX and Sam Bankman-Fried (SBF) litigation, users of FTX Japan have started withdrawing all of their funds.On Nov. 7, 2022, crypto exchange FTX and its subsidiaries slowed fund withdrawals after Changpeng Zhao, the CEO of Binance, announced the crypto exchange would liquidate its substantial holdings of FTX Token (FTT). The domino effect forced Liquid Group — a Japanese crypto trading platform owned by FTX since February 2022 — to halt withdrawals on Nov. 15, 2022.However, to some investors’ delight, FTX Japan resumed withdraws on Feb. 21 — which involved moving funds from…

After the success of its debut Web3 campaign, “Black Opium The Night Is Ours,” YSL Beauty returns with a new NFT drop! The new collection titled “YSL Beauty Night Masters” was created by three female artists. All of the proceeds will go to charities, and those who buy NFTs will get bonus surprises! Accordingly, the grand launch will take place on March 6th with only 100 copies per NFT, so let’s find out all about it. YSL Beauty returns to the NFT scene with the second chapter of its web3 campaign, “Black Opium The Night Is Ours.” YSL Beauty NFTs:…

Undead Blocks prepares to launch their new, daily, play and earn feature! Players with Undead Blocks weapon NFTs will be able to play a special solo, VIP mode, where they can earn gold ZBUX, the shiniest of all the ZBUX around! Called VIP Mode, and referred to by the team as “grind to earn”, Undead Blocks will soon allow players to earn Gold ZBUX while playing. Players can use these Gold ZBUX to upgrade their weapon packs, add weapons and attachments to their loadout, purchased limited edition, in-game items and Loot Coffins, or swapped for various cryptocurrencies. Players with weapons…

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.…