Author: Jeremy Ryan

Art Blocks, a prominent generative art NFT collective, has joined forces with NFT gallery Bright Moments to launch Metropolis, a groundbreaking new project in the world of NFTs. Together with the artist Michael Kozlowski, also known as Mpkoz, the two companies have created a unique collection that combines physical and digital art.????We have exciting news… We are thrilled to announce our partnership with our friends at @brtmoments. Want to find out more? Read on:— Art Blocks (@artblocks_io) January 24, 2023The architecture of the five cities where Bright Moments galleries are located—London, Berlin, New York, Mexico City, and Los Angeles—inspired the…

According to data from Nansen, nonfungible token (NFT) whale Jeffrey Hwang — known colloquially as Machi Big Brother — dumped 1,010 tokens for a total of 11,680 Ether (ETH) or $18.6 million in the space of 48 hours. In a Feb. 25 Twitter thread, Nansen’s Simian Psychometric Enhancement Technician Andrew Thurman highlighted the trading activity over the previous two days, and noted that it’s “likely the largest NFT dump ever.”The major selling event included 90 Bored Ape Yacht Club (BAYC) NFTs, 191 Mutant Ape Yacht Club (MAYC) NFTs and 308 Otherdeed NFTs to name a few. In what’s likely the…

The United States Federal Reserve has denied a request from cryptocurrency bank Custodia Bank to reconsider its membership application to the Federal Reserve System, while a district court has allowed a lawsuit between the two parties to continue to play out.The central bank announced its membership denial on Feb. 23, noting the Federal Reserve Board previously decided that Custodia’s application “was inconsistent with the required factors under the law.”@federalreserve announces it has denied the request by Custodia Bank, Inc., for reconsideration of the Board’s decision last month on its application to be supervised by the Federal Reserve: https://t.co/ZYNUEoLeN1— Federal Reserve (@federalreserve)…

The above farming airdrop activity has been active since NFT Blur revealed new airdrop criteria, but it has caused the floor price of huge collections to collapse. According to information from several Twitter users, the wallet address of Machi Big Brother, sold a large number of NFTs on the Blur marketplace in 48 hours, producing a significant influence on the market. According to researcher Andrew T from crypto data supplier Nansen, Machi Big Brother sold up to 1,010 NFTs of various types, making 11,680 ETH ($19 million). This individual “liquidated” a substantial number of NFTs in high-value collections such as…

The executive board of the International Monetary Fund (IMF) has assessed a paper on crypto asset policy published by the fund and expressed its agreement with its proposed policy framework. The paper, titled “Elements of Effective Policies for Crypto Assets,” developed a framework of nine policy principles that addressed macrofinancial, legal and regulatory, and international coordination issues. The proposed principles were mainly quite broad, emphasizing analysis, monitoring and guarding. The paper explicitly says the proposals should be taken up by “the Directors.” The first principle did contain a concrete injunction, reading:“Safeguard monetary sovereignty and stability by strengthening monetary policy frameworks and do…

Genopets added two new mini-games to their pet-owning, walk and earn game. Called Feed and Fetch, these mini-games are used by players to keep their Genopets fed and happy, which in turn will result in better Step to Energy conversion. Earlier this year Genopets added Food and Toy items to their game. Once per day, when a player converts their Steps into Energy, they receive a random selection of 3-6 items. The Genopets team received some criticism after their initial release of these mini-games. The gameplay for both mini-games takes some getting used to. And even once you understand how…

The federal judge presiding over the case for former FTX CEO Sam “SBF” Bankman-Fried has ordered a superseding indictment unsealed containing 12 criminal counts.In the indictment filed with the United States District Court for the Southern District of New York on Feb. 22, U.S. Attorney Damian Williams alleges Bankman-Fried’s actions in the matter involving FTX and Alameda warranted 12 charges. According to the indictment, these included eight conspiracy charges related to fraud as well as four charges for wire fraud and securities fraud.The original indictment against Bankman-Fried, announced on Dec. 13, included eight similar charges, while the superseding indictment mentions an…

NFT Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days. Ethereum Digital Collectibles and Mutant Ape Yacht Club Lead NFT Sales Surge While crypto asset prices took a step back on Friday, the last seven days have shown a significant rise in NFT sales compared to the previous week. Bitcoin.com News reported last week that NFT sales had surged 43%, but in the past seven days, sales have increased…

The United States Securities and Exchange Commission (SEC) has objected to Binance.US’ move to acquire over $1 billion of assets belonging to the defunct cryptocurrency lending firm Voyager Digital.According to a Feb. 22 filing submitted to the U.S. Bankruptcy Court for the Southern District of New York, the SEC believes that some aspects of the asset restructuring plan of Binance.US’ acquisition could breach securities law.The SEC is formally investigating whether Binance.US and related debtors violated anti-fraud, registration and other provisions of the federal securities laws. The SEC noted particular concern around the security of assets through the planned acquisition.The SEC…

NFT CryptoSlam has detected at least US$577 million worth of wash traded non-fungible tokens (NFT) related to the up-and-coming marketplace, Blur.io, since the platform started airdropping its native tokens to users on Valentine’s Day, Feb. 14. According to Scott Hawkins, a data engineer at NFT data tracker CryptoSlam, the detected wash trades displayed suspicious behaviors, such as NFT resales within a short period at prices close to the assets’ initial transactions. The behavior suggests that some Blur users have been selling NFTs to themselves using different wallets to acquire Blur tokens (BLUR) and accrue points for airdrops. “There is no…