Author: Jeremy Ryan

NFT During this past week, SHIB has become one of the most trending cryptos. SHIBOSHIS, the collection of Shiba Inu generated NFTs, is considered to be a significant reason for SHIB’s boom in popularity. One such Shiba Inu NFT, THE SHIBOSHIS #5803, has become the grand prize for the STRMNFT Battle Royale, a 7-day tournament starting from March 2. THE SHIBOSHIS #5803 is a blue-chip NFT that will be given to the victor of this tournament. The spokesperson of STRMNFT, an NFT marketplace where users can mint and trade their digital art, mentioned that the tournament will comprise 1,000 entry…

NFT The rise of Non-Fungible Tokens (NFTs) has created a new frontier for brands looking to engage with consumers in a more meaningful way. However, as more and more brands enter the space, many are discovering that what they have committed to actually requires methodical, continuous effort and engagement that escalates with each milestone. Basically, brands are finding themselves in a type of ‘engagement Ponzi scheme’ that their marketing teams are not equipped to handle. Here’s why. The challenge stems from two things: Many users ask for “utility” from NFTs, but what they actually mean is “entertainment” (which is a…

Worldwide Webb is starting to take off, and now has the funding to expand.Worldwide Webb is making waves in the Web3 gaming industry. The MMORPG game is gathering serious momentum after announcing a 10M funding round led by Pantera Capital. The Ethereum-based game is unique in its approach, and allows you to explore its world with your own NFT avatar. Indeed, the browser-based PC game has an old-school, Super Nintendo look, but Worldwide Webb is promising to innovate the Web3 space. The game announced on its Twitter: “We plan to invest heavily in recruitment, so that we can build a world-class team…

Cryptocurrency exchange CoinEx has been sued by New York Attorney General Letitia James, who alleges the firm falsely represented itself as an exchange by failing to register as a securities and commodities broker-dealer in the state.A 38-page petition filed by James in the New York Supreme Court on Feb. 22 alleged CoinEx “engaged in repeated and persistent fraudulent practices” and violated the state’s Martin Act — considered one of the most strict anti-fraud and securities regulation laws in the United States.She also asserted CoinEx listed various tokens that qualified as “both commodities and securities,” naming Amp (AMP), LBRY Credits (LBC),…

A United States District Court judge for the Southern District of New York ruled that emojis like the rocket ship, stock chart and money bags mean “a financial return on investment, ” according to a recent court filing. In a tweet, former United States Securities and Exchange Commission (SEC) branch chief Lisa Braganca warned users of the potential legal consequence of using emojis that may indicate future gains. She tweeted:A federal court judge ruled that these emojis objectively mean “one thing: a financial return on investment.” Users of these emojis are hereby warned of the legal consequence of their use. #emojis #rocketshipemoji…

NFT Global non-fungible token (NFT) sales surged by 159% over the seven days from Feb. 17 to Feb. 23, with rising NFT marketplace Blur’s rewards appearing to continue driving most of the action across the sector. Total weekly NFT sales increased to US$772 million in the seven days from US$299 million in the previous week, according to data from NFT aggregation site CryptoSlam. The average price of the assets sold on Tuesday increased to US$566.43, more than three times higher than US$175.57 on Feb. 14. “Blur rewards are still driving most of the action across the NFT space as Season…

Blockchain Oracle project Pyth Network has just made the announcement that it would be integrating with Base, which is a layer-2 solution on Ethereum that Coinbase has just made the announcement about. Pyth Network is looking forward to the opportunity to serve the DeFi community on the layer 2 Base as part of the integration framework and to contribute to the development of the huge layer-2 ecosystem. About 200 Pyth grade pricing feeds are now available to be accessed by developers on the Basic Testnet network. The Wormhole bridge is used to accomplish the integration of Pyth Network with Base.…

NFT NFT News: Blur recently made the decision to remove third-party flags from the UI by default. It is discovered that flags actually do more harm than good to end users. However, Flags can still be enabled in the View Settings section of the collection page if desired. No matter whether they are enabled in the View Settings or not, flagged items cannot still be sold into bids on Blur. Whale deposits massive tokens to Blur marketplace A blockchain analysis company called Lookonchain claims that Taiwanese singer and notorious ICO issuer Jeffrey Huang’s machilittlebrother.eth address has purchased a significant amount…

The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon.The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev and Sergey Maslakov — have been formally accused of having key roles in the scheme that raised approximately $340 million from victim-investors, according to a Feb. 22 Department of Justice (DOJ) statement.“Today’s indictment is the result of a rigorous investigation that spent months piecing together the systematic theft of hundreds of millions of dollars,” said U.S. Attorney Natalie Wight for the District of Oregon, adding: “Bringing charges…

Blockchain The Ethereum community appears to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network. Secured on Ethereum and powered by layer-2 network Optimism, Base aims to eventually become a network for building decentralized applications (DApps) on the blockchain. The layer-2 network is currently in its testnet phase, according to Coinbase CEO Brian Armstrong. 0/ Hello world. Meet Base, an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. Our goal with Base…