Author: Jeremy Ryan

The CEO of Custodia Bank, Caitlin Long, has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector and ignoring her warnings of major “fraud” allegedly conducted by now-bankrupted entities.In a Feb. 17 blog post titled, Shame On Washington, DC For Shooting A Messenger Who Warned of Crypto Debacle, Long tore into the government for its approach to crypto regulation, failing to protect investors and alienating good actors in the space: “Washington’s misguided crackdown will only push risks into the shadows, leaving regulators to play whack-a-mole as the risks continuously pop up in unexpected places.”Long…

NFT NFT marketplace aggregator Blur.io has surpassed Uniswap, OpenSea, and Etherum transactions as the top ETH burner over the past 24 hours. Data shared by Access Protocol CEO Mika Honkasalo from Ultrasoundmoney highlighted that over 252 ETH was burned as a result of Blur.io activity between Feb. 18 and Feb. 19. Furthermore, the two contracts identified by Ultrasoundmoney combined to a total of 310.7 ETH compared to 239.39 ETH and 177.8 ETH from Uniswap and OpenSea, respectively. Ethereum burn mechanics A base fee is paid by the sender of an ETH transaction and then burned to reduce the overall supply…

Axie takes another step forward with their land game, Axie Homeland, announcing the imminent start of alpha season 1. Lasting for thirty days, this Axie Homeland alpha also includes leaderboards with token rewards for the top players! Starting on February 22nd, at 11:30 GMT, Axie Homeland Alpha Season 1 brings the first version of AXS rewards to the game. And, since rewards are now available, everyone will see their progress reset and they must start building up their land from scratch again. Also, be prepared to have all progress erased at the end of alpha season one as well. Alpha…

NFT Nonfungible tokens (NFTs) offer a new way to sell and distribute digital art, and they have the potential to unlock new revenue streams for artists in the digital age. Here are five ways to monetize your digital art with NFTs. Fractionalized ownership This involves splitting the ownership of an artwork into smaller parts and selling them as tokens, allowing multiple investors to own a stake in the artwork. For example, an artist can create 100 tokens for a piece of art and sell them to 100 different buyers, each of whom owns a share of the artwork. Related: How…

Nishad Singh, the co-founder and former chief engineer of bankrupt crypto exchange FTX, is working on a plea deal with prosecutors, Bloomberg reported on Feb. 17. The deal, which would see the 27-year-old Singh plead guilty to charges related to FTX’s collapse, has yet to be finalized, the report said.Singh would be following in the footsteps of former FTX chief technology officer Gary Wang and former Alameda CEO Caroline Ellison, who pleaded guilty to federal fraud charges in December after reaching deals with prosecutors. Former FTX CEO Sam “SBF” Bankman-Fried has pleaded innocent to eight federal charges and is currently living…

An NFT influencer who goes by the pseudonym Cozomo de’ Medici has donated 22 Web3 artworks to the Los Angeles County Museum of Art (LACMA). The influencer made the announcement on February 14 via his official Twitter account. The artwork features creations by 13 digital artists, including Dmitri Cherniak, a generative artist, and NFT pioneers, Larva Labs.In a Twitter thread, de’ Medici notes that he hopes the donation will highlight the importance of digital art pieces, which will now get the chance to sit next to legendary works by renown artists such as Pablo Picasso, Andy Warhol, and Georgia O’Keefe.…

A complaint filed by the United States Securities and Exchange Commission said Terra co-founder Do Kwon and Terraform Labs laundered more than $100 million worth of Bitcoin from the platform following its collapse in May 2022.According to the SEC complaint filed in the U.S. District Court for the Southern District of New York on Feb. 16, Kwon and Terraform have transferred more than 10,000 Bitcoin (BTC) from the platform and the Luna Foundation Guard to a cold wallet, then to a Swiss bank account to convert to fiat. The financial regulator said that the Terra co-founder and his company might…

NFT An NFT collector by the name “Franklin” on Twitter has accidentally lost 35 ETH, worth over $59k, after a “fat finger” bid on Beanz collection. A costly fat finger Franklin, who claims to be the sixth largest collector of Bored Ape Yacht Club (BAYC), said he accidentally placed a “fat finger” offer of 35 ETH for a Beanz collection. He meant to place a much lower bid considering the floor price of the Beanz NFTs is less than 2 ETH. As you may already know, I placed a fat-finger collection offer of 35 ETH on Beanz. I meant to…

Leading French art museum, The Centre Pompidou, is set to display top NFT artwork starting this spring. The announcement was made on February 10 by the museum through its official Twitter account. The goal is to cater to the rapidly growing Web3 art space where blockchain intersects with art in the form of non-fungible tokens.Le Centre Pompidou fait l’acquisition d’un ensemble d’œuvres traitant des relations entre blockchain et création artistique, dont ses premiers NFT ! ????Ce sont 18 projets de 13 artistes français et internationaux qui entrent en collection.Plus d’infos ???? https://t.co/PXL4O2E9vh pic.twitter.com/sNI7EYtK5E— Centre Pompidou (@CentrePompidou) February 10, 2023For a…

In what is shaping up to be a battle of the NFT marketplace titans, Blur is promising to enforce full creator royalties for any creator that blocks their collection from trading on OpenSea. This announcement comes days after Blur successfully launched its token through an airdrop in which participants gained millions of BLUR tokens.Blur’s offensive move against OpenSea comes as retaliation for what the management of the protocol dubs “non-competitive practices” from the leading NFT marketplace. The bone of contention is creator royalty fees.Yesterday we made an update to our royalty policy. Here’s the blog post accompanying that – it…