Author: Jeremy Ryan
Jeremy Ryan
Jeremy Ryan is Founder and CEO of NFT Demon Holdings LLC. After becoming the largest NFT artist on BNB Chain pretty much overnight with no resources he became an entrenched figure in the industry. As years went on he expanded to AI and quantum computing but has kept his roots in crypto. NFT Demon Holdings LLC is the premier consulting firm in blockchain, AI, and quantum computing amongst celebrities, Fortune 500 companies, and quantum computing. Jeremy oversees a role in all operations.
Cumulative nonfungible token (NFT) trading volume trended higher in January, and data from a recent Delphi Digital report showed monthly volumes reaching an eight-month high above $1 billion.The key factor that influenced NFT trading was the Blur token airdrop on Feb. 14. Since its launch last year in Q3 2022, Blur has rewarded users with “care packages,” which can be redeemed for tokens starting Feb. 14 at 12 pm ET. Many users have tried to farm these airdrops, increasing the platform’s trading volume. Since the start of 2023, Blur’s trading volume has surpassed that of OpenSea, the market leader in…
Paxos Trust Company says it “categorically disagrees” with the United States securities regulator that has described Binance USD (BUSD) as a security. In the Feb. 13 statement, the BUSD issuer confirmed recent reports that it had received a Wells notice from the United States Securities and Exchange Commission over BUSD and its alleged failure to register the offering under federal securities laws.END/ Paxos remains dedicated to the development of stablecoins, tokenization & #blockchain technology. We’ll continue serving the world’s most respected and established companies to create a more open financial system.— Paxos (@PaxosGlobal) February 13, 2023 “Paxos categorically disagrees with the…
This week on The Market Report, the resident experts at Cointelegraph discuss why the United States Securities and Exchange Commission is going after crypto staking and why stablecoins have been in the news recently.We start off this week’s show with the latest news in the markets:SEC lawsuit against Paxos over BUSD baffles crypto communityOn Feb. 13, the SEC issued a Wells Notice to Paxos Trust Company, which issues the Binance USD (BUSD) stablecoin, alleging that the stablecoin is an unregistered security. On the same day, the New York Department of Financial Services ordered Paxos to halt the issuance of BUSD. This led to…
New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD.According to a Feb. 13 Bloomberg report, Circle alerted NYDFS in an autumn 2022 complaint that Binance’s reserves were insufficient to support its tokens, seemingly including stablecoin Binance USD (BUSD). A person familiar with the matter reportedly said Circle’s team had uncovered the information through blockchain data.Circle’s actions came prior to the United States Securities and Exchange Commission’s plans to file a lawsuit against Paxos, claiming that BUSD was an unregistered security. NYDFS announced its…
Blockchain An Overview of Layer 2 Roll-ups Optimistic and ZK-rollups: Fraud Proofs vs Validity Proofs The ZK-Rollup Space The Hurdles To Overcome Decentralization Plans The Future An Overview of Layer 2 Roll-ups Over the past few years, Layer 2 (L2) rollup solutions have come to the forefront as activity on the Ethereum network has grown. Activity and engagement with non-fungible tokens (NFTs) and Decentralized Finance (DeFi) has caused a surge in Layer 1 (L1) blockchain activity. In turn, the demand for blockspace, represented by gas costs, has increased. And the time for transaction finality has risen due to the increased…
It feels like it’s been some time since the last land sale for The Sandbox. But now they’re back, with the first new lands available in 2023! And though the ecosystem for The Sandbox is still in its infancy, land plots are steadily becoming more valuable as the space grows. It won’t be too long before all of the land plots are sold out completely! This ‘Voxel Madness’ land sale follows Sandbox’s new raffle system. Players must have an account with a verified identity (KYC). Then, to enter the raffle, the account must hold 1,011 SAND tokens in their connected…
The WWF Deutschland and Savespecies have joined forces to launch “SaveYour.World,” an innovative metaverse platform that uses the power of Polygon to deal with the growing problem of plastic waste in the oceans. Through the “play to donate” concept with Trash NFTs, the WWF Deutschland is hoping to create a new way to raise awareness about the ocean’s plastic pollution problem. It is estimated that 8 million metric tons of plastic enter the ocean each year, and by 2025, the amount of plastic entering the ocean will double. SaveYour.World offers an immersive experience that combines online and offline action with tangible…
Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties. While the sum of fines could hardly get an entity like Kraken off balance, the future of staking concerns the crypto market. The court agreement attracted the ire of not only the general crypto community but of investors, politicians and industry executives, with Cinneamhain Ventures partner Adam Cochran calling SEC Chair Gary Gensler “an agent of an anti-crypto agenda” rather than a…
Blockchain Few pieces of blockchain infrastructure have proven to be both more necessary and more fragile than cross-chain interoperability protocols, commonly known as bridges. Whether you favor Ethereum layer-2 rollups, or an app-chain thesis such as Cosmos or Avalanche subnets, a multichain future, requires data and value to flow between chains. But so far no one has conclusively solved the engineering problems to make cross-chain communication safe, fast and cheap — to wit, estimates put the total value lost to hacks and exploits at upwards of $2 billion since 2021. The latest startup to try is Orb Labs, which announced…
NFT ticketing is revolutionizing event ticketing by providing a secure, transparent and efficient way of issuing and managing tickets. Nonfungible tokens (NFTs) are significantly harder to forge or duplicate than conventional tickets since they are stored on a blockchain. This lowers the risk of fraud and fake tickets by allowing event organizers to determine that only authentic tickets are used to enter an event.NFT ticketing also enables greater customization and adaptability in terms of ticketing. For instance, event planners may issue NFTs for various event sections, such as VIP or general admission tickets. They can also provide details like seat…
