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.
Cryptocurrency exchange Binance plans to continue supporting its Binance USD (BUSD) stablecoin despite its issuer, Paxos Trust Company, facing a stop order from American regulators.As reported by Cointelegraph, the New York Department of Financial Services (NYDFS) has ordered blockchain firm Paxos to cease issuing dollar-pegged stablecoin BUSD. Paxos has also received a wells notice from the United States Securities and Exchange Commission (SEC) alleging that BUSD is an unregistered security. Binance CEO Changpeng “CZ” Zhao has moved to assure users that funds are safe despite the intended enforcement action. In a Twitter thread on Feb. 13, Zhao noted Paxos is…
The launch of Bitcoin nonfungible tokens (NFTs) — known as Ordinals — has tipped the number of non-zero Bitcoin addresses to a new all-time high of 44 million, according to crypto analytics platform Glassnode.In a Feb. 13 report from Glassnode, the firm explained that for the first time in Bitcoin’s 14-year history, a portion of network activity is being used for purposes other than peer-to-peer monetary Bitcoin (BTC) transfers:“This is a new and unique moment in Bitcoin history, where an innovation is generating network activity without a classical transfer of coin volume for monetary purposes.”Glassnode explained that the Ordinals surge…
Paxos Trust Company-issued stablecoin Binance USD (BUSD) being in the sights of United States regulators sparked various reactions from the crypto community.On Feb. 13, the United States Securities and Exchange Commission (SEC) issued a wells notice to Paxos, alleging that BUSD is unregistered security. On the same day, the New York Department of Financial Services (NYDFS) ordered Paxos to halt the issuance of BUSD. As Paxos faces regulatory scrutiny on several fronts, various members of the crypto community took to Twitter to give their takes on the situation. From disregarding the issue as “FUD” to calling it an attack against…
NFT The Los Angeles County Museum of Art (LACMA) is the latest major art museum to add NFT artwork to its collection, announcing today that it has acquired a series of notable and valuable NFT pieces through donations from notable collectors. LACMA accepted a donation of 22 tokenized digital artwork pieces from the pseudonymous Cozomo de’ Medici, a well-known Crypto Twitter personality. The collection includes CryptoPunks NFT #3831, which was last sold for $2.1 million worth of ETH in 2021. It also features NFTs from Art Blocks, a popular platform that features artwork generated by algorithms deployed on a blockchain…
NFT Despite pushback from Bitcoin purists, Ordinals—the NFT-like project on the Bitcoin blockchain—shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data from Dune. Launched last month, Ordinals is the latest project aiming to bring NFTs into the Bitcoin ecosystem. Counterparty, launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch of Stacks. What distinguishes Ordinals from earlier projects is that the digital assets are…
The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as part of the first of its newly-launched financial infrastructure transformation (FIT) program. In a recent announcement, the CBUAE introduced the FIT program and highlighted its aim to support the country’s financial services sector. The central bank highlighted that the program would promote digital transactions and enable the UAE’s competitiveness as a financial and digital payment hub. The first stage of the FIT program includes the issuance of a CBDC. According to the central bank, the issuance of…
NFT Donald Trump’s NFT trading cards grabbed ample attention when launching in December, then fell flat once January rolled around. But as the disgraced former United States president plans another run for office and a potential return to social media platforms, his collectibles are once again surging in price and trading activity. Trump’s digital trading card NFTs minted on Polygon, an Ethereum scaling network, hit a new all-time high floor price of $1,000 on Sunday, per data from NFT Price Floor. The “floor” is the lowest price that an NFT from a particular project is listed for on a marketplace.…
For readers looking for unique, meaningful gifts for their valentine this Valentine’s Day, consider giving a cryptocurrency-related gift. Here are nine options:A cryptocurrency gift card Give your significant other the gift of choice by giving them a cryptocurrency gift card. They can use it to buy food or any digital asset they want, whether that’s Bitcoin (BTC), Ether (ETH) or a stablecoin like USD Coin (USDC).Virtual real estateReaders can buy virtual real estate in the metaverse, such as in Decentraland or The Sandbox, as a unique, romantic gift. Their significant other can build and customize their own virtual world, and couples can…
NFT One of the co-founders behind the controversial @NFT Instagram account is back at it again, looking for investors to pump millions into his latest crypto venture. A year ago, the @NFT Instagram account was accused of charging $100,000 for paid posts—ads which it published without disclosure—and falsely listed investor Mark Cuban as one of its co-founders. It was also accused of promoting multiple scams and “rug pull” NFT projects. Now, one of its co-founders, Aaron Avruskin, has resurfaced with a new crypto business idea: a browser-based mobile crypto gambling game with rapper Lil Baby called “Rollies.” “Before JPEGs and…
The New York Department of Financial Services (NYDFS) has ordered blockchain company Paxos Trust to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin. The New York regulator’s actions come shortly after the United States Securities and Exchange Commission (SEC) issued a wells notice to Paxos — a letter the regulator uses to tell companies of planned enforcement action. The notice alleged that Binance USD is an unregistered security.The NYDFS has asked Paxos to stop creating more of its BUSD token. Paxos will continue to manage redemptions of the product, according to a Binance statement.The Department is monitoring Paxos closely to verify that the…
