Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot

June 3, 2024 Bitcoin.com

Bitcoin

Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty to Ordinal: Bitcoin NFTs Hit $3.82 Billion in Sales In the first week of […]

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and Scams

May 31, 2024 Bitcoin.com

bitcoin.com

A risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source of funds.” NFTs Likely to be Used in Fraud and Scams […]

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Study: 60% of US Crypto Investors Don’t Understand Blockchain

May 25, 2024 Bitcoin.com

According to a recent survey by Preply, as many as three in five, or 60%, of U.S. cryptocurrency investors do not understand blockchain technology. The study found that Generation Z, despite 41% expressing interest in learning about cryptocurrency, had the smallest percentage of individuals willing to learn. The report also noted that U.S. residents who […]

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value

May 18, 2024 Bitcoin.com

<div>Dolce & Gabbana Sued Over ,000 NFTs Losing 97% Value</div>

Bitcoin

Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges the NFTs were promoted with various digital, physical, […]

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Oasys Partners With SBI Group’s SBINFT Market to Boost Crypto Gaming in Japan

May 16, 2024 Bitcoin.com

bitcoin.com

Oasys, a blockchain network focused on gaming, has partnered with SBINFT Market, an NFT platform operated by a subsidiary of the Japanese financial conglomerate SBI Group, to expand the crypto gaming sector in Japan. The collaboration will allow developers on the Oasys platform to sell NFTs through the SBINFT Market, which now supports Oasys’ Hub-Layer […]

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Faisal Al Monai: Convergence of AI and Blockchain Is a Solution to Data Integrity Issues in AI Model Training

May 2, 2024 Bitcoin.com

artificial intelligence

The Middle East and North Africa (MENA) lead the world in the adoption of blockchain and cryptocurrencies because governments in the region actively promote digital transformation in their strategic future visions, according to Faisal Al Monai, chairman and co-founder of Droppgroup. This commitment by governments in the region “creates a favourable environment for the growth […]

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Animoca Brands Joins Forces With Opal Foundation to Build Expansive Web3 Ecosystem on Bitcoin

May 1, 2024 Bitcoin.com

Animoca Brands

Animoca Brands, a Hong Kong-based game software company, has announced its partnership with the Opal Foundation to enter the Bitcoin ecosystem, leveraging the Opal Protocol to develop the largest Web3 ecosystem encompassing gaming, Defi, entertainment, education, and culture. The initiative, backed by the BLIF token and propelled by the recent introduction of NFTs via ordinals […]

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’

April 29, 2024 Bitcoin.com

bitcoin.com

According to Greg Solano, co-founder of Yuga Labs, the Web3 platform has laid off additional workers partly because it had “lost its way.” Solano also encouraged employees uninterested in the next phase to consider accepting the same severance package offered to those affected by the layoffs. Convoluted Corporate Processes Yuga Labs, the Web3 platform behind […]

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Yuga Labs Co-Founder Says Company ‘Lost Its Way,’ Announces Layoffs in Bid To Create New Cryptonative Team

April 28, 2024 The Daily Hodl

BAYC

Yuga Labs co-founder Greg Solano says the company behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) is trimming down its workforce. In a message to employees shared on the social media platform X, Solano says Yuga Labs will have to lay off some of its employees amid plans to make changes in the […]

The post Yuga Labs Co-Founder Says Company ‘Lost Its Way,’ Announces Layoffs in Bid To Create New Cryptonative Team appeared first on The Daily Hodl.

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Yuga Labs announces restructuring in push towards ‘Otherside’ metaverse development

April 27, 2024 The Crypto Briefing

Bored Ape Yacht Club

Yuga Labs, the team behind Bored Ape Yacht Club, is restructuring to focus its efforts on building the 'Otherside' metaverse.

The post Yuga Labs announces restructuring in push towards ‘Otherside’ metaverse development appeared first on Crypto Briefing.

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