Day: October 1, 2021

Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high

Airdrops have become the cryptocurrency ecosystem’s equivalent of stimulus checks over the past couple of years and further proof of this can be evidenced from popular protocols like Uniswap and dYdX which rewarded their early adopters with token drops that are now worth $30,000 to $2 million. The latest protocol to surprise its userbase with a wallet fattening airdrop was Axie Infinity (AXS), a blockchain-based battle game that has risen in prominence over the course of 2021 as users embrace its play-to-earn (P2E) gaming model. Data from Cointelegraph Markets Pro…

Italian Luxury Fashion House Dolce & Gabbana Sells NFT Collection for $5.7 Million – Blockchain Bitcoin News

On September 30, the Italian luxury fashion house Dolce & Gabbana sold an NFT collection for $5.7 million or 1,885 ether. The designers’ Collezione Genesi collection was sold via the platform UNXD, a Polygon network-powered marketplace. Dolce and Gabbana’s Collezione Genesi Rakes in 1,885 Ether Dolce and Gabbana’s first-ever non-fungible-token (NFT) drop, Collezione Genesi raked in a whopping 1,885 ether or $5.7 million, using ethereum (ETH) exchange rates at the time of sale on Thursday. Two notable NFTs brought in the most funds, “The Doge Crown” and “The Glass Suit.”…

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Cryptocurrencies Rally as Short Sellers Exit Positions — CoinDesk

Ether, the world’s second-largest cryptocurrency by market capitalization, returned to above $3,000, and is up about 9% over the past week. Similar to bitcoin’s rise, ether’s uptrend is stabilizing as buyers gained momentum over the past few days. The next level of resistance for ETH is seen at around the $3,500-$4,000 range, which could limit upside over the short term. Source

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OMG eyes a new all-time high after unveiling its ‘Boba Network’ layer-2 solution

In September the frenzy that propelled the nonfungible token (NFT) sector quieted down but a burst of fresh energy emerged as the layer-two sector heated after the successful launch of Ethereum (ETH) scaling solutions like Arbitrum and Optimism.  Another project that has benefited from the sector’s transition to layer-1 and layer-2 alternatives is OMG Network (OMG), a non-custodial layer-two protocol that utilizes an optimistic rollup scaling solution to improve Ethereum scalability. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $8.42 on July 20, the…

Highly Liquid MARS4 Dollars and Revenue Generating Mars Terrain NFTs – Sponsored Bitcoin News

sponsored The red planet is a mystery to man and his obsession with it has created many legends and myths over the centuries. As the US’s Perseverance rover lands on Mars and drills its first Martian rock core for NASA, interest in Mars is at an all-time high, and pioneers are dying to stake their claim on the Red Planet’s soils. A meaningful approach for the visionary is to speculate on Mars’s value. You can do this by participating in the Mars4 non-fungible token (NFT) and land plot sale running…

Brazil’s Central Bank Says Local B3 Stock Exchange Could Be Oracle of Its CBDC

Brazil’s B3 stock exchange could serve as the information oracle for the smart contract system of a digital real (CBDC), according to the Central Bank of Brazil (CBC). Mardilson Queiroz, part of the CBC’s department of financial system regulation, said that B3 could act as one of the system’s “oracles”, creating a bridge between external data and a digital real, Cointelegraph Brazil reported on Friday. During the event, held on Thursday, Luís Kondic, director of listed products and data at B3, said that it is too early to evaluate the…

Third-Largest Bank in France Societe Generale Proposes Use of Defi Protocol Makerdao – Defi Bitcoin News

French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept. Societe Generale Proposes Leveraging Makerdao and DAI Stablecoins to Refinance Bond Token The international bank Societe Generale’s digital currency division has submitted a proposal on Makerdao’s governance forums (MIP6 application) and the bank wants to refinance a bond token. The “covered…

Gary Vaynerchuk Doodle Outsells Warhol, Pollock, Neel and More at Christie’s Auction

Media mogul and erstwhile wine blogger Gary Vaynerchuk sold a doodle of an elephant at Christie’s today for $412,500. “Empathetic Elephant,” which outsold works by Andy Warhol, Jackson Pollock, Alice Neel, Wayne Thiebaud, George Condo and more, was part of the basis for Vaynerchuk’s VeeFriends NFT collection – a set of tokens tied to animal-themed collectibles on the Ethereum blockchain. Also included in today’s “Post-War to Present” auction were Vaynerchuk’s physical drawings of “Gratitude Gorilla,” “’Diamond Hands’ Hen,” “’You’re Gonna Die’ Fly” and “Tremendous Tiger.” Although these drawings marked the…