Month: February 2022

OpenSea monthly volumes top $5B as NFTs continue to mainstream

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In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX, and Mutant Ape Yacht Club have seen significant increases in floor prices and total sales volume. Over the last 7 days alone, all four projects have generated an estimated $365.9 million in value according to data from OpenSea.  While the crypto market is steadily recovering from its lengthy bloodbath, NFT marketplaces like LooksRare and OpenSea have consistently generated about $100 million in daily total volume. LooksRare vs. OpenSea daily volume. Source: Dune Analytics It seems that crypto Twitter is…

Gamestop partners with Immutable X for NFT marketplace, announces $100M grant for creators

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On Thursday, iconic brick-and-mortar video game retailer GameStop announced a partnership with layer-2 nonfungible tokens, or NFTs, Ethereum (ETH) scaling solution Immutable X to develop GameStop’s upcoming NFT marketplace. GameStop will utilize Immutable’s technology for trading and minting NFTs. We’re thrilled to announce that @Immutable is taking another leap forward in the gaming & blockchain industry by partnering w/ @GameStop to power their NFT Marketplace: https://t.co/Tase31CBt3 Continue for more… pic.twitter.com/8v6Titg3kq — Immutable | $IMX (@Immutable) February 3, 2022 Immutable developers claim that the new NFT marketplace will be 100% carbon…

Gamestop Partnership Sends IMX 35% Higher – Market Updates Bitcoin News

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Immutable X avoided Thursday’s red wave, and was one of this week’s biggest crypto gainers, following news of a partnership with Gamestop. IMX climbed by over 35% today, with QNT also extending recent gains. As of writing, crypto markets were almost 4% lower. Biggest gainers Despite the bearish pressure on crypto markets this Thursday, there were a few big movers during the course of today’s trading session. Quant was once again higher, climbing by as much as 14% early in the session, however it was immutable x which stole today’s…

ACTU CRYPTO MONNAIES 21/11/2021. MAUVAISES NOUVELLES POUR ETHEREUM ? CREATION DE BITCOIN CITY!

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Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund – Blockchain Bitcoin News

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Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established a $100 million fund dedicated to NFT creator grants. Gamestop Partners With Immutable X Gamestop has finally revealed its blockchain partner on February 3, 2022, after the company hinted about the creation of a Gamestop NFT marketplace built on top of Ethereum. Gamestop’s…

US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200. According to a Tuesday draft of the Virtual Currency Tax Fairness Act of 2022, Washington Representative Suzan DelBene is seeking to amend the Internal Revenue Code of 1986 to exclude gains from certain personal transactions of virtual currency. If signed into law, the bill could stop the Internal Revenue Service, or IRS, from requiring U.S. filers to pay taxes on capital gains from crypto transactions of $200 or more.…

Best Crypto Wallet Apps in 2022

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Having a mobile application is almost essential for any crypto service. This includes crypto wallets which need to be handy in order to make transactions with crypto more convenient and accessible. Users value having a handy app but they also pay attention to security features in order to keep their crypto assets safe from being lost or stolen. In this article, we will take a look at reputable crypto wallet services that offer mobile applications. All of these services have mostly positive user feedback and robust interface but differ in…

The 5 Big Risk Vectors of DeFi

A unique aspect of DeFi, decentralized governance proposals control the behavior of a DeFi protocol and, quite often, are the cause of changes in its liquidity composition in affecting investors. For instance, governance proposals that alter weights in AMM pools or collateralization ratios in lending protocols typically help liquidity flow in or out of the protocol. A more concerning aspect of DeFi governance from the risk perspective is the increasing centralization of the governance structure of many DeFi protocols. Source

The Five Big Risk Vectors of DeFi

A unique aspect of DeFi,  decentralized governance proposals control the behavior of a DeFi protocol and, quite often, are the cause of changes in its liquidity composition in affecting investors. For instance, governance proposals that alter weights in AMM pools or collateralization ratios in lending protocols typically help liquidity flow in or out of the protocol. A more concerning aspect of DeFi governance from the risk perspective is the increasing centralization of the governance structure of many DeFi protocols. Source

El Salvador Chivo Bitcoin Wallet Relaunch To Serve 4 Million Users

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El Salvador, a country that has become infamous for being the first sovereign nation to accept bitcoin as a legal tender, continues its journey through uncharted waters. To make this move a reality, the country had launched its own government-approved bitcoin wallet, Chivo for carrying out crypto transactions in the country. Encouraging residents to accept the wallet by offering a $30 bonus on sign-up. “Bitcoin Day” has since come and gone since then and El Salvadoran citizens are settling into using the cryptocurrency as a legal tender alongside the US…