Day: July 25, 2022

GameStop ‘Falling Man’ NFT saga shows people’s power at its finest

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A recent nonfungible token (NFT) listing on GameStop’s marketplace became the center of controversy in the NFT world. The listing received heavy backlash from the community, which prompted the marketplace to take action within a day, showing how a community can come together to reverse the wrong. The NFT in question, titled “Falling Man,” showed a man in a space suit falling downwards. The NFT in question had quite a resemblance to the infamous 9/11 photo of a man falling to his death that has since s become a defining…

Square Enix partners with Enjin to launch Final Fantasy VII collectibles

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Game development giant Square Enix partnered with nonfungible token (NFT) platform Enjin (ENJ) to launch a digital and physical collection featuring Final Fantasy VII, a highly popular video game series.  In an announcement, Enjin said that to get the NFTs, fans must pre-order Final Fantasy VII’s 25th-anniversary products at Square Enix’s store. The products will include a code to the digital collectible counterpart, which can be redeemed on the NFT platform Efinity network in 2023.  According to Enjin chief technology Witek Radomski, the partnership will have a good effect on…

Founders Of Three Arrows Speak Out On Why They Hid Amidst The Platform’s Failure

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After five weeks in hiding, the humiliated founders of Three Arrows Capital spoke openly about the tragic demise of their once-flying hedge fund. They claimed to have received threats to their lives, which is why they remained unnoticed. Su Zhu and Kyle Davies, both 35 years old, claimed on Friday that Three Arrows’ margin calls on loans that should never have been made due to their disastrous crypto venture are now descending, according to Bloomberg. Zhu and Davies attribute Three Arrows’ unexpected demise to their overly optimistic assumptions, with Zhu…

ETHEREUM(ETH) to the MOON? THIS is the BOTTOM! Realistic Price Prediction and Technical Analysis!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I will provide technical analysis and price prediction for ETHEREUM(ETH) in USDT/BTC(2022). SO ETH is ready to move up again! and make a new higher higher higher low pattern. If you are a new investor in this coin then I think you should be patient for just few days and of course check the major resistance/support levels. But it is always your choice and of course you always should do your own research. I hope you guys are having…

Ken Moelis’ Investment Bank Creates Group to Focus on Blockchain Deals: Report

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TRON Bulls Are Back To Pump Some Energy Into TRX Coin

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TRON trading volume has shed a trickle at around 3%. There has been an uptrend movement seen before it recently declined. While the TRON bulls are desperately trying to hold on and support the price, the bears have been doing the heavy lifting so TRX needs to work double and get more buyers to boost the price. The bulls did an excellent job pushing the price of the TRX/BTC pair from a lower low that registered at $0.06613 to $0.06715 but investors still need to time the market before they…

Introducing Crypto Commerce – How Blockchain Is Changing Commerce

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E-commerce has become an essential part of our daily lives, redefining commercial activities worldwide. Internet penetration has done wonders for the industry and contributed to its growth significantly. The global e-commerce industry was valued at $13 trillion in 2021 and is expected to reach $55.6 trillion by 2027. The Asia-Pacific nations account for more than 70% of all e-commerce activities. For example, China alone contributes $740 billion in e-commerce sales, while the United States accounts for more than $560 billion. This multi-trillion-dollar sector is now evolving to its next level,…

Moscow Exchange to Suspend JPY Trading Due to Settlement Risks

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Russia’s Moscow Exchange (MOEX) announced on Monday that it will suspend trading in Japanese yen on the currency markets, effective from August 8, 2022. It cited potential risks and difficulties in the Japanese yen  settlement  Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process…

How Attackers Stole Around $1.1M Worth of Tokens From Decentralized Music Project Audius

After Proposal #85 was put up, a transaction was executed that delegated some 10 trillion AUDIO towards the votes, thus skewing the proposal in favor of the attacker. Circulating supply was unaffected, but the proposal passed as the erroneous votes were able to trick Audius’ smart contacts. This allowed the attackers to maliciously transfer 18 million AUDIO tokens held by the Audius governance contract, referred to as the “community treasury, to a wallet of their control.” Source