Day: August 23, 2022

Iconic brands including Nike, Gucci have made $260M off NFT sales

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The hype surrounding nonfungible tokens (NFTs) has allowed some of the world’s most iconic brands to rake in hundreds of millions of dollars in additional revenue, underscoring the mass consumer appeal of digital collectibles.  Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales from NFTs, according to data from Dune Analytics that was first reported by NFTGators. Nike’s NFT drops have amassed $185.3 million in revenue, with volumes in secondary markets approaching $1.3 billion. Dolce & Gabbana has generated…

Litecoin (LTC) Activates Tortoise Movement, Can It Flip Daily 50 EMA?

Litecoin (LTC) has continued to range in a channel against Tether (USDT) as it attempts to break out of this trend. The price of Litecoin LTC has shown little to no major movement despite the change in trend across the market in recent weeks as many altcoins rallied and produced gains of double digits. (Data from Binance) Litecoin (LTC) Price Analysis On The Weekly Chart Weekly LTC Price Chart | Source: LTCUSDT On Tradingview.com From the chart, the price of LTC saw a weekly low of $45, which bounced from…

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Bitcoin (BTC) Flying Out of Exchanges As HODLers Lose Faith In Centralized Entities: Crypto Insights Firm

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Arcane Research says that investors are moving their Bitcoin (BTC) out of exchanges as crypto users increasingly prefer holding their own digital assets. In a new report, the crypto insights firm says that the benchmark digital asset has been flowing out of exchanges for seven of the past eight months of 2022. Source: Arcane Research According to the report, Bitcoin deposits saw an uptick in May, but BTC in exchanges plunged again in June as investors withdrew their assets after the collapse of Terra (LUNA). From a positive net flow…

As Censorship on Ethereum Begins, Could This Open-Sourced Code Help Counter It?

Micah Zoltu, the founder of Serv.eth Support, a support service specializing in Ethereum decentralized applications (dapps), led the topic of censorship on the call. In a conversation with CoinDesk, he remarked that the outcry around Flashbots’ decision to censor transactions was a wake up call for other relay providers. Now, Zoltu expects most relay providers to offer censorship-free relay options, and he thinks validators will prefer to run these non-censored relays. Source

Celsius calls out Prime Trust in court, alleging firm didn’t turn over $17M in crypto

Crypto lending platform Celsius Network has filed a lawsuit claiming that custodian Prime Trust failed to turn over roughly $17 million worth of cryptocurrency. In a Tuesday filing with the U.S. Bankruptcy Court in the Southern District of New York, Celsius’ legal team brought a complaint against Prime Trust, alleging the company did not return $17 million worth of crypto assets in June 2021 when it terminated its relationship with the lending firm. According to Celsius, Prime Trust acted as crypto custodian for New York- and Washington-based users from 2020…

Rep. Emmer demands an explanation of OFAC’s Tornado Cash sanction from Sec. Yellen

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United States Congressman Tom Emmer sent a four-page letter to Treasury Secretary Janet Yellen on Tuesday regarding the Treasury Department’s sanctioning of cryptocurrency mixer Tornado Cash on Aug. 8. In his letter, Emmer posed a series of questions that seek to clarify the position of the Treasury Department’s Office of Foreign Assets Control (OFAC). Emmer said that OFAC, acting under Executive Order 13694 to place Tornado Cash on its Specially Designated Nationals and Blocked Persons List (SDN), has for the first time extended the EO’s definition of person or individual…

Bitcoin Realized Losses Going Down, But Still At Significant Value

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Data shows the net amount of losses being realized in the Bitcoin market is going down, but nonetheless remains at a high value. Bitcoin Net Realized Profit/Loss Still Has A Pretty Negative Value As per the latest weekly report from Glassnode, the net loss realization has reduced a bit recently, but the market is not near a neutral level of selling yet. The “net realized profit/loss” is an indicator that measures the net magnitude of profits or losses being realized by all investors in the Bitcoin market. The metric works…

Crypto News Today: Cryptocurrency Market Bitcoin Crash Latest in Hindi | Bitcoin, Shiba Inu Coin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency India Latest Update: Crypto Market Crash हो रही है और Bitcoin Price लगातार गिर रहे हैं. Best Crypto Coins, Tokens (Bitcoin, Ethereum, Solana, Avalanche) की वैल्यू भी गिर गई है. India में 30% Crypto Tax और 1% TDS की वजह से Crypto Exchanges (WazirX, CoinSwitch Kuber, Coin DCX, Bit BNS, ZebPay, Unocoin) की दिक्कतें भी बढ़ गईं हैं. सभी Exchanges पर Trading Volume में भरी गिरावट आई है. एक ऐसे वक्त में जब हर तरफ से Crypto Industry पर मार पड़…