Day: January 30, 2023

Blockchain Scaling Project Sovereign Labs Raises $7.4 Million in Seed Round

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Top 5 NFT Presents To Surprise Your Special Person

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A digital portrait of the two of you together A digital portrait of the two of you together can make for a unique and personal NFT gift. There are many artists and studios that specialize in creating digital portraits, and some may even offer the option to have the portrait animated or in 3D. You can also have the portrait framed in a virtual world or game to add a special touch. You can also find several marketplaces and platforms where you can buy and sell NFTs, and you can…

Artists Weigh In on the Battle Over NFT Creator Royalties

“No other industry was affected by piracy like music was in the early 2000s,” Guerrero said, explaining that royalty payments suffered as streaming and torrent services gained popularity. “Musicians are already fighting for royalties of any use of music independent of Web3, but some big voices in the space are saying that musicians should only be paid through actual NFT sales, and in some cases, royalties only through secondary sales.” Source artistsBattleCreatorNFTRoyaltiesweigh CryptoX Portal

Digital asset investment products see highest inflows since July 2022: Report

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On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022.  CoinShares reported that the sector’s total assets under management rose to $28 billion, a 43% increase from its November 2022 lows. The improvement in investment product volumes was evident, with $1.3 billion traded during the week, a 17% increase compared to the year-to-date average. Meanwhile, weekly volumes in the digital asset market have risen…

MATIC Retreats From 12-Week High on Monday – Market Updates Bitcoin News

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Polygon retreated from a multi-month high to start the week, as traders moved in to secure recent gains. Chainlink also moved lower, as prices were unable to break out of a key resistance level. Market sentiment in cryptocurrencies shifted today, with the global market cap trading 2.11% lower as of writing. Polygon (MATIC) Polygon (MATIC) was one of Monday’s most notable movers, with prices retreating from recent gains. MATIC/USD slipped to an intraday bottom of $1.11 to start the week, less than 24 hours after rising to a high at…

Bitcoin price pares weekend gains as another CME ‘gap’ lurks below $20K

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Bitcoin (BTC) struggled to maintain bullish momentum on Jan. 30 as the countdown to the monthly close kept the market nervous. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sees flash dip below $23,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming off its latest highs at just below $24,000 on the day. These, while Bitcoin’s best performance for nearly six months, encountered problems with staying power as the week began, with pre-Wall Street trading seeing a brief trip below $23,000. At the time of writing, Bitcoin…

UK regulator investigates charity linked to FTX

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The commission in charge of regulating registered charities in England and Wales has announced it had begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX. In a Jan. 30 announcement, the Charity Commission said it had launched the inquiry due to FTX being a “significant funder” of Effective Ventures. According to the commission, Effective Ventures reported its ties to FTX as a “serious incident” potentially affecting other assets, opening the door for the regulator to investigate its trustees. “There is no indication of wrongdoing by the…