Day: August 18, 2023

NFT marketplace OpenSea to disable royalty enforcement tool

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Nonfungible token (NFT) marketplace OpenSea is sunsetting its on-chain royalty enforcement tool — Operator Filter — that allows creators to blacklist NFT marketplaces that don’t enforce royalties. The change is set to take effect on Aug. 31, according to an Aug. 17 statement by OpenSea founder and CEO Devin Finzer. The Operator Filter feature was first introduced in November 2022 and was described as a “simple code snippet” that could restrict NFT sales to only marketplaces that enforced creator fees. Starting Aug 31, we’ll:– Sunset the OpenSea Operator Filter– Move…

Bitcoin Price Nosedives and Turns Attractive To Sellers On Recovery

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Bitcoin price tumbled below the $28,400 support. BTC tested $24,800 and is currently attempting a recovery wave toward $27,000. Bitcoin is down over 6% and trading below the $27,000 support zone. The price is trading below $26,800 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance near $27,500 and $28,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down and trade below the $25,800 support. Bitcoin Price Breaks Support Bitcoin price started a…

Why did Bitcoin drop? Analysts point to 5 potential reasons

Elon Musk’s SpaceX reportedly selling its Bitcoin (BTC) holdings, the bankruptcy of a Chinese property giant and fears of interest rate hikes have been among the theories raised as to Bitcoin’s freak price dip. On Aug. 18 around 9:35 pm UTC, the price of Bitcoin suddenly plummeted over 8% in a span of 10 minutes, taking with it the wider cryptocurrency market, leaving many in the crypto community scratching their heads. the fuck was that? pic.twitter.com/Lh2zGXv29n — Molly White (@molly0xFFF) August 17, 2023 While there appears to be no consensus…

Price Suffers 26% Plunge Amid Airdrop Claim Expansion

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Sei, a specialized trading network within the Cosmos ecosystem, has recently recorded a significant downward trend.  Notably, on a day rife with anticipation, the price of Sei plunged by more than 20%, plummeting from its initial spike above $0.28 to somewhere below $0.18. This decline coincided with the Sei Foundation’s decision to open airdrop claims, arguing free tokens are often distributed to early participants or testers of a new crypto project. Airdrop Details And The Impact On Sei’s Price The crypto community has since waited with bated breath for the…

Blockchain Gaming Integration Begins: Grand Theft Auto Creator Take-Two Takes The Helm

According to a recent report by the gaming news outlet Game Is Hard, Take-Two Interactive Software, the renowned publisher of the popular video game franchise “Grand Theft Auto,” has made a significant foray into the blockchain gaming industry.  The company recently unveiled its blockchain-based game, “Sugartown,” built on Ethereum. This move by Take-Two is viewed as a notable endorsement of the potential of blockchain gaming, which has long been anticipated to drive mainstream adoption of cryptocurrencies.  The Blockbuster Meets Blockchain Take-Two’s decision to embrace blockchain gaming represents a significant step…

Stellar unveils open-source global payment service

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Stellar launched the Stellar Disbursement Platform (SDP) — an open-source global payment service. In its Aug. 16 announcement, Stellar explained that SDP can help with tasks ranging “from paying gig workers anywhere in the world to delivering digital aid’.” The tweet promises that the tool allows anyone to pay with cryptocurrency globally and that the solution is specialized in bulk disbursement. 1/ Today, we’re excited to share the open-source release of the Stellar Disbursement Platform. From…

Garlinghouse asserts XRP’s position amid SEC legal tangle

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple defends XRP‘s status after the SEC’s interlocutory appeal, highlighting a pivotal July 13 ruling and asserting their regulatory stance. The legal battle between Ripple and the US Securities and Exchange Commission (SEC) intensifies, with the latest developments stemming from the regulator’s recent interlocutory appeal request. On July 13, Ripple achieved partial success in a summary decision. However, unsatisfied with the verdict, the SEC is now seeking an interlocutory appeal. This type of appeal challenges a…

LUNC Sheds 13% Of Its Value

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Terra Luna Classic (LUNC) finds itself grappling with a significant setback as its price takes a sharp dive. Within the span of just 24 hours, the coin experienced a 13% decline in value.  The swift sell-off, which began on August 16, triggered a cascading effect that sent LUNC’s price plummeting from its recent peg of $0.00007734 to a new low of $0.00006512. While this may appear as a dramatic swing, it echoes the bearish sentiment that has persistently lingered around the coin throughout the past month. LUNC Battles To Maintain…

SEC seeks to question Terraform Labs co-founder Daniel Shin in Korea

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The United States Securities and Exchange Commission has been granted a motion to seek assistance from South Korea to question Terraform Labs co-founder Daniel Shin — as it builds its case against the firm and co-founder Do Kwon.  On Aug. 16, District Judge Jed Rakoff granted the SEC’s July 10 motion asking if it could seek to question the Terra co-founder, along with requesting documents from the Seoul-based payments provider Chai Corporation he founded. In its July filing the SEC said it wishes to question Shin on Kwon’s role at…

Curve (CRV) To Launch On TRON Following $2 Million Investment

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Curve Finance, a decentralized liquidity pool for stableswap and stablecoin trading, has disclosed a strategic partnership that will see the decentralized exchange (DEX) launch on the TRON network.  Curve Set To Launch On Tron And BTTC Networks Decentralized Exchange, Curve Finance has solidified its position as the second largest DEX, following the announcement of its integration into the TRON network. Curve Finance’s recent alliance with the TRON network has prompted a substantial investment from TRON DAO Ventures, a venture capital firm established by the TRON network. On Thursday, August 17,…