A New Frontier: Court Authorizes Service of Process Through NFT Airdrop

In a landmark decision highlighting the unique aspects of blockchain technology, an S.D.N.Y. Bankruptcy Judge ruled in favor of Celsius’s motion for alternative service, whereby Celsius sought to provide legal service by airdopping non-fungible tokens (NFTs) to anonymous defendants’ digital asset wallets. The following opinion editorial was written by Alex Forehand and Michael Handelsman for […] Source CryptoX Portal

NFT sales surge 94% to $178.8m, Ethereum network ranks first

Amidst Bitcoin’s new all-time high of $93,434.36, the non-fungible token (NFT) sales volume has surged by 94.1% to $178.8 million. The global cryptocurrency market capitalization has reached $3.03 trillion, marking a 4% increase over the last day. Bitcoin (BTC) has also retraced slightly, currently trading at $91,295. The last week’s NFT sales volume stood at $96.1 million. However, according to recent data from CryptoSlam, the NFT sales have nearly doubled. NFT sales volume skyrocketed to $178.8 million Ethereum (ETH) blockchain dominates with $67.5 million in sales (130% increase) Bitcoin maintains…

NFT sales rise 16.1% to $96.1m, Bitcoin dethrones Solana

Following the recent crypto market surge, the non-fungible token (NFT) sales volume has surged by 16.3% to $96.1 million. The overall crypto market has been showing strong positive momentum recently. Following Donald Trump’s victory in the U.S. presidential election, Bitcoin (BTC) reached a new all-time high of $77,252.75. As per the latest CoinMarketCap data, the global crypto market cap has risen by 3.29% at press time to $2.6 trillion. The NFT sales volume was $84.6 million last week. But according to recent data from CryptoSlam, the NFT sales have jumped…

NFT sales drop 6% to $84.6m, Solana retains top ranking

Amidst the recent crypto market price drop, the non-fungible token (NFT) sales volume has dropped by 6% to $84.6 million. Even though the crypto market showed mild signs of a positive trajectory recently, all the gains seem to have erased now. According to CoinMarketCap data, the global crypto market cap has dropped by 1.39% at press time to $2.31 trillion. The last week, the NFT sales volume stood at $89.1 million. However, according to recent data from CryptoSlam, the NFT sales volume has slumped by 6%. NFT sales volume descended…

DOJ Takes Down Rug Pull Duo Behind $400,000 NFT Debacle

A federal jury convicted a man for orchestrating an NFT rug pull scheme, pocketing nearly $400,000 through abandoned projects and cryptocurrency laundering schemes. The NFT Rug Pull That Went Too Far — Federal Jury Brings Verdict The U.S. Department of Justice (DOJ) announced Thursday that a federal jury in Tampa, Florida, found Berman Jerry Nowlin, […] Source CryptoX Portal

Infinex Raises $67.7M in Patron NFT Sale to Usher in ‘Post-CEX Era’

Decentralized finance (defi) platform Infinex has announced the completion of a $67.7 million NFT sale, backed by leading founders, foundations, funds, and communities across the blockchain ecosystem. The fundraise positions Infinex to usher in the “post-CEX (centralized exchange) era” of the crypto industry. Infinex aims to provide a secure, non-custodial alternative to traditional centralized exchanges, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

NFT sales drop to $89m, Solana overtakes Bitcoin for 2nd place

The non-fungible token sales volume over the last week has dropped by 7%, and stands at $89.1 million. The crypto market, exhibiting signs of recovery, has taken a U-turn. According to the latest data, the global crypto market cap has dropped by over 2% in the last 24 hours. In comparison to last week’s $93 million NFT sales volume, this week has witnessed a modest 7% drop in sales: NFT sales volume plunged to $89 million. The Ethereum (ETH) network retains its first ranking in terms of volume. Solana dethrones…

NFT sales surge to $93m, Ethereum network dethrones Bitcoin

Weekly non-fungible token sales volume has surged 22.5% and now stands at $93 million, per the latest data. As the crypto market shows slow signs of recovery, the NFT market enjoys an uptick in volume and other metrics. Here’s a small glimpse: NFT sales volume pumped to $93 million from last week’s $77.6 million. The Ethereum (ETH) network has dethroned the Bitcoin (BTC) network in terms of volume. NFT buyers almost doubled from last week’s 263,804 to 494,666. The number of NFT sellers also witnessed a 108% surge and stands…

NFT sales drop to $77.6m, Bitcoin network leads in weekly surge

The non-fungible token, or NFT, market has witnessed a 4.16% plunge in sales volume over the last seven days. Here’s a breakdown of the latest data from Cryptoslam: NFT sales volume dropped in the last seven days and stands at $77.6 million — lower than weekly NFT sales in the previous week. NFT buyers dropped by a considerable 66.81% to 263,804 from last week’s 794,763 NFT sellers fell to 121,399, depicting a 67.87% drop. NFT transactions were down by over 13.78% in the last seven days to 1,662,101. Bitcoin leads the…