Tag: NFT

Binance to delist Bitcoin NFT collections

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Binance’s NFT marketplace will end all support for Bitcoin NFTs from this month amid declining market trends.  Starting April 18, Binance NFT will not accept trades or deposits for Bitcoin-based NFT collections. The platform has issued guidance for its users, urging them to transfer their Bitcoin NFTs out of the marketplace using the Bitcoin network by May 18.  Binance will also automatically cancel all orders for listings affected on the mentioned date. The marketplace also stated that after April 10, it will halt support for additional airdrops, perks, or features…

Binance NFT to Halt Bitcoin NFT Activities, Focus Shifts Away From BTC-Based Collectibles

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In a recent announcement by Binance on April 4, 2024, the firm disclosed its decision to halt support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its NFT marketplace. The directive from Binance calls for users of its NFT marketplace to withdraw their Ordinal inscriptions by May 18, 2024. Binance NFT Marketplace to End Ordinal […] Original

Activity Is Beginning to Accelerate in the Bitcoin NFT Space: Franklin Templeton

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Fake NFT Project Hack? CTO Vanishes After Stealing 94 SOL

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A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month. The project’s CTO announced that a response was in the works but ultimately vanished as criticism grew. Nuddies NFT, A Hack Or Rug Pull? On-chain sleuth ZachXBT revealed the alleged misuse of funds by the CTO of NFT project Nuddies NFT.  In a now-deleted post, its CTO Kyle explained that the project was “derugged from its previous founder” and built differently from other NFT…

NFT sales rally 28% with Bitcoin dominating the scene

After recording consecutive declines over the past week, non-fungible token (NFT) sales have gained momentum again, registering impressive gains.  According to data provided by CryptoSlam, the global NFT sales volume surged by 28.1% in the past 24 hours and is currently hovering at $38.2 million. The total number of NFT transactions also increased by 26.2%, reaching 249,125. However, the NFT wash volume declined by 15.2%, currently sitting at $10.6 million, per CryptoSlam. Bitcoin is leading the scene with a 44% increase in its daily NFT trading volume, hovering around $15.9…

Electric Capital to address cross-chain cnalytical data challenges with new NFT venture

Electric Capital, a web3 venture capital firm, is delving into the analytical aspect of the NFT market to address two unresolved issues. In an X thread on Mar. 22, Electric Capital founder Avichal Garg unveiled a new analytical platform designed to address the scarcity of cross-chain data and transparency within the turnover of digital collectibles. 1/ Announcing NFT Pulse!https://t.co/rcIdebM3Q2 At @ElectricCapital we kept asking NFT questions but had 2 problems:A. data sources were susB. data was not cross chain We built a v1 on @AlliumLabs data & are opening the…

IRCTC India pioneers NFT tickets for the vibrant Holi festival trains

For the Hindu festival of Holi, the Indian Railway Catering and Tourism Corporation (IRCTC) has introduced nonfungible tokens (NFTs) as tickets.  These NFTs will be issued to passengers on the newly launched semi-high-speed Tejas Express trains 82501 and 82502 traveling to Delhi from March 20th to April 2nd. This initiative aims to offer travelers a unique experience by integrating the traditional aspects of the festival with modern digital technology. In the spirit of Holi, IRCTC unveils a vibrant tapestry of NFT tickets for the Lucknow-New Delhi-Lucknow IRCTC Tejas trains (82501/82502),…