Tag: NFT

SEC secretly investigated NFT developer Dapper Labs in 2023

The SEC secretly investigated Dapper Labs in September but closed the case in December 2023. The document, acquired by Fortune and referred to as a “Case Closing Report,” was signed off by David Hirsch, head of the SEC’s Crypto Asset and Cyber Unit, on Sep. 29, 2023. The report did not detail the reasons for the SEC’s inquiry into Dapper Labs, its initiation date, or the factors leading to the investigation’s termination. Dapper Labs is behind high-profile NFT projects such as NBA Top Shot and CryptoKitties. The specifics behind the SEC’s probe into…

Ark Invest’s ETF Holds Unique ‘Bitcoin Puppet’ NFT Worth Over $27,000

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According to onchain metrics, Ark Invest’s holdings in its spot bitcoin exchange-traded fund (ETF) include several inscriptions, among them an Ordinal inscription from the “Bitcoin Puppet” digital collectible series, valued at $27,900. Similarly, Blackrock’s IBIT possesses an Ordinal inscription from the “Speculum Aeternum” non-fungible token (NFT) collection. Spot Bitcoin ETFs Are Holding Unique NFT Inscriptions […] Original

Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support

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Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem.  The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes, the growth of Bitcoin Layer 2 (L2s) solutions, and the expansion of decentralized finance (DeFi) applications built on the Bitcoin network. Bitcoin Ordinals Shine According to the Bitcoin ETF issuer’s report, activity in the Bitcoin…

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…