“There’s a lot of high-value items that are being inscribed or created on the bitcoin chain, and for a very, very burgeoning NFT ecosystem that it’s, it’s been super exciting to see,” Yin told CoinDesk. “And at Magic Eden, we’re working on a lot of cross-chain things anyway, and we felt like this was a really cool adjacent ecosystem for us to tackle.” Original
The top six nonfungible token (NFT) marketplaces saw a rise in wash trading for the fourth straight month, with a total volume of $580 million. According to a new report from CoinGecko, February 2023 witnessed a 126% increase from the previous month’s volume of $250 million. As for the reason for the jump, the report points to a correlation with the overall recovery of NFT marketplace trading volume, which hit $1.89 billion in February. Wash trading refers to the manipulation of trading volume or price through repeated transactions. The six marketplaces…
“That means that billions of dollars went to creators but, more importantly, an even larger number went to owners of the assets of these entities that fueled an industry that made it possible to create companies like Blur, OpenSea or Magic Eden,” he said. Source FlourishNFTProjectsRoyalties CryptoX Portal
CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal
Negative swings in the market price of Ethereum may have had a material impact on the company’s earnings and carrying value. PLBY Group (NASDAQ: PLBY) has announced that it lost about $4.9 million in the value of the Ethereum (ETH) assets it held last year. The parent company of Hugh Hefner’s Playboy confirms that the impairment loss came as a result of the crypto winter that swept through the industry and significantly impacted market prices across the board. PLBY Group Gives Analysis, Claims Impairment Losses May Not Be Recovered According…
The number of NFT traders actively trading on March 11 was only 11,440, the lowest amount reported since November 2021. This decline in traders can be attributed to fear that the implications of a central United States bank failing might have been instilled in investors, leading to the trading volumes of nonfungible tokens suffering a tremendous hit after the failure of Silicon Valley Bank last week. According to a study published on March 16 by the data aggregation platform DappRadar, trade-in nonfungible tokens (NFTs) were between $68 million and $74 million in…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase暂停兑换，周末表象的风平浪静随时可能打破！ 硅谷银行破产，美国历史上第二大规模的银行倒闭事件后，对于全球影响何在？初创公司能不能拿回钱？加密货币的稳定币USDC的33亿美元该怎么办？周一会不会爆发挤兑风险？ 合作+微信：aibijun666 (全网唯一名字：爱币君2023) discord社群链接： 注册欧易链接（享受永久返佣20%）： #比特币 #以太坊 #币圈 #暴雷 #flow #bitcoin #ethereum #btc #eth #矿工 #挖矿 #硬分叉 #宝二爷 #加息 #合约 #美股 #财报 #爆仓 #以太坊 #走势 #币安 #美联储 #以太坊2.0 #币安 #okex #欧易 #交易所 #比特幣 #以太坊 #幣圈 #礦工 #挖礦 #硬分叉 #寶二爺 #加息 #合約 #美股 #財報 #爆倉 #以太坊 #走勢 #幣安 #美聯儲 #以太坊2.0 #幣安 #歐易 #交易所 #以太坊升级 #暴跌 #网赚 #财富自由 #以太幣 #加密货币 #数字资产 #区块链 #nft #元宇宙 #metaverse #通胀 #币安 #梭哈 #财富自由 #机构 #牛市 #梭哈 #抄底 #做空 #开空 #薅羊毛 #白嫖 #撸币 #对冲 #ETHW #分叉币 #波卡 #dot…
Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under. According to a March 16 report from data aggregation platform DappRadar, NFT trading volumes were hovering between $68 million to $74 million in the lead-up to SVB’s collapse on March 10, then fell to $36 million on March 12. The dip was accompanied by a 27.9% drop in daily NFT sales count between March 9…
Identity crisis: Cofounder of doodles says it’s not an NFT project One of the co-founders of nonfungible token (NFT) project doodles says it is going to pivot away from being an “NFT project” to becoming a “leading media franchise.” In a March 18 post on the project’s Discord, one of the doodle’s founders, Jordan Castro — who goes by the pseudonym “poopie” online — said it wanted to move away from financial speculators. “We’re trying to go from a startup to a leading media franchise. We are no longer an…
“The market price of one Ethereum in our principal market ranged from $964 – $3,813 during the year ended December 31, 2022, but the carrying value of each Ethereum we held at the end of the reporting period reflects the lowest price of one Ethereum quoted on the active exchange at any time since its receipt,” according to the filing. “Therefore, negative swings in the market price of Ethereum could have a material impact on the company’s earnings and carrying value, while only time a rise in prices will impact…