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Total NFT Sales Hit $25B in 2021

The explosion in popularity of non-fungible tokens (NFTs) topped its sales to some $25 billion in 2021, data from market tracker DappRadar showed. Although the growth of NFTs was monumental, DappRadar also reported that there were signs of growth slowing towards the end of 2021, which raises questions about the performance of the speculative crypto

Bitcoin’s Long Liquidation Dominance Hits an 8-Month High at 69%

Having traded below $45,000 for seven days now, Bitcoin (BTC) has been in the red based on significant liquidation.  As a result, long liquidation dominance is at levels last seen in May 2021 as traders have been trying to catch the dip. Market insight provider Glassnode confirmed: “Bitcoin long liquidation dominance has hit 69%,

Up to a 370% Rally for Explosive Altcoin Polygon (MATIC) Inevitable, According to Crypto Trader Lark Davis

Cryptocurrency trader Lark Davis is expecting more massive gains from a layer-2 Ethereum (ETH) solution that’s coming off a breakout year. Davis tells his 479,000 YouTube subscribers that multi-chain scaling solution Polygon (MATIC) has a lot going for it as “the premier side-chain for Ethereum.” The trader is especially impressed with Polygon’s recent growth. “Of

Total NFT Sales Hit $25B in 2021

The explosion in popularity of non-fungible tokens (NFTs) topped its sales to some $25 billion in 2021, data from market tracker DappRadar showed. Reports showed that prices of some NFTs rose at high-speed last year that speculators sometimes ‘flipped’ them for a profit within days. Although the growth of NFTs was monumental, DappRadar also reported

How one Tesla owner mined crypto with his car

One Tesla owner might have found more use for his electric car prized asset beyond the road, judging by his recent revelations. A Tesla was used to mine $800 Ethereum A CNBC report has revealed that an owner of a 2018 Tesla Model 3, Siraj Raval, successfully mined around $800 worth of Ethereum around when

NBA champion Andre Iguodala to Accept Salary Payment in Bitcoin

American basketball player Andre Iguodala, who plays for the NBA’s Golden State Warriors, tweeted Monday that he will accept bitcoin as a salary. Andre Iguodala, a three-time NBA champion with an annual salary of $2.647 million, has become the latest celebrity to accept cryptocurrency as a salary. Iguodala said on his Twitter that Warriors player

Public Will Not Confuse Name With H&R Block, Says Block

Block Inc, formerly known as Square, has made a formal argument at a Missouri federal court stating that its new name won’t confuse potential customers with tax-preparation giant H&R Block who has filed a trademark infringement lawsuit against the financial-services company. San Francisco-based Block has also asked the court to throw out the lawsuit which

Cryptocurrencies Experience Record Outflows in Week 1 of 2022: CoinShares

As prices continued their tumble in the first trading week of 2022, digital asset manager CoinShares’ report showed that cryptocurrency investment had net outflows totalling a record $207 million. After experiencing four consecutive weeks of outflows since mid-December 2021, the cryptocurrency sector reached a total of $465 million, or 0.8% of total assets under management.

Animoca Brands’ Lympo NFT platform hacked for $18.7 million

Sports NFT minting platform and Animoca Brands subsidiary Lympo suffered from a hot wallet security breach and lost 165.2 million LMT tokens worth $18.7 million at the time of the hack. A short Medium update from the Lympo team stated that on Jan. 10 hackers managed to gain access to Lympo’s operational hot wallet and