Cryptocurrency News

CryptoPunks, BAYC lead NFT daily sales, put Ethereum on top

It's an exciting time in the world of Non-Fungible Tokens (NFTs) as two prominent collections, CryptoPunks and Bored Ape Yacht Club (BAYC), continue to dominate the daily sales charts. This trend has also solidified Ethereum's position as the leading blockchain for NFT transactions.

How is crypto gaming shaping the future of live entertainment?

Crypto gaming, a burgeoning sector at the intersection of technology, entertainment, and finance, is reshaping the future of live entertainment in numerous ways. While the industry has faced criticism and skepticism from traditional gaming communities, it presents unique opportunities for innovation, monetization, and user engagement.

6 Expert Picked Crypto To Buy On The Cusp Of 2024 Bitcoin Halving

The anticipation surrounding the Bitcoin halving event in 2024 has created a buzz in the cryptocurrency market, with investors and experts alike looking for potential coins to buy before the event. Here are six expert-picked cryptocurrencies that could be worth considering.

NFT market watch: exploring the dynamic landscape of NFT trends in 2024

The NFT market in 2024 is experiencing significant growth and innovation, with various trends shaping its landscape. From the emergence of Hybrid NFTs that bridge uniqueness and liquidity to Real World Asset (RWA) tokenization transforming investment paradigms, the market is evolving rapidly.

NFT Bulls Roar Back: Magic Eden Surges to $50 Million Daily Sales

The Non-Fungible Token (NFT) market has been a rollercoaster ride for investors and enthusiasts alike. After a period of bearish sentiment, the NFT bulls are back in the game, and Magic Eden, a leading NFT marketplace on the Solana blockchain, is leading the charge. Magic Eden recently reported daily sales of over $50 million, marking a significant comeback for the NFT market.

Here's The Latest NFT News Today

NFT Market Data Studio 369 announced MetalCore's closed beta, offering rewards for NFT holders following a $39 million airdrop. This move aims to incentivize participation and engagement within the MetalCore community.

NFT Sales Nose Dived 3% In Feb 2024 – Will March Bring Back An Upward Trend

The Non-Fungible Token (NFT) market, which had been experiencing a surge in sales since late 2020, took a significant turn in February 2024. According to various reports, NFT sales dropped by approximately 3% compared to the previous month, marking a notable decline from the record-breaking sales of the previous year. This downturn was not limited to a specific blockchain or marketplace but was a widespread trend across the NFT ecosystem.

Solana NFT Sales Reach $5 Billion Mark

It's an exciting time in the world of non-fungible tokens (NFTs) as the Solana network has recently surpassed a significant milestone. According to various reports, the total sales volume of NFTs on the Solana blockchain has reached an impressive $5 billion. This achievement is a testament to the growing popularity and adoption of NFTs on the Solana network.

Moonbirds NFT price surge amid insider trading allegations

The Ethereum-based NFT collection Moonbirds experienced a surge in price and trading volume amid allegations of insider trading. The surge occurred before the public announcement of Yuga Labs' acquisition of Moonbirds' intellectual property rights from the original creator, Proof. Data from blockchain analytics platform CryptoSlam revealed that daily sales volume for Moonbirds NFTs increased significantly in the days leading up to the announcement, with spikes in sales activity and price that raised suspicions of insider trading.

Crypto projects have given out 115 billion points so far

According to a report by The Block, crypto projects have given out 115 billion points so far. Points are off-chain numbers given to users as a "reward" for certain actions, like swapping tokens on the project's own platform. They are typically done ahead of a potential airdrop to let users know what actions will be rewarded.

Major Cryptocurrency Heist: Ripple Co-Founder's Wallet Hit in $112 Million XRP Robbery

The co-founder of Ripple, Chris Larsen, fell victim to a major cryptocurrency heist, with his personal wallet being targeted in a $112 million XRP robbery.

School officials busted for hidden crypto mining operation

Two senior staff members of the Patterson Joint Unified School District, Jeffrey Menge and Eric Drabert, have been charged by the United States Department of Justice (DoJ) for operating a hidden cryptocurrency mining operation using school resources and increasing electricity costs.

Cryptocurrency thrives in China against odds, report says

According to recent reports, despite the Chinese government's ban on cryptocurrency trading and mining since 2021, the use of cryptocurrencies in China has increased. The blockchain industry in China still ranks #1 in the number of blockchain projects in the world, accounting for 75% of the equipment required to earn new units of digital money.

Top 3 Crypto To Buy Before Bitcoin Halving

Based on the search results, here are the top 3 cryptocurrencies to consider before the Bitcoin halving in 2024.

Over 73% of Europeans Optimistic About Future of Cryptocurrencies, Binance Survey Reveals

According to a recent survey conducted by Binance, over 73% of Europeans are optimistic about the future of cryptocurrencies. The survey, which polled 10,498 users across France, Italy, Spain, and Sweden, unveiled a significant majority expressing confidence in the future of digital assets.

Current Prices for Bitcoin, Cardano, Sui, and Pepe Coin

Bitcoin, the most prominent player in the cryptocurrency market, is currently priced at $43,526.01. This represents a 2.95% change over the past 24-hour period.

DefiQuant Leads the Way in Cryptocurrency Compliance and Regulation Adherence

DefiQuant, a prominent pioneer in the cloud mining market, has announced a significant advance in cryptocurrency compliance and regulation adherence, thereby setting new industry standards. Integrating advanced DeFi trading bots and cryptocurrency quant robots, DefiQuant is improving trading efficiency while ensuring safe, secure, and regulation-compliant operations. The platform's commitment to regulatory compliance is apparent in every aspect, from user registration to fund withdrawal.

South Korean Blockchain Platform Somesing Suffers Major Hack

Somesing, a leading South Korean blockchain platform, has recently been victim to a significant security breach, resulting in the loss of approximately $11.58 million worth of its native SSX tokens. The hack, which involved the theft of 730 million SSX tokens, represents a substantial portion of the platform's native cryptocurrency.

ESMA Proposes Stricter Rules for Non-EU Crypto Firms Serving EU Clients

The European Securities and Markets Authority (ESMA) has proposed more stringent regulations for non-European Union (EU) cryptocurrency firms serving EU clients. These new rules will limit the capacity of non-EU firms to directly serve clients within the EU, even if they qualify under the 'reverse solicitation' exemption.

Google's game-changing advertising policy update unleashes crypto surge

Google's recent update to its advertising policies is expected to have a significant impact on the cryptocurrency market. The update, which took effect on January 29, 2024, allows for the advertising of select cryptocurrency products, including spot Bitcoin exchange-traded funds (ETFs) and Cryptocurrency Coin Trusts. This policy change is seen as a major development that could potentially lead to a surge in the accessibility and legitimacy of cryptocurrency-related products, particularly Bitcoin ETFs, through Google's advertising platform.

Blockchain Games Skyrocketed in Popularity in 2023: Predicted to Continue Growing

According to various sources, blockchain games became a sensation in 2023 and are forecasted to continue their upward trend in the coming years. The list of most-played blockchain games of 2023 featured names like Splinterlands, Axie Infinity, Alien Worlds, Pixels, and My Neighbor Alice.

Stable Cryptocurrency Lobby Emerges in US Senate, Backed by 18 Senators

A solid lobby in support of cryptocurrency has formed in the U.S. Senate, with 18 Senators throwing their weight behind the "Stand with Crypto" initiative. This initiative has been backed by the advocacy group of Coinbase, one of the leading cryptocurrency exchange platforms.

Analysts Predict Continued Growth for Cryptocurrency Market in 2024

Based on various predictions and analyses, 2024 is expected to be a year of continued growth and expansion for the cryptocurrency market. Bitcoin, the trailblazer in the field, is expected to play a leading role, with some experts predicting a potential all-time high of $524,000...

10 Best Crypto Gambling Sites In USA (2024)

Here are the top 10 best crypto gambling sites in the USA for 2024, according to various sources...

7 Best Cheap Crypto to Buy Now Under 1 Dollar

Here are the 7 best cheap crypto to buy now under 1 dollar on January 29, 2024.

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Moonbirds NFT price surge amid insider trading allegations

2024-02-18

News Moonbirds NFT price surge amid insider trading allegations The Ethereum-based NFT collection Moonbirds experienced a surge in price and trading volume amid allegations of insider trading. The surge occurred before the public announcement of Yuga Labs' acquisition of Moonbirds' intellectual property rights from the original creator, Proof. Data from blockchain analytics platform CryptoSlam revealed that daily sales volume for Moonbirds NFTs increased significantly in the days leading up to the announcement, with spikes in sales activity and price that raised suspicions of insider trading.

Pseudonymous blockchain developer cygaar and crypto trader and influencer CirrusNFT both commented on the spikes preceding the announcement, implying that insider trading had likely taken place. The possibility of insider trading in the NFT market is not unprecedented, as former OpenSea executive Nathaniel Chastain was charged and sentenced for similar conduct last year.

Regulators may yet choose to investigate whether any similar unlawful activity influenced the weeks of trading before Yuga Labs went public with their Moonbirds acquisition. For now, the allegations remain unproven, but the circumstantial evidence has drawn the scrutiny and speculation of the crypto community.