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FTX EU Sold to Backpack Exchange, Plans Regulated Crypto Derivatives Push Across Europe

FTX EU Sold to Backpack Exchange, Plans Regulated Crypto Derivatives Push Across Europe

FTX EU, the European arm of Sam Bankman Fried’s now-bankrupt cryptocurrency trading empire, has been sold to Backpack Exchange, a crypto trading company founded by former Alameda Research and FTX employees.FTX EU, which held a MiFID II-license under the Cyprus Securities and Exchange Commission (CyS…

Korea’s Jeju to issue NFT tourist cards to boost Gen Z visitors: Report

Korea’s Jeju to issue NFT tourist cards to boost Gen Z visitors: Report

South Korea’s Jeju Island is reportedly planning to issue non-fungible token (NFT) tourist cards in a bid to boost visitation by the country’s younger generations.Local news outlet the Maeil Business Newspaper reported on Jan. 5 that Jeju plans to issue digital tourism cards in the second half of 20…

NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge

NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge

As Bitcoin surges toward the $100,000 mark, touching a new all-time high of $99,655.50, the non-fungible token (NFT) sales volume has shown a drop of 9.6% to $160.9 million. The global cryptocurrency market capitalization has continued to surge, reaching $3.35…

Vignesh Karunanidhi
Truemarkets raises over $4M through NFT sale as Vitalik Buterin buys 400 NFTs

Truemarkets raises over $4M through NFT sale as Vitalik Buterin buys 400 NFTs

Truemarkets raises $4.03M through an NFT sale as Ethereum co-founder Vitalik Buterin buys 400 NFTs worth $107,000.

Anushka Basu
New York Judge Approves Celsius’s Request to Serve Legal Notices Through NFT Airdrops

New York Judge Approves Celsius’s Request to Serve Legal Notices Through NFT Airdrops

Entities behind pseudonymous crypto wallets can now be served via NFT airdrops, as the law catches up with technology

Wayne Jones
nft
Analysis: 98% of NFTs Launched in 2024 Unprofitable, Only 0.2% Yield Gains

Analysis: 98% of NFTs Launched in 2024 Unprofitable, Only 0.2% Yield Gains

Only 0.2% of all 2024 NFT collections delivered profits, and even among active collections, only 11.9% have been profitable.

Wayne Jones
NFT sales surge 94% to $178.8m, Ethereum network ranks first

NFT sales surge 94% to $178.8m, Ethereum network ranks first

Amidst Bitcoin’s new all-time high of $93,434.36, the non-fungible token (NFT) sales volume has surged by 94.1% to $178.8 million. The global cryptocurrency market capitalization has reached $3.03 trillion, marking a 4% increase over the last day. Bitcoin (BTC) has…

Vignesh Karunanidhi
CryptoPunks Dominate Sales Volume With $19.32M Sales: Breaking Down the Hottest NFT Collections

CryptoPunks Dominate Sales Volume With $19.32M Sales: Breaking Down the Hottest NFT Collections

CryptoPunks have led the charts by weekly sales volume and were able to rake in an astonishing $19.32 million in sales. More on big NFT collections.

Ishtiyaq Hussain
nft
Artnames enables users to their name into a personalized NFT

Artnames enables users to their name into a personalized NFT

A Base-supported generative art project called Artnames turns a user’s name into a unique piece of NFT art. Each piece is created in collaboration with renowned artists from the digital art space. The Artnames project was founded by the artist…

Trisha Husada
Collectify Teams Up with XSTAR for Revolutionary Humanity Verification

Collectify Teams Up with XSTAR for Revolutionary Humanity Verification

Collectify, the prominent player in the multichain NFT market, has partnered with XSTAR, the Omnichain Identity Protocols provider. More details below.

Ishtiyaq Hussain
nft
Mutant Ape NFT Creator To Forgo $1.4 Million, Escapes Jail Time

Mutant Ape NFT Creator To Forgo $1.4 Million, Escapes Jail Time

In an interesting development, the creator of the fraud NFT collection “Mutant Ape Planet” Aurelien Michel is set to avoid a prison sentence following a recent court ruling. However, the defendant has been ordered to forgo over $1 million as punishment for conducting a rug pull. Related Reading: NFT…

Semilore Faleti
October Sees Lower NFT Sales Volume With Few Collections Standing Out

October Sees Lower NFT Sales Volume With Few Collections Standing Out

After a downtrodden September, non-fungible token (NFT) sales dropped further in October, totaling $361 million—a 36% decrease. NFT Sales Fall 36% in October, Totaling $361 Million NFT sales in October didn’t quite bounce back, showing a 36% decline after September’s 47.9% dip. The month saw around …

Jamie Redman