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Chevrolet's First NFT Draws Zero Bids Even Though It's Accompanied by a CorvetteAmerican automaker Chevrolet has seen (n...
31/07/2022

Chevrolet's First NFT Draws Zero Bids Even Though It's Accompanied by a Corvette

American automaker Chevrolet has seen (nearly) zero interest in its first non-fungible token (NFT) event, even though it's promised to come with a free 2023 Corvette Z06.

Dubbed "Own the Color," the NFT displays a lime green Corvette Z06 and was created by digital artist Nick Sullo, who goes by xsullo online.

The auction started on June 20 via the NFT marketplace SuperRare. According to the auction description page, the opening bid was ETH 206 (USD 235,550).

The potential winner would have also received a unique “Minted Green” Corvette Z06, which would be the only car painted in that color, as well as an option code RFN, which would “forever associate” the car with the NFT auction.

As intriguing as it sounds though, the auction netted zero bids during the first period between June 20 to June 24.

CryptoPunk Sales Top Monthly Charts as Other Blue-Chip NFT Collections SlumpPopular non-fungible token (NFT) collection ...
29/07/2022

CryptoPunk Sales Top Monthly Charts as Other Blue-Chip NFT Collections Slump

Popular non-fungible token (NFT) collection CryptoPunks has seen a significant increase in sales volume over the past month despite the downturn in the broader NFT market.

Over the past 30 days, CryptoPunks has recorded over USD 63m in sales volume, up by around 112%, according to NFT data aggregator DappRadar. The collection's floor price and market capitalization have also seen an uptick, rising by around 192% and 96%, respectively.

The renewed interest in CryptoPunks comes as the collection managed to attract attention with major sales. Last week, an NFT of this category sold for ETH 2,500, worth USD 3.78m at current rates, while another one sold for ETH 2,691 (USD 4m), marking the largest NFT sale of the last 30 days across the entire market.

Meanwhile, other blue-chip NFT collections have not been as lucky as CryptoPunks.

Binance Overtakes Coinbase: Now Holds the Most Bitcoin in the WorldBinance confirms its supremacy over Coinbase and othe...
27/07/2022

Binance Overtakes Coinbase: Now Holds the Most Bitcoin in the World

Binance confirms its supremacy over Coinbase and other exchanges. In addition to its continued growth, it is now the exchange that holds the most Bitcoins in the world.

The fortunes of Binance and Coinbase were in stark contrast to each other as the bear market hit. Binance and its CEO Changpeng Zhao made headlines in the crypto press through a show of force and continued hiring. Coinbase and its CEO Brian Armstrong on the other hand raised a multitude of concerns. These included waves of layoffs, pauses in recruitment and even rumors of possible bankruptcy.

Binance: unchallenged supremacy?
Binance continues to chart its course and further establish itself as the main player in the crypto industry, with endless influence. Its BNB token is 5th in terms of market cap and its stablecoin is in 6th place.

While most companies are imposing suspensions and payment limits on their users, Binance continues to take measures that show more cost savings than fee disbursements.

Indeed, Binance announced several weeks ago that more than 2,000 jobs were available at the company, with a desire for growth and expansion exacerbated by the current bear market. At the same time, while many companies or exchange platforms suspended certain commercial agreements, Binance multiplied partnerships. This was through a partnership with the Portuguese star Cristiano Ronaldo. Ronaldo has the most followed Instagram account in the world with more than 400 million followers.

Finally, as a first step to celebrating its 5th anniversary, the exchange has decided to make transaction fees free on Bitcoin and to maintain this change afterwards.

Billionaire brokerage pioneer warns ‘chances are high’ Bitcoin will ‘become worthless’On Wednesday, July 13, the United ...
25/07/2022

Billionaire brokerage pioneer warns ‘chances are high’ Bitcoin will ‘become worthless’

On Wednesday, July 13, the United States reported that the annual inflation rate for consumers had reached 9.1% through June of this year. This figure, which marked a forty-year high, shook the stock and cryptocurrency markets.

However, investors must get used to inflation, according to Thomas Peterffy, a billionaire who is the founder and chairman of the online trading platform Interactive Brokers, who spoke with Forbes over video chat.

“I believe inflationary pressures will continue for years, not months, this is not a short-term issue,” he said.

Notably, in January, Peterffy recommended that investors consider keeping 2–3% of their money in cryptocurrencies as a hedge against inflation and the possibility of fiat currencies “going to hell.” However, Peterffy is feeling less confident now as a result of the market collapse and liquidity crisis that has roiled the crypto sector.

Bitcoin May Reach $19,000 Again Because of This Pattern: AnalysisDisclaimer: The opinion expressed here is not investmen...
23/07/2022

Bitcoin May Reach $19,000 Again Because of This Pattern: Analysis

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bitcoin's path to $23,000 was a "hope rally" that, if it succeeded, could have meant that the cryptocurrency market was finally facing the reversal that everyone waited for so long. Unfortunately, the lack of buying power and trading volume pushed the price of the digital gold back to the local bottom. Pattern that pushed Bitcoin down Bitcoin had been moving in a bearish flag pattern for the last month, marking at least three local highs from $22,000 to $23,000. Unfortunately, none of the spikes ended up in a full reversal rally as the first cryptocurrency reversed back to local lows of around $19,200.

Dubai's metaverse strategy plans to add $4 billion to economy by 2027Dubai’s crown prince laid out the region’s ambitiou...
21/07/2022

Dubai's metaverse strategy plans to add $4 billion to economy by 2027

Dubai’s crown prince laid out the region’s ambitious “Metaverse Strategy,” as it looks to create 40,000 virtual jobs and add $4 billion to its economy over the next five years.

Dubai's crown prince, Hamdan bin Mohammed bin Rashid Al Maktoum, announced on Monday that the emirate would look to use the metaverse to create 40,000 "virtual jobs" and add $4 billion to its economy over the next five years.

In a tweet, he laid out the region's intent to increase the number of blockchain and metaverse companies by five times in the same timeframe.

The push for the "Dubai Metaverse Strategy" aims to put the region on the virtual map as one of the "top 10 cities globally in terms of virtual economy."

The tweet stated that the metaverse and blockchain sector currently contributes $500 million to Dubai's national economy. It also said it will look to develop metaverse use-cases and applications in Dubai's government.

Jennifer Lopez and Ben Affleck have officially tied the knot! The couple wed in an intimate ceremony in Las Vegas this w...
19/07/2022

Jennifer Lopez and Ben Affleck have officially tied the knot! The couple wed in an intimate ceremony in Las Vegas this weekend, reports People. According to court records obtained by the publication, the duo obtained their marriage license in Clark County, Nevada.

While little is known about the ceremony itself, which occurred on Saturday July 16th, the couple reportedly kept the ceremony private and small. “It was super, super small,” a source told People. “[Jennifer's] mom and kids were there. They just wanted to be married so they got married.” According to documents obtained by the Los Angeles Times, Lopez also plans to legally change her name to Jennifer Affleck.

The couple got engaged back in April of this year. They had announced their relationship in May 2021, rekindling a romance that dominated many headlines in the early 2000s. The stars met while filming their 2001 film, Gigli, and were engaged by late 2002; They eventually separated in 2004, citing excessive media attention as the reason behind the split.

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