NFT News

Cristiano Ronaldo Faces Lawsuit Over Binance Crypto Promotions Amid SEC Charges and $4.3B Fine

November 29, 2023 1 min read

Cristiano Ronaldo, the football sensation, is now at the center of a lawsuit over his promotion of the crypto exchange Binance. The lawsuit, filed in Florida on November 27, alleges that Ronaldo promoted and sold unregistered securities in collaboration with Binance. Binance collaborated with Ronaldo in 2022, using the football star’s celebrity to promote a series of non-fungible tokens (NFTs) featuring the renowned athlete. According to the lawsuit, Ronaldo’s support

Crypto Scammer Faces $1.2M Payout for NFT Theft through Apple Support Deception

November 29, 2023 1 min read

In the most recent crypto-related case, Amir Hossein Golshan, a 25-year-old Los Angeles man, was sentenced to eight years in federal prison and ordered to pay $1.2 million in restitution. Golshan orchestrated a series of scams in which he posed as an Apple support representative, stealing non-fungible tokens (NFTs) and crypto through tactics such as SIM swapping and social media account takeovers. Over the course of several years, Golshan’s crimes

The Simpsons Features NFTs and Blockchain in Halloween Episode

November 6, 2023 1 min read

In a special Halloween episode of The Simpsons, titled “Treehouse of Horror 34,” non-fungible tokens (NFTs) and blockchain technology took center stage. The episode, known for its spooky and satirical takes on pop culture, made several humorous references to the world of on-chain NFTs in its first chapter, titled “Wild Barts Can’t Be Token.” For those not familiar, NFTs are a unique type of cryptocurrency asset that allows holders to

Leading NFT Exchange, OpenSea, To Cut Off 50% Of Its Workforce

November 4, 2023 2 mins read

OpenSea, the largest NFT marketplace, announced on Friday that it was parting ways with half of its workforce. CEO Devin Finzer shared a detailed nine-part Twitter thread outlining their plans to revamp the OpenSea product line and corporate culture. This decision is a crucial part of OpenSea’s strategy to streamline operations and foster innovation, a plan that Finzer had recently discussed on social media. The goal is to create a

Yuga Labs announces plans to streamline its workforce and refocus on core projects

October 7, 2023 1 min read

Yuga Labs, a leading NFT developer, has announced plans to streamline its workforce and refocus on core projects. The decision to restructure was outlined in an email from CEO Daniel Alegre on October 6, who explained the need to adapt to the current market conditions. Alegre acknowledged that the company had taken on numerous projects, some of which extended beyond their expertise and stretched their resources thin. He noted, “I

Donald Trump NFTs Experience Surge in Trading Amidst Eventful Week

August 27, 2023 2 mins read

The Trump Digital Trading Cards, a collection of non-fungible tokens (NFTs) featuring illustrated depictions of Donald Trump, have experienced a significant upswing in both price and trading volume. This surge has been attributed to a week filled with noteworthy events in the US political landscape. The boost in trading activity is closely tied to two key developments: the release of Donald Trump’s mugshot and his interview with former Fox News

Yuga Labs Ends Collaboration with OpenSea Amidst Creator Royalties Dispute

August 20, 2023 2 mins read

Yuga Labs, the driving force behind the iconic Bored Ape Yacht Club (BAYC) NFT collection, has made an announcement. The developers have decided to terminate their partnership with OpenSea, a leading NFT marketplace. This move comes as a reaction to OpenSea’s upcoming shift towards a discretionary royalty structure, which has stirred a considerable response within the NFT community. OpenSea, a prominent platform for trading non-fungible tokens (NFTs), recently unveiled changes

Bitcoin Ordinals NFT Trading Volume Drops by 98%

August 19, 2023 2 mins read

The world of cryptocurrency has witnessed a dramatic turn of events as trading volume for the Bitcoin Ordinals NFT has experienced a staggering 98% decline since May. This plummet in trading activity has raised concerns about the level of user engagement within the Bitcoin Ordinals ecosystem. Recent data from DappRadar paints a bleak picture of the Bitcoin Ordinals NFT market. According to their reports, the trading volume for Bitcoin Ordinals

Coca-Cola Unveils Exclusive NFT ‘Masterpiece’ Series on Coinbase’s Base

August 14, 2023 1 min read

Coinbase’s groundbreaking launch of the Layer-2 platform Base has set off a wave of digital innovation, drawing the attention of major players like Coca-Cola. The renowned American multinational corporation has made its foray into the non-fungible token (NFT) realm with the captivating ‘Masterpiece’ collection unveiled on August 13. In an exciting move, Coca-Cola presents its eight-piece NFT collection, aptly named ‘Masterpiece.’ This remarkable assembly features a fusion of classic masterpieces

Ducati Introduces NFT Collection Powered by XRP Ledger

July 26, 2023 2 mins read

Ducati has recently made a significant leap into the world of digital collectibles by launching its first-ever NFT collection. To power this groundbreaking release, Ducati has joined forces with XRP Ledger, a leading blockchain technology platform. This collaboration was initially announced in July 2022, and after much anticipation, the NFT launch is finally underway. While the exact connection between the launch and the recent Ripple case victory remains unclear, Ducati

NFTs in Free Fall as Jack Dorsey’s Tweet NFT Receives $1.14 Bid After Being Sold for $2.9 Million in 2021

July 21, 2023 1 min read

On Twitter, renowned author Nassim Nicholas Taleb, known for his influential book “Black Swan,” took a critical stance against the rapidly growing non-fungible token (NFT) industry. He highlighted the significant drop in value that some tokens have experienced since their peak, questioning their suitability as an investment choice. Taleb’s criticism resonated as he pointed out the lack of intrinsic value in NFTs, emphasizing the speculative nature that surrounds them. Nassim

NFTs Valued at $765K Stolen in Gutter Cat Gang SIM Swap Attack

July 8, 2023 1 min read

In a shocking turn of events, the Gutter Cat Gang NFT project has fallen victim to a SIM swap attack, resulting in the theft of more than $765,000 worth of nonfungible tokens (NFTs). The security breach was discovered by vigilant members of the NFT community, who noticed suspicious activity on the project’s Twitter accounts. Co-founder @GutterMitch took to Twitter to issue a warning, stating that their accounts had been compromised