More than $765,000 worth of nonfungible tokens has been stolen as part of a reported SIM swap attack on the GutterCatGang NFT project.The security breach was highlighted by several NFT community members at around 8 pm UTC on July 7, with GutterCatGang co-founder @GutterMitch tweeting out a warning that: “Our Twitter has been compromised please do not interact with any links.”
Alongside the official GutterCatGang account, co-founder @gutter...
What is the point of an NFT project? How do they sustain themselves, and what truly differentiates one from another? These kinds of Web3-related questions are unique in that they come from both crypto art veterans and those who still find the very concept of NFTs to be a bit absurd. They also sit at the crux of what is arguably the NFT ecosystem’s greatest challenge: justifying its own continued existence.
Not many ...
In a nearly two-hour-long Twitter Space on July 7, Ethereum co-founder Vitalik Buterin lauded the advent of Bitcoin Ordinals, heralding it as an “organic return of builder culture” to Bitcoin. This conversation, which also included Bitcoin advocates and Taproot Wizards stakeholders Eric Wall and Udi Wertheimer, revolved around the recent stirrings in the Bitcoin ecosystem caused by Ordinals.
A revitalized builder cul...
The Canadian Securities Administrators (CSA) — Canada’s chief financial authority — has confirmed its trust in the regulated futures market for crypto, which “promotes greater price discovery.” Apart from the United States, the Canadian market hosts several crypto exchange-traded funds (ETFs). On July 6, the CSA issued guidance to help fund managers comply with law requirements for investment funds holding crypto assets. A 15-page document ...
Coca-Cola Serbia is partnering with Solana NFT platform SolSea to present a unique NFT experience at the Exit Festival in Novi Sad, Serbia through July 9. At the heart of this collaboration lies the Magic Mirror activation from NFT infrastructure protocol All.Art. This digital installation, which will be located in the Coca-Cola Serbia zone at the festival, promises to transform how attendees interact with brands and me...
The NFT space isn’t what it used to be. This has become painfully obvious to those within Web3 over the past few months. From controversial memecoin escapades to overwhelming regulatory initiatives, the magic of the metaverse has been palpably waning throughout 2023.
As it stands, the current state of the non-fungible ecosystem is a far cry from the market highs that helped kick off the year. Yet, this round of “NFTs...
Blockchain-based games have been a hot topic in the cryptocurrency space over the past two years, accounting for considerable growth and daily activity on a number of protocols despite prolonged bear market conditions.Market research estimates that Web3 gaming pulled in around $4.5 billion in funding in 2022 as asset managers, investment funds and venture capitalists look to cash in on the burgeoning sector.In an exclusive interview with Co...
Few entities have shaken up the Web3 landscape as much as the NFT marketplace and aggregator Blur has in the last year. In November of 2022, it began to consistently rival OpenSea, the previously undisputed NFT marketplace champion of the past six years. By February 2023, it had left the platform in the dust, outpacing OpenSea by as much as $400,000,000 in weekly trading volume.
Blur owes its success to a few things...
As the global blockchain ecosystem continues to change, more stringent regulation may be on its way to South Africa. Taking a leadership role in cryptocurrency regulation on the African continent, the country’s financial regulator, the Financial Sector Conduct Authority (FSCA), has announced a new requirement for digital asset exchanges to secure licenses by year’s end.
This regulatory change, which is reportedly aim...
While cryptocurrencies offer evident benefits like decentralization, borderless transactions at a low cost and unparalleled security, they still have to catch up with traditional payment systems in terms of user experience in order to enjoy the same adoption rate.Some major crypto exchanges have improved their UX, but the market is still fragmented and difficult to navigate for novice users. Crypto users often have to manage several wallet ...
