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Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions – Markets and Prices Bitcoin News

August 21, 2023

Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by a significant 34.66%. Weekly Digital Collectible Sales Cool Off This week, NFT sales showed a minor dip…

US Court Classifies Tornado Cash as 'Person' in Verdict Echoing Ooki DAO Designation – Legal Bitcoin News

August 20, 2023

A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a similar manner. U.S. Judiciary…

Ethereum Gears Up for 'Holesky' Testnet Launch With 1.6 Billion Testnet Ether – Technology Bitcoin News

August 20, 2023

Ethereum developers plan to roll out a new testnet named Holesky, intending to bring 1.6 billion Holesky testnet ether to the network. The core devs of Ethereum highlighted that 1.4 million validators were evaluated for Holesky, with the aim of enhancing the blockchain’s…

Bitcoin, Ethereum Technical Analysis: BTC, ETH Seek Support Level, Following Worst Selloff Since FTX Crisis – Market Updates Bitcoin News

August 20, 2023

Bitcoin started the weekend trading below $26,000, as the cryptocurrency had its worst week since the collapse of FTX. Market sentiment was bearish following reports that Spacex liquidated its bitcoin holdings. Ethereum remains below $1,700. Bitcoin Bears continued to circle bitcoin (BTC) to start the weekend, as the cryptocurrency had its biggest one-day decline since the collapse of FTX. BTC/USD…

Biggest Movers: XLM, DOGE Rebound on Saturday, Following Recent Market Sell Off – Market Updates Bitcoin News

August 20, 2023

Stellar was a notable mover during Saturday’s session, as the token returned to the green to start the weekend. Prices recently fell lower for six straight days, however, bulls have reentered the market snapping this streak in the process. Dogecoin also rebounded today.

Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts – News Bitcoin News

August 20, 2023

One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.” Opensea Pivots Away From BNB Smart Chain in Strategy…

Cybercriminals Use Crypto Gaming to Steal Millions — Philippines National Police – Regulation Bitcoin News

August 19, 2023

The cybercrime fighting unit within the Philippines National Police has asked residents to be wary of rewards promised by play-to-earn (P2E) games because they can be used to steal crypto assets worth millions of dollars. The unit said players can reduce the chances of losing money to scammers by doing their own research before committing funds. Role Played by Custom-Made Gaming Apps The…

UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September – Regulation Bitcoin News

August 19, 2023

According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all…

SEI's Rocky Start: New L1 Crypto Token Dives 65% in 3 Days Amid Market Turmoil – Markets and Prices Bitcoin News

August 19, 2023

The newly listed cryptocurrency SEI took a substantial hit after its debut, plummeting over 65% from its peak value in just three days. The coin’s latest 13% tumble mirrored a decline in the broader crypto market in the last 24 hours. New L1 Token Plummets 65% From Record…

Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools – Market Updates Bitcoin News

August 19, 2023

The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This downturn mirrors a wider slowdown in the NFT sector. However, the slump in Bitcoin Ordinals is far more pronounced than in established networks such as…