In a recent auction held by Sotheby's, digital collectibles owned by Three Arrows Capital (3AC) were sold for a total of $10.9 million. This event sheds light on the bankruptcy case involving 3AC and showcases the value of non-fungible tokens (NFTs) in the art market.
Binance, one of the largest cryptocurrency exchanges globally, is actively working on integrating the Bitcoin Lightning Network into its platform. The Lightning Network is a layer-2 protocol designed to enhance the speed and cost-effectiveness of Bitcoin transactions.
BlackRock, the world's largest asset manager, has recently filed an application with the United States Securities and Exchange Commission (SEC) to register a spot Bitcoin exchange-traded fund (ETF). With $9.5 trillion in assets under management as of the first quarter of 2023, BlackRock's move has significant implications for the cryptocurrency market and institutional adoption of digital assets.
In a dynamic development that has captivated the financial and political spheres, Congressman Warren Davidson has introduced the SEC Stabilization Act, a bill that calls for the dismissal of SEC Chair Gary Gensler.
Ethereum Classic (ETC) and Ethereum (ETH) share common roots but their journeys have diverged significantly. Interestingly, this divergence extends beyond the technological aspects and into the regulatory world. In the United States, Ethereum Classic is regarded as a commodity, while Ethereum is classified as a security.
One of the defining features of Kraken's new NFT marketplace is its gasless trading experience. This means that whether you're buying or selling a digital asset on the platform, you won't have to pay any transaction fees. This unique feature is set to be a game-changer, making the NFT trading experience smoother and more affordable for users, irrespective of the prevailing market conditions.
Have you ever stumbled across an intriguing NFT on Twitter and found yourself wondering who else has shared it or perhaps who the proud owner is? Luckily, a ground-breaking tool is here to quench your curiosity!