NFTS Financial News

Despite an incredible surge of over 50,000% between April 15 and May 5, Pepe Coin (PEPE) is experiencing a significant decline of more than 60% from its peak, with 15% of the drop occurring in the past week.

Art collectors and fans of the cult science fiction film Alien will have a chance to purchase a fractionalized digital artwork of a rare sculpture by the late Swiss artist H.R. Giger. 

Reddit co-founder Alexis Ohanian firmly believes that play-to-earn is the future of gaming despite the decline in popularity of some major P2E games.

Blockchain gaming company Azra Games is taking a different approach to NFTs in Web3 games, focusing on the gameplay itself rather than the crypto elements. 

Image by Fareed Mindalano / Playground AI

Launchpad XYZ has an ambitious vision for the future of web3. The platform envisions constructing an all-in-one hub where users can navigate opportunities in DeFi trading, NFTs, play-to-earn gaming, and the metaverse—and it looks like it will have the resources to pull it off.

Former OpenSea product manager Nathaniel Chastain has been found guilty of wire fraud and money laundering in the first insider-trading trial involving non-fungible tokens (NFTs). 

Ethereum—the second-largest cryptocurrency by market capitalization—has recently weathered a three-day breakdown from April 19 to 21, leaving market watchers on edge.

Sotheby's is preparing to host an auction for a collection of non-fungible tokens (NFTs) seized from now-defunct crypto hedge fund Three Arrows Capital.

Auction house Sotheby's has revived its “Glitch: Beyond Binary” NFT auction after facing backlash over lack of diversity with the initial launch. 

Donald Trump, the 45th President of the United States, has raked in up to $1 million from the sales of his digital trading cards.

Digital trading cards tied to Donald Trump, the 45th President of the United States, have seen a spike in price following news that a grand jury in Manhattan voted to indict him.

DeFi 2.0, is emerging. These platforms are built on the strengths of DeFi 1.0 and strive to address some of its challenges and limitations. In the ever-changing financial industry, the introduction of new products and services is a constant phenomenon. From credit cards and online banking to contactless payment and more recently, peer-to-peer lending, each financial product or service goes through multiple iterations. In the same vein, the DeFi space has also undergone a process of evolution and development, with the initial offerings being restricted to creating decentralized versions of traditional financial products such as loans and insurance. However, as DeFi protocols have undergone testing, strengthening, and improvement, the user experience has been notably enhanced, and a wider range of use cases have been developed. With this ongoing momentum in innovation, it is likely that soon, DeFi applications will be even more user-friendly and advanced compared to traditional banking apps or earlier versions of DeFi apps.

Bitcoin experienced an increase of almost 2% earlier today as fears of an ongoing banking crisis swept the markets. This pushed the digital asset to hit its highest level in nine months at $28,569 before declining to the current level of $27,803, with a loss of 0.89% so far today.

Bitcoin has fallen below the $20,000 mark for the first time since early January, following a significant sell-off that began late Thursday and extended into Friday morning. This comes as the broader cryptocurrency market experienced a sell-off driven mainly by negative news.

Since its association with Ethereum co-founder Vitalik Buterin was revealed, the "Gitcoin Presents" NFT collection has surged to the top spot on OpenSea.

Amazon is poised to launch its NFT and Web3 initiative by next month, with around fifteen collections expected to be available from the launch.

Israel Tax Authority has arrested two NFT creators for charges of tax evasion and money laundering after allegedly failing to report $2.2 million in sales throughout 2021.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Liquidators of the now-defunct crypto fund Three Arrows Capital plan to sell off the firm's NFTs as part of recovery efforts.

Physical artifacts retrieved from the wreckage of the Titanic are set to be tokenized as NFTs and shared with the world through a new, three-way partnership.