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An X user known as Princess Hypio said they lost $170,000 in crypto and NFTs to a scammer who infiltrated a Discord server and pretended to have mutual friends. Update Sept.1, 11:30 pm UTC: This article has been updated to include information from Halborn’s chief information security officer. Last month, crypto user and NFT artist…
The official crypto token of Pudgy Penguins had a tough month, consistent with a broader decline in NFT markets and digital collectibles. Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads. The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party,…
Base’s 70% NFT trading volume surge to $47 million in the last 30 days puts it above competitors like Immutable and Solana. Coinbase layer-2 network Base took the third spot in non-fungible token (NFT) trading volume after a 70% surge in the last 30 days. Decentralized application data aggregator DappRadar showed that Base’s NFT volume…
Pudgy Penguins, BAYC and Doodles led the decline over the past week, while CryptoPunks held on with only a 1.35% drop. Blue-chip non-fungible token (NFT) collections had steep weekly declines as Ether pulled back from all-time highs. Data from decentralized finance aggregator DefiLlama showed that top projects saw their floor prices sink by double digits…
Lib Work Co. is dipping its toes into Bitcoin, a month after using NFTs for the first time to tokenize the designs of one of its 3D printed houses. Japan-based 3D printed housing firm Lib Work Co has become the latest non-crypto native firm to buy Bitcoin for its corporate treasury, coming just a month…
A US judge says Logan Paul’s bid to toss a suit over the collapse of CryptoZoo should be allowed, but a class group should also get the chance to update their claims. YouTuber Logan Paul’s bid to dismiss a proposed class-action lawsuit over his defunct non-fungible token (NFT) project CryptoZoo should be allowed, says a…
The NFT market cap dropped 12% to $8.1 billion as Ether fell, with CryptoPunks and Bored Apes sliding while Pudgy Penguins climbed into second place. The non-fungible token (NFT) market lost more than $1.2 billion in value in less than a week as Ether’s rally slowed, according to sector data. On Monday, NFT Price Floor…
NFT DApps drew slightly more active users than DeFi in July, even as DeFi liquidity hit a record $270B. Locked liquidity on decentralized finance (DeFi) applications reached a record $270 billion in July, partly driven by tokenized stocks growth. DappRadar’s data shows the total value locked (TVL) in DeFi protocols jumped 30% month-over-month, while active…
ZachXBT named some sponsors of Token2049 as sketchy. While these coins may have hype-fueled pumps to cult-like followings, they may have no real utility. Crypto investigator ZachXBT criticized Token2049 for poor sponsor vetting, warning that platinum sponsorships don’t equate to legitimacy. Several sponsors he flagged turned out to have shady records. JPEX and HyperVerse used…
CryptoSlam data showed that the average sale value for NFTs climbed to $113.08, highest in six months. Non-fungible token (NFT) sales surged to more than $574 million in July, the second-highest monthly volume this year, according to data from NFT tracker CryptoSlam. The figure represented a 47.6% increase from June’s $388.9 million but trailed January’s…