CRYPTO ASSETS

Following the multi-million "Axie Infinity" hack, developer Sky Mavis increased the number of validator nodes to 11 and noted that one of its long-term goals is to have over 100 validator nodes.

OpenSea houses 10,325 NFT collections based on the research conducted by Meta Generation in March.

Binance.US has hired Jasmine Lee, who was earlier also an executive at PayPal and Acorns, and is now gunning for an Initial Public Offering (IPO).

Social networking platform Reddit plans to debut an NFT marketplace which will allow users to buy avatars or profile pictures for a fixed amount.

"Most of the time, it could be an exchange just transferring funds to alternative exchange wallets, or selling their assets to another platform or exchange," Milkshake said.

On Monday, Chinese business giants, including Tencent, launched a "self-disciplinary initiative" to eradicate speculation in the NFT industry.

Coca-Cola has confirmed the launch of a new Pride NFT collection in collaboration with Rich Mnisi, a designer and an advocate for LGBTQIA+ rights in Africa.

OpenSea users are not happy about the incident and some vented their frustrations on Twitter.

Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, rising energy costs and increased competition bite into profitability.

"These actions are calculated, intentional, and willful with the stated purpose of causing actual and monetary harm to Yuga Labs and the holders of authentic Bored Ape Yacht Club NFTs," Yuga Labs said.

Since its founding, KnownOrigin has seen significant growth as it has revolutionized the way people create, buy, and sell NFTs.

Registered Binance users in select countries will also be able to purchase the collections using Binance Pay.

Digital asset broker GlobalBlock analyst Marcus Sotiriou opined that the sell-off trend could be attributed to "profitability decreasing with increasing electricity prices, adding that miners are "forced to liquidate some of their Bitcoin to cover operating costs."

Tether has announced the launch of a new stablecoin called the GBP₮ which will be pegged to the British Pound Sterling in a 1:1 ratio.

Coinbase will be "sunsetting Coinbase Pro to migrate all advanced trading into one unified Coinbase account." 

To kick off the NFT Marketplace, IMVU is collaborating with metaverse-native luxury fashion house Auroboros to host a design challenge. 

"Despite our efforts, we’ve been unable to get the whale to reduce their risk, or even get in contact with them. With the way things are trending with the whale’s unresponsiveness, it’s clear action must be taken to mitigate risk," the proposal reads.

Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday.

"Things are moving quite well on all fronts and over the next few weeks you will begin to see the things we've been working on come to fruition at, what looks to be, when Shib (and the world) needs it most," Kusama said.

Tesla CEO Elon Musk was one of the reasonns behind DOGE reaching its all-time-high in May last year.

MicroStrategy boss Michael Saylor talked about the fears of the firm having to sell its BTC and the chances of it buying BTC during the market crash.

Elon Musk has been sued for allegedly running a pyramid scheme in support of Dogecoin (DOGE) for $258 billion by a Dogecoin investor.

Major cryptocurrency volatility has hit stablecoins, typically considered the market's safer-havens, with investors pulling money out of the sector and several losing the peg to their underlying assets.

Major factors fueling the momentum of NFT growth include the increasing influence of celebrities on NFT adoption, revolutionizing the gaming industry and the slow but continuing rise in demand for digital artworks.

The President of the Central African Republic (CAR) has doubled down on his Bitcoin bet despite the recent market crash even as the crypto market is reduced to less than $1 trillion.

Peter L Brandt predicted a huge crash in the price of the world's biggest cryptocurrency, saying that BTC is following a "Drano" chart pattern.

The first Ferrari F1 car equipped with a semi-automatic gearbox, the 1989 Ferrari 640, has been sold using the Himalaya Dollar (HDO), a stablecoin belonging to the Himalaya Exchange.

"NFTs saw explosive growth in 2021, but this growth hasn’t been consistent and has leveled off so far in 2022."

MicroStrategy's CEO Michael Saylor might've landed the firm in trouble as its Bitcoin holding is already down by more than a billion dollars.