A naukri.com initiative
NFT News
TronWeekly
2M
69
Image Credit: TronWeekly
Coinbase Seeks Approval for Bold Comeback into India’s Crypto Market in 2025
- Coinbase plans to re-enter the Indian market after a hiatus of over a year, engaging with regulators like the Financial Intelligence Unit (FIU) to obtain regulatory approvals.
- India is reviewing its cryptocurrency policies, considering global trends, and Coinbase aims to capitalize on the country’s expanding digital ecosystem.
- Coinbase's potential comeback follows Binance's successful return to India, setting a precedent for Coinbase's re-establishment in the market.
- Coinbase's renewed focus on India is part of its broader international expansion strategy, aligning with its goal of tapping into India's growing Web3 ecosystem.
Read Full Article
4 Likes
Bitcoinist
2M
257
Image Credit: Bitcoinist
SEC Vs Coinbase: US Regulator’s Next Move To ‘Reveal A Lot’ About New Crypto Approach
- Coinbase, following SEC vs Binance's steps, could shed light on the regulatory agency's new crypto approach.
- Speculation arises that other crypto litigations, including Coinbase, may request a pause in their legal battles.
- Coinbase is in a unique situation as its legal battle has already been halted, awaiting the SEC's response to its appeal.
- The SEC's response to Coinbase's appeal will reveal its approach to crypto litigations under the new acting chair and regulatory approach.
Read Full Article
15 Likes
Minis
1y
1.1k
Image Credit: Minis
Young Indians still bitten by bug to build future in US, says Nithin Kamath; User responds
- Zerodha CEO Nithin Kamath, in a tweet, said, "Most Americans I know with money want to invest in India because they believe they are plateauing as a nation and that we are the future. But somehow, young Indians are still bitten by the bug to travel to America to build their future. This is such a dichotomy."
- In response to this, a user responds, "Americans investing in India for monetary benefits. Indian students escaping India for lifestyle rewards. Two things are not same and there is no dichotomy."
Read Full Article
24 Likes
Minis
1y
603
Image Credit: Minis
Ex-OpenSea manager convicted in NFT insider trading case
- Nathaniel Chastain, a former manager at OpenSea, the world's largest NFT marketplace, has been convicted of fraud and money laundering.
- Chastain used inside knowledge to make personal NFT trades and earned over $50,000 in profit.
- He had pleaded not guilty to the charges brought against him.
Read Full Article
18 Likes
Minis
1y
497
Image Credit: Minis
Sotheby's auction house launches marketplace for secondary NFT sales
- Sotheby's auction house has launched a secondary sales platform, accessible via the Sotheby's Metaverse virtual store, allowing 13 digital artists to sell their artwork directly to their audience without going through the New York institution.
- The platform will enable artists to sell both existing and yet-to-be-created artworks. Sotheby's will pay out royalties on transactions conducted on the Sotheby's Metaverse platform.
- The artists approved to sell their digital art on the platform include Tyler Hobbs, Claire Silver and Sarah Zucker. NFT owners are also free to take their NFTs to other exchanges that don’t honor royalties.
Read Full Article
19 Likes
Minis
1y
534
Image Credit: Minis
These ultra-realistic masks of Elon Musk, Jeff Bezos & Mark Zuckerberg that cost $20,000 a piece
- Digital artist Mike Winkelmann, aka Beeple, created a surreal vision at the NFT NYC 2023 event using highly detailed silicone masks of various controversial figures.
- The masks were made by Landon Meier, a Colorado-based artist, who spent a year creating over a dozen masks for Beeple, charging between $7,000 to $20,000 for each one.
- Meier's labor-intensive process involves researching reference photos, creating designs using the graphic program "ZBrush," and then 3D printing a mold, among other steps.
Read Full Article
15 Likes
Minis
2y
1k
Image Credit: Minis
Man mistakenly destroys NFT worth ₹1 crore, loses 'a third of his net worth'
- An NFT collector, Brandon Riley, accidentally destroyed a CryptoPunk NFT that he purchased for 77 Ether, worth over ₹1 crore.
- Riley mistakenly sent his NFT to a burn address while attempting to wrap it for listing on a marketplace.
- As a result, he lost a third of his net worth in a single transaction and expressed regret over the costly mistake.
Read Full Article
11 Likes
Minis
2y
600
Image Credit: Minis
WazirX shuts NFT marketplace; here's why
- WazirX, a cryptocurrency exchange, has closed its NFT marketplace, WazirX NFT, which was launched in June 2021. The company announced the closure, citing a lack of traction.
- The closure of the WazirX NFT marketplace means that users looking to trade NFTs will have to use other platforms. WazirX is directing users to use the NFT platform OpenSea instead.
- The closure of the WazirX NFT marketplace highlights the uncertainty surrounding NFT marketplaces.
Read Full Article
8 Likes
Minis
2y
956
Image Credit: Minis
Mastercard's NFT chief Satvik Sethi resigns, citing abuse & emotional suffering
- Satvik Sethi, Mastercard's product lead for NFTs, has resigned from the company due to harassment and emotional distress.
- In his tweets, he highlighted the company's inefficiencies, including issues with poorly managed processes and miscommunications.
- He also claimed that there were instances when he did not receive pay for several months unless he petitioned across the hierarchy.
- Sethi served a three-month notice before leaving the company, which he claims was an attempt to prevent him from quitting after informing HR about his problems.
Read Full Article
26 Likes
For uninterrupted reading, download the app