Non-fungible token marketplace OpenSea is headed for its highest volume month ever, indicating NFTs may be one sector of the cryptocurrency economy that has decoupled from bitcoin’s price drop.For the first half of January, OpenSea has generated nearly $2.7 billion in volume, which is on track to surpass the $3.4 billion high it notched in August, according to data from Dune … [Read more...] about OpenSea on Track for Record Month as NFT Sales Boom
Month
China-Backed BSN to release infrastructure this month to support NFTs: Report
China-backed Blockchain Services Network will introduce infrastructure this month to support NFTs that have no link to cryptocurrencies, which are banned in China, the South China Morning Post reported on Thursday.He Yifan, chief executive of Red Date Technology, which provides technical support to BSN, told the SCMP that non-fungible tokens “have no legal issue in China” as … [Read more...] about China-Backed BSN to release infrastructure this month to support NFTs: Report
Bakkt to Go Public Next Month After SEC OKs SPAC Plans
Bakkt Holdings and VPC Impact Acquisition Holdings (VIH) have received approval from the U.S. Securities and Exchange Commission to complete their merger and push forward with plans to operate as a single publicly traded entity, the companies said in an announcement Friday. Source link … [Read more...] about Bakkt to Go Public Next Month After SEC OKs SPAC Plans
El Salvador Buys 21 Bitcoins on 21st Day of Last Month of 21st Year of 21st Century
BusinessIn announcing the purchase on Twitter, President Nayib Bukele also noted the country’s land area is 21,000 square kilometers. By Eliza GkritsiDec 22, 2021 at 9:10 a.m. UTCUpdated Dec 22, 2021 at 4:33 p.m. UTCEl Salvador (Esaú González, Unsplash) Source link … [Read more...] about El Salvador Buys 21 Bitcoins on 21st Day of Last Month of 21st Year of 21st Century
Riot Blockchain Raises 2022 Hashrate Guidance for Second Time in a Month
One of the largest bitcoin miners, Riot Blockchain (RIOT), raised its 2022 guidance for its mining power to 9.0 exahash per second (EH/s) from the previous forecast of 8.6 EH/s, marking the second increase to its 2022 guidance within a month.Riot attributed the increase to the purchase of 3,000 of Bitmain’s latest mining machines, the S19XP, which are expected to be delivered … [Read more...] about Riot Blockchain Raises 2022 Hashrate Guidance for Second Time in a Month