There’s trouble brewing in the huddle.The beloved NFT project Pudgy Penguins voted out its founders on Thursday after they allegedly failed to deliver on stated goals and drained the treasury of funds. And now at least one splinter group is arguing that the entire project should be decentralized, potentially an industry first.Launched in July, Pudgy Penguins has become one of … [Read more...] about Pudgy Penguins NFT Project Ousts Founders as Mood Turns Icy
Mood
Cryptocurrencies Approach New Year in Positive Mood
Cryptocurrencies moved toward the year-end in a positive mood, with bitcoin – the largest by market value – adding about 3% over 24 hours and ether, the No. 2, also gaining more than 3%, CoinDesk data show.Bitcoin climbed above $48,000, the highest in three days, while ether topped $3,800, the most since Wednesday.All of the 10 largest cryptocurrencies were advancing as of … [Read more...] about Cryptocurrencies Approach New Year in Positive Mood
NFTs Are More Popular Than Ever Despite Sour Mood in Wider Crypto Market
“Google searches for ‘Non-Fungible Token’ are highest in China, followed by Singapore, Venezuela, Hong Kong and the Philippines,” FRNT Financial said. “Over the past 12 months, the two most popular related search topics are ‘apes,’ due to the Bored Ape Yacht Club Collection, and MetaMask.” Source link … [Read more...] about NFTs Are More Popular Than Ever Despite Sour Mood in Wider Crypto Market
Chinese Bitcoin miners ‘not even in the mood to drink anymore’
China, once home to about 65% of the total Bitcoin (BTC) mining hash power, has given the boot to several miners in the country.The country’s Bitcoin mining ban means miners have been forced to shut down their operations with some establishments already moving hardware overseas.Tweeting on Wednesday, Kevin Zhang, vice president of crypto mining advisory outfit Foundry, said the … [Read more...] about Chinese Bitcoin miners ‘not even in the mood to drink anymore’
Crypto derivatives market down but not out as $3B expiry sours the mood
Bitcoin (BTC) led the entire cryptocurrency market through a tumultuous period after the majority of the cryptoverse was painted red on May 19, a day now also referred to as “Black Wednesday.” BTC’s price fell below $40,000 for the first time since it blew past the resistance level on Feb. 9 on the back of the news of Tesla purchasing $1.5 billion worth of BTC while also … [Read more...] about Crypto derivatives market down but not out as $3B expiry sours the mood