Day: March 25, 2021

Nifty’s Wants to Bring Social Media to NFTs

The NFT boom has yet a new twist: social media. Nifty’s, which is led by NBA’s former SVP of new media Jeff Marsilio, is creating an NFT-focused social media platform. Members will be able to create, collect, and display all sorts of NFTs under one community.  Nifty’s recently closed pre-seed round secured support from Mark …

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ETH Fundamentals Improve Despite Correction

As prices retrace across the board in crypto, it is helpful to analyze fundamentals and assess to what extent have prices and fundamentals changed. Leveraging key on-chain indicators from IntoTheBlock, it is evident that Ethereum’s demand and store of value proposition continue to grow, unaffected by the recent price volatility.  Ethereum’s fees have been notoriously …

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Record Bitcoin Options Expiring Putting Presssure on Price

The highest amount of Bitcoin options ever is set to expire this Friday, which might put some temporary selling pressure on the largest cryptocurrency. $5.5B in options contracts come due tomorrow, according to derivatives data platform Bybt. Options are investment contracts which give traders the right but not the obligation to sell or buy a …

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The Betrayal of Cashing Out

After a New Yorker profile on Beeple revealed that the NFT-megastar converted $53M worth of ETH into USD from the sale of his record-breaking “Everydays: The First 5000 Days,” some members of the crypto community seemed to feel betrayed. Betrayal “Beeple rugged us like a 2017 ICO scam,” said EthHub co-founder Anthony Sassano in a …

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