NFT volume drops in June, but first-time buyers remain consistent
The numbers behind the market’s initial bearish cycle are brought into sharp focus by Nansen’s NFT analysis. The nonfungible tokens (NFTs) market dynamics and quantitative performance over the past three months are displayed in Nansen’s NFT Indexes Report for the second quarter of 2022. The primary drivers of the well-documented NFT bear market are identified […]
UK Treasury Committee launches investigation into cryptocurrency sector
The public has until September 12 to provide evidence, which the Treasury committee may consider in its report to parliament on the risks and opportunities associated with cryptocurrencies and distributed ledger technologies. The Treasury Committee of the UK House of Commons has requested information from the general public regarding the risks and opportunities associated with […]
Co-founder of 3AC returns to Twitter, accuses liquidators of “baiting”
The tweet elicited a variety of responses from the community, many of whom accused the co-founder of 3AC of assigning blame while his whereabouts were unknown. After almost a month of silence, Su Zhu, co-founder of the Singapore-based crypto venture capital firm Three Arrows Capital (3AC), returned to Twitter. He accused liquidators of luring them […]
Korean fintech firm to generate 10,000 Web3 jobs despite bear market
An estimated 500 new firms specializing in NFTs and the Metaverse will be created by the South Korean fintech company Dunamu, which will operate offices in key cities. In order to create roughly 10,000 new Web3 employment over the next five years, Dunamu, a significant South Korean fintech company that runs the cryptocurrency exchange Upbit […]
Three Arrows Capital to seek appropriate sanctions over legal filings
The attorneys for the founders of Three Arrows Capital (3AC) have criticized the court filing as disappointing and charged the creditors with luring their clients. Following a brief lull on social media, Three Arrows Capital (3AC) co-founder Zhu Su stated that their “good faith” to work with the hedge fund’s liquidators was “received with taunting.” […]