Andreessen Horowitz may soon invest in Bored Ape Yacht Club NFT
In the last couple of months, several investors including musicians, athletes, and celebrities alike have invested in the Bored Ape Yacht club NFT. According to a recent Financial Times story, the firm behind one of the most prominent NFT collections, ‘Bored Ape Yacht Club ,’ may soon get a large investment from popular VC Andreessen Horowitz. Bored Ape Yacht Club is set to hit a mega deal Yuga Labs, the inventor of Bored Ape, is apparently in negotiations with a16z about a fresh fundraising round that […]
Nike takes illegal NFT sneaker vendor to court
The NFT sneakers that prompted the lawsuit against StockX are still available online. Nike has kicked off the “licensed NFT” warfare by suing an online reseller named StockX for trademark infringement or the sale of unauthorized nonfungible token (NFT) footwear. Nike vs StockX According to Reuters, Nike has filed a lawsuit against the reseller in […]
Bitcoin Trading Volume Plummets Again After recent price increase
Earlier this week, the Bitcoin trade volume increased as the cryptocurrency’s price fell below $40,000. Bitcoin trading volume drops precipitously after a brief surge According to Arcane Research’s most recent weekly analysis, BTC trade volume has lately dropped sharply and is now returning to “normal” levels following the previous rise. The “daily trade volume” is an on-chain […]
5 musicians you never knew joined the NFT craze
The NFT craze is becoming widespread and has got a lot of people talking. Several artists, as well as celebrities, have been caught by the NFT wave, and from all indications, many are set to join. Over the last 3 months, we’ve seen a wave of artists as well as musicians, footballers etc joining the […]
Russia’s Finance Minister Suggests Allowing Banks to Sell Cryptocurrencies
Unlike the Bank of Russia, Siluanov Russia’s Finance minister believes banks may be licensed to provide crypto exchange services. According to Russian newspaper Kommersant, Russian Finance Minister Anton Siluanov repeated the ministry’s stance on regulating rather than prohibiting cryptocurrency and urged allowing cryptocurrency trading through banks in a letter written to Prime Minister Mikhail Mishustin […]