NFT Mogul Transfers Millions of NFTs to Support Binance
Machi Big Brother announced the transfer of their BAYC and MAYC NFTs to Binance in a move that surprised the cryptocurrency community. In response to recent legal actions taken by the US Securities and Exchange Commission (SEC), the Binance community intended the action to demonstrate its support. NFT Whale Supports Binance According to Etherscan, Machi […]
UAE Central Bank Tightens AML Rules for Virtual Assets
The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidelines for financial institutions that deal with virtual assets, such as cryptocurrencies and non-fungible tokens (NFTs). The new guidance aims to enhance the regulatory framework and combat money laundering and terrorist financing in the rapidly growing sector. Strengthening the Regulatory Framework The new […]
Prada, The Hundreds Embrace NFTs With On-Chain Rewards
Prada’s viral tank top joins the brand’s Timecapsule non-fungible token collection, while The Hundreds joins brands trialling on-chain e-commerce. Prada will launch its thirteenth limited-edition Timecapsule Collection on June 1, featuring a floral-patterned version of its popular tank top that debuted on the fall ’22 runway The tank top, made of jacquard terry cloth fabric […]
Nike’s NFT Sneaker Sale Faces Delays
Nike’s first collection of virtual sneakers, Cryptokicks, has sold over 66,000 NFTs so far, but technical and traffic issues have marred the launch. The sportswear giant Nike has entered the NFT market with its first collection of virtual sneakers called Cryptokicks. The collection comprises 106,453 NFTs, including one the artist Takashi Murakami designed. The price […]
Twitter User Self-incriminates In BAYC NFT Theft
The Owner of a certain Bored Ape Yacht Club (BAYC) NFT faced a strange web3 crime and self-custody ordeal after losing and reacquiring their digital ape. BAYC is a collection of 10,000 unique digital apes on the Ethereum blockchain. Some apes are rarer and more valuable than others due to their distinctive traits and characteristics. […]