Author: Kryptonews

At least 1,000 paintings that the artist Damien Hirst said were “made in 2016” were created several years later, the Guardian can reveal.Hirst produced 10,000 of the paintings, each comprising colourful hand-painted dots on A4 paper, as part of a project called The Currency that was born from the idea of creating a form of money from art.The year 2016 was inscribed on the works beside the artist’s signature. Hirst and the authorised seller of the paintings repeatedly said the physical works were created in 2016.When they went on sale in 2021, in a high-profile event at which buyers were…

Terrill Dicki Nov 16, 2022 16:00 Red Bull Racing’s cars will feature a nonfungible token (NFT) on their livery in what is being called a first in F1. Lei the Lightning Azuki, an NFT artwork and character from the anime-inspired Azuki collection, will represent the team. The NFT team of Red Bull Racing is now in the driver’s seat for the last race of the season. Red Bull Racing will continue the trend of cryptocurrency and blockchain technology companies playing a significant role in Formula 1 by imprinting a nonfungible token (NFT) on…

Non-fungible token (NFT) marketplace OpenSea regained its position as the leading platform for digital collectible trading, even as overall market activity declined.Data tracker NFTScan shows that OpenSea has held the top spot in NFT marketplace trading volume for the last 30 days. According to the data, OpenSea holds more than 40% of the market’s trading volume, while Blur, its largest competitor, is at 23%. NFT platform Magic Eden has a 7.69% market share, while OKX NFTs have a 5% market share. The data tracker also shows that in the last month, almost 70% of the wallets transacting with NFTs engaged with…

Gaming tokens have seemingly been on the sidelines since the 2021 crypto boom. In fact, data from SoSoValue shows that they were the worst-performing crypto basket over the last 12-month period, enduring a 62% drop in the period, compared to a 174% rise on PayFi tokens.However, under the Trump administration’s crypto-friendly stance, it might be changing.Gala Games—a blockchain-based gaming platform—says it became the first crypto gaming company to partner with the White House, bringing a Web3 game Easter Egg Hunt to the 2025 Easter Egg Roll. White House official X’s account also mentioned on the social media platform about the…

The pioneering force in the Web3 landscape, Void 2122, seamlessly gears up blockchain technology to spearhead tactical card battles. Starting October 31, NFTs will take these gaming adventures to the next level!   As Void 2122 embarks on its second year, the turn based strategy card game marks a trail toward an enticing endeavor: ‘Void Connect’. Players can command their troops and partake in thrilling battles for loot and ranking. Driven by a team of passionate Web3 enthusiasts inspired by The Gathering and Pokémon, Void’s adventures go beyond financial gains. The aim is to craft an ardent user base built on…

26Cryptocurrency exchange Bybit has announced that it will end its non-fungible token (NFT) operations by April 8, 2025. The company shared the news through a statement on its official website on April 1, advising users to manage their assets before the shutdown date. This closure will affect its NFT marketplace, as well as the Inscription Marketplace and IDO product pages.While the company did not provide specific reasons for the discontinuation, it follows a trend seen across the industry. In recent months, several other companies have made similar moves in response to market conditions. One example is X2Y2, a well-known NFT platform, which…

11A non-fungible token (NFT) trader could face up to six years in prison after admitting he underreported nearly $13 million in income from selling CryptoPunks.According to a statement released by the U.S. Attorney’s Office for the Middle District of Pennsylvania on April 11, Waylon Wilcox, 45, pleaded guilty to two counts of filing false individual income tax returns.Federal prosecutors said Wilcox failed to report more than $8.5 million in income on his 2021 tax return. This resulted in an unpaid tax bill of about $2.18 million. He also underreported nearly $4.6 million in income on his 2022 tax return, lowering his…

The search for the leading new crypto presale is heating up, and investors are scrambling to secure their spot in projects with high potential before prices skyrocket. As fresh opportunities roll out, a few standout names are dominating conversations. From major price rollbacks to unique utility-driven ecosystems, these presales are shaping up to be the year’s biggest opportunities. Here’s a closer look at the hottest projects investors are rushing to join right now.1. BlockDAG: The Presale Powerhouse with Record GrowthBlockDAG is creating serious FOMO in the crypto community. Entering presale batch 27, BlockDAG has rolled back its token price to an…

What Happens When a $100M+ NFT Project Goes Dark — And Leaves Holders Hanging Update: The issue occurred because RTFKT was using a lower-tier Cloudflare service that couldn’t adequately support video hosting, which led to image disruptions. The technical director later announced that the CloneX and Animus collections were being moved to the decentralized storage platform Arweave. The NFT images have since been restored, and the Cloudflare service is scheduled to be discontinued at the end of this month. In the golden age of NFT mania, few projects shone brighter than CloneX, a sleek, futuristic collaboration between RTFKT Studios (later…

The digital realm buzzes with anticipation as Bitcoin enthusiasts gear up for an event that occurs roughly every four years: the Bitcoin halving. This pre-programmed event is integral to Bitcoin’s design and significantly impacts its supply, price dynamics, and the broader cryptocurrency ecosystem. Understanding what it is and why it matters is crucial for anyone interested in Bitcoin or the future of digital finance.## What is Bitcoin Halving?At its core, Bitcoin halving is the process of reducing the reward given to miners for validating transactions on the Bitcoin blockchain by 50%. Miners are the backbone of the Bitcoin network, responsible…