A Nigerian man has reportedly launched a project called “Looty” to reclaim African artifacts stolen by European colonisers by creating 3D images of them, selling them as non-fungible tokens (NFTs) and using the proceeds to fund young African artists.
Looty NFT Project Launches Digital Art Heists to Reclaim African Artifacts: Report
eBay Debuts Sports-Themed NFT Collection on Polygon, Tezos-Based ‘OneOf’
eBay’s ‘Genesis’ NFT collection on ‘OneOF’ NFT platform has marked the entry of another established company into the Web3 space. Pieces in the collection are priced as high as $1,500 (roughly Rs. 1.15 lakh). NFT versions of sports players who made it to the covers of the Sports Illustrated magazine over the years, have also been listed for sale.
RBI Governor Shaktikanta Das Issues Crypto Warning After Terra’s LUNA, UST Collapse
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency Terra (LUNA) and stablecoin TerraUSD (UST).
South Korea Police Wants Country’s Crypto Exchanges to Freeze Luna Foundation Guard’s Assets
South Korean authorities have asked crypto exchanges to freeze assets linked to the Luna Foundation Guard, KBS has reported. The development arrives after LFG faced questions over how it had spent its Bitcoin reserves amid Terra’s collapse.
IMF MD Kristalina Georgieva Suggests People Not Abandon Crypto After Terra’s Brutal Crash
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF) has asked crypto investors to not abandon virtual assets after Terra’s recent downfall. While calling out global lawmakers to regulate cryptocurrencies, she asked investors to fund stablecoins backed by reserve assets. Georgieva has also emphasised on imparting knowledge around cryp…
GameStop Launches Crypto Wallet, NFT Marketplace Integration to Come Soon
GameStop’s self-custodial Ethereum wallet extension, which can be downloaded from the Chrome Web Store, will allow customers to store, send, receive, and use crypto and NFTs across decentralised apps without having to leave their web browsers.
French Luxury Fashion Label Balenciaga Lists BTC, ETH as Payment Alternatives to Fiat, Cards
French high end fashion brand Balenciaga has decided to make crypto payments live in its US-based flagship stores starting this June. The brand says it is unfazed by the market volatility that the crypto sector is often called out for. Balenciaga, on the other hand, is looking to expand its payment alternatives in order to cater to people comfortable purchasing their …
Bitcoin in Week 9 of Crypto Winter, But Can’t Shake the Chills: Report
The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months.
BTC, ETH See Minor Losses as Crypto Price Charts Indicate at Dips for Major Altcoins
The cryptocurrency market has yet to recover from recent losses. As May 2022 inches closer to its end, Bitcoin, Ether, Cardano, Solana, and Polkadot saw losses. Only some stablecoins, and surprisingly so, memecoin Shiba Inu managed to garner profits.
Not Your Keys, Not Your Coins
Recently, Coinbase crypto exchange, said in an SEC filing that in the event of a company bankruptcy, people holding crypto assets on its platform could lose direct claims to their ownings. Here we explore the types of crypto wallets that are available as alternatives to storing your crypto assets with centralised exchanges.