On Friday, June 9, Crypto.com, the Singapore-based cryptocurrency exchange, announced the suspension of its institutional exchange services in the United States, according to a statement from the company. The decision, set to take effect starting June 21, 2023, is primarily attributed to the lackluster demand from institutional customers in the prevailing market scenario. Institutional clients,…
Web3 has no shortage of “crossover episodes,” moments in crypto art culture where projects, memes, and personalities bleed into and influence each other in significant ways. Beeple’s daily commentary on the NFT space is a good example of this, but he is far from the only influential voice turning existing trends into something fresh and…
Welcome back to Now Runway, where we report to you from the frontlines of the digital fashion and luxury revolution. 9DCC, the digital fashion house from gmoney and streetwear pioneer Jeff Staple tease out a networked product to be revealed at Paris Fashion Week. DRAUP and Nicolas Sassoon give us this week’s more affordable collector’s…
Dust Labs has just initiated the roll-out of de[id], their new Web3 ID profile platform, specifically designed for DeGods NFTs and y00ts NFTs holders. The two projects have merged their Discords in favor of this more streamlined system. Frank DeGods, Founder of DeGods, says the goal of the platform is simple: to build software that…
The fallout from the U.S. Securities and Exchange Commission’s (SEC) civil lawsuit filing against Binance, the most popular crypto exchange by volume, continues this week, with Binance.US, the American arm of the global exchange, announcing a temporary halt to all fiat withdrawals late Thursday, June 8. The exchange attributed the move, which is expected to…
Generative artist Emily Xie has teamed up with the Los Angeles County Museum of Art (LACMA) to launch her latest collection, Interwoven. Xie, best known for her generative collection Memories of Qilin, is once again using the power of code to create enchanting pieces. This collaboration between the notable artist and museum holds a unique…
Kraken, a U.S.-based cryptocurrency exchange, has announced the official launch of its NFT marketplace following the successful completion of its beta testing phase. According to a press release, the marketplace will support over 250 NFTs across multiple blockchains, including Ethereum, Solana, and Polygon. In November 2022, Kraken introduced a public beta version of its NFT…
Recent developments have emerged following lawsuits by the Securities and Exchange Commission (SEC) against two of the globe’s leading cryptocurrency exchanges. On June 5, the SEC filed a comprehensive lawsuit accusing Binance of mismanagement of customer funds and deception towards regulators and investors about its operations. The next day, the SEC leveled allegations against Coinbase…
The NFT marketplace Foundation has launched Dynamic Pricing, a new, automated feature on the platform meant to simplify pricing for creators, according to information shared exclusively with nft now. Dynamic Pricing leverages a Rebate Dutch Auction mechanism, a pricing model designed by Foundation to help creators navigate the complex and often intimidating process of pricing…
