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May 2022

Yuga Labs’ Otherdeeds Sold Out as the Startup Cashes in Over 0M

Yuga Labs’ Otherdeeds Sold Out as the Startup Cashes in Over $320M

Yuga Labs, the blockchain startup in charge of the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection and ecosystem has made history yet again with the successful sales of Otherdeeds, the gateway to the Otherside metaverse announced back in March. Drawing on the minting price of $305 ApeCoins (APE), and the total 55,000 Otherdeeds up for […]

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ApeCoin Drops, Ether Trades Flat Despite Record 0M Gas Burn

ApeCoin Drops, Ether Trades Flat Despite Record $200M Gas Burn

Over 71,000 ether were burned on Sunday amid demand for a new NFT project. But that did little to affect ether prices as the broader market traded flat. ApeCoin (APE) prices slid as much as 11% on Monday in an otherwise flat crypto market after a much-awaited non-fungible token (NFT) project was sold for APE over the

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Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem

Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem

Shark Tank star Mark Cuban has come up with a way to solve Twitter’s spam problem using the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it is “not a bad idea.” Twitter recently accepted Musk’s buyout offer. Elon Musk Optimistic About Mark Cuban’s Dogecoin Idea Tesla CEO Elon Musk has

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Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception about

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HOW BITCOIN FIXES THE IMPACT OF ILLEGAL GOLD MINING IN THE AMAZON

HOW BITCOIN FIXES THE IMPACT OF ILLEGAL GOLD MINING IN THE AMAZON

Illegal gold miners will cease their operations when gold is no longer as valued as bitcoin, solving the destruction of ecosystems in the Amazon. Puerto Maldonado in Peru’s Madre de Dios province feels like a frontier town. Dusty streets, ramshackle buildings, new construction and the hustle and bustle of people who want to make it.

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Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

AVAX is trading below $65, but the network’s large DeFi ecosystem and DApp use are reflective of its strong fundamentals. Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its

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BAYC Team Raises 5M With Otherside NFTs, Clogs Ethereum

BAYC Team Raises $285M With Otherside NFTs, Clogs Ethereum

The virtual land rush for the ape-centered metaverse project has already cost traders more than $176 million in fees alone. After much ado, Yuga Labs held its long-awaited digital land sale on Saturday evening – a public debut for its “Otherside” metaverse project. While the resulting land rush generated roughly $285 million for the company, it also

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Web3 Running App STEPN Launches NFT Sneakers with STEPN

Web3 Running App STEPN Launches NFT Sneakers with STEPN

Move-to-earn Web3 running app STEPN has partnered with ASICS to release a limited edition of “STEPN x ASICS NFT Sneaker” Mystery Box Collection. The NFT sneakers collection was launched exclusively on the Binance NFT Marketplace and hosted on the BNB Chain. The collection has been co-branded by STEPN and ASICS. Over 195,000 participants and subscribed

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Elon Musk sold around .4 billion worth of Tesla shares this week as he moved to buy Twitter

Elon Musk sold around $8.4 billion worth of Tesla shares this week as he moved to buy Twitter

KEY POINTS Elon Musk sold roughly $8.4 billion worth of Tesla shares in the days following his bid to take Twitter private, according to filings with the Securities and Exchange Commission. The bulk of the CEO’s sales were made on Tuesday, the filings showed. Tesla shares fell 12% that day, but edged higher on Wednesday

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