Category: Cryptocurrency News

The founder of the Tron network, Justin Sun, has bought a Joker-inspired artwork by Bored Ape Yacht Club Tron (BAYCTron), one of the first and most popular NFT collections on his blockchain today. The price tag? A stunning 150,000,000 TRX or $15 million. With this transaction, the artwork BAYCT #6666 takes first place as Tron’s most expensive NFT sale to date. A position previously held by another Justin Sun purchase — the Tpunk #3442, which sold for $10,5 million in August 2021. Ironically, his Tpunk was also inspired by the Joker Movie of DC Comics.   Crypto Punk #NFT became the most expensive @Twitter avatars worth $10M! But today, the world record has been renewed again. I bought a new Ape avatar with $15M worth of #TRX today! After all, the art of the #NFT avatar is the new artistic showcasing for our generation. https://t.co/Jmam6rv2Xb — Justin Sun 🅣🌞 (@justinsuntron) November 30, 2021 The Chinese-born, 31-year-old tech billionaire is a deep believer in the digital art space and, particularly, the use of non-fungible tokens as key enablers of its development. Justifying his latest acquisition, Sun wrote on Twitter: “After all, the art of the #NFT avatar is the new artistic showcasing for our generation.” While this sudden move by Justin Sun took the BAYCTron community by surprise, it is widely known that this collection has been among the entrepreneur’s favorites alongside Tpunks and Tronmeebits. The purchased Joker artwork is part of a 10,000 NFT collection released on top of the Tron network earlier this year, and that sold out in just under 72 hours, becoming one of this blockchain’s fastest-selling collections. The TRC-721 artworks are an homage to the original Ethereum Bored Ape collection but incorporate a series of exclusive pieces featuring visual elements related to Tron and Justin Sun. “This purchase sends a strong message – the Tron NFT landscape is here to stay. This network offers great advantages for artists to run their collections, such as low fees and strong community and network support. We are delighted to hear about Justin’s purchase and expect other minters of our collection will also benefit from the growing secondary market activity in the coming months,” said BAYCTron CMO Carolina Matusso. This collection also got the attention of APENFT Foundation; a world-class curatorial group focused on identifying and providing support for prospective artists across multiple blockchains, including Tron and Ethereum. In September, APENFT and BAYCTron have signed a strategic partnership to incentivize the development of the project. 🥳🥳Pleased to announce we have established strategic cooperation with @BAYCTron which becomes another TRON NFT project after Tpunk and Tron Meetbits. It is the first public support object since APENFT announced the establishment of NFT Special Fund. @Tronfoundation @BitTorrent pic.twitter.com/CrQyDCy408 — APENFT (@apenftorg) September 22, 2021   The efforts of APENFT seem perfectly aligned with BAYCTron’s plan. The curatorial organization and Tron Foundation have recently established a $100 million fund to support emerging NFT projects and digital artists in this network. Mutant Apes Gain Traction Among Collectors With direct support from Justin Sun and the strong Tron community, the minting of the BAYCTron Mutant Apes collection is rapidly picking up. As of this writing, the excentric and vibrant Mutants are 35 percent minted. The new collection is not less exciting than the first. The Mutants include distinctive versions of the Joker, Harley Quinn, Kill Bill, and even Justin Sun. Collectors can still mint Mutant Apes for a fixed cost of 1000 TRX (~ $100) in the hopes that this new collection replicates the same luck as the original Apes.

The popularity and influence of digital assets keep surging as different sectors keep sticking to them. Among other mainstreams involved in cryptocurrency, the sporting portals and industry as a whole are not left out. Recently, S.S.C. Napoli, an Italian football giant, signed a Floki Inu (FLOKI) token sponsorship deal. This deal will enable the cryptocurrency to feature its logo on both the team’s jersey and stadium. Founded in 1926, S.S.C. Napoli is among the prominent and leading Italian professional teams. In 1987, Diego Maradona, the legendary football icon, led the team to its first victory in Serie A title. Presently, the group maintains the first position in the 2021-2022 league session. The route of Floki Inu in football partnership with clubs has a similar trend as that of FTX, a top crypto exchange. The latter made numerous partnership involvements with sporting clubs this year. Related Reading | Bitcoin Mining Firm Argo Blockchain To Raise $57.5M Via Senior Notes Offering Through this recent sponsorship deal, Floki Inu just included Napoli to its football clubs’ list. The Cadiz in Spanish La Liga and the Kerala Blasters in the Indian Super League are other clubs on the list. Also, earlier in the month, Floki Inu completed an endorsement deal with Tyson Fury, a boxing star. The terms included a promo to feature the two-time world heavyweight champion in Floki’s upcoming NFT play-to-earn game, Valhalla. FLOKI trading in the green | Source: FLOKIUSDT on TradingVieew.com An announcement from the football team on Tuesday disclosed the featuring of the Floki Inu logo at the back of the team’s jerseys. Also, some LED signs within Napoli’s home stadium will display the logo, serving as a reminder of the ongoing league session. The logo will comprise a Shiba Inu dog that wears a Viking helmet. One of Napoli’s supporters, Jay Cassano, expressed his excitement about the sponsorship and the club’s involvement with cryptocurrency. He mentioned that such partnerships create the right pathway for increased mainstream adoption of cryptocurrency. He recalled the recent interest from some crypto firms on sports teams.  Floki Inu Sponsorship Terms Still Unknown There’s still no disclosure of Napoli specifying if the sponsorship is a multi-year deal. Also, the amount that Floki Inu invested in the deal is still unknown. However, the marketing department of Floki Inu acknowledges in the announcement the company’s move as part of the project’s goal. This was to push the cryptocurrency as the global most used and known digital asset. Since last September, the Floki team has maintained a high marketing push for the project’s promotions. The team has about $1.5 million in allocations for its campaigns on adverts. Related Reading | Bitcoin Mining In The U.S.: 4 States Attract The Most Miners One of its key target locations is London, as it features its branding through several transportation services within the city. However, the advertising move created controversies by attracting the Advertising Standards Authority (ASA), the country’s advertising regulatory agent. BBC’s Friday report revealed that ASA had commenced a review of Floki’s ads. This will help the watchdog to ascertain if the firm broke any advertising rules. On its part, the Floki Inu team insists that its ads had legal clearance with disclaimers. Featured Image GameRevolution

I noticed that some sellers/traders that accept ETH require the customer to have his ETH wallet with a thirty party, from the list of third parties they support. Why is that? The way I see it all they would need from the customer is his ETH account number to which they could deposit funds or…
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I have had this question since I live in a country with no Crypto taxes. Considering what the Politicians, the SEC and the bankers say about Cryptocurrencies, it should be pretty clear that Cryptocurrencies hold NO value whatsoever. They consider it to be a worthless and useless asset. If that's true, then why do people…
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The month of November showed a decent participation. 14 authors have pushed to master and all branches of EIPs repository. Follow the monthly report on EIPs highlighting the updates to the EIP process – https://hackmd.io/@poojaranjan/EthereumImprovementProposalsInsight/https%3A%2F%2Fhackmd.io%2F%40poojaranjan%2FEIPsInsightNovember2021 Summary New EIPs EIP-3770: Chain-specific addresses EIP-4444: Bound Historical Data in Execution Clients EIP-4396: Time-Aware Base Fee Calculations Changes to…
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A blockchain project 4JNET gained huge attention long before the launch is broadcast live. 4JNET which is referred to as the “Pinnacle of Fairness” in today’s DeFi industry has opened door to the crypto community by introducing its first offering, the 4JNET DEX. It accompanies the fair launch of the project’s native 4JNET tokens enabling the enthusiastic community to start trading against BNB, with support for other cryptocurrencies in the pipeline. Community Response Many Defi projects are supposed to qualify on the principles of openness, transparency and fairness unfortunately not every project follows the principles. Following the launch, the project received a great response as community members actively participated in 4JNET/BNB trades. The price of tokens is rapidly increased by 388% within a couple of hours, signifying the potential for growth in the near future. The DEX Introducing the DEX is the first step of the 4JNET team towards forming a robust ecosystem. The project is actively working on creating its Metaverse system which approximately launch on February 2022. NFT solution is the key of Metaverse it allows starting with NFT minting, marketplace, currency and NFT swaps, deposit and withdrawal of digital assets and a lot more to create an end-to-end ecosystem. NFTs in 4JNET Non-fungible Tokens (NFTs) play a prominent role in the 4JNET ecosystem, starting with the unique token distribution model which involved the early sale of 5000 limited edition NFTs to the community. The NFTs, referred to as 4Jpass are more than just a digital representation of some art. It is a full-fledged financial instrument that plays a crucial role in the development and expansion of the 4JNET ecosystem. The 4Jpass holders are the important stakeholders of the project. They are not only receiving a 30% share of the 4JNET tokens but also possess authority in the upcoming Metaverse system. The 4Jpass holders, by registering their identity gain permission for setting competence on the metaverse and participate in transactions without any upper limits. The NFT holders also enjoy discounted fees throughout the ecosystem. 4JNET Fair Launch The tokenomics of 4JNET makes it stand apart from the rest, also makes the tokens more valuable than its peers. With the project development team having no stake in the ecosystem, a total of 200 billion tokens is distributed among the community over a period of time. 4JNET will distribute 50% of the entire supply to LP, 30% to NFT holders and another 10% through airdrops while the remaining 10% will be burned to regulate the supply. The token distribution combined with an initial handling fee of 90% on transactions which gradually reduced to 10% over a short time. Additionally, it ensures everyone gets an advantage in terms of price whether one entering early or late. Further adding to its fairness, the project holds a valid MSB license and has undergone a thorough security audit by CertiK, a reputable blockchain security solutions company. The Community Always Comes First for 4JNET 4JNET is the result of a collective effort by a group of developers and other domain experts from some of the leading tech MNCs in the world. As they turn their vision of a fair and just DeFi platform a reality, they are supported by a strong community that also shares their principles. A combination of the solid roadmap, strong tokenomics and a highly capable team has undoubtedly made 4JNET is a project with huge growth potential. These factors have made 4JNET tokens and NFTs are the most sought-after digital assets. It has created a huge demand among crypto investors wishing to grab a share of the project tokens as early as possible. While it is a great thing for the project as it further increases its chance of becoming a gamechanger in today’s DeFi and Metaverse industry, it has also led to a few unscrupulous actors trying to take advantage of the situation. Recently, a group of such actors impersonating 4JNet developers defrauded the community of over $100,000 by creating a fake 4JNET token and selling it on PancakeSwap. They later burnt the LP, leaving a group of trusted investors poorer. While the 4JNET team didn’t have anything to do with it, they decided that it is ethical for them to compensate these victims by initiating appropriate actions. Once notified about the unfortunate incident, the 4JNET team has decided to raise a request for the fraud account to be frozen. It is also working on the possibility of getting refunds for the victims through BSCscan – the leading BSC validator to minimize their losses. A Warning to 4JNET Investors Considering the recent fraud where the fraudster(s) sent their personal wallet address over Telegram and SNS to trick investors into sending funds for project tokens, a 4JNET team representative said, “The 4JNET team will do everything possible to avoid the recurrence of this incident and reiterate that the 4JNET team will not ask investors to pay in their own name. I hereby warn you that all the information is based on the official website and official Telegram. The group shall prevail.” Crypto investors and community members are requested to verify all the information through official sources before making any transactions. It will help safeguard themselves from falling victims to such frauds, which unfortunately is quite prevalent. The contact address for 4JNET and 4Jpass NFTs is listed prominently on the project’s website 4JNET Contract: 0xbfb1a68962Fb4ED040FD3a0a71dC2C2015BCc667 4Jpass NFT Contract: 0xc942CEee2D86E3e066Ac1f97044E911ced2fe314 If in doubt, the community members are requested to reach out to the team over Telegram or email to verify the authenticity of any messages regarding 4JNET. Buy 4JNET token at – https://www.4j.net/en/exchange

I've started to explore with the etherscan API and noticed something that made me curious: why was there 0 transactions on the mainnet in the first 46146 blocks? Link to the block with the first ethereum tx ever: https://etherscan.io/block/46147 . Was this a testing period or something? I know of course that ethereum wasn't as…
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ETFs have been trading in the United States, Canada, and some other countries for a while now. These ETFs have made strides so far with high volumes traded in throughout their existence in the market. However, none of these ETFs have offered mostly dividends to their investors. An asset management firm in Canada has now made history as the first to offer a monthly yield to those invested in its ETF. Edging Towards The Future Purpose Investment has first made headlines in February when it created the first North American ETF that tracks the price of Bitcoin. This time around, the investment firm has made another stride in becoming the first to launch an ETF that pays monthly yields to investment. This puts Canada at the front of the race when it comes to crypto ETFs and the purposes which they serve. Related Reading | Market Analysts Explain Why This Correction Is Good For Bitcoin The Bitcoin and Ethereum ETF will offer investors monthly yields using a derivatives-based covered call strategy. Like the ETFs, the strategy is another first of its kind in the crypto market. The annual yield of the ETFs is also attractive according to estimates. Market experts explained that although there is no way to guarantee what the amount would be each month, it is expected to be the equivalent of 8% to 10% annual yield, with 1.10% going to the firm as a management fee. BTC trending south of $57K | Source: BTCUSD on TradingView.com Canada is ahead of the U.S. in the ETFs market and currently has approved Ethereum ETFs whereas the latter is still yet to approve its first Ethereum ETF. Both Bitcoin and Ethereum ETFs offered by Purpose Investment will pay out similar yields and are classified as income in non-registered accounts. ETFs Making Waves ETFs have offered investors a way to get exposure to the cryptocurrency market without having to purchase any of the digital assets themselves. The anticipation for their approval shone through with the first-ever Bitcoin ETF approved in the United States, the ProShares Bitcoin Futures ETF, which saw over $1 billion in trading volume after the first day. Related Reading | Over 1 Milllion ETH Has Been Burned Since Ethereum EIP-1559 ETFs, however, do not shield investors from the highly volatile nature of the market. For the Purpose Investment ETFs, investors are shielded to a certain extent by these fluctuations. They will enjoy the benefits of monthly yields, but will also see limited capital gains compared to those who do not for this reason. “Given the connection between the volatility of the underlying asset and premiums, covered call strategies on cryptocurrencies offer unique exposure to a unique asset class, providing investors a high yield without sacrificing significant price participation.” – Vlad Taveski, COO & Head Of Product, Purpose Investments Tasevki told “Yahoo Finance Canada” that investors are allowed to choose if they wish to earn these monthly yields on their investors. It is a way to generate short-term income using covered calls on assets which they believe in. Featured image from Investment U, chart from TradingView.com