Category: Cryptocurrency News

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Bored Ape Yacht Club Tron continues to shake the NFT market after launching its own marketplace. For a project that’s been on the market for less than two weeks, Bored Ape Yacht Club Tron is capturing quite the attention in the NFT space. This collection of 10,000 unique Bored Apes supported by Palmar Labs has launched its own marketplace, only second to the already broadly popular Tpunks. Aligned with the project’s roadmap, this marketplace was designed to be an easy-to-use tool developed for the minters of the collection to access a ‘potentially profitable’ secondary market. Tpunks, a homage to the Ethereum-based CryptoPunks, has even captured the attention of Tron founder Justin Sun, who pocketed a Joker Tpunk for $10.5 million. The marketplace has multiple filters that enable enthusiasts to sort the collection and quickly find their pieces of interest. Aside from filters such as background, clothes, and mouth shape, Bored Ape lovers can navigate the eye-catching selection by entering a precise ID number. This is a simple, yet powerful tool since many NFT collectors tend to compare the serial numbers across projects in search of super rare art pieces. And when it comes to rarity, this collection features some pretty outstanding artworks. To celebrate their launch on Tron, the project added 15 exclusive Apes featuring distinctive elements from the network as well as Justin Sun. That’s not all: the BAYCTron collection is about to be refilled with a fresh batch of Mutant Apes. Yet another great twist in the rapidly evolving relationship of the digital Tron primates and their collectors. The Bored Ape Yacht Club Tron collection is the second fastest-selling collection on Tron, with Tronmeebits keeping second place. Yet, the project hasn’t yet managed to launch a marketplace, one feature that many NFT lovers are requesting nowadays. Just like minting, BAYCTron fans can access the marketplace on the go using TronLink or Klever wallets. As of this writing, the BAYCTron collection stands in third place for the most popular collectibles in Tron network.   “Our project is about quality and reliability. We have produced thousands of high-quality BAYC for Tron and intend to support the community all the way into secondary market operations. We believe Tron offers unique settings for the development of NFTs and that’s why we are here.” said Caroline Matusso, CMO of BAYCTron. A remarkable aspect of this project is the attention they are paying to community development. From the launch of their minting on September 5, BAYCTron has managed to acquire nearly 9,000 followers on Twitter and hundreds on Telegram. “Unlike other ‘garage projects’, we take our commitments very seriously. We are working hard to answer every question, produce clear NFT tuts for our community, and most importantly — to be present every time they need us. At the end of the day, our community is everything — and they deserve the best. We are grateful for the warm welcome the Tron community has given us. It’s overwhelming,” Matusso added. BAYCT are TRC721 tokens, a new standard for non-fungible tokens on the Tron blockchain.

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Litecoin has recorded massive price movement in the past hour. The coin started to rally after Reuters had reported that retail giant Walmart would begin accepting the cryptocurrency as payment for purchases. The news broke on Monday with a press release that stated Walmart had partnered with Litecoin to allows customers to make payments with LTC. The news triggered a price surge that saw the price of Litecoin grow 30% in a single hour, breaking a three-month high of $237. Before the news broke, Litecoin has been trading in the mid-$170s at $175. News of the Walmart partnership over $60 in one hour to put it this current high. With a customer base that Walmart possesses, it is no surprise that the news triggered such a reaction from the market. Related Reading | U.K. Post Office Now Allows Users Purchase Bitcoin Through Its App Fake Press Release? The press release from Reuters has been shared widely as the news broke throughout the industry. Major crypto media outlets had reported on the news, with the official Twitter account of Litecoin also tweeting a link to the move. The press release from Reuters had featured a quote, seemingly from Walmart’s CEO Doug McMillon, which read; “Starting October 1st, all eCommerce stores will have implemented a ‘Pay with Litecoin Option’. Related Reading | Led By Litecoin, Mid-Cap Altcoins Bleed With Bitcoin In a move that has so far triggered a cascade of deleted tweets and stories, the news of the Litecoin-Walmart partnership has now been debunked. Apparently, the legit-looking press release from Reuters had been a fake press release. The sources which reported on this news have since backtracked. Litecoin’s official Twitter handle deleted the link to the news report. Community members have now moved forward to call this a cheap pump and dump scheme. The coin has dumped with confirmations of the Walmart partnership being fake, with the price returning back to previous levels before the 30% price surge. Litecoin Price Movements Litecoin has so far lost all of its gained value from the pump caused by the Walmart news. As of the time of writing, the coin had lost over $60 in a downwards correction, landing back in the mid-$170s that it was trading at before the news broke. The charts show a sharp upward and downward movement in the space of one hour. LTC price pumps and dumps with Walmart news | Source: LTCUSD on TradingView.com For a brief moment, the digital asset looked ready to test the $140 resistance point which it had not been able to break since peaking in May. The hour following the 30% price surge has seen Litecoin struggling to hold on to some of the momenta it had gained with the move. Currently trading at around $180, the digital asset is none the worse for wear following the debacle. Regardless of whether the news is fake or not, the asset has benefitted from the increased interest in it. Social media platforms like Twitter and Reddit are abuzz with the [fake] news of the integration with Walmart. The current publicity will no doubt have some positive effect on the price of the asset. Featured image from CMC Markets, chart from TradingView.com

On Monday, September 13, a press release was published by globenewswire.com and said it was connected to “Walmart Inc,” the American multinational retail corporation. Several mainstream media outlets published stories about it including Reuters, Bloomberg, and CNBC. Not too long after these reports were published, the press release saying Walmart and Litecoin partnered was verified […]

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