Digital artist Beeple smashed his own record for an NFT sale and in the process created even more headlines for himself and NFTs after his 13-year epic artwork, Everydays - The First 5000 Days, sold for an astonishing $69 million at Christie’s yesterday. Here’s a collection of what the world said about the sale.
ICOs raised just $95 million in 2020, the lowest total since 2015, in a sign that the crypto world has matured from the fundraising method that has ushered in two years of retrospective regulatory action. ICOs raised a whopping $21.62 billion in 2018 in the aftermath of the 2017 crypto boom, where flipping them for quick profits was a major part of the moneymaking process for those involved. There are however a number of reasons why ICO investment has decreased in the two years following this explosion, while the picture for 2021 looks equally bleak.
Read the full article at FullyCrypto: https://fullycrypto.com/ico-fundraising-down-20-billion-from-2018
Bittrex and Poloniex, two of the exchanges at the heart of a cryptocurrency market manipulation case, have submitted to have the case thrown out.
Read the full article at FullyCrypto: https://fullycrypto.com/bittrex-and-poloniex-try-to-get-manipulation-case-thrown-out
You’ve finally decided to listen to the proof of keys movement and get your crypto off of exchanges and into your own hardware wallet, but then it goes missing. We’ve all been there at one time or another, even if it’s just a scare after you misplaced your hardware wallet.
Read the full article at FullyCrypto: https://fullycrypto.com/what-happens-if-i-lose-my-hardware-wallet
Estonia has been further linked to cryptocurrency frauds through its controversial e-residence program, three months after it was revealed that hundreds of crypto license-holding companies were using the country as a base to conduct illegal operations. A Bloomberg report shines a harsher light on the practices that have been adopted by criminal gangs since the e-residence program came into being in 2014, with registrants continuing to conduct scams outside the country.
Read the full article at FullyCrypto: https://fullycrypto.com/estonia-e-residence-has-facilitated-large-scale-crypto-scams
The CEO of Microstrategy, the company that has converted some $400 million of its assets into Bitcoin, has said that the cryptocurrency doesn’t need to operate as a medium of exchange in order to fulfil its potential. Michael Saylor, whose company hit the headlines last month when it bought ₿38,250 as a hedge to the dollar, said that the cryptocurrency compared with stocks, gold, and real estate, none of which can be used to buy everyday items either. His attitude reflects a gradual shift in Bitcoin’s use case, which has been shaped by global events as much as the technology itself.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-neednt-be-medium-of-exchange-microstrategy-ceo
Cryptocurrency adoption is being led by developing countries, with Ukraine being the biggest adopter of the new technology, according to a new report by Chainalysis. In a study that took a number of metrics into consideration in order to reflect actual usage of digital assets, the likes of China and the U.S. fare worse than Ukraine, Russia, and Venezuela in terms of genuine cryptocurrency adoption, although they do have many more large holders of cryptocurrency.
Read the full article at FullyCrypto: https://fullycrypto.com/cryptocurrency-adoption-led-by-ukraine-chainalysis
An Ethereum 2.0 node tester has explained how the practice “ended in failure”, in a warning to developers that they are some distance away from achieving their goals.
Read the full article at FullyCrypto: https://fullycrypto.com/ethereum-node-tester-describes-operational-failure
Coinsquare has had a torrid second half of 2020 and it could be about to get worse – the Canada Revenue Agency (CRA) is seeking a court order to force the exchange to hand over user and account details going back to 2013. The National Post reported over the weekend that in September the CRA submitted a filing to the country’s federal court demanding that the Toronto-based cryptocurrency exchange hand over certain information about all its customers for the last seven years, news which will send a shiver down the spine of many early cryptocurrency traders.
Read the full article at FullyCrypto: https://fullycrypto.com/coinsquare-faces-court-order-over-historical-user-data
Trading on Uniswap can be a challenging time for beginners, and even those used to traditional exchanges. Uniswap has no orderbooks or buy/sell order placement features, meaning that you need to babysit your tokens and manually sell them whenever they hit your target. However, with such low liquidity and no visible buy/sell orders, a rapid amount of action can push the token dramatically in one direction or the other, so how do you avoid missing your target and ending up 50% worse off?
Read the full article at FullyCrypto: https://fullycrypto.com/uniswap-how-to-sell-without-risking-slippage