CRYPTO ASSETS

Coca-Cola has confirmed the launch of a new Pride NFT collection in collaboration with Rich Mnisi, a designer and an advocate for LGBTQIA+ rights in Africa.

OpenSea users are not happy about the incident and some vented their frustrations on Twitter.

Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, rising energy costs and increased competition bite into profitability.

"These actions are calculated, intentional, and willful with the stated purpose of causing actual and monetary harm to Yuga Labs and the holders of authentic Bored Ape Yacht Club NFTs," Yuga Labs said.

Since its founding, KnownOrigin has seen significant growth as it has revolutionized the way people create, buy, and sell NFTs.

Registered Binance users in select countries will also be able to purchase the collections using Binance Pay.

Digital asset broker GlobalBlock analyst Marcus Sotiriou opined that the sell-off trend could be attributed to "profitability decreasing with increasing electricity prices, adding that miners are "forced to liquidate some of their Bitcoin to cover operating costs."

Tether has announced the launch of a new stablecoin called the GBP₮ which will be pegged to the British Pound Sterling in a 1:1 ratio.

Coinbase will be "sunsetting Coinbase Pro to migrate all advanced trading into one unified Coinbase account." 

To kick off the NFT Marketplace, IMVU is collaborating with metaverse-native luxury fashion house Auroboros to host a design challenge. 

"Despite our efforts, we’ve been unable to get the whale to reduce their risk, or even get in contact with them. With the way things are trending with the whale’s unresponsiveness, it’s clear action must be taken to mitigate risk," the proposal reads.

Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday.

"Things are moving quite well on all fronts and over the next few weeks you will begin to see the things we've been working on come to fruition at, what looks to be, when Shib (and the world) needs it most," Kusama said.

Tesla CEO Elon Musk was one of the reasonns behind DOGE reaching its all-time-high in May last year.

MicroStrategy boss Michael Saylor talked about the fears of the firm having to sell its BTC and the chances of it buying BTC during the market crash.

Elon Musk has been sued for allegedly running a pyramid scheme in support of Dogecoin (DOGE) for $258 billion by a Dogecoin investor.

Major cryptocurrency volatility has hit stablecoins, typically considered the market's safer-havens, with investors pulling money out of the sector and several losing the peg to their underlying assets.

Major factors fueling the momentum of NFT growth include the increasing influence of celebrities on NFT adoption, revolutionizing the gaming industry and the slow but continuing rise in demand for digital artworks.

The President of the Central African Republic (CAR) has doubled down on his Bitcoin bet despite the recent market crash even as the crypto market is reduced to less than $1 trillion.

Peter L Brandt predicted a huge crash in the price of the world's biggest cryptocurrency, saying that BTC is following a "Drano" chart pattern.

The first Ferrari F1 car equipped with a semi-automatic gearbox, the 1989 Ferrari 640, has been sold using the Himalaya Dollar (HDO), a stablecoin belonging to the Himalaya Exchange.

"NFTs saw explosive growth in 2021, but this growth hasn’t been consistent and has leveled off so far in 2022."

MicroStrategy's CEO Michael Saylor might've landed the firm in trouble as its Bitcoin holding is already down by more than a billion dollars.

Institutional investors are gradually moving out of the crypto market as leading cryptocurrencies Bitcoin and Ethereum saw outflows of $57 million and $41 million. However, ADA, SOL, and XRP saw inflows this week.

JPMorgan Chase will tokenize traditional assets to enable institutions and developers to take advantage of the potential of non-crypto assets, said Tyrone Lobban, the head of Onyx Digital Assets, at the CoinDesk Consensus 2022.

"We’ve received credible information that there may soon be an attack on our social media accounts," Yuga Labs said.

The latest data from cryptocurrency aggregator CoinMarketCap revealed that $BONE saw a massive spike of 58% in its price over the past seven days.

Solana Ventures and Solana Foundation have confirmed the launch of a 100 million investment and grant fund to focus on Web 3.0 startups in South Korea.

Kevin Lynch is set to enter the NFT industry by launching his first collection, which will focus on the images of the late Kobe Bryant that were captured by the photographer.