TL;DR Breakdown In June 2023, Ethereum-based NFT sales dominated the market with over $452 million, comprising over 63% of total sales. Bitcoin-based NFT sales significantly declined by 42.36% from the previous month, totalling $110.3 million. Solana emerged as a dark horse with a remarkable 65% surge in NFT sales, reaching $70.42 million. Description There’s a surprising shift in the ether winds of the non-fungible token (NFT) realm as Ethereum solidifies its dominance while Bitcoin’s momentum ebbs. In this article, we take an illuminating journey into the depths of the NFT market landscape as it stood in June 2023. Ethereum ascends as Bitcoin descends Ethereum-based NFTs made a mark … Read more There’s a surprising shift in the ether winds of the non-fungible token (NFT) realm as Ethereum solidifies its dominance while Bitcoin’s momentum ebbs. In this article, we take an illuminating journey into the depths of the NFT market landscape as it stood in June 2023. Ethereum ascends as Bitcoin descends Ethereum-based NFTs made a mark in June, with total sales eclipsing the $452 million milestone, which equates to over…

TL;DR Breakdown The Hong Kong Government has formed a Task Force to promote Web3 development, marking a strategic move towards becoming a global hub for the decentralized internet. Financial Secretary, Mr. Paul Chan, highlights blockchain technology’s potential to address various challenges, thus viewing Web3 as a “golden opportunity.”​ Despite close ties with China, Hong Kong charts its own course, as shown by the recent release of guidelines for Web3 companies and the formation of the new Task Force. Description In a strategic push to accelerate its digital transformation, Hong Kong’s government announced the establishment of a dedicated Task Force to promote Web3 development on Friday. However, The task force, led by the Financial Secretary, Mr. Paul Chan, includes 15 non-official members from relevant market sectors and is mandated to provide recommendations on the sustainable … Read more In a strategic push to accelerate its digital transformation, Hong Kong’s government announced the establishment of a dedicated Task Force to promote Web3 development on Friday. However, The task force, led by the Financial Secretary, Mr. Paul Chan, includes 15 non-official members from…

TL;DR Breakdown French luxury fashion house Dior unveils B33 sneakers, leveraging Ethereum blockchain and NFTs for authenticity and security. Limited run of 470 pairs priced at $1,350 each, with unique digital twins minted on the blockchain for every pair. Dior strategically avoids blockchain terminology, focusing on product benefits, as parent company LVMH embraces Web3 and crypto trends. Description French luxury fashion house Dior has unveiled its latest innovation in the fashion world by introducing a new line of men’s sneakers that leverage the Ethereum blockchain. The highly anticipated B33 sneakers, designed by Dior Menswear artistic director Kim Jones, are set to be released as part of the Men’s Fall 2023 collection. What sets … Read more French luxury fashion house Dior has unveiled its latest innovation in the fashion world by introducing a new line of men’s sneakers that leverage the Ethereum blockchain. The highly anticipated B33 sneakers, designed by Dior Menswear artistic director Kim Jones, are set to be released as part of the Men’s Fall 2023 collection. What sets these sneakers apart is their unique online authentication system…

TL;DR Breakdown Bengaluru businessman loses ₹52 lakh in a Bitcoin scam triggered by a WhatsApp message. The victim invested heavily, pledging gold and borrowing from friends, lured by promising crypto returns. Unable to recover funds, the businessman faces bankruptcy, highlighting the risks of online trading platforms. Description  Nalagani Gururaju, a 39-year-old businessman from Bengaluru, lost over ₹52 lahk in a Bitcoin scam. The tale began innocently enough when an anonymous individual contacted Gururaju through WhatsApp, offering him a part-time job to subscribe to various YouTube channels, for which he was paid ₹50 per subscription​. His foray into the world of cryptocurrency started … Read more  Nalagani Gururaju, a 39-year-old businessman from Bengaluru, lost over ₹52 lahk in a Bitcoin scam. The tale began innocently enough when an anonymous individual contacted Gururaju through WhatsApp, offering him a part-time job to subscribe to various YouTube channels, for which he was paid ₹50 per subscription​. His foray into the world of cryptocurrency started when he was added to a Telegram group, where the conversation revolved around investing in Bitcoin. The group, populated by…

TL;DR Breakdown Africa’s cryptocurrency adoption soared by 1,200% from July 2020 to June 2021, reshaping its traditional financial systems. Kenya, Nigeria, South Africa, and Tanzania are leading in this crypto boom, offering an alternative to conventional banking. Despite regulatory challenges, Africa’s cryptocurrency embrace is making it a significant player in the global digital economy. Description In a notable development, the African continent has witnessed a staggering growth of 1,200% in cryptocurrency adoption from July 2020 to June 2021, according to an Emurgo State of Web 3.0 report. Despite accounting for only 2% of the global value of all cryptocurrencies, Africa’s rapid acceptance of digital currencies is reshaping traditional financial flows … Read more In a notable development, the African continent has witnessed a staggering growth of 1,200% in cryptocurrency adoption from July 2020 to June 2021, according to an Emurgo State of Web 3.0 report. Despite accounting for only 2% of the global value of all cryptocurrencies, Africa’s rapid acceptance of digital currencies is reshaping traditional financial flows within the continent and beyond​. Kenya, Nigeria, South Africa, and Tanzania lead…

TL;DR Breakdown French luxury fashion house Dior unveils B33 sneakers, leveraging Ethereum blockchain and NFTs for authenticity and security. Limited run of 470 pairs priced at $1,350 each, with unique digital twins minted on the blockchain for every pair. Dior strategically avoids blockchain terminology, focusing on product benefits, as parent company LVMH embraces Web3 and crypto trends. Description French luxury fashion house Dior has unveiled its latest innovation in the fashion world by introducing a new line of men’s sneakers that leverage the Ethereum blockchain. The highly anticipated B33 sneakers, designed by Dior Menswear artistic director Kim Jones, are set to be released as part of the Men’s Fall 2023 collection. What sets … Read more French luxury fashion house Dior has unveiled its latest innovation in the fashion world by introducing a new line of men’s sneakers that leverage the Ethereum blockchain. The highly anticipated B33 sneakers, designed by Dior Menswear artistic director Kim Jones, are set to be released as part of the Men’s Fall 2023 collection. What sets these sneakers apart is their unique online authentication system…

TL;DR Breakdown Logan Paul’s CryptoZoo is yet to refund investors despite his announcement in January. Investors are frustrated with the lack of communication and transparency. Description Investors of Logan Paul’s NFT gaming project, CryptoZoo, are reportedly still awaiting details regarding the promised refund of 1000 Ethereum (equivalent to $1.93 million at current prices). Despite Paul’s initial announcement in January, communication with the CryptoZoo community has dwindled, leaving investors frustrated. Concerns were raised by “internet detective” Coffezilla, who initially exposed the project’s … Read more Investors of Logan Paul’s NFT gaming project, CryptoZoo, are reportedly still awaiting details regarding the promised refund of 1000 Ethereum (equivalent to $1.93 million at current prices). Despite Paul’s initial announcement in January, communication with the CryptoZoo community has dwindled, leaving investors frustrated. Concerns were raised by “internet detective” Coffezilla, who initially exposed the project’s issues in December 2022. In a recent YouTube video, Coffezilla revealed that Paul has not paid back the victims, nor has he provided a clear plan for the refunds. This lack of progress has led to growing skepticism among investors. Logan…

TL;DR Breakdown Nasdaq Composite has seen a robust gain of 32% in the first half of 2023, its best since 1983. The surge is largely attributed to leading tech giants including Apple, Amazon, Microsoft, Nvidia, Alphabet, Meta, and Tesla. Despite challenges like regional bank instability, government debt ceiling issues, and increased interest rates, these firms’ focus on AI’s potential has led to sustained investor interest. Description The year 2023 has seen Nasdaq Composite, the tech-laden market index, surge with unprecedented momentum. The first half of the year witnessed a robust gain of 32%, the most substantial six-month growth since the zenith of the dotcom bubble in 1999. Such stellar performance brings back memories of 1983, the year Nasdaq recorded its best … Read more The year 2023 has seen Nasdaq Composite, the tech-laden market index, surge with unprecedented momentum. The first half of the year witnessed a robust gain of 32%, the most substantial six-month growth since the zenith of the dotcom bubble in 1999. Such stellar performance brings back memories of 1983, the year Nasdaq recorded its best inaugural…

TL;DR Breakdown The new Chinese counterespionage law poses risks for American and other foreign companies operating in China, possibly leading to penalties for regular business operations. The law, effective from July 1, broadens the definition of spying and prohibits sharing of information related to national security. The U.S. National Counterintelligence and Security Center warns that this could give the Chinese government more control over data held by U.S. firms in China. Description The prospect of conducting business in China, the world’s second-largest economy, has become exceedingly uncertain and risky for American and international companies alike. The Chinese government’s new counterespionage legislation has started ringing alarm bells, leaving foreign firms fretting over the potential penalties that could stem from routine business operations. China tightens its hold on business … Read more The prospect of conducting business in China, the world’s second-largest economy, has become exceedingly uncertain and risky for American and international companies alike. The Chinese government’s new counterespionage legislation has started ringing alarm bells, leaving foreign firms fretting over the potential penalties that could stem from routine business operations. China…

TL;DR Breakdown Litecoin has seen its value skyrocket following increased popularity among traders in the market. Analysts also believe the halving event is spurring bullish sentiments. Description In recent days, the cryptocurrency market has witnessed a resurgence of interest in Bitcoin Cash and Litecoin. These digital assets have experienced a surge in value, particularly Litecoin, which has reclaimed its position among the top 10 cryptocurrencies by market capitalization. The renewed investor attention can be attributed to their listing on the EDX Markets, … Read more In recent days, the cryptocurrency market has witnessed a resurgence of interest in Bitcoin Cash and Litecoin. These digital assets have experienced a surge in value, particularly Litecoin, which has reclaimed its position among the top 10 cryptocurrencies by market capitalization. The renewed investor attention can be attributed to their listing on the EDX Markets, an exchange supported by major traditional finance players such as Charles Schwab, Citadel Securities, and Fidelity Digital Assets. Additionally, its upcoming halving event, scheduled for next month, has generated anticipation among crypto enthusiasts due to its potential impact on the…