Author: FX Empire

Despite a surge in illicit activity across the NFT marketplace, NFT-related trademark applications and NFT activity continue to rise. Sports and NFTs have formed a strong partnership, with U.S franchises including the NFL, the NBA, and UFC launching dedicated NFT marketplaces. For the NFL and the NBA, the launch of the respective NFT marketplaces provides an alternative to physical sports cards. Unlike the NFL and the NBA, the Major Baseball League (MBL) did not partner with Dapper Labs to form a dedicated MBL NFT marketplace. Several NFT marketplaces do support the buying and selling of MBL sports cards. These include Candy Digital, OpenSea, and Topps. MBL’s Mickey Mantle Baseball Card Goes for $471k This…

As per a research report from Arcane Research, Georgia has a notable presence of Bitcoin miners in the country. In a country of 3.9 million people, a sizable part of the population is devoted to crypto mining, leading to the State becoming an up and coming hub of mining. Although the Cambridge Bitcoin Electricity Consumption Index (CBECI) states that Georgia produces just around 0.18% of Bitcoin’s total Hash Rate, Arcane suggested that the actual figure might be a lot bigger than what’s said. This was because CBECI only documented four pools, which altogether only accounted for 34% of the total Bitcoin Hash Rate. Further research from…

Back in late January, news of the White House planning to issue a crypto Executive Order tested support for the crypto market. The news came at a testy time for Bitcoin (BTC) and the broader market, which had seen a sharp fall from November levels. Heightened regulatory scrutiny, not just from the SEC, but also from regulators around the world contributed to the reversal. Market sentiment towards FED monetary policy also weighed, however. Calls for Global Regulatory Framework Echo Late last year, the Bank of England highlighted the need for a global crypto regulatory framework. Concerns over the possible impact of cryptos…

It’s been a busy start to the year for the NFT marketplace, as trading volumes hit record highs. Illicit activity, however, has also drawn the attention of governments from around the world. HitPiece is an NFT marketplace focused on Music. HitPiece is an NFT marketplace aiming to be “the place for music NFTs online”. The HitPiece goal is to provide artists a platform to earn royalties from NFT sales and a perpetual income stream from the trading of the NFTs. HitPiece Caught Out Selling Music Without Artist Permission Last week, HitPiece hit the news wires for all the wrong reasons. Reports of HitPiece selling…

After tightening regulations around cryptocurrencies across the globe, the crypto flag could still soar amid news of Lebanon allegedly planning to forcibly convert foreign currency holdings to its floundering pound (LBP). So, will Bitcoin’s inflation hedge narrative uphold again? What’s All The Fuss About? A Reuters article reported earlier this week that it had seen a government ‘blueprint’ plan designed to fight the ongoing financial crisis. It further revealed that the plan for tackling Lebanon’s financial crisis projects a 93% devaluation of the Lebanese pound and could convert the bulk of hard currency deposits in the banking system to local currency. Further, the agency highlighted that…

At the start of the year, news hit the wires confirming that Quentin Tarantino’s Pulp Fiction NFT auction will go ahead. The highly anticipated auction was set to run from 17th January to 31st January. Named “TARANTINO NFTs”, the auction includes the sale of 7 NFTs that are uncut scenes only available to the buyers. The auction is being held on the Secret Network (SCRT) blockchain. The Tarantino NFT collection is based on the Ethereum (ETH) blockchain. Royale with Cheese Goes for $1.1m Last Monday, the first of the 7 TARANTINO NFTs sold for $1.1m. News hit the wires of the sale amidst a choppy time for the…

This week, news hit Twitter of a David Bowie NFT collection going on sale this Thursday, 27th January. Tweets by melos_studio Melos Studio and NFT market place Starly announced that the NFTs will be available on the Starly (Starly) NFT platform. The NFT drop comes shortly after the 6th anniversary of the music legend’s passing on 10th January 2016. In a tribute to David Bowie and in collaboration with Melos Studio, David Bowie Estate, and Bowie’s photographer Denis O’Regan, never-before-seen photos and unreleased music audio will form part of the drop. In total, the collection will consist of 12,000 NFTs divided into 1×120…

Earlier this month, the highly anticipated auction of Quentin Tarantino’s Pulp Fiction NFT collection got under way. The auction is running from 17th January to 31st January. The 7 NFTs include never-seen-before footage, otherwise known as uncut scenes, only available to the buyers. Called “TARANTINO NFTs”, the auction is held on the Secret Network (SCRT) blockchain. The Tarantino NFTs collection are based on Ethereum (ETH) blockchain. Users must, therefore, have ETH or ETC-20 compatible stablecoins to successfully purchase one, some, or all of the NFTs. Late last year, Miramax had filed a lawsuit against Tarantino for breach of contract, copyright infringement, trademark infringement, and unfair competition.…

Hedge fund manager and investor Ray Dalio thinks crypto is getting too much attention. The billionaire said this in an interview with David Rubenstein. According to him, crypto accounts for a tiny portion of his portfolio. For several years, Dalio was a vocal crypto skeptic. But he announced in May last year that he owned Bitcoin. Despite owning crypto, he hasn’t been much of a vocal supporter. He once predicted that the government could destroy Bitcoin if it became too successful. 71% of retail investor accounts lose money when trading CFDs with this provider His new statements come in the light of interest…

Crypto mining, power consumption, and the impact of mining on the environment have become hot topics. As regulators across the globe take greater interest in the crypto market, governments have been focusing on crypto mining. At the start of the year, the Kosovo government banned all crypto mining due to an ongoing energy crisis. The news of the ban coincided with news hitting the wires of a U.S Congress sub-committee preparing a hearing to assess the impact of crypto mining and cryptos on the environment. Last week, the subcommittee hearing focused on the proof-of-work protocol and the impact to the environment. While there was…