Cryptocurrency exchange Kraken reportedly is shutting down its non-fungible token (NFT) marketplace, saying it will move more resources into new offerings. The company unveiled its NFT marketplace about two years ago, during which time NFTs fell along with the crypto bear market but have not...
Cryptocurrency marketplace OpenSea could be the target of a regulatory investigation. Devin Finzer, the company’s CEO, posted on social platform X Wednesday (Aug. 28) that the Securities and Exchange Commission (SEC) issued a Wells notice against OpenSea. Wells notices are not formal charges or lawsuits...
GameStop is getting out of the non-fungible token (NFT) arena. In an update posted on its GameStop NFT website, the company said it has decided to wind down its NFT marketplace “due to the continuing regulatory uncertainty of the crypto space.” “Effective as of February 2, 2024, customers...
Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume tripling between October and November, Bloomberg News reported Sunday (Jan. 14), citing data from CryptoSlam. As that report notes, NFTs...
Hackers have apparently stolen millions of dollars worth of non-fungible tokens (NFTs) in a recent security breach. Peer-to-peer trading platform NFT Trader confirmed the breach on X Saturday (Dec. 16), saying it had “suffered an attack on old smart contracts.” And the website Revoke.cash said that the...
The year 2023 will forever be remembered as the year the U.S. Securities and Exchange Commission (SEC) went to war with crypto. Determining who is truly trying to innovate a new and exciting financial category, versus who is a digital asset scam artist, remains among...
Toymaker Mattel is turning its virtual platform into a peer-to-peer (P2P) marketplace for collectors. The company announced the forthcoming update in a Thursday (April 20) press release, saying the Mattel Creations Virtual Collectibles Platform will begin allowing owners of Mattel virtual collectibles to display, trade...
Event ticketing leader Ticketmaster appears poised to scale an experiment with NFTs enabling holders of certain tokens to get special access and discounts to events. As reported by crypto newsletter Decrypt on Monday (March 27), Ticketmaster announced it is enabling holders of the NFT called...
Solana-based NFT marketplace Magic Eden is laying off 22 workers amid corporate restructuring. Company CEO and Co-founder Jack Lu announced the job cuts Monday (Feb. 13) on Twitter and via a post on Magic Eden blog. He said the cuts came after the firm had...
