Twelve-year-old boy makes £290,000 selling whale art NFTs

whale art NFTs

Benyamin Ahmed taught himself how to create pixellated artwork by watching video tutorials. A 12-year-old boy has made around £290,000 selling whale art non-fungible tokens (NFTs). Benyamin Ahmed created and sold the digital artworks, which are called Weird Whales, after teaching himself how to create pixels by watching video tutorials during the summer holidays. “I made them to auction them off originally. It started as a learning experience but then just went viral on Twitter,” he told ITV News. The north London schoolboy has created 3,350 of the digital whale…

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Visa buys CryptoPunk, takes a step into the NFT market

CryptoPunk 7610

The NFT craze continues to attract people, as well as businesses in, with the most recent example of this being Visa’s own entry into the NFT space. The company just purchased CryptoPunk digital art, according to its announcement from earlier today, August 23rd. The multinational financial services giant spent around 50 Ethereum (ETH/USD) for a CryptoPunk NFT, and in doing so, it has once again proven its support for the digital currency sector. The company announced its acquisition of CryptoPunk #7610 in a recent Twitter post, noting that the transaction…

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Bitpanda’s Valuation Hits $4.1B After Netting $263M in Series C Funding Round

bitpanda investment

Bitpanda, an Austrian crypto trading platform, has more than tripled its valuation in five months. Earlier today the platform was valued at $4.1 billion after its Series C funding round raised $263 million. Reportedly, Valar Ventures spearheaded this investment round alongside Alan Howard and REDO Ventures. Existing investors such as Leadblock Partners and Jump Capital also took part in the financing round. According to the report, Bitpanda was worth $1.2 billion after its private financing round in March 2021. At the time, the company had managed to net $170 million.…

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Ethereum 2.0 Deposit Contract Reaches $20 Billion Worth of ETH

contract 0x00000000219ab540356cBB839Cbe05303d7705Fa

Ethereum 2.0, the much-awaited upgrade of the Ethereum network, received immense support from the ETH community since the official launch of Beacon Chain in December 2020. Etherscan.com, the block explorer and analytics platform for Ethereum, recently highlighted that the total value of the staked ETH under the deposit contract of ETH 2.0 has crossed the mark of $20 billion. Ethereum 2.0 deposit contract now has 6.59 million ETH, which is the highest level on record. During the first week of July 2021, ETH 2.0 deposit contract crossed 6 million coins…

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Germany permits institutional funds to invest in crypto assets

crypto token

According to new policies from German regulators, institutional funds can now invest in cryptocurrencies. The new law, which was implemented at the beginning of the month, gives the German Spezial-AIF special funds the right to invest in digital assets. The regulation specifically applies to assets held in the specialized funds called Spezialfonds. Traditionally these special funds are open-ended, regulated investment funds limited to institutional investors, such as financial institutions, insurance companies, corporations, foundations, and churches, excluding the general population. Around 4,000 institutional funds with almost 2 trillion Euros in assets…

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Alipay Launches In-App NFT Sales Feature

Alipay app NFT

Alipay has launched a new feature that allows users to buy non-fungible tokens (NFTs) from within the app, according to local sources. One of China’s largest payment service provider, Alipay, has launched a platform for the sale of NFTs. Local media reports and tweets from Colin Wu and others confirmed the development, which marks a big step forward for the company. Users can buy NFTs directly from the app, as seen in the tweets, which are accompanied by a few screenshots of the UI. Sino Global Capital CEO Matthew Graham,…

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The web’s source code is being auctioned as an NFT

Tim Berners-Lee

British computer scientist and inventor Tim Berners-Lee is auctioning the original code for the world wide web as a non-fungible token. NFTs are a type of digital asset designed to show that someone has ownership of a unique virtual item, such as online pictures and videos, or even sports trading cards. The auction for the world wide web NFT — titled “This Changed Everything” — will be run by Sotheby’s in London from June 23-30, with bidding starting at $1,000. The proceeds of the auction will benefit initiatives that Berners-Lee…

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Thailand Has Officially Banned Meme Coins and NFTs

WOW meme coin

Thailand has now officially banned the trading of meme coins and NFTs. According to news reports, the country’s Securities and Exchange Commission ordered various exchanges to delist numerous meme coins such as Dogecoin as well as other utility tokens, social tokens and even NFTs. The specific wording of the regulations states that these digital assets have “no clear objective or substance or underlying [value]” and that their prices are purely “running on social media trends.” The ban has already been implemented, and Thailand is now looking ahead to also ban…

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MicroStrategy Plans $1B Stock Offering to Buy Bitcoin

MicroStrategy 1B Stock Offering

MicroStrategy has filed an application for a $1 billion securities offering of its class A common stock, NASDAQ: MSTR. The company will use the money for “general corporate purpose, including the acquisition of Bitcoin.” MicroStrategy is planning yet another Bitcoin purchase. Hours after completing a $500 million raise in corporate bonds to add to its holdings of the digital asset, the business intelligence firm filed for a new “securities offering” worth $1 billion with the SEC. The registration explained that the sale would be for its NASDAQ-listed MSTR shares, which…

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PayPal Is Building A Super App To Offer Customised Services

PayPal Mobile Cash

PayPal Holdings Inc. is working on building a super app, encompassing payments, finance, crypto-currencies and shopping services all in one “personalised” app. Paypal reported a net profit of $1.6 billion in the first quarter of the current calendar year, up by 28% year-on-year, it said in its financial results. “Over the coming year, we will accelerate our customers’ digital engagement through the rapid innovation of our digital wallet and merchant commerce platform,” said Dan Schulman, President and Chief Executive Officer, PayPal Holdings Inc during an earnings call. “It will be…

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A Single Grey Pixel Sells For $1.36 Million At A Sotheby’s NFT Auction

NFT Single Grey Pixel

As NFT sales in established art houses become something of the norm, there are still record-breaking, and even shocking auctions that rock the art and crypto world alike. At auction house Sotheby’s ‘The Fungible Collection’ sale, a single grey pixel created by digital artist Pak sold for $1.36 million. The digital art sale included a series of digital cubes that collectors were able to purchase for a fee of $500 to $1,500 for which they would receive a number of NFTs, depending on how many cubes they purchased. As part…

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Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut

coinbase screenshot

Coinbase, the US-based cryptocurrency exchange, launched its initial public offering (IPO) on Nasdaq on Wednesday, hitting at valuation of $99.6 billion. Shares debuted at $381, a 52.4% increase on the $250 reference price – the benchmark for performance when Coinbase stock started trading. Shares closed below $330, up a lesser 32%. The firm listed its stock directly on Nasdaq. This meant employees and existing shareholders could sell their Coinbase shares immediately at the market-level price. Just a day earlier, Bitcoin hit a new high of more than $63,000. “The Coinbase…

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Binance Invests Undisclosed Sum in Indonesian Crypto Exchange

Tokocrypto

Binance has invested an undisclosed amount in Tokocrypto, a regulated cryptocurrency exchange in Indonesia. Announced on Tuesday, the proceeds will be utilized in accelerating the growth of the local crypto exchange’s business by extending its products and services. It is also planning for technological expansion and nationwide expansion. “This investment in Tokocrypto serves to validate Indonesia’s promising blockchain ecosystem, showcasing the confidence from a leading global player. The investment from Binance will help establish Tokocrypto’s leading services in the Indonesian market and accelerate our vision in bringing an open financial…

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Crypto exchange Bittrex to block US users from trading in 32 cryptos

Bittrex to block US users

Cryptocurrency exchange Bittrex announced that it will block its United States-based users from trading in 32 cryptocurrencies. The exchange revealed the news in a post on its blog on June 7. Per the announcement, after June 21, U.S. traders won’t be able to access a slew of coins listed on the exchange, including QTUM and STORJ. The exchange noted that U.S. users will receive an email with explanations concerning what they are and are not allowed to do with the aforementioned assets. The options cited by the exchange include selling…

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Russia may build offshore destination for cryptocurrencies, exchanges and forex

Russia may build offshore destination

Russia may build a large financial center on the island of Bolshoy Ussuriysky, according to a report by the state-run TASS news agency on June 8. Leonid Petukhov, who heads the Far Eastern Agency for Attracting Investments and Supporting Exports, said the island could become an offshore destination for cryptocurrencies, crypto exchanges and forex markets. Bolshoy Ussuriysky lies on the border between Russia and China, with western parts of the long-disputed territory transferred to Beijing following a 2004 agreement. Petukhov made his statements while speaking to TASS at the St.…

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