Nike is facing a lawsuit from a group of investors who claim the company’s abrupt shutdown of its digital collectibles venture, RTFKT, wiped out the value of their purchases and left them facing heavy losses. In a class action filed on Friday in Brooklyn federal court, Australian resident Jagdeep Cheema and other plaintiffs accused Nike […]
Nike Faces $5M Lawsuit Over Losses From Shuttered NFT Venture Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A collective of upset NFT purchasers has brought a lawsuit against Nike after the company shut down its digital collectibles division, RTFKT. According to a report by Reuters, the lawsuit, filed Friday in Brooklyn, New York, alleges that the sportswear colossus’s sudden
Nike Sued After Shuttering NFT Unit—Buyers Allege Major Crypto Losses Read More »
Major crypto wallet Ledger has partnered with the popular Pudgy Penguins non-fungible token (NFT) collection to launch a limited-edition device and complementing protective cases. According to the press release shared with Cryptonews, the products will launch at TOKEN2049 Dubai on 29 April. Attendees will get a first-hand look and a chance to buy these releases.
EXCLUSIVE: Ledger and Pudgy Penguins Reveal Limited-Edition Custom Device and Cases Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure An apocalyptic-themed Solana-based NFT project is aiming to sell 100,000 virtual tokens to buy a Cold War nuclear bunker in England. The innovative venture combines virtual ownership with physical real estate in what could potentially be a new trend for blockchain communities.
Decentralized Defense? NFT Group Targets Cold War Bunker Buy Read More »
Magic Eden has launched Season 2 of its rewards program, offering users new ways to earn incentives for trading non-fungible tokens (NFTs), swapping tokens, and staking on the platform. Magic Eden Enhances User Rewards with Season 2 Launch The NFT marketplace Magic Eden has introduced Season 2 of its rewards program, designed to incentivize user
NFT Marketplace Magic Eden Launches Season 2 Rewards Program Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Slovenia’s Finance Ministry released a draft bill that would tax profits from the sale of cryptocurrencies at 25%, potentially sealing the nation’s status as a tax haven for investors in digital assets. The plan is designed to close a loophole that currently
Crypto Wealth Could Take A Hit As Slovenia Weighs 25% Tax Read More »
In 2023, the independent film industry made up 21.7% of the global box office, generating over $7.3 billion in revenue. Unfortunately, filmmakers have pointed out that the traditional movie industry relies heavily on a broken, centralized model. For instance, Chris Temple — a film director and the founder of Los Angeles-based production studio Optimist —
Indie Filmmakers Raise $2M in 72 Hours — How Crypto is Revolutionizing Hollywood Read More »
The US Securities and Exchange Commission has formally closed its investigation into CyberKongz, a prominent Ethereum-based NFT and gaming project, with no enforcement action taken, the team announced on Tuesday. CyberKongz described the decision as a landmark moment, ending what it called years of “unjust allegations, crippling legal fees, and the biggest hurdle we could
SEC Closes Investigation Into NFT Gaming Project CyberKongz Read More »
An anonymous NFT collector has suffered a $10 million loss after selling one of the rarest CryptoPunks on Thursday. On-chain data shows that Punk #3100 changed hands for 4,000 ETH, translating to approximately $6.07 million via a private transaction on the official CryptoPunks marketplace. The NFT is one of just nine Alien Punks in the
NFT Trader Suffers $10M Loss After Sale of Rare Alien CryptoPunk Read More »
Magic Eden has announced its acquisition of Slingshot, an app designed to facilitate trading across multiple blockchains using a single, universal account balance. This acquisition aims to simplify the onchain trading experience, which currently requires users to navigate multiple wallets, manage gas fees, and find trusted bridges before purchasing tokens. With Slingshot’s technology, users can
