RTFKT, an avant-garde leader in the realm of non-fungible tokens (NFTs), has officially announced its impending closure, with operations expected to cease by January 2025. The company, known for its innovative digital sneakers and avatars, rose to fame after being acquired by Nike in 2021. Their announcement on December 2 via social media highlighted a
Coinbase, a pivotal player in the cryptocurrency exchange sector, has stirred controversy over its recent advisories regarding the use of Virtual Private Networks (VPNs) by its users. This move, perceived by many as an attack on privacy rights, has prompted a wave of backlash from the crypto community. The core of the issue lies in
In recent months, Bitcoin has experienced significant price movement, sparking interest and speculation among crypto investors and enthusiasts alike. As of now, Bitcoin trades at approximately $95,107, reflecting a modest decline of about 2.18% over the last 24 hours. Despite a slight dip in the short term, some analysts, such as crypto expert Behdark, are
In a significant move towards enhancing user accessibility, Coinbase has announced the integration of Apple Pay into its Coinbase Onramp service. This strategic update, disclosed on December 2, is poised to simplify the way users can convert their fiat currency into cryptocurrency, ultimately transforming a traditionally complex process into a more streamlined and user-friendly experience.
In the early hours of December 1, 2023, the decentralized exchange (DEX) known as Clipper encountered a significant security breach, primarily affecting its liquidity pools on the Optimism and Base protocols. The breach was initially characterized by Chaofan Shou, co-founder of the security firm Fuzzland, who suggested that a leak of private keys allowed the
In a striking turn of events within the cryptocurrency landscape, XRP has ascended to the third highest position by market capitalization, successfully edging out the stablecoin Tether (USDT) and the so-called “Ethereum Killer,” Solana (SOL). Here, XRP’s market capitalization has surged past an impressive $1.35 trillion, placing it in a competitive race with Bitcoin (BTC)
In a significant development within the cryptocurrency landscape, Japanese exchange DMM Bitcoin has announced plans to wind down operations by March 2025. This sobering decision stems from a catastrophic hack that led to losses exceeding $300 million, sending shockwaves through the crypto community. Following an arduous period of attempted recovery, it became evident that restoring
The digital asset XRP has recently experienced a remarkable rally, observing an increase of more than 100% in a single week. Surpassing the critical $2 resistance mark, XRP soared to $2.5, a level not witnessed since January 2018. This surge indicates a robust interest from buyers, as demand for XRP intensifies. Investor sentiment appears overwhelmingly
RTFKT Studios, a name synonymous with cutting-edge creativity in the Web3 landscape, recently made headlines for its shocking announcement to cease operations by January 2025. Established in 2020, RTFKT quickly rose to fame with revolutionary projects such as Clone X, a partnership with famed artist Takashi Murakami. Their pioneering work in NFT sneakers, highlighted by
November witnessed an impressive rally for Cardano (ADA), where its price surged by more than 220%, positioning it as a frontrunner among cryptocurrencies. This remarkable performance aligns with a resurgence in the broader cryptocurrency market, which was notably invigorated following Donald Trump’s electoral victory. The correlation between political events and market movements highlights the volatile
