Non-fungible tokens (NFTs) are facing their lowest monthly sales volume since November 2023, with July 29 data showing a monthly volume of $393 million.
This represents a significant drop from the June 2024 sales volume of $450 million, which itself was the low point for the year.
Since the second quarter of 2024, NFTs have been on a downward trend, with a 45% quarter-over-quarter decline. In the first quarter of 2024, sales reached $4.1 billion, while only $2.24 billion was recorded in the second quarter.
Despite lower volumes, the number of transactions increased, with 9.9 million NFT transactions in July, up 73% from 5.7 million in June. Web3 industry experts remain optimistic about the future of non-redeemable tokens.
Coinbase is pushing the U.S. Treasury Department to overhaul outdated anti-money-laundering (AML) regulations, arguing that decades-old rules are no longer suited to the digital finance era.
Crypto airdrops, once celebrated as a way to grow communities and spread tokens, are struggling to prove their lasting value.
Over 600 user accounts have been permanently banned by Binance after the exchange detected the use of unauthorized trading tools, signaling a renewed focus on compliance and platform security.
Andrew Cuomo seems ready to re-enter New York’s political scene with an unexpected twist – by betting on crypto and artificial intelligence as the city’s next big growth engines.
In a move blending sci-fi and crypto, Sam Altman's Worldcoin project is bringing its iris-scanning tech to the U.S. on a massive scale.
Sam Bankman-Fried, the former CEO and co-founder of FTX currently serving a prison sentence, has filed an appeal seeking to overturn his fraud conviction, according to court documents submitted on Friday.
In a recent prison interview, Sam Bankman-Fried, the founder of FTX, maintains that he does not view himself as a criminal, despite being convicted on multiple fraud-related charges.
FTX founder Sam Bankman-Fried has recently been relocated from Brooklyn’s Metropolitan Detention Center to FTC Oklahoma City, a facility that temporarily houses inmates during transfers.
Sam Bankman-Fried’s story is being adapted for the big screen, despite his looming 25-year prison sentence.
The legal battle against the creators of Samourai Wallet has taken a sharp turn, as defense attorneys accuse federal prosecutors of suppressing a key legal interpretation from the Treasury Department that could dismantle the core of the government’s case.
William Lonergan Hill, co-founder of Samourai Wallet, has been granted bail after being arrested in April for money laundering and operating an unlicensed money transmitting business. The specific terms of his bail are still under negotiation.
Renowned Bitcoin maximalist and JAN3 CEO Samson Mow met with Junichi Kanda, Parliamentary Vice-Minister of the Cabinet Office.
Samson Mow, CEO of JAN3 and a known Bitcoin maxi, recently shared his perspective on the cryptocurrency's price trajectory.
Samsung Next, the investment branch of Samsung, has made headlines by investing in Startale Labs, a leading Web3 company.
Samsung Electronics has expanded its partnership with Coinbase, the largest U.S. cryptocurrency exchange, to make crypto access easier and more integrated for Galaxy smartphone users.
Global banking heavyweight Banco Santander is quietly laying the groundwork to enter the stablecoin space, eyeing fiat-pegged digital tokens as part of a broader strategy to offer crypto services to retail clients.
Openbank, the digital subsidiary of Grupo Santander, has officially launched cryptocurrency trading for its German customers, marking another step in the bank’s strategy to integrate digital assets into mainstream finance.
As Bitcoin and the broader altcoin market continue to swing unpredictably, blockchain analytics firm Santiment has identified six altcoins that have sparked intense interest across social media platforms.
In a recent analysis, cryptocurrency research firm Santiment highlighted several altcoins currently facing elevated levels of fear, uncertainty, and doubt (FUD).
With the release of crucial Consumer Price Index (CPI) and Producer Price Index (PPI) data scheduled for this week, three cryptocurrencies are capturing significant market interest.
Santiment, a cryptocurrency analytics firm, recently identified the altcoins with the most significant wallet activity increases over the past week.
Analytics platform Santiment has reported that Bitcoin’s Market Capitalization to Realized Value (MVRV) ratio now sits at 21%, indicating that the average BTC investor from the past year is in profit.
At a press conference in London on October 31, Stephen Mollah, a British businessman claiming to be Satoshi Nakamoto, faced skepticism over his assertions regarding the identity of Bitcoin's creator.
Tether and the City of Lugano celebrated the unveiling of a life-sized statue of Bitcoin's creator, Satoshi Nakamoto, during the 3rd Annual Plan ₿ Forum at Villa Ciani.