Crypto for Dummies

2022-05-16 17:03:01 NFT University has created a collection for beginners

NFT University brings together crypto-enthusiasts and experts to create a platform offering the tips, tools and a variety of resources that beginners need to succeed in this highly competitive market.

The university plans to release 5,555 NFTs. They will be sold in three stages granting access to a number of benefits at each level. These benefits include hiring strategies, personalized mentoring and the most lucrative, fully funded trips to Dubai.

Participants at all levels will get access to the NFT University learning platform. The goal is to offer everything needed for a successful project while learning a lot about NFT. Открыть/Комментировать

2022-05-16 14:03:00 Azuki NFT's minimum price rose again to 15 ETH

At the beginning of the week, Azuki NFT's minimum price was 23 ETH, but after numerous accusations and revelations by Zagabond's founder, the price dropped to 10 ETH. It looks like the worst for the Azuki community is over and the price is moving up again.

This week there was news that Azuki founder Zagabond had previously created other NFT projects - CryptoPhunks, Tendies and CryptoZunks. Zagabond tried to defuse the situation in Twitter Spaces, but the results were pitiful, the minimum price of Azuki NFT began to fall quickly. Открыть/Комментировать

2022-05-15 21:03:01 FTX founder Sam Bankman-Fried invested $648 million in cryptocurrency trading app Robinhood

Following the news, quotes jumped more than 30% in after-hours trading.

Bankman-Fried's stake was 7.6 percent, making him the third largest stakeholder in the organization. According to SEC filings, the transaction went through the intermediary firm Emergent Fidelity Technologies. Открыть/Комментировать

2022-05-15 17:03:00 Musk points to the possibility of Dogecoin becoming money

Dogecoin has the potential to become a currency, the head of Tesla and SpaceX billionaire Elon Musk is sure. That's how he responded to the post by altcoin creator Billy Marcus. According to Marcus, he likes Dogecoin because the token "knows it's meaningless."

Incidentally, earlier this year Tesla added Dogecoin as a way to pay for its accessories. To make a purchase at a Tesla store, a customer needs a Dogecoin wallet. Goods purchased with cryptocurrency cannot be returned or exchanged. Открыть/Комментировать

2022-05-15 14:03:00 FIFA chooses Algorand as its official blockchain partner

For now, Algorand will become FIFA's official blockchain platform and provide blockchain wallet solutions. After the announcement, Algorand's token price immediately skyrocketed.

After entering into an agreement with FIFA, they became a regional sponsor of the 2022 FIFA World Cup in Qatar.

The blockchain company is going to support FIFA in further developing its digital asset strategy. In addition, FIFA will provide sponsorship assets, including advertising, media coverage and advertising opportunities. Открыть/Комментировать

2022-05-14 21:48:07 Belgian museum launches art investment tokens

The Royal Museum of Fine Arts in Antwerp (KMSKA) became the first European museum to tokenize art investments.

The first work was a painting by James Ensor called Carnival at Binche. The idea is that an interested investor can get ownership of a share, not the whole painting. The minimum investment is only 150 euros. Открыть/Комментировать

2022-05-14 17:03:01 Townsquare Media bought BTC for $5 million

New York-based Townsquare Media issued a report to the SEC for the first quarter of this year. The document shows that the firm invested $5 million in BTC.

Townsquare Media didn’t sell its assets. As a result of rate fluctuations, the company had a loss of $0.4 million. However, the firm noted that the high liquidity of the portfolio was worth it.

If sold, the company would have earned $1.2 million. At the same time, Townsquare Media is considering further investments in the sector. Открыть/Комментировать

2022-05-14 14:03:01 UST wasn't Terra co-founder's first failure

Terraform Lab co-founder Do Kwon may be one of the two co-founders of the failed Basis Cash stablecoin project. This cryptocurrency was created in 2020 by two developers under the pseudonyms "Rick" and "Morty."

Like UST, this stablecoin was pegged to the dollar through a code, with no tangible collateral. By the end of last year, the exchange rate had fallen below 1 USD, after which it collapsed even more.

Now a similar situation is happening with the native asset Terra. During the last three days, the rate was down to $0.27 per "coin". And so far, there are no prerequisites to improve the situation. Открыть/Комментировать

2022-05-13 21:03:02 South Korea aims to introduce a regulatory framework in the crypto sphere in 2024

South Korean authorities plan to create a comprehensive regulatory framework that will not only legalize transactions in digital assets, but also introduce a mechanism for regulating this sphere.

The regulatory framework is to be adopted for consideration as early as next year. If approved, South Korea will have a separate cryptocurrency institute in 2024, fundamentally changing the position of digital assets in the national market. Открыть/Комментировать

2022-05-13 17:03:00 U.S. trader "Coin Signals" caught in "Ponzi scheme" fraud

The court found 25-year-old trader Jeremy "Coin Signals" Spence from Rhode Island guilty of fraud. He set up a Ponzi scheme, defrauding 170 people.

The crypto-trader will spend the next three and a half years in a maximum security prison. The damage from his scheme is estimated at more than 5 million dollars.

The principle of Spence's "pyramid scheme" was extremely simple - he paid off obligations to investors with new proceeds, all the while claiming that his scheme was extremely profitable.

Spence pleaded guilty. After he walks free, the fraudster will have to pay compensation in the amount of 2.8 million dollars. Открыть/Комментировать