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Pranksy Drops $336,000 on Fake Banksy NFT

Well-known NFT collector Pranksy has been the victim of an elaborate hoax that cost him more than $300,000.Sponsored Sponsored Twitter was ablaze with rumors of an official Banksy NFT being posted for sale on OpenSea on Tuesday. The listing caught the eye of famous British NFT collector and Co-Founder of NFTBoxes, Pranksy. Pranksy currently owns more than 39,000 NFTs on OpenSea. The listing gained further traction when it was discovered that a subpage on Banksy’s official website appeared with NFT information on it earlier in the day. The page featured

Polkadot Passes Bitcoin Cash as 6th Largest Crypto

Polkadot and its native cryptocurrency, DOT, have overtaken Bitcoin Cash (BCH) as the sixth largest cryptocurrency by market cap. According to CoinGecko, a cryptocurrency market capitalization aggregator, Polkadot has a market cap of $7.63 billion. It now ranks sixth by market cap, compared to Bitcoin Cash’s $6.35 billion market cap. What has many impressed is the short time frame it took for Polkadot to reach this level. Polkadot is less than a year old. While Polkadot was hitting this milestone, co-founder Gavin Wood released an updated road map for the

Daily Created Ethereum Addresses Hits a Three-Year High

In more bullish news relating directly to Ethereum fundamentals, the second-largest crypto by market cap has seen the most new addresses created in a single day in the last 35 months. The cryptocurrency space has largely seen positive price growth, including the leading smart contract platform. Ethereum may be having one of its biggest years so far, as the system migrates over to Proof-of-Stake (PoS) verification with the launch of 2.0. Alongside this release, ETH witnessed a yearly price increase of around 4x as the Ethereum price flirts with the

Motorcycle Maker Soriano Motori Partners with Coinbase to Accept Crypto Payments

Italian motorcycle company Soriano Motori will accept crypto payments for its bikes, becoming the first motorbike firm to do so. From flight tickets to real estate deals, cryptos are becoming more readily acceptable as payment means with companies looking to expand their revenue streams. Italian Bike Maker to Accept Bitcoin and Other Crypto “Coins” Soriano announced the acceptance of cryptocurrencies as a payment means for its motorbikes in a press release issued on Dec. 14. According to the press statement, customers can utilize Bitcoin (BTC) as well as crypto coins like Ether

NFT Digital Art Collection Sells for Almost $800,000

We’ve just witnessed the biggest purchase of a blockchain-based digital artwork collection in history, smashing the previously held record by hundreds of thousands of dollars. The artist behind this historic sale is Mike Winkelmann who works under the moniker ‘Beeple.’ The auction for the BEEPLE: EVERYDAYS 2020 collection, which Winkelmann refers to as ‘THE COMPLETE MF COLLECTION,’ is a one-of-one curation of all the digital art creations Beeple made in 2020. When all was said and done, the collection sold for a massive $777,777.77. The auction took place on the

Grayscale Bought Almost $140 Million in BTC in 24 Hours

Betting Big on Bitcoin Grayscale, the Bitcoin Trust custodian and digital asset manager, has added another $140 million worth of Bitcoin to their Bitcoin Trust portfolio within the last 24 hours. Grayscale made the purchase of 7,188 Bitcoins in just one day. This confirms continued institutional interest surrounding their Bitcoin offering. When you look at Grayscale Bitcoin holdings over the last week and month, a similar pattern appears. In the last week, Grayscale added over 14,000 BTC. In the last month the company added a whopping 64,832 BTC worth collectively

Kraken Exchange Now Allows Users to Stake ETH on Its Platform

Kraken, the online cryptocurrency exchange, has announced that it has enabled the ability for its users to stake ETH via the new ETH 2.0 Beacon Chain directly on the exchange. As far as major cryptocurrency exchanges go, Kraken appears to be one of the first to announce the opportunity for its users. At press time, Kraken had recently enabled the staking ability, marking a major step in the continued growth of ETH 2.0. A Win for the “Small” ETH Holder Kraken will be allowing ETH users of all sizes to