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NFT

NFTs-Trading Volumes Spike on Azuki NFTs After Creator Admits to Failed Projects

NFTs

What are Azuki NFTs? 

NFTs-Azuki is a digital brand mostly associated with its collection of 10,000 avatars

Who’s Behind Azuki NFTs?

Behind Azuki NFTs is Churi Labs, a startup composed of several members with vast experience in crypto, art, and gaming, all of them joining forces to bring a recognizable brand to the metaverse.

Azuki NFT Floor Price: How it Started and How it Goes

The Azuki collection debuted on January 12, 2022, with an initial release of 8,700 avatars — each priced at $3,400 at that time.The collection sold out in a matter of minutes, registering about $30 million in sales. After the public sale, the creators held a private offering in which they sold sets of Azuki NFTs for another $2 million.

Why Are Azukies So Popular?

There are plenty of reasons why Azuki became a blue chip in the cryptocurrency community in such a quick fashion. Number one, in the eyes of most people, is art. It occupied an important niche within the field of NFTs – anime – and it set the standard for hundreds of projects after it. The Avatars are aesthetically pleasant, and in the words of Zagabond – it just “resonates” with the audience, especially in Asia, where anime is a lot more popular.

Creator Admits to Failed Projects

An anime-inspired NFT collection of avatars, Azuki, had been serving up some stiff competition among industry-leading collections such as Bored Ape Yacht Club and Clone X since the project’s January launch. The digital collectibles, whose prices are plummeting, are now at the forefront of the latest NFT (non-fungible token) controversy.Azuki’s founder, known as Zagabond, published a blog post about his history prior to launching Azuki, revealing he was behind three NFT collections — CryptoPhunks, Tendies and CryptoZunks — that were abandoned by their founders. In response, many Twitter users dubbed the projects rug pulls or scams that were never intended to be built.

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比特幣

Huobi Global Celebrates Bitcoin Pizza Day with a 50 BTC Prize Pool

Huobi Global, one of the world’s leading digital asset exchanges, is announcing a special Primebox promotion to celebrate Bitcoin Pizza Day. From May 19 to May 29, users can participate in the new Bitcoin Pizza Day Primebox promotion to win a share of the 50 BTC prize pool and additional NFT rewards.

Bitcoin

Bitcoin Pizza Day

was celebrated to commemorate an early cryptocurrency enthusiast who purchased two pizzas using Bitcoins on May 22, 2010 — an event that became widely and fondly known as the world’s first physical Bitcoin transaction. Since then, the value of the blockchain as represented by Bitcoin has gained recognition worldwide.. On this day, various events are held to commemorate the first physical Bitcoin transaction and the role the Blockchain is expected to play in the near future.In the upcoming Bitcoin Pizza Day Primebox promotion, users can complete tasks on the event page to collect five different ingredient cards, namely “flour”, “cheese”, “veggie”, “meat” and “seasoning”, to form  a Bitcoin Pizza and win prizes  such as a Rewards Hub badge, Huobi Earn APY booster coupon, Pizza Day NFT, point card, Primelist allocation or CandyDrop allocation. Users can also earn cards by completing tasks in Rewards Hub, Invite Friends, CandyDrop, Primelist or Huobi Earn.  These ingredient cards can be gifted to a friend via their UID/DID numbers.

Primebox BTC shards

can be found and collected on the event page. 10 collected shards can be exchanged for one random ingredient card. Users who have not claimed their Decentralized Identity (DID) can claim one to win a Pizza Day NFT, which can be used as an avatar on Huobi. All Pizza Day NFTs are minted on the HECO chain and can be traded on the Huobi NFT platform.

holders of any one of the following NFT collections

Prime Voyager, Women With Crypto, Hanazawa Kana, Easter Bunny, Holy Crab, Ula, and Pizza Day, are entitled to additional privileges. By using the NFT as an avatar, users can earn extra ingredient cards daily according to the NFT’s rarity tier. The number of extra cards rewarded for a Pizza Day NFT will be doubled for Prime Voyager, Women With Crypto, Hanazawa Kana, Easter Bunny Holy Crab, and Ula collections. The number of extra cards rewarded for a rare NFT is also double that of a regular NFT.

CandyDrop

the token airdrop event that Huobi launched to incentivize active traders also provides  more ways for users to  participate in the Bitcoin Pizza day event
1. When users register for  CandyDrop events, they get chances to obtain ingredient cards. Having five different ingredient cards will allow  user to bake a Bitcoin Pizza.
2. BTC shards will appear randomly at the CandyDrop page. Users can collect 10 shards to exchange for an ingredient card.
3. The Primebox rewards include CandyDrop sure-win tickets and double-chance coupons.

Bitcoin

From 12:00 (UTC) on May 19 to 12:00 (UTC) on May 26, Huobi Earn, a program dedicated to giving users high APYs for their deposits, will release a limited period deposit plan which enables users to get higher interest rates than usual. During this period, users who perform a certain number of trades will also have the opportunity to obtain Primebox cards or earn coupons that provide interest rate boosts for deposits by up to 8%.

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Uncategorized

USDT Tether tanks Stablecoin down 5%

Stablecoin USDT Tether is down 5% to $0.95. This is the lowest the stablecoin has hit in the last 2 years. 

USDT

Close in the heels of UST de-pegging, USDT Tether too could be de-pegging.  The stablecoin USDT Tether is down 5 per cent, which is the lowest dip on its value in the past 2 years. The stablecoin is now trading at $0.95, as per data from CoinMarketCap, as of 12:50 pm IST on Thursday. 

What is USDT Tether? 

USDT Tether is a stablecoin. It is a cryptocurrency pegged to the US dollar. 

How is Tether pegged to USD? 

The stablecoin is pegged to the USD by maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation. 

Why was USDT created? 

The USDT whitepaper states that the objective of creating USDT was to combine the unrestricted nature of cryptocurrencies, that is to send money between users without a trusted third-party intermediary, with the stable value of the US dollar. 

Why is Tether Crashing? 

USDT

Crypto expert and vice president, Research and Strategy at Earth ID, Sharat Chandra, told that, “Volatility in crypto markets is testing the mettle of stablecoins. After non-collateralized algorithmic stablecoin UST, collateralized stablecoin Tether has lost its peg. It’s important to highlight the reserve breakdown of Tether.  Commercial paper and certificates of deposits form a major chunk of USDT reserves followed by cash and bank deposits and reserve repo notes and Money Market Funds. These are not highly liquid assets. In April , Tether’s CTO Paolo Ardoino did promise to reduce  Tether’s holdings of commercial paper from  the current 30 per cent of total reserves.”Chandra further explained: “Decade high inflation and rising interest rates have wreaked havoc on bond and currency markets. The value of assets held by Tether , therefore, has taken a beating in these uncertain times.”Lastly, he pointed out that the US Fed’s “recent Financial Stability Report highlighted that stablecoins are backed by assets that may lose value or become illiquid during stress; hence, they face redemption risks similar to those of prime and tax-exempt MMFs. These vulnerabilities may be exacerbated by a lack of transparency regarding the riskiness and liquidity of assets backing stablecoins.

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交易所

۵ Best Crypto Exchanges of May 2022

Crypto exchanges are where traders can buy, sell, and convert different cryptocurrencies. They are necessary for cryptocurrencies to be traded at the scale they are today. Some exchanges offer the most competitive prices or speeds, whereas others provide specialized financial products.Read on to learn about the best cryptocurrency exchanges, how they work, and which one you should pick.

Best for Beginners: Coinbase

Crypto Exchanges

Why we chose it: We chose Coinbase as the best crypto exchange for beginners because of its easy-to-use interface, extensive educational material on everything from blockchain to volatility, and robust security features.If you’re familiar with crypto, chances are you’ve already heard of Coinbase. The exchange is one of the largest and most well-known in the U.S., and its debut on the public market last year was seen by many as a legitimization of the crypto market.

The Coinbase platform does a great job of lowering the barrier to entry for investing in crypto, with a straightforward onboarding process that eases users into trading. At the same time, its interface makes navigating the platform and managing crypto a seamless experience.Coinbase also features a comprehensive and accessible variety of learning materials. Users are encouraged to use these resources through the Coinbase Earn program, which teaches how to trade specific cryptocurrencies and rewards users with free crypto.

Best for Low Fees: Binance.US

Why we chose it: We chose Binance.US as the best crypto exchange for low fees because it features one of the most generous fee structures across all the trading platforms we considered.Binance is the world’s largest cryptocurrency exchange by trading volume, and its domestic counterpart, Binance.US, offers many of its parent company’s advantages. One of its biggest attractions is a competitive maximum 0.1% maker/taker fee. This fee starts low and keeps getting lower as your trading volume increases.

Best for Security: Crypto.com

Most reputable crypto exchanges feature a solid cybersecurity infrastructure, but this is where Crypto.com really stands out. The exchange is ranked first in the Cybersecurity Ranking and CERtification Platform’s top 100 exchanges by cybersecurity rating.Crypto.com employs various techniques to keep users’ cryptos secure on its trading platform, including offline cold storage for all crypto, a regulated custodian bank account for traditional currency, and regular software peer-review. It also uses multi-factor identification with a password, biometric, email, phone, and authenticator verification.

Best for Earning Interest: BlockFi

The exchange’s main highlight is its BlockFi Interest Account, offering up to 9.5% APY as monthly compounding interest to crypto investors who store their assets in the account. The platform also lets users use existing bitcoin as collateral for a loan.In addition to its novel financial products, BlockFi also features an affordable fee structure and a strong cybersecurity infrastructure. The exchange charges spread fees and withdrawal fees, but no transaction fees for trading on its exchange. To keep your data secure, BlockFi uses tools such as two-factor authentication and allowlisting, which lets users ban withdrawals or restrict them to certain addresses to avoid theft.

Best Decentralized Exchange: Bisq

Crypto Exchanges

Why we chose it: We chose Bisq as the best decentralized exchange because it follows the ethos of Bitcoin best by maintaining an open-source platform that is completely decentralized without limiting currency support.Bisq doesn’t need a third party to conduct cryptocurrency transactions, nor does it require users to submit personal information to trade on the platform. It’s an excellent alternative for Bitcoin fans looking for a wide variety of coins to trade with, including altcoins like Cardano, XRP, and Dogecoin. In fact, it’s not typical for decentralized exchanges to support so many digital assets — and fiat currency.

Other crypto exchanges we considered

The following trading platforms are all excellent options, especially for newer traders. However, they are not dedicated crypto or bitcoin exchanges but primarily deal in other securities, like stocks and futures. We decided to list them separately for this reason.

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Categories
NFT

NFT Market Collapses Just As Square EnixSells Tomb Raider To Bet Big On Blockchain

You know what no one could ever have predicted?

NFT

That a market based on imaginary ownership of infinitely duplicable jpeg images might not be end-game, long-term sustainable. As The Wall Street Journal reports, the NFT market is “flatlining,” down 92 percent from last September. Which makes it just the most incredible time for Japanese publisher Square Enix, famed for properties like Final Fantasy, to sell off most of their Western-facing IP and studios to gamble on the batshit scheme.

blockchain market

Square Enix is intending to sell Crystal Dynamics, Eidos Montreal and Square Enix Montreal to the monolithic The Embracer Group, along with IPs for games like Deus Ex, Tomb Raider, Thief, and Legacy of Kain. Why? Because, to quote Squenix, “the Transaction enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.” Which is to say, its previously announced desire to milk the NFT/blockchain market.

NFT

feel like the most extraordinarily precise emblem of the 2020s. It’s all a glaringly obvious pile of bullshit. Companies are literally selling a line of code on what they call a blockchain, to repackage the extremely old idea of digital asset ownership as the next big investment you should get in on now while the going is good. You’ve been able to own things like video game skins for a long time, of course. Somehow, though, many of these companies are putting a lot of effort into pretending that you can now own a picture, and then pretending that in doing so the picture somehow becomes imbued with inherent worth—all given life by enough idiots clapping their hands and shouting how they believe in fairies.

If not, well, I’ve got these lovely jpegs of some bridges I could sell them.

NFTs were always going to be a bubble, and no doubt they’ll have little spikes, resurgences of interest with each new nonsensical twist, reaching nowhere near as high as 2021’s but allowing the True Believers to keep duping themselves and others for a while to come. But let’s hope that this news of a market collapse is finally enough to scare the games industry away from this ludicrous money pit. We’ve reached out to Square Enix to ask if the news has given them any pause.

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