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Kraken to Shut Down NFT Marketplace Amid Industry Challenges
Kraken’s NFT Marketplace Closure Kraken’s NFT marketplace, introduced in 2022, allowed users to buy, sell, and trade digital collectibles without gas fees for transactions. However, as of November 27, 2024 , new listings and trades are disabled, and the trading platform will fully shut down by February 27, 2025 . Kraken attributed this move to its intent to reallocate resources towards other projects, including the development of innovative crypto solutions and expanding its token offerings . Image Source: Thomas S on X Why Is Kraken Shutting Down Its NFT Marketplace The NFT market has faced numerous challenges: Declining Trading Volume:...
Bitcoin Transaction Volume on Exchanges Hits $1.14B amid Market Turbulence
In addition to Bitcoin transactions reaching an all-time high of $1.14 billion, separate data from blockchain analytics firm Dune shows that activity on the network surged. Bitcoin (BTC) transactions on centralized exchanges have reached a new all-time high, despite the ongoing market turbulence that pushed the crypto asset back into the $50,000 range on Monday. According to data from Blockchain.com, US-based crypto exchanges processed a total of $1.14 billion worth of Bitcoin transactions as of August 6, which marks the end of the fourth Bitcoin halving cycle. During the event on April 20, miners’ rewards were reduced to 3.125 BTC....
BTC & Injective (INJ) Holders Focus on BlockDAG’s Team Announcement
BlockDAG Presale Surges as CEO Antony Turner, Former SwissOne Exec and Team Goes Public, Should BTC & INJ Holders Shift? Injective (INJ) holders are facing a volatile market with a significant 18.77% drop, sparking debates about the asset’s future. Meanwhile, Bitcoin maintains a stable Bitcoin support level at $66K, despite external economic pressures. Amid these dynamics, BlockDAG (BDAG ) has announced its leadership team, including CEO Antony Turner, whose blockchain expertise has been propelling the project forward. This strategic announcement has elevated BlockDAG as the top bullish crypto, capturing investor interest with a successful presale now over $62.8 million. The...