This Week’s NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower
Non-fungible token (NFT) sales this week dropped 10.88% lower than the week prior. Roughly $118.02 million worth of NFTs were sold this week compared to last week’s $132.43 million. Further, the top two NFT collections with the largest market capitalizations shed significant value during the past seven days. While Bored Ape Yacht Club’s market valuation lost 21.29%, Cryptopunks’ market cap slid by 19.18%. NFT Sales and Prices Nosedive...
Web3 Game Platform Iskra Raises $40M, Partners with Gate․io for Token Generation Event
PRESS RELEASE. Iskra, a web3 community game platform that raised $40M from Korean tech giants Krust, Wemade, Netmarble, LINE Studio and others, plans to hold its first Token Generation Event (TGE) on global exchange Gate.io. The TGE is scheduled for Thursday, September 29, 2022, at 9:00 am UTC. This TGE is one of the project’s significant milestones, and is proud to partner with an exchange like Gate.io to establish its ISK token...
Indian Government Working on How GST Tax Could Be Applied to Crypto
India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal system is the prerequisite for the decision on the GST rate,” a source told local media. India’s Goods and Services Tax Could Soon Apply to Crypto Transactions India’s finance ministry is reportedly working on a comprehensive goods and services...
Teen Sued By Bungie Over Cheats & Threats Comes Out Fighting
This July at a Washington district court, Destiny 2 developer Bungie filed the latest in a growing list of lawsuits aimed at curtailing cheating in its online games. Bungie’s complaint alleged that the user behind the Twitter handle ‘@inkcel‘ regularly live streamed himself using third party copyright-violating cheats in Destiny 2 that give cheaters an unfair advantage over regular players. Bungie had plenty of other complaints too....
Earthlink Reaches ‘Tentative’ Settlement with Filmmakers to End Piracy Liability Lawsuit
A group of litigious filmmakers, headed by Voltage Pictures, is pulling out all the stops to hold Internet providers liable for pirating customers. The movie companies own the rights to well-known movies such as “Ava”, “I Feel Pretty” and “The Cobbler”, which are publicly shared via BitTorrent. The lawsuits aim to deter this activity. This month, the filmmakers went after AT&T, Comcast, and Verizon, accusing the companies of...
