A catastrophic cryptocurrency crash, which many considered the largest in history, occurred after UST, an algorithmic stablecoin designed to hold a value of $1, fell to around $0.10 . The value of its sister currency, Luna, fell from around $90 to $0.0002. This collapse simultaneously drove down the prices of virtually all major cryptocurrencies and … Read more
Last month, while strolling through the cavernous glass-ceiling rotunda of the British Museum, I wandered into the gift shop and saw something that made me do a double take. Amid the umbrellas and souvenir postcards was a sign suggesting “Visit our NFT store” and providing a QR code. Near the cloakroom line, I encountered display … Read more
NFTs don’t seem very healthy right now. On Sunday, just $52 million worth of non-fungible tokens were sold on OpenSea, the biggest marketplace for such commodities. This is the lowest one-day volume the platform has seen since December and a significant decline from April, when trading fell below $100 million on just a few occasions. … Read more