News
Ross Ulbricht’s auction of personal belongings fetched more than $1.8 million in Bitcoin, with standout items like his prison ID card and artwork drawing top bids.
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Auction News
An auction is public trade of different kinds of goods and assets. An auction is organized with rules set in advanced that can differ from auction to auction. Nevertheless, one common thing for every event like this is competition between potential buyers in order to find the winner of the auction. Competition is necessary, as initially the price for the displayed product is lower than its market price. As well as other things, cryptocurrency can be sold in an auction and BTC auctions are popular, as almost everybody can afford to buy them there. Usually, it is Bitcoin that had been confiscated from criminals and sold in a police or FBI Bitcoin auction. In 2016, there began a daily Gemini auction of Bitcoin for dollars, which the exchange platform launched.
- News
The pseudonymous co-founder of Dead Bruv, said the initiative was about trying to “make NFTs fun again” and was sparked by a joke that turned into a “lightbulb moment.”
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According to CoinGecko, Worldcoin currently has a market capitalization of approximately $792 million and a 494 million circulating supply.
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The actual sale amount was not disclosed, leading community members to speculate that the NFT was sold at a loss.
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The online event will occur at 7 pm UTC and end on Aug. 22.
3287 - Interview
Bitcoin artist “Nuro” recently inscribed his 3D neurogenerative artwork on a $2 million “epic sat” from the latest Bitcoin halving.
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The original scrawled sign was auctioned off by “Bitcoin Sign Guy” Christian Langalis for 16 BTC after apparently sitting in his sock drawer for years.
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CryptoPunk #7804 sold for 4,850 ETH, worth about $16.4 million, taking the record for the second-largest CryptoPunk NFT sale.
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After days of bidding, an anonymous user with a newly created wallet nabbed the NFT for 4,500 ETH.
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WAX co-founder William Quigley told Cointelegraph that despite the bear market, NFT technology remains promising.
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Art broker Sotheby’s has been named in the Bored Ape investors case against NFT company Yuga Labs, which said the new allegations are without merit and “opportunistic.“
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Sotheby’s new generative art program will record all of its sales exclusively on the Ethereum blockchain.
1310 - Newsletter
A project called “Ethscriptions” is bringing Bitcoin Ordinals-inspired inscriptions to the Ethereum blockchain.
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Su Zhu and Kyle Davies originally purchased ‘The Goose’ digital artwork in August 2021 for roughly $5.8 million in Ether.
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Data shows that the Bitcoin network has become the second-largest NFT chain by sales volume in the 30-day, 7-day and 24-hour metrics.
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