What happened: On Tuesday a total of 5,205.00 Ether (CRYPTO: ETH) worth $8,628,487, based on the current value of Ethereum at time of publication ($1,657.73), was burned from Ethereum transactions.
Cryptocurrency exchange Binance’s NFT marketplace launched on Wednesday a product called Bicasso, which uses artificial intelligence to turn users' prompts into NFTs.
“You can turn your creative visions into NFTs with AI. Give it a try and show me what you make with it,” Binance CEO Changpeng Zhao tweeted.
Shiba Inu (CRYPTO: SHIB) was edging over 2% higher during Wednesday’s 24-hour trading session, in tandem with Bitcoin (CRYPTO: BTC), which was rising by about the same amount.
After the industry meltdown, U.S. payment giants Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) paused plans to forge new partnerships with crypto firms.
Shares of digital currency miner Marathon Digital Holdings Inc (NASDAQ: MARA) are falling in Tuesday’s after-hours session. The company was set to report fourth-quarter results after the bell but postponed the report earlier in the day after finding accounting errors.
The legend of Yuga Labs continues to grow in the non-fungible token space. The game “Dookey Dash” was played more than 7.5 million times by people who owned Sewer Pass NFTs, all competing for the legendary Dookey Dash Key. Only one person won and they have now sold the winning prize.
Former FTX engineering director Nishad Singh has agreed to plead guilty to criminal charges brought by U.S. prosecutors as part of an investigation into the inner circle of FTX founder Sam Bankman-Fried.