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SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it…

Continue ReadingSEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

Weekend Wrap: Bitcoin could return to $10K, warns McGlone, Aptos buddies with Lotte and more

Bloomberg Intelligence’s Mike McGlone thinks we may be in for a "global economic reset" that could send Bitcoin down to $10,000.

Continue ReadingWeekend Wrap: Bitcoin could return to $10K, warns McGlone, Aptos buddies with Lotte and more

Weekend Wrap: $50M NFT platform shutters, OpenSea’s ‘HUGE mistake’ and more

The closing of NFT project Recur comes two years after it was valued at $333 million and had the backing of an Ethereum co-founder, the Winklevoss twins and Gary Vee.

Continue ReadingWeekend Wrap: $50M NFT platform shutters, OpenSea’s ‘HUGE mistake’ and more

Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’

The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due…

Continue ReadingOpensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’

Opensea CEO Dismisses $200 Million Hack Rumor, Claims Incident Was a Phishing Attack

Opensea co-founder and CEO, Devin Finzer, has denied rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. According to Finzer, an investigation…

Continue ReadingOpensea CEO Dismisses $200 Million Hack Rumor, Claims Incident Was a Phishing Attack

Opensea’s All-Time NFT Sales Volume Crosses $20 Billion

Data indicates the non-fungible token (NFT) marketplace Opensea has crossed $20 billion in all-time sales. The leading NFT marketplace has seen more than 1.2 million traders leverage the platform since…

Continue ReadingOpensea’s All-Time NFT Sales Volume Crosses $20 Billion