Opera Crypto Browser Launches NFT Minting Feature, Alameda Takes A Hit For FTX’s High Leverage Trading

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Opera’s cryp­to brows­er is launch­ing a non-fun­gi­ble token (NFT) mint­ing fea­ture. Now, cre­at­ing an NFT will be as sim­ple as drag­ging and drop­ping a pic­ture on the brows­er. It will gen­er­ate a basic smart con­tract and upload the con­tent to a Blockchain. The com­pa­ny has part­nered with Alteon Launch­pad, a cloud-based eco-sys­tem for cre­ators, to pow­er the NFT feature.

“Opera cryp­to brows­er is all about explor­ing Web 3.0 pri­vate­ly and secure­ly. With Alteon Launch­Pad, we are giv­ing users the oppor­tu­ni­ty to con­tribute freely to this ecosys­tem. Now, our users will be able to cre­ate NFTs instant­ly and sim­ply with no plat­form usage fees, encour­ag­ing more peo­ple to explore the bur­geon­ing NFT indus­try,” Susie Batt, Cryp­to Ecosys­tem Lead at Opera, said in a press release.

The 3AC Liq­ui­da­tion Saga

Three months after receiv­ing per­mis­sion from Singapore’s High Court to start look­ing into the company’s assets, liq­uida­tors for Three Arrows Cap­i­tal have seized around $35.6 mil­lion from the country’s bank accounts belong­ing to the defunct cryp­tocur­ren­cy hedge fund.

Teneo, a liq­ui­da­tion busi­ness that was ordered by a British Vir­gin Islands court, seized most of the mon­ey since Three Arrows crashed in July, leav­ing a $3.5 bil­lion deficit in its after­math. Liq­uida­tors have also col­lect­ed $2.8 mil­lion in forced investor redemp­tions, as well as an unde­fined amount of cryptocurrencies.

Alame­da Takes A Hit Because Of FTX’s High Lever­age Trading 

Alame­da Research suf­fered a loss of $1 bil­lion caused by FTX’s high-lever­age trad­ing last year, Finan­cial Times said in a report cit­ing peo­ple with knowl­edge of the situation.

Ear­ly in 2021, a client’s lever­aged wager on a lit­tle-known token called mobile­coin, which is used for pay­ments in the mes­sag­ing app Sig­nal, caused it to soar from $6 to almost $70 with­in sec­onds, reveal­ing some holes in FTX’s finan­cial reserves. Accord­ing to Finan­cial Times, the traders used the posi­tion to bor­row against it on FTX, which could have allowed them to take cash from the exchange.

Galaxy Dig­i­tal Acquires GK8

Galaxy Dig­i­tal, a cryp­tocur­ren­cy-focused finan­cial-ser­vices firm, has won a bid to buy GK8, a self-cus­tody cryp­to plat­form, from insol­vent cryp­to lender Cel­sius Net­work, Galaxy said in a press release on Decem­ber 2, 2022.

The terms of the deal haven’t been dis­closed yet, but Galaxy spokesman Michael Wursthorn claimed it was sig­nif­i­cant­ly low­er than what Cel­sius paid a year ago. Cel­sius paid $115 mil­lion to acquire GK8 in Novem­ber 2021.

Apple Rejects Lat­est Coin­base Update

Apple has reject­ed the lat­est update of Coinbase’s Self-Cus­tody Wal­let App, to pre­vent iOS device users from send­ing non-fun­gi­ble tokens (NFTs). Coin­base Wal­let said in a series of tweets that Apple wants the upgrad­ed soft­ware to block the fea­ture that allows users to trans­mit NFTs.

“You might have noticed you can’t send NFTs on Coin­base Wal­let iOS any­more. This is because Apple blocked our last app release until we dis­abled the fea­ture,” Coin­base said in a Tweet.

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