CryptoBlog n.2079
🇰🇷 Large South Korean Retailers Shut Down NFT Operations Several South Korean retailers including Lotte and Hyundai are shutting down their non-fungible token (NFT) operations “one after the other” in a major blow to the sector. Per Herald Kyungjae, Lotte Home Shopping, the e-commerce arm of the retail giant Lotte, is closing down its NFT trading platform.
CryptoBlog n.2078
The Moscow Stock Exchange has officially suspended trading in US Dollars and Euros following new sanctions imposed by the US. The updated US sanctions include: ⚫Moscow Stock Exchange ⚫Russian National Clearing Centre ⚫National Settlement Depository
CryptoBlog n.2077
🖼 Wu-Tang Clan's Secret 'Shaolin' Album Will Be Sold via $1 NFTs on Base In a curveball move, Pleasr, a crypto collective or DAO that collects objects of cultural relevance, announced on Thursday that it will soon begin selling encrypted, on-chain copies of “Once Upon a Time in Shaolin,” the one-of-a-kind Wu-Tang Clan record that Pleasr acquired in 2021 for $4 million. The encrypted album will be made available today via a dedicated website for $1, according to a press release shared with Decrypt. The NFTs will live on Base, the rising Ethereum layer-2 scaling network from Coinbase, and their distribution will be handled by Pleasr in collaboration with Privy, Crossmint, and Holograph.
CryptoBlog n.2075
Donald Trump has pledged to protect Bitcoin and its miners, meeting with top mining companies and emphasizing the importance of mining the remaining Bitcoin in the US for energy system stability. ⚫ Trump met with executives of Riot, Marathon, and CleanSpark, whose combined hashrate of 59.8 EH/s accounts for a quarter of the US's total hash power of 226.94 EH/s. ⚫ Bitcoin's total annual energy consumption is 146.8 TWh, less than the 164 TWh consumed by TVs and refrigerators in the US. ⚫ During his previous term, Trump auctioned over 10m acres of public land for energy exploration.