Crypto Roundup: Inflation, Refunds, Crisis Communications, NFTs, and Ethereum’s Lockup
The world of cryptocurrency has been buzzing with activity, with plenty of news to keep us all entertained. Here are some of the highlights from the past few days.
First up, Bitcoin and Ethereum saw some swings in their market value due to softer inflation reads. The two most popular cryptocurrencies saw a decline in their prices as inflationary pressures eased. However, it’s worth noting that crypto markets can be volatile, and these swings are not uncommon.
In other news, customers of BlockFi have been given some good news. A US judge has ruled that customers can be refunded $300 million from custodial wallets. This comes after the New Jersey Attorney General filed a lawsuit against BlockFi, alleging that the company had violated state securities laws. The ruling is a significant win for BlockFi and its customers.
Moving on to crisis communications, a recent article offered some top strategies for managing negative situations in the decentralized world of Web3. As the popularity of cryptocurrency grows, companies and individuals need to be prepared to deal with negative situations, such as hacks or scams. The article provided some practical advice on how to handle such situations.
In the world of NFTs, a rare Bored Ape NFT sold for a staggering $83,904 in ETH. The Bored Ape NFTs have become incredibly popular in recent months, with many collectors snapping them up. The high price paid for this particular NFT shows just how much some collectors are willing to pay for a rare and desirable piece.
Finally, Ethereum has entered uncharted territory, with its lockup skyrocketing. The total amount of Ethereum locked up in smart contracts has surpassed 10 million, which is a significant milestone. This trend is seen as a positive sign for the future of Ethereum, as it suggests that more people are using the network for various purposes.
In conclusion, the world of cryptocurrency continues to offer plenty of excitement and intrigue. From market swings to refunds and rare NFTs, there’s always something happening in this space. As the world becomes more interested in cryptocurrency, we can expect to see even more developments and innovations in the coming months and years.
