How DeviantArt Aims to Clean Up the World of NFTs

The user-generated art website is launching a web-wide protocol designed to head off NFT piracy.

New video revives debate over Bored Ape Yacht Club's alleged 'racist' imagery

A new video examines the alleged racist and white supremacist symbols hidden in plain sight by Yuga Labs in its most popular NFT collection. A video released by investigative YouTuber Philip Rusnack, known as ‘Philion,’ has revived the debate over whether Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection employs racist imagery and white supremacist esotericism.In the hour-long video released June 20 on YouTube, Rusnack laid out his case, claiming that BAYC is “one massive alt-right inside joke” using language, symbols, and memes from the anonymous image board website 4chan.He alleged the NFT images featured racist caricatures of Black and Asian peoples and drew comparisons between the symbology and language used by Yuga Labs and the BAYC with that used by the Nazis.For instance, an example widely used by supporters of the claims draws a comparison between the BAYC logo and the Nazi Totenkopf symbol used by the SS Panzer Division in World War II.BAYC logo (left) alongside the Totenkopf (middle) symbol with an overlay (right) to present the similarities.

Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market. Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn.Babel Finance officially announced June 17 a temporary suspension of redemptions and withdrawals from its products, citing “unusual liquidity pressures.”“Recently, the crypto market has seen major fluctuations, and some institutions in the industry have experienced conductive risk events,” the statement on Babel Finance's website reads.The firm said that it’s in close communication with “all related parties” on the matter and is doing its best in order to best protect its customers.Founded in 2018, Babel Finance is a major cryptocurrency financial services provider, offering crypto lending, asset management and financing services to institutional investors.

Responsible Bitcoin Miner CCU Honors Satoshi Nakamoto Changes Name to SATO Technologies To Coincide With Existing Ticker TSX.V:SATO

June 14, 2022 – Toronto, Canada SATO unveils rebrand with launch of new name and website.

Bitcoin Miner CCU Honors Satoshi Nakamoto Changes Name to SATO Technologies

PRESS RELEASE – Toronto, Canada, 14th June 2022] SATO Unveils Rebrand With Launch Of New Name And Website SATO Technologies Corp.

Binance resumes withdrawals as many retail crypto investors monitor exchanges

Many social media users seem to be waiting for other crypto exchanges, including Coinbase and Kraken, to follow in Binance's and Celsius' footsteps by suspending withdrawals. Major crypto exchange Binance has announced that it had resumed Bitcoin withdrawals after more than three hours amid extreme market volatility. In an update during what many are calling cryptocurrency’s "Black Monday," Binance said on its website the exchange would be processing Bitcoin (BTC) network withdrawals within “the next couple of hours” following the resumption of activity.

Alibaba Cloud launches NFT solution… then quickly memory holes it

The firm’s NFT marketplace solution included “web hosting, digital marketing & content delivery” infrastructure, but is no longer listed on its website despite still showing up in Google search results.

After Various Token Sale Rounds, ‘MetaFi’ Platform Choise.com Will List CHO Token on Popular Exchanges

According to information on the Choise.com website, after successfully completing token sale rounds, the company will proceed to the TGE (token generation event) stage.

Nifty News: Prada launches new fashion NFT, P2E games witness growth in India

Prada Timecapsule is set to launch on Thursday, Eurovision Winners Kalush Orchestra raised 50 ETH for Ukraine, P2E games see a rise in developing regions, and RTFKT's Loot Pod winners were announced. Following its initial foray into the nonfungible token (NFT) space with the Adidas for Prada re-source project in partnership with digital artist Zach Lieberman and SuperRare, iconic fashion brand Prada has now announced its first independent NFT collection accompanying the Prada Timecapsule.An online event hosted on the first Thursday of every month, Prada Timecapsule has, since December 2019, opened up exclusive access to clothing items on its website for 24 hours.