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Ukraine stamp celebrates defiance of Moskva, NFT marks Medvedchuk capture – The Washington Post

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The sinking Thursday of the flagship of Russia’s Black Sea fleet has boosted Ukrainian morale — and sales of a postage stamp commemorating an earlier incident involving the cruiser — even as the Kremlin readies a fresh assault on the country’s east and south.
And in another instance underscoring continued defiance as the war grinds into an eighth week, an art studio in Lviv in western Ukraine is auctioning a non-fungible token (NFT) based on a mug shot of oligarch Viktor Medvedchuk, a friend of Russian President Vladimir Putin who was recaptured by Ukrainian authorities this week.
The sinking of the Russian cruiser Moskva came shortly after Ukraine’s national postal service released 1 million stamps depicting a Ukrainian fighter holding up a middle finger in front of the vessel. The “First Day” stamp was an interpretation of a Feb. 24 incident on Snake Island in which Ukrainian border guards reportedly told off the encroaching Moskva with colorful language as Russia launched its invasion.
As news emerged of the sinking of the Moskva — for which Ukrainian officials claimed responsibility — Ukrainians lined up outside a Kyiv post office in hope of snatching up the special stamp. Odessa’s governor and the Ukrainian military said a Ukrainian missile attack sank the Russian warship — an assertion backed by Washington — while Moscow blamed a combination of a fire and bad weather.
Ukrainian President Volodymyr Zelensky took to social media to promote the commemorative stamp and an envelope that bore the same image. He mocked the damaged vessel, telling people using the stamps to remember that the Moskva “always travels only in one direction” — downward.
Who is Viktor Medvedchuk, the pro-Russia mogul arrested in Ukraine?
Images of the disheveled and handcuffed mogul Medvedchuk have also circulated widely since his recapture. Medvedchuk, who has been charged with treason, escaped house arrest shortly after the invasion, according to Kyiv.
Artists from the M81 Studio retooled a post-capture photo of Medvedchuk into what they termed “Warhol-style” pop art. Proceeds from the sale of the “Kremlin agent Medvedchuk for sale” NFT, which was trading at roughly $320, will be used to support Ukraine’s defense efforts, the studio said.
“We are used to Medvedchuk being corrupt, but finally, he is being sold to benefit Ukraine, and not for his own enrichment,” it added.
Bertrand Malmendier, a member of Medvedchuk’s legal team, said in an email to The Washington Post that the oligarch faces political persecution in Ukraine and is now being used as “a scapegoat for the war.” The lawyer added that his team is concerned for Medvedchuk’s well-being and has written to the Ukrainian authorities to demand access.
Peter Bejger contributed to this report.
The latest: The weeks-long resistance in besieged Mariupol appeared to be cracking as Russian forces moved closer to capturing the seaside port city in southeastern Ukraine, with a Russian-imposed deadline for Ukrainian forces in the city to surrender passing early Sunday local time. Meanwhile, officials in the capital Kyiv and the western city of Lviv reported explosions Saturday. Moscow has withdrawn its forces from those regions to focus on eastern Ukraine, but airstrikes have continued.
The fight: Russian forces continue to mount sporadic attacks on civilian targets in a number of Ukrainian cities. Ukrainian prosecutors have been taking detailed testimony from victims to investigate Russian war crimes.
The weapons: Ukraine is making use of weapons such as Javelin antitank missiles and Switchblade “kamikaze” drones, provided by the United States and other allies. Russia has used an array of weapons against Ukraine, some of which have drawn the attention and concern of analysts.
In Russia: Putin has locked down the flow of information within Russia, where the war isn’t even being called a war. The last independent newsletter in Russia suspended its operations.
Photos: Post photographers have been on the ground from the very beginning of the war — here’s some of their most powerful work.
How you can help: Here are ways those in the U.S. can help support the Ukrainian people as well as what people around the world have been donating.
Read our full coverage of the Russia-Ukraine crisis. Are you on Telegram? Subscribe to our channel for updates and exclusive video.
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This Week's NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower – Markets and Prices Bitcoin News – Bitcoin News

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by Jamie Redman
Non-fungible token (NFT) sales this week dropped 10.88% lower than the week prior. Roughly $118.02 million worth of NFTs were sold this week compared to last week’s $132.43 million. Further, the top two NFT collections with the largest market capitalizations shed significant value during the past seven days. While Bored Ape Yacht Club’s market valuation lost 21.29%, Cryptopunks’ market cap slid by 19.18%.
NFTs had a lackluster week as sales and prices have followed in sync with falling crypto asset prices. Statistics show that a large number of NFT collections have lost considerable market value during the past week. For instance, metrics show that Bored Ape Yacht Club’s (BAYC) floor value on September 13, 2022, was $114,388 and today, the floor value is around $90,026. BAYC’s market valuation on September 13 was $1.14 billion and today it’s down 21.29% to $900.25 million.
Data shows that the second most expensive NFT floor value belonged to Cryptopunks on September 13, and that’s still the case today. However, the cheapest Cryptopunk last week was around $98,941, but today you can get one for $79,960. Cryptopunks’ market cap has nosedived 19.18% lower during the past week. The same can be said for a majority of blue chip NFT collections like PROOF Collective, Mutant Ape Yacht Club (MAYC), Castaways, and Doodles.
Seven-day statistics show that the BAYC NFT collection is the compilation with this week’s top sales, as $8,603,290 in trades were recorded. BAYC sales have increased by 17.33% and the second largest NFT collection in terms of weekly sales is RENGA. The RENGA NFT collection has managed to print $5,822,323 in seven-day sales, up 121.08% since last week. Overall, however, NFT sales across 17 blockchains monitored by cryptoslam.io are down 10.88% lower than last week.
This Week’s NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower
Ethereum (ETH) captured the top NFT sales and Solana (SOL) recorded the second largest number of digital collectible sales this week. Although, ETH-based NFT sales slipped 1.66% lower than last week with $79.05 million in seven-day sales. SOL-based NFT sales are down this week 42.11% lower than last week with $23.71 million. Both Flow and Immutable X saw an uptick in NFT sales. Flow NFT sales jumped 59.42% higher, and Immutable X NFT sales saw a significant 790.96% increase.
The top five most expensive NFTs sold this week all stemmed from the BAYC collection and include Bored Ape #441, Bored Ape #2897, Bored Ape #5733, Bored Ape #4179, and Bored Ape #1846. Bored Ape #441 sold for 351,000 DAI and Bored Ape #2897 sold for 215.38 ether or $296,404. Bored Ape #5733 was sold three days ago for 120 ether or $176,458, and Bored Ape #4179 sold for 123 ether or $176,307. Lastly, the fifth most expensive, Bored Ape #1846, was sold for 106 ether or $151,939 four days ago.
What do you think about this week’s NFT sales dropping more than 10% lower than last week’s sales? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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