Author: EarlyMinter

EarlyMinter started 2017 as an NFT Calendar website and has since then emerged into one of the most frequently updated NFT and Crypto News website. Make sure to subscribe to our Newsletter to get the latest news and updates on the NFT and Crypto market.

Hotbit, a cryptocurrency exchange, announced Thursday that it had “suspended trading, deposit, withdrawal, and funding functions,” with no timetable for resumption. Hotbit advertisement image. Why did Hotbit had to suspend transactions? The company explained his decision: “A former Hotbit management employee who left in April this year was, unbeknownst to Hotbit, involved in a project in 2021 that law enforcement authorities now think is suspected of violating criminal laws. As a result, several Hotbit senior managers have been subpoenaed by law enforcement since the end of July and are assisting in the investigation. Furthermore, law enforcement has frozen some funds…

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Ripple Labs, the blockchain payments company behind XRP, may be interested in purchasing assets from the bankrupt cryptocurrency lending company Celsius. Image by: Cryptoativo.com.br Ripple labs interest in Celsius shows interest in growing the company! According to a company spokesperson, Ripple is “interested in learning about Celsius and its assets, and whether any of them could be relevant to our business.” When asked if Ripple intended to acquire Celsius fully, the spokesperson declined to comment. Following the news, CEL, Celsius’ native utility token, rose 23% on Wednesday. Celsius logo. Ripple has grown despite the crypto market turmoil, and the company…

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After receiving regulatory approval, global cryptocurrency exchange Crypto.com can now operate in South Korea. Crypto.com official image of the approval. A strategic acquisition! The exchange obtained an Electronic Financial Transaction Act and Virtual Asset Service Provider registration, as announced on the Crypto.com blog. They accomplished this by acquiring payment service provider PnLink Co. and virtual asset service provider OK-BIT Co. Kris Marszalek Co-founder and CEO of the exchange “We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of…

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Pederson’s Natural Farms, known worldwide for their humanely raised and Whole30-approved pork products, and Bacon Club NFT announced a collaboration to produce and distribute limited edition bacon to all Bacon Club NFT holders. Pederson’s Natural Farms logo. Pederson’s collaboration with Bacon Club NFT sets new milestones The collaboration connects the digital world of NFTs (blockchain-based digital collectibles) and the physical world of bacon. Therefore, the combination of Blockchain-based technologies from Bacon Club NFT and high-quality bacon from natural farms introduces fans to a new type of bacon. Bacon Club NFT. Furthermore, the collaboration with the farm will strengthen Bacon Club’s…

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NFT

World Table Tennis (WTT), the sport’s governing body’s events arm, announced Wednesday that it is pursuing Web3 initiatives in collaboration with non-fungible token startup NFT Tech to expand the game. Table tennis is the latest sport getting the crypto treatment. Table Tennis to make its entrance in the Web3! According to a press release shared with CoinDesk, the multiyear partnership will see WTT issue “digital collectibles, metaverse experiences, play-to-earn, and move-to-earn gaming.” WTT told CoinDesk that it hosts over 50 events per year. Ping Pong is not alone in the metaverse sports movement: all four major sports leagues in the…

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After a long wait, we’re finally here. The Ethereum 2.0 merge will take place approximately Sept 15-16th according to reports. Ethereum 2.0 The merge. The merge final tests! After completing the final test run for the network’s critical “Merge” upgrade, Ethereum briefly surpassed $1,900 today. https://twitter.com/BanklessHQ/status/1557753518282473472 Bankless.ETH report on schedule. The Goerli testnet Merge with the Prater testnet today was the last step before the network switched to Proof-of-Stake. Following a successful launch, it appears increasingly likely that the Merge will take place as planned in mid-September. Companies show support to the transition! Some of the most prominent cryptocurrency companies,…

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During a panel discussion at Korea Blockchain Week on August 2, European Union (EU) Advisor Peter Kerstens provided new insights into the EU’s efforts to create broad regulatory measures in the crypto and NFT spaces. According to Kerstens, NFT collections will be treated the same as cryptocurrencies under the Markets in Crypto-Assets (MiCA) law. European Union flags. EU’s decision will make NFT sellers classified as Crypto-asset service providers! With this new classification, EU citizens who want to sell an NFT collection will be classified as crypto-asset service providers (CASPs). As a result, they will need to obtain express authorization from…

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NFT

A Trippy Mega Mutant Bored Ape has sold for 2300 ETH ($3.91 million), making it one of the most significant Bored Ape NFT sales ever. The breathtaking transaction occurred on Tuesday night. The buyer @lior.eth is the new owner of Mutant Ape #30005. https://twitter.com/lior_eth/status/1557143262900666370 Lior_eth confirming the transaction happened on his Twitter account. A record breaker sale? Although we can’t find too much information on the chain, the transaction of the Trippy Mega Mutant Bored Ape #30005 is one of the biggest deals made in the collection. In reply to another thread on Twitter, Lior explained that the trade involved…

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According to a media report, Iran made the country’s first cryptocurrency payment this week with a US$10 million import order, which could be an option for the country to bypass broad trade embargoes. Iran flag. The struggle after sanctions! After years of economic sanctions, the Islamic State has been struggling financially. As a result, the country was forced to begin using cryptocurrency as a medium of exchange for its international trades. Iran used to be the Middle East’s leading economy, but it has recently fallen behind others. However, to boost the country’s international trade, the Ministry of Industry, Mine, and…

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The UK’s advertising watchdog has banned two advertisements for Arsenal Football Club’s crypto-based fan token scheme, claiming they misled fans about the risks of cryptocurrency investing. Arsenal official logo. According to the Advertising Standards Authority, the club failed to disclose that the value of investments in the tokens could fluctuate nor that the crypto assets were unregulated. The decision was the ASA’s second against Arsenal, who had filed an appeal against a previous decision last year. How does the Arsenal token system works? Arsenal’s fan token scheme allows fans to purchase non-fungible tokens through NFT company Socios, which grants them…

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