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Auctionity makes record sale on its platform
A unique cryptocollectible was sold at auction on the Auctionity platform for more than 8 ETH. This sale took place on April 25 as part of a special event held during the Crypto Games Conference in Minsk.
The cryptocollectible, named Darta-Nyan, is the only musketeer Blockchain Cutie in existence and was created especially in honor of the latest collaboration between Auctionity and Blockchain Cuties Universe. The sale was animated on theAuctionity saleroom and broadcasted live at the Crypto Games Conference in Minsk. All the proceeds of this sale were given to the TeenGuru Project which helps teenagers from Belarus to acquire skills in the field of blockchain and new technology so they can become the new entrepreneurs of tomorrow. This sale is a concrete illustration of Auctionity’s potential and ended at 8.1 ETH, thus becoming a record sale on the platform.
Auctionity’s development is picking up speed. Recently, Auctionity collaborated with the Ethereum-based art platform KnownOrigin for the Creative Challenge, an event dedicated to digital art in the form of non-fungible tokens (NFTs). Through this challenge, eight artworks were selected and then auctioned on the Auctionity saleroom. The winner of the challenge, an artwork called Structure of Reality and created by Barabeke, was sold for 0,95 ETH.
Including this new category in the saleroom is a big step forward for Auctionity. This choice proves that art does have its place in the world of blockchain technology.
Following the success of Darta-Nyan’s sale during the Crypto Games Conference, Auctionity has decided to strengthen its partnership with KnownOrigin by holding a similar auction during the International Digital Art Festival, which will take place on the 26th of June. The auction will happen live from the festival in Manchester but will be accessible from anywhere in the world as it will be broadcasted on the Auctionity saleroom.
Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively.
US dollar index retreats
Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.
The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points.
Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%.
At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital.
“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,” says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”
“The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…
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