Opera’s Crypto browser has made it easier to produce non-fungible tokens (NFTs). Through a simple drag and drop, users can generate a smart contract and upload the content to a blockchain network. The company has partnered with Alteon Launchpad, a cloud-based platform built for creators, to power the feature.
“The Opera Crypto Browser is all about exploring Web 3.0 privately and securely. With Alteon Launchpad, we give users the opportunity to actively contribute to this ecosystem. Now our users will be able to generate NFTs quickly and without any platform usage fees, helping to encourage more people to explore the flourishing NFT sector,” Susie Batt, Crypto Ecosystem Leader at Opera, expressed in a press release.
3AC liquidation saga
The Singapore High Court is yet to grant permission to commence investigations into the assets of the company Three Arrows Capital. The bank accounts of the deceased were frozen by liquidators for $35.6 million Singapore Hedge fund. cryptocurrencies. Teneo, a court-ordered liquidator in the British Virgin Islands, has since taken control of most of the funds. As a result of the seizure in July, there was a deficit of $3.5 Billion. Additionally, liquidators were able to get hold of $2.8 Million in forced payouts from investors and an unknown amount of cryptocurrency.
Alameda High leverage FTX trading leads to massive losses
According to a report from the Financial Times, Alameda Research’s high-leverage FTX trading resulted in a loss of $1 billion. Sources familiar with the matter reported that customers placed a leveraged bet on mobilecoin, a lesser-known token used for payment on the blockchain. The explosive increase in price of the token, from $6 to nearly $70 in seconds, exposed some financial flaws. FTX facilitated the traders to borrow against their position to obtain cash.
Galaxy Digital GK8 acquisition
Galaxy Digital, a financial services firm focused on cryptocurrencies, was successful in its bid to acquire GK8, a self-custody cryptocurrency platform, from the insolvent cryptocurrency lender Celsius Network. In a press release on Dec. 2, 2022, Galaxy reported that the terms of the deal are still to be revealed. A spokesman for Galaxy revealed that the amount paid was significantly lower than what Celsius paid one year ago. Celsius purchased GK8 for $115 Million back in November 2021.
Apple blocks Coinbase’s latest update
Apple has put a pause on the most recent update to Coinbase’s Self-Custody Wallet in order to prevent iOS users from transmitting non-fungible tokens (NFTs). The app is accessible, but the feature allowing users to send NFTs requires updated software. Coinbase tweeted that Apple blocked the latest app release until they disabled the feature.
“You may have noticed that you can no longer send NFTs in Coinbase Wallet iOS. This is because Apple blocked our latest app release until we disabled the feature,” Coinbase stated in a tweet.