Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume tripling between October and November, Bloomberg News reported Sunday (Jan. 14), citing data from CryptoSlam. As that report notes, NFTs...
The head of NFT marketplace OpenSea is trying to distance his company’s products from cryptocurrencies. In an interview with the Financial Times (FT) published Thursday (Dec. 29), Devin Finzer, OpenSea’s chief executive, cautioned regulators in their approach to his industry. “It is really important that...
Tech investor Tiger Global Management has reportedly slashed the value of its private funds by nearly 25% this year, leading to one of the industry’s largest-ever declines in assets at $42 billion. That’s according to a recent report by Bloomberg News, which says that Stripe,...
The chief financial officers (CFOs) of a number of the largest companies in the U.S. have stepped down recently, a trend happening as America’s corporations face continued pressure from rising inflation. As The Wall Street Journal (WSJ) noted in a report Sunday (Oct. 23), autumn...
August 28, 2024
Cryptocurrency marketplace OpenSea could be the target of a regulatory investigation. Devin Finzer, the company’s CEO, posted on social platform X Wednesday (Aug. 28) that the Securities and Exchange Commission (SEC) issued a Wells notice against OpenSea. Wells notices are not formal charges or lawsuits but traditionally one of the final steps before the SEC […]
January 14, 2024
Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume tripling between October and November,...
December 29, 2022
The head of NFT marketplace OpenSea is trying to distance his company’s products from cryptocurrencies. In an interview with the Financial Times (FT) published Thursday (Dec. 29), Devin Finzer, OpenSea’s...
November 27, 2022
Tech investor Tiger Global Management has reportedly slashed the value of its private funds by nearly 25% this year, leading to one of the industry’s largest-ever declines in assets at...
