STEPN, as the leading Web 3.0 lifestyle app, has more than 5.7 million registered users. The company recently kicked off a thrilling two-year partnership with the Argentina Football Association (AFA), the current holder of the World Cup. The partnership to encourage more movement by rewarding it and engaging with hundreds...
Remember Pets.com? Webvan? Boo.com? Those names probably trigger a mix of nostalgia and schadenfreude for anyone who lived through the dot-com boom and bust. We were all naive enough to believe that the internet would revolutionize everything – and rather successfully, too. It wasn’t a smooth road paved with good...
Nike is in the midst of a $5 million class action lawsuit brought by unhappy buyers of its non-fungible tokens (NFTs). Yet the lawsuit goes on to claim that Nike’s hasty actions in shutting down the RTFKT platform voided huge swathes of properties, drastically plunging the market value of digital...
Token ATH! is following this fast-moving story. Kinney makes the case that this is a development that might most profoundly affect the NFT universe. Photo by 360b via Shutterstock Nike is facing a lawsuit claiming it engaged in misleading practices with its NFT sales. The central question: Could this be...
The NFT space has witnessed a curious trend: while some mainstream brands are exiting, crypto-native companies remain deeply invested. This divergence presents some critical questions concerning the future direction of NFTs and the path forward for these two diverging camps. Why are heavy-hitter industry-leaders like Nike and Starbucks retreating? What...
Gen Z, listen up. You're not crazy. You're not alone. Are you experiencing that grim realization in your heart? It’s what you feel when you find out another corporate behemoth is trying to get into your wallets with the latest cool tech. Nike’s alleged "rug pull" with RTFKT is just...
The class action lawsuit against Nike over its RTFKT NFT offerings is about much more than a legal dispute. It should act as a wake-up call for the entire digital asset market. While the headlines scream "rug pull," the underlying issues point to critical flaws in how we approach NFTs...
Meanwhile, the bankrupt cryptocurrency exchange FTX is increasing its stakes in its asset recovery efforts. Earlier this month, for instance, it took successful legal action against NFT Stars Limited and Kurosemi Inc., the operator of the Delysium platform. These types of lawsuits concentrate on claims that each company failed to...
By all accounts, FTX is hoping to sue NFT Star and Delysium to get back millions of dollars in tokens. The cryptocurrency exchange, currently embroiled in bankruptcy proceedings, has repeatedly attempted to reclaim these assets before turning to the courts. The legal actions, reported on April 28, aim to ensure...
The aftershocks of FTX’s sudden collapse have left the entire crypto world in constant chaos. Continuing on this path, most notably is the recent tide of lawsuits, all aimed at reaping lost treasures. FTX, along with the FTX Recovery Trust, has initiated legal action against NFT Stars Limited, KUROSEMI INC.,...
Bitcoin’s dominance — its share of the total cryptocurrency market cap — is one of the most important technical indicators that so-called “smart money” investors follow. Bitcoin dominance (BTC.D) is the ratio of Bitcoin’s market cap compared to the total market cap of all cryptocurrencies. An increased Bitcoin dominance indicates...
The crypto world is at a crossroads. You’re hearing it from everyone, especially those with old school interests, that Bitcoin dominance is not just going to happen, but that it should be that way. That all altcoins are just “shitcoins” that will eventually disappear. They preach a gospel of digital...
You’ve probably fallen victim to the sexy siren song of the altcoin. They promise high, often unimaginable returns and advertise themselves as the new innovation that will dethrone Bitcoin. Are these just pie in the cybersky? I’m here to explain to you why, for the overwhelming majority of you, they’re...
BTC Dominance Bitcoin’s dominance (BTC.D) continues its bullish run, suggesting a market imbalance in favor of Bitcoin over other crypto competitors. Bitcoin’s dominance of the overall crypto market has gone through the roof. Now it’s getting closer to that truly awe inspiring 75% threshold, a percentage we haven’t achieved in...
XRP is one digital asset that’s gotten the attention of many investors, experienced and inexperienced. It has taken its hits in the crypto world. After a recent 30% decrease, XRP investors are looking for the catalyst that will allow the asset to dance towards the $1.00 mark and beyond. Hiroshi...
Ouch. That 30% plunge since January really hurts the most right now, am I right? Particularly for all of us who invested in XRP expecting a quick moonshot. Why did that 63% chance of reaching an all-time high in 2025 nosedive to just 39%? Yeah, that's a gut punch. We're...
It's been a wild ride, hasn't it? The last four-plus months have passed like a whirlwind. With legs-shaking ascents and gut-twisting descents, a new generation is starting to wonder whether the heyday is over. Since the start of this year, prices have dropped 30%. Now, they stand at about $2.31,...
This is the test. Is Bitcoin truly the people’s currency, or simply a virtual playground for the already wealthy? As analysts whisper about a potentially sluggish Q3 for Bitcoin, with retail investors salivating for a new all-time high that may never materialize this summer, a more uncomfortable truth is bubbling...