After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card collection’s floor value is now .49 ether or roughly $578.
Donald Trump once said in 2019 that he was not a fan of bitcoin (BTC), and today the former president has leveraged blockchain technology to release his NFT trading cards. The collection of 45,000 cards features images of Trump dressed as Superman, an astronaut, a cowboy, and many other designs. However, there’s been accusations that the team behind Trump’s NFTs used stock images from Shutterstock and left the Shutterstock watermarks on the NFT photos.
Half the people mocking Trump for selling NFTs today were silent when he was selling out our nation’s future through record inflation.
— Libertarian Party (@LPNational) December 15, 2022
Despite the claims, Trump’s NFT cards have been very popular and during the last 24 hours, cryptoslam.io stats show Trump’s collection is the second-largest in sales behind Bored Ape Yacht Club (BAYC). Trump NFT sales increased by 50.19% during the past 24 hours and there’s been $3,597,251 in sales. The $3.5 million in sales was across 4,749 transactions and 1,839 buyers and 2,155 sellers.
Good morning and Happy Saturday to everyone who agrees it's great that House DEMs introduced a bill to bar trump from office under the 14th Amendment, so he can spend more time selling ridiculous digital trump card NFTs.
— BrooklynDad_Defiant!☮️ (@mmpadellan) December 17, 2022
On Opensea, the current floor value for Trump’s NFT cards is around .49 ether or $578, which is more than 4x larger than the original $99 price when the sale launched. There’s roughly 15,811 Trump NFT owners and 35% are unique owners, according to Opensea metrics on Dec. 18, 2022. One user owns approximately 1,000 Trump NFT cards and is the largest holder of the entire collection. Some people have claimed the unknown Trump NFT owner with 1,000 cards is Donald Trump himself.
liberal NFT mfers seeing Trump Trading Card NFTs mooning pic.twitter.com/WOdU2vYmAY
— Ashley (@AshleyDCan) December 16, 2022
Of course, Trump’s NFT trading cards caused an outcry from left-leaning political pundits since the 45th U.S. president made his announcement. Current U.S. president Joe Biden mocked Trump in a tweet that says Biden “had some MAJOR ANNOUNCEMENTS the last couple of weeks,” using all capital letters like Trump. The left-leaning political commentator Lindy Li made fun of Trump’s NFT announcement as well, when she said:
Trump’s big announcement is that he’s selling NFTs. Melania’s big announcement was that she was selling a $185,000 NFT. Ivanka’s big announcement was to promote Goya beans. Don Jr’s big announcement was to sell $500 cameos. The most pathetic family to ever occupy the White House.
Other proponents of the left, like former New York Times (NYT) author, Kurt Eichenwald, tried to expose Trump’s NFT venture. Eichenwald published a blog post on his Substack that claims “Trump’s trading card grift is worse than you think.” Eichenwald found that shell companies are associated with a company called NFT International LLC. The former NYT columnist also linked the firm to some people with negative reputations but in the end, Eichenwald concludes that “none of this means that NFT International is crooked.”
What did you think about Donald Trump releasing his NFT collection? What do you think about the collection selling out? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card collection’s floor value is now .49 ether or roughly $578.
Donald Trump once said in 2019 that he was not a fan of bitcoin (BTC), and today the former president has leveraged blockchain technology to release his NFT trading cards. The collection of 45,000 cards features images of Trump dressed as Superman, an astronaut, a cowboy, and many other designs. However, there’s been accusations that the team behind Trump’s NFTs used stock images from Shutterstock and left the Shutterstock watermarks on the NFT photos.
Half the people mocking Trump for selling NFTs today were silent when he was selling out our nation’s future through record inflation.
— Libertarian Party (@LPNational) December 15, 2022
Despite the claims, Trump’s NFT cards have been very popular and during the last 24 hours, cryptoslam.io stats show Trump’s collection is the second-largest in sales behind Bored Ape Yacht Club (BAYC). Trump NFT sales increased by 50.19% during the past 24 hours and there’s been $3,597,251 in sales. The $3.5 million in sales was across 4,749 transactions and 1,839 buyers and 2,155 sellers.
Good morning and Happy Saturday to everyone who agrees it's great that House DEMs introduced a bill to bar trump from office under the 14th Amendment, so he can spend more time selling ridiculous digital trump card NFTs.
— BrooklynDad_Defiant!☮️ (@mmpadellan) December 17, 2022
On Opensea, the current floor value for Trump’s NFT cards is around .49 ether or $578, which is more than 4x larger than the original $99 price when the sale launched. There’s roughly 15,811 Trump NFT owners and 35% are unique owners, according to Opensea metrics on Dec. 18, 2022. One user owns approximately 1,000 Trump NFT cards and is the largest holder of the entire collection. Some people have claimed the unknown Trump NFT owner with 1,000 cards is Donald Trump himself.
liberal NFT mfers seeing Trump Trading Card NFTs mooning pic.twitter.com/WOdU2vYmAY
— Ashley (@AshleyDCan) December 16, 2022
Of course, Trump’s NFT trading cards caused an outcry from left-leaning political pundits since the 45th U.S. president made his announcement. Current U.S. president Joe Biden mocked Trump in a tweet that says Biden “had some MAJOR ANNOUNCEMENTS the last couple of weeks,” using all capital letters like Trump. The left-leaning political commentator Lindy Li made fun of Trump’s NFT announcement as well, when she said:
Trump’s big announcement is that he’s selling NFTs. Melania’s big announcement was that she was selling a $185,000 NFT. Ivanka’s big announcement was to promote Goya beans. Don Jr’s big announcement was to sell $500 cameos. The most pathetic family to ever occupy the White House.
Other proponents of the left, like former New York Times (NYT) author, Kurt Eichenwald, tried to expose Trump’s NFT venture. Eichenwald published a blog post on his Substack that claims “Trump’s trading card grift is worse than you think.” Eichenwald found that shell companies are associated with a company called NFT International LLC. The former NYT columnist also linked the firm to some people with negative reputations but in the end, Eichenwald concludes that “none of this means that NFT International is crooked.”
What did you think about Donald Trump releasing his NFT collection? What do you think about the collection selling out? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
Karl Sebastian Greenwood, a co-founder and operator of Onecoin, has pled guilty to his part in building the notorious crypto pyramid. The fake cryptocurrency’s “global master distributor” has been in custody since 2018 when he was arrested in Thailand and extradited to the United States.
Co-founder of Onecoin Karl Sebastian Greenwood pled guilty in Manhattan federal court to wire fraud and money laundering charges on Friday. As a result of misrepresentations made by him, the Ponzi scheme’s mastermind, ‘Cryptoqueen’ Ruja Ignatova, and others, victims from around the world, including the U.S., invested billions of dollars into the fraudulent platform.
In an announcement, the U.S. Attorney for the Southern District of New York Damian Williams pointed out that Greenwood, Ignatova and their co-conspirators ran Onecoin and claimed that a purported cryptocurrency with the same name would be the ‘Bitcoin killer.’ In reality, it was worthless, was never mined or based on blockchain, and its price was not determined by the market but set manually.
Greenwood, a citizen of Sweden and the United Kingdom, and Bulgarian-born German national Ignatova founded Onecoin in 2014. It operated as a global multi-level-marketing (MLM) network, the members of which were paid commissions for recruiting others. According to Onecoin’s promotional materials and records, over 3 million people invested more than $4 billion by the end of 2016.
Ignatova, who disappeared from the public eye in late 2017, is still at large and is wanted by Interpol, Europol, and the U.S. Federal Bureau of Investigation (FBI), which offers a $100,000 reward for information leading to her arrest. Her brother, Konstantin, was detained in Los Angeles in 2019, pleaded guilty and sought witness protection.
In August, media reports revealed that a British national accused of money laundering related to the Onecoin scam, Christopher Hamilton, had lost his bid to avoid extradition to the United States and would be handed over to U.S. authorities. In October, three Onecoin associates appeared in a German court to face charges of fraud and other crimes.
Greenwood, who was Onecoin’s “global master distributor,” was credited by Ignatova for the idea of marketing and selling the crypto through an MLM structure. District Judge Edgardo Ramos accepted his guilty plea and the sentencing is scheduled for April 5, 2023. The 45-year-old co-founder of Onecoin faces up to 20 years in prison on each of the counts against him.
Do you expect other members of Onecoin to face charges for their participation in the pyramid scheme? Share your thoughts on the subject in the comments section below.
Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Karl Sebastian Greenwood, a co-founder and operator of Onecoin, has pled guilty to his part in building the notorious crypto pyramid. The fake cryptocurrency’s “global master distributor” has been in custody since 2018 when he was arrested in Thailand and extradited to the United States.
Co-founder of Onecoin Karl Sebastian Greenwood pled guilty in Manhattan federal court to wire fraud and money laundering charges on Friday. As a result of misrepresentations made by him, the Ponzi scheme’s mastermind, ‘Cryptoqueen’ Ruja Ignatova, and others, victims from around the world, including the U.S., invested billions of dollars into the fraudulent platform.
In an announcement, the U.S. Attorney for the Southern District of New York Damian Williams pointed out that Greenwood, Ignatova and their co-conspirators ran Onecoin and claimed that a purported cryptocurrency with the same name would be the ‘Bitcoin killer.’ In reality, it was worthless, was never mined or based on blockchain, and its price was not determined by the market but set manually.
Greenwood, a citizen of Sweden and the United Kingdom, and Bulgarian-born German national Ignatova founded Onecoin in 2014. It operated as a global multi-level-marketing (MLM) network, the members of which were paid commissions for recruiting others. According to Onecoin’s promotional materials and records, over 3 million people invested more than $4 billion by the end of 2016.
Ignatova, who disappeared from the public eye in late 2017, is still at large and is wanted by Interpol, Europol, and the U.S. Federal Bureau of Investigation (FBI), which offers a $100,000 reward for information leading to her arrest. Her brother, Konstantin, was detained in Los Angeles in 2019, pleaded guilty and sought witness protection.
In August, media reports revealed that a British national accused of money laundering related to the Onecoin scam, Christopher Hamilton, had lost his bid to avoid extradition to the United States and would be handed over to U.S. authorities. In October, three Onecoin associates appeared in a German court to face charges of fraud and other crimes.
Greenwood, who was Onecoin’s “global master distributor,” was credited by Ignatova for the idea of marketing and selling the crypto through an MLM structure. District Judge Edgardo Ramos accepted his guilty plea and the sentencing is scheduled for April 5, 2023. The 45-year-old co-founder of Onecoin faces up to 20 years in prison on each of the counts against him.
Do you expect other members of Onecoin to face charges for their participation in the pyramid scheme? Share your thoughts on the subject in the comments section below.
Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
PRESS RELEASE. In December 2022, CoinEx will celebrate its fifth birthday. Since its inception, the crypto exchange has gone through bulls and bears and attracted over four million users across more than 200 countries and regions worldwide. For both CoinEx and the crypto space, the past five years have been extraordinary. In particular, this year, CoinEx launched an all-new brand slogan: Making Crypto Trading Easier.
The CoinEx team shared their views on the future development of crypto and the exchange.
During the past five years, the crypto industry has served more people. Although it is difficult to count the total number of crypto users, we can get a glimpse of the massive user base through on-chain activities. According to Etherscan.io, the number of Ethereum unique addresses barely exceeded one million back in 2017, and the number of daily transactions stood at about 50,000. Today, there are well above 200 million Ethereum unique addresses, with approximately one million transactions registered every day. On Ethereum, both the number of unique addresses and daily transactions have gone up twenty-fold. Additionally, five years ago, Ethereum was the only public chain with smart contracts that was widely adopted; right now, new public chains and Layer 2 also carry a huge number of transactions. Data from DefiLlama suggests that Ethereum accounted for roughly 95% of the TVL of the market in 2020, and that percentage has dropped to less than 60% in 2022. This indicates that crypto ecosystems have become more active and robust during the past five years, going far beyond the twenty-fold increase recorded by Ethereum.
Right now, crypto users are no longer concentrated in one region; they are everywhere. For instance, CoinEx’s user base spans over 200 countries and regions, covering most places in the world.
In recent years, crypto applications have also achieved fast progress. From DeFi through Play-to-Earn to Meme, new crypto attempts target the general public. It is noteworthy that on-chain data in DeFi is open to all, which mitigates the huge information gap in conventional finance. Following the boom of Play-to-Earn, some low-income groups were the first ones to profit, and every user can spend time earning rewards via the model. Meme coins are also a bottom-up culture that relates to global users.
As crypto technology advocates transparency and decentralization, the market is bound to serve more people, which will naturally expand the user base and market scale of crypto. Five years ago, crypto users were a small community of geeks, speculators, and crypto believers, but now, the industry is becoming a more public arena, as evidenced by its user base, market activity, geographical distribution, and wide adoption.
During the past five years, CoinEx, together with the market, has gone through a lot and witnessed many changes. For instance, a few years ago, CoinEx decided to build a global presence to provide services for users in more countries and regions, and to make the market more accessible. Today, the exchange has made its services available in 15 languages, covering most users worldwide. We have created a more enabling crypto trading environment for investors in different places, helping them benefit from crypto services freely and effortlessly.
In addition, we have achieved innovations on the product level. For instance, our team appreciates the innovative AMM mechanism in DeFi, which allows retail investors to provide effective liquidity while earning trading fees. As such, CoinEx became the first CEX to introduce AMM. Coupled with our order book model, the exchange’s AMM feature helps users earn passive income in the form of trading fee dividends.
Apart from market expansion and product functions, we have also worked hard on improving our webpage interactions, visual guides, token listing, and customer services. These efforts have made CoinEx much more user-friendly, which has always been our top priority. CoinEx strives to keep improving its products and user experiences to help more users worldwide complete each crypto transaction with ease.
The biggest problem with FTX is that the exchange lied to users and misused their funds, but that does not apply to all CEXs. CoinEx has promised that all cryptos will be 100% reserved from day one. We will never misuse the funds that users entrusted to us for any reason whatsoever and we make sure that all withdrawal requests are promptly processed. This is why CoinEx has always been able to respond to withdrawal requests on time.
We have never suffered any security breach during the past five years, making us one of the few zero-accident exchanges in the crypto space. We understand that security is of vital significance to exchanges, so CoinEx has adopted multiple security measures. In terms of platform security, we established a security committee, making sure that all technical upgrades and version updates are carried out in strict accordance with the relevant security procedures and criteria. Moreover, CoinEx regularly conducts stress tests and carries out security audits jointly with top blockchain security teams. Concerning asset security, CoinEx adopts the strategy of cold wallet plus multi-signature authentication, both of which are independently developed by our team, keeping user funds safe and secure.
As blockchain believers, we are convinced that openness and transparency, which represent the crypto spirit, will help the industry record healthy growth. As such, our team is working on reserve proofs based on the Merkle tree, which will be made fully available to all users. In the future, every CoinEx user will be able to clearly check their asset reserves.
In our view, solid technical capabilities and transparent records are the best way to ensure security. We promise to all our users that CoinEx is backed by strong asset reserves and sound cash flows, which allows us to process your regular withdrawals under all circumstances.
As the market becomes increasingly globalized and extensively adopted, countries are already preparing to introduce policies on crypto. That said, regulation does not equal suppression. We believe that reasonable oversight can protect users better. For instance, policies aiming to make the industry more compliant and transparent could prevent market manipulation and fraud. Therefore, as a global crypto exchange, CoinEx will respect national laws and regulations, safeguard the interests of our users, keep their funds safe, and provide secure, stable investment services for more global users planning to trade crypto.
We don’t believe that the crypto industry is less secure than conventional finance. Regulatory oversight is merely a way to protect users, not a cure-all. For instance, in the legacy financial system, users also suffer from fraud.
In the crypto market, on the other hand, transparent decentralized lending platforms are still fully solvent and running stable, despite the many incidents in 2022. Therefore, we believe that user assets will be kept safe and secure as long as crypto companies stay open and transparent.
It has always been our belief that decentralized crypto technology is born for the general public. It brings people a new financial market that’s open, free, and transparent. In this market, everyone has access to financial services.
Traditional financial services, on the other hand, are not accessible to all. Today, 1.7 billion people remain unbanked and are unable to get financial services from traditional institutions; however, 1 billion of those 1.7 billion people have mobile phones. This means that it will only take a few minutes for them to register a CoinEx account and own a crypto wallet, which will allow them to join a global investment market that’s worth hundreds of billions.
Although crypto technology is bringing us accessible finance, as a new invention, it comes with learning costs. For instance, asking a crypto beginner to use a DEX will only cause misunderstandings in the crypto industry. Furthermore, many crypto companies now focus on providing high-end traders with complicated services, which can be confusing to retail investors.
The way we see it, the industry should never go against its original motivations and become an inaccessible investment market with high costs. This is why CoinEx hopes to build a bridge linking users to the crypto world. We strive to become the gateway for users to the crypto space and help them trade crypto with ease. CoinEx provides easy-to-use crypto services for all potential crypto users who may have various language preferences, crypto understanding, and investment capacity, as evidenced by our belief in Making Crypto Trading Easier.
During the past five years, CoinEx has gained the trust and support of over four million users. In the next five years, we will remain grateful, strive to provide easy-to-use crypto trading services, and build a secure, fair and transparent investment environment.
We are fully aware that such ease of use is not achieved overnight. Rather, it takes continued efforts over the long term. In the future, CoinEx will keep on improving its products and services to meet the crypto demand of users from more countries and regions. Meanwhile, we will also optimize our product mechanisms, operating procedures, and visual guides to help all users spot the target function right away and trade/invest in crypto through the easiest steps. Furthermore, we will also adopt more solid security measures to honor our commitment to users.
We believe that as crypto becomes more widely adopted, the performance of blockchain infrastructures will progress, which will help the industry carry more users and large trading volumes. Meanwhile, the market will witness constant innovations, and there will be increasing new mechanisms and applications in categories including DeFi, GameFi, DAO, NFT, and Web3. Going forward, CoinEx will help more global users join the crypto space, seize market opportunities, and witness a fresh new crypto future together.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Image Credits: Shutterstock, Pixabay, Wiki Commons
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
Source From : News