BitTrunks to sell world’s first NFT painted by elephants

BitTrunks Elephant NFT

As if the world of non-fungible tokens (NFTs) couldn’t get any more bizarre, you will soon be able to purchase digital paintings made by elephants.

BitTrunks, the newly formed NFT-branch of Elephant Art Online, will be debuting for auction the world’s first NFT painted by an elephant on OpenSea on 28 October.

The NFT, called the “Tree of Life”, was painted by a seven-year-old elephant named Tunwa at the Maetaeng Elephant Park and Clinic in Chiang Mai,...

EV Battery Tech to acquire CryptoPlug for EV crypto payments solution

EV Electric Vehicle Charging

EV Battery Tech, a Canadian battery solutions provider, is set to acquire cryptocurrency app developer CryptoPlug for £4.4 million.

Through CryptoPlug’s app, electric vehicle (EV) drivers will be able to make payments in crypto at EV Battery Tech’s charging station infrastructure.

Aside from payments, the app will also allow users to personalise their electric vehicle’s power requirements around existing infrastructure.

Whilst EV Battery Tech and its...

Sommelier raises £16.7m in Series A funding for automated DeFi protocol

Virtual Machine Graphic

Sommelier Finance, the Ethereum-based project designed to automate decentralised finance (DeFi) trading, has raised £16.7 million in its Series A funding round.

The round was led by Polychain Capital with participation from existing investor Alameda Ventures and new participation from Zola Ventures, Byzantine Ventures, Tendermint Ventures, Secure Ventures, D1 Ventures, and Ferngrove Ventures.

Sommelier was founded in 2020 by Zaki Manian, the former lead developer of...

Prepare your banking business for the future

The banking sector faces a moment of reckoning. Bitcoin is legal tender in El Salvador and accepted at outlets from Home Depot to Starbucks. Traditional banks face growing competition from specialists, digital challengers and non-bank brands. Branches are a thing of the past.

For banking management, this is much more than just a shift in market dynamics. The digitization forces currently at work threaten the very foundations of our finance and economy, creating the need for new...

Epic Games is “open” to blockchain games according to CEO

Epic Games' Fortnite

Video game publisher Epic Games has said it is “open” to games that feature blockchain technology or support cryptocurrency payments.

The company’s position follows Steam, its main competitor, announcing it would not be allowing games that use cryptocurrency or NFTs on its platform.

Whilst Epic’s CEO Tim Sweeney has said the company will not be supporting or publishing NFT-based games, it has differentiated itself from Steam in showing support for...

French central bank trials CBDC debt market system

Paris, France

The French central bank has completed a pilot of a blockchain-based CBDC designed for the country’s debt market.

The trial was led by Belgian financial services firm Euroclear using a system developed by US tech giant IBM.

After 10 months of testing and participation from more than 500 institutions in France the trial of a CBDC for government bond deals is now over.

BNP Paribas, Crédit Agricole CIB, HSBC and Société Générale were amongst some of the...

Elliptic raises £44m in Series C funding round

Analysis

Blockchain analytics firm Elliptic has raised £44.1 million in a Series C funding round.

The funding was led by cybersecurity-focused Evolution Equity Partners, with participation from Softbank Vision Fund 2 and an array of existing investors.

As part of Evolution Equity’s leading investment, Richard Seewald, founder and managing partner at the venture capital firm, has joined Elliptic's board of directors.

Founded in 2013 and headquartered in London,...

Huobi develops its asset storage offering with new ‘cloud wallet’

Wallet Storage

Huobi, the once Chinese crypto exchange that now operates globally, has launched a ‘cloud wallet’ designed to improve ease of access to digital asset management.

The new wallet feature removes the need for users to maintain their own private key through a third-party management system.

This not only simplifies wallet interaction but also removes the risk of owners forgetting or losing their private key, making their assets unretrievable.

The owner’s keys...

NFT sales at nearly £8bn in Q3 2021, up eightfold from Q2

Growth Visualisation

Global NFT sales reached £7.9 billion in the third quarter of 2021, an eightfold increase over the previous quarter.

This is according to data in the latest report from market tracker DappRadar, which highlights the accelerating frenzy for crypto-based assets.

In comparison, DappRadar recorded £885 million in NFT sales in Q1 and £958 million in Q2.

On OpenSea, the biggest NFT marketplace to date, £2.5 billion in sales were recorded in August alone –...

Phishing attack leaves at least 6,000 Coinbase accounts breached

Phishing

A suspected phishing attack has led to at least 6,000 of Coinbase’s users having cryptocurrency stolen from their accounts.

The Nasdaq-listed crypto exchange sent a breach notification letter to affected customers notifying them of the hack, which is believed who have taken place between March and 20 May this year.

The hackers gained access to users’ email addresses, passwords, and phone numbers, but Coinbase has said they cannot confirm how exactly this data was...