NFT market updates from Xillion.one: 7/15/22
Top 5 NFTs ($ Sales Rev):
1.Bored Ape Yacht Club #8602: 206.16K
2.Ringers #818: 201.22K
3.Otherdeed for Otherside #46309: 178.83K
4.CryptoPunk #1201: 177.64K
5.Otherdeed for Otherside #48352: 170.11K
Top 5 Marketplaces ($ Sales Volume):
3.Magic Eden: 1.95M
Embattled crypto lender Celsius files for bankruptcy protection
Crypto company Celsius has filed for Chapter 11 bankruptcy protection.
Earlier, CNBC reported the company’s lawyers were notifying individual U.S. state regulators of those plans, according to a source, who asked not to be named because the proceedings were private.
Celsius made headlines a month ago after freezing customer accounts, blaming “extreme market conditions” and joins a list of other high-profile crypto bankruptcies.
South African exchanges support regulatory decision of treating crypto as a financial asset
Earlier this week, the South African Reserve Bank (SARB) announced that it will bring regulatory rules to the crypto industry by early 2023.
Top South African cryptocurrency exchanges like Luno and VALR are all set to embrace new crypto regulations.
Some of the top crypto exchanges in South Africa have already been following KYC rules along with necessary Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) measures.
Maker DAO continues to outperform Compound
The DeFi space has some fierce rivals in its different categories ranging from DEXs such as Uniswap and SushiSwap to NFT marketplaces like OpenSea and Magic Eden.
MakerDAO -natively a CDP protocol- has found an audience in the lending market and is the biggest DeFi application with more than $7.6 billion locked on it.
However, MakerDAO as a lending protocol is performing better because the outstanding loans on the platform exceed that of Compound by a mile.
OpenSea Lays 20% Of Its Staff, While Rival LooksRare Says It’s Hiring More People
OpenSea’s co-founder Devin Finzer announces that they are laying off 20% of the OpenSea staff.
The firm will be helping its employees find new jobs and will also be offering them several benefits including a generous severance pay option.
OpenSea has joined the growing bandwagon of firms who have cited crypto winter as one of the reasons to lay their staff off.
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