Opera’s crypto browser launches a non-fungible token (NFT) minting feature. Now creating an NFT will be as easy as dragging and dropping an image in the browser. It will generate a basic smart contract and upload its content to a Blockchain. The company has partnered with Alteon Launchpad, a cloud-based ecosystem for creators, to power the NFT feature.
“Opera crypto browser is about exploring Web 3.0 privately and securely. With Alteon LaunchPad, we give users the opportunity to contribute freely to this ecosystem. Now our users will be able to create NFTs instantly and easily without platform usage fees, encouraging more people to explore the burgeoning NFT industry,” Susie Batt, Crypto Ecosystem Lead at Opera, said in a press release.
3AC Liquidation Saga
Three months after receiving permission from Singapore’s High Court to begin looking into the company’s assets, liquidators for Three Arrows Capital have seized about $35.6 million from the country’s bank accounts belonging to the defunct cryptocurrency hedge fund.
Teneo, a liquidation business ordered by a court in the British Virgin Islands, seized most of the money since Three Arrows crashed in July, leaving a $3.5 billion deficit in its wake. Liquidators have also collected $2.8 million in forced redemptions by investors, as well as an undefined amount of cryptocurrencies.
Alameda takes a hit due to FTX’s high leverage trading
Alameda Research suffered a $1 billion loss caused by FTX’s highly leveraged trading last year, Financial Times said in a report citing people with knowledge of the situation.
In early 2021, a customer’s leveraged bet on a little-known token called mobilecoin, which is used for payments in the messaging app Signal, sent it soaring from $6 to nearly $70 in a matter of seconds, exposing some holes in FTX’s financial reserves. In accordance Financial Timestraders used the position to borrow against it on FTX, which could have allowed them to take cash from the exchange.
Galaxy Digital acquires GK8
Galaxy Digital, a cryptocurrency-focused financial services firm, has won a bid to acquire GK8, a self-custody crypto platform, from insolvent crypto lender Celsius Network, Galaxy said in a press release on December 2, 2022.
Terms of the deal have not yet been disclosed, but Galaxy spokesman Michael Wursthorn claimed it was significantly lower than what Celsius paid a year ago. Celsius paid $115 million to acquire GK8 in November 2021.
Apple rejects latest Coinbase update
Apple has rejected the latest update to Coinbase’s Self-Custody Wallet app, to prevent iOS device users from sending non-fungible tokens (NFT). Coinbase Wallet said in a series of tweets that Apple wants the upgraded software to block the feature that allows users to transfer NFTs.
“You may have noticed that you can no longer send NFTs on Coinbase Wallet iOS. This is because Apple blocked our last app release until we disabled the feature,” Coinbase said in a tweet.
