An expensive Ethereum NFT, CryptoPunk #8611, was purchased for approximately $95,000 and later burned, symbolically tied to a Bitcoin NFT-like asset.

The decision to destroy CryptoPunk #8611 was led by the community, involving Wolf Capital Developer Nathan Stein and Bitcoin Bandits holders. Around 150 people contributed to the effort.

CryptoPunk #8611, a high-priced NFT, was permanently removed from circulation, creating a connection to an inscription on a Bitcoin NFT-like asset, with the community actively participating in the initiative.

Shares of Silvergate Capital Corp (SI.N) fell as much as 11% after the bank suspended its crypto payments network and expressed doubts over the viability of its business. The stock closed the volatile session 6.4% lower at $5.40, after wild swings between gains and losses through the day. Several crypto stocks also closed in negative territory. Crypto lending peer Signature Bank (SBNY.O) was down 2.5%. BTC mining machine makers Ebang International and Canaan Inc (CAN.O) dropped 2.8% and 8.4%, respectively. BTC buyer MicroStrategy (MSTR.O) declined 3.8% and exchange Coinbase Global (COIN.O) slipped 2.7%. #Stoccoin #Silvergate #Crypto #BTC https://www.instagram.com/p/Cpfq8bKvnxa/?igshid=NGJjMDIxMWI=

Uniswap Labs, which backs the top decentralized exchange (DEX) on Ethereum, is planning to launch a mobile crypto wallet for iPhone users, but Apple (AAPL) seems to have other ideas. (@apple) “Apple won’t yet green-light our launch and we don’t know why – we’ve responded to their concerns, answered every question and reiterated that we are 100% compliant with their specifications,” a spokesperson for Uniswap Labs told CoinDesk. The unexplained delay may add to Apple’s perception as a hardline gatekeeper in regulating the crypto world’s access to iOS, its mobile software ecosystem. The iPhone maker has refused to adapt its commerce policies to accommodate some crypto companies and also bans crypto trading apps that don’t use an “approved exchange.” #Stoccoin #Uniswap #Apple https://www.instagram.com/p/CpaUZCDPyaw/?igshid=NGJjMDIxMWI=

The promoters of Adani Group sold shares worth Rs 15,446 crore in four listed entities to GQG Partners, a US-based global equity investment boutique firm. The promoters plan to use the proceeds to retire debt and for other corporate purposes. The promoters sold shares in Adani Enterprises worth Rs 5,460 crore, and shares worth Rs 5,282 crore in Adani Ports & SEZ. They also sold shares worth Rs 2,806 crore in Adani Green Energy and Rs 1,898 crore in electricity distributor Adani Transmission. Following the sale, shares of all Adani listed companies surged, with flagship Adani Enterprises shares closing 2.7 per cent up at Rs 1,607 a share. #Stoccoin #Adani #GQGPartners https://www.instagram.com/p/CpSxZsIPYsy/?igshid=NGJjMDIxMWI=

Argentina-based Ripio integrates Polygon as it seeks to launch its own B2B blockchain. In addition to integrating Ripio’s swap and wallet products, Polygon Labs will also assist Ripio as it seeks to build its own business-to-business blockchain. Last October, Polygon partnered with Latin American-based digital banking platform Nubank as the Brazilian fintech giant pursues the launch of its own cryptocurrency token Nucoin. #Stoccoin #Polygon #Rivio https://www.instagram.com/p/CpP8eONtR9b/?igshid=NGJjMDIxMWI=

Olectra Greentech's stock price surged more than 17 percent in the morning trade on after the company announced its partnership with Reliance Industries to develop hydrogen buses. The development of a fully carbon-free alternative to traditional public transport is a significant step towards achieving India's carbon-free hydrogen ambitions, and it could have a positive impact on the environment by reducing air pollution and emissions, the company said. Olectra's technical partnership with Reliance Industries is expected to accelerate the development of hydrogen-powered buses and offer the next-generation transport system to the Indian market. #Stoccoin #Reliance #Olectra https://www.instagram.com/p/CpLMFcvBpLu/?igshid=NGJjMDIxMWI=

Nadeam Nahas, 39, who was an assistant facilities director in Cohasset, pleaded not guilty in court. He is charged with fraudulent use of electricity and vandalising Cohasset High School, just outside Boston. Crypto is digital currency that can be "mined" through specialised computer processors. Because of the heavy computer calculations needed to verify transactions, such mining uses huge amounts of electricity. Authorities were first alerted to the possible crypto-mining operation in December 2021, said Cohasset Police Chief William Quigley in a statement to the BBC. Mr Quigley said the operation was being run from a remote crawl space that was discovered beneath Cohasset High School by its director of facilities. #Stoccoin #CryptoMining #Illegal https://www.instagram.com/p/CpHG3A0vNhg/?igshid=NGJjMDIxMWI=

Not many on the Dalal Street would have anticipated the fallout of Hindenburg Research January 24 report, which the Adani group said was triggered purely due to selfish motives, to be as severe as it has turned out for the group shares. Within a month of its publication by what was an unknown short-seller to Indian investors then, many of Adani group stocks including Adani Total Gas, Adani Green Energy and Adani Transmission were trading at their multi-year lows, with the group losing over $145 billion in wealth. #Stoccoin #Adani #Hindenburg https://www.instagram.com/p/CpDk_C9hF4s/?igshid=NGJjMDIxMWI=

The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto community members quickly fired back and expressed disagreement on Twitter. The IMF’s executive board recently endorsed a crypto asset policy framework that did not grant crypto assets an official currency or legal tender status. The executives agreed with the framework and highlighted that it’s a necessary move to safeguard monetary stability. #Stoccoin #IMF #Legal https://www.instagram.com/p/CpDD6b_h1cB/?igshid=NGJjMDIxMWI=

The UK has surpassed India as the world’s sixth-largest equity market for the first time in almost nine months as a weaker pound boosted the appeal of heavyweight exporters trading in London and Adani Group-led jitters weighed on stocks in Mumbai. The combined market capitalization of primary listings in the UK, excluding ETFs and ADRs, reached about $3.11 trillion on Tuesday, some $5.1 billion higher than their Indian equivalents, according to data compiled by Bloomberg. That hasn’t happened since May 29. #Stoccoin #India #UK #StockMarket https://www.instagram.com/p/CpCDrFxhNCt/?igshid=NGJjMDIxMWI=

Cryptocurrency exchange CoinEx has been sued by New York Attorney General Letitia James, who alleges the firm falsely represented itself as an exchange by failing to register as a securities and commodities broker-dealer in the state. A 38-page petition filed by James in the New York Supreme Court on Feb. 22 alleged CoinEx “engaged in repeated and persistent fraudulent practices” and violated the state’s Martin Act — considered one of the most strict anti-fraud and securities regulation laws in the United States. The Attorney General’s Office created a CoinEx account with a New York-based computer and internet address and alleged it was able to trade on the platform. #Stoccoin #CoinEx #NewYork https://www.instagram.com/p/CpAI2FEt_Fe/?igshid=NGJjMDIxMWI=

Billionaire Mukesh Ambani’s conglomerate will stream Indian Premier League cricket games for free, according to people familiar with the matter, using its exclusive rights to one of the world’s most-watched sporting events to challenge Walt Disney Co. and Amazon.com Inc. in India’s booming media market. Viacom18 Media Pvt., the joint venture between Paramount Global and Ambani’s conglomerate Reliance Industries Ltd., licensed the IPL streaming rights last year for $2.7 billion, fending off competitors Disney and Sony Group Corp. Disney previously had those rights, and used them to drive subscribers to its streaming service, Disney Hotstar. #Stoccoin #JioCinema #MukeshAmbani #IPL #Hotstar https://www.instagram.com/p/Co9L_nKvTcx/?igshid=NGJjMDIxMWI=

Conflux Network's CFX price has surged by 1,335% YTD, reaching $0.3254, its highest level in 14 months. This makes it one of the top-performing cryptocurrencies in 2023, outpacing the market capitalization of crypto assets. The surge in CFX's price can be attributed to its strong fundamentals, including a regulatory-compliant, public and permissionless blockchain, and a hybrid proof-of-work and proof-of-stake mechanism. Additionally, its recent partnership with Little Red Book has opened up access to its services to 200 million users. #Stoccoin #CFX #Pump https://www.instagram.com/p/Co7UkJbPWcu/?igshid=NGJjMDIxMWI=

The combined market value of Adani group shares plunged below $100 billion following a scathing report by a US short-seller. (@adanionline) The ports-to-power conglomerate has lost more than $135 billion in market capitalisation since January 24 when a Hindenburg Research report accused it of accounting fraud and stock manipulation that Adani Group denied repeatedly. The $135-billion loss marks a significant drop from the conglomerate's peak market capitalization in September 2022, taking the total erosion beyond $200 billion. #Stoccoin #AdaniGroup #Hindenburg #Adani https://www.instagram.com/p/Co6cht2vEL5/?igshid=NGJjMDIxMWI=

Cameron Winklevoss's statement about the next bull run in crypto starting in Asia has some merit, given the growth of the cryptocurrency market in Central & Southern Asia and Oceania. (@gemini, @winklevoss) The region has emerged as a major player in the crypto space, with countries like Vietnam, the Philippines, and India featuring prominently in the 2022 Chainalysis index. The huge cryptocurrency value received by citizens in these areas from July 2021 to June 2022 indicates a high level of adoption and interest in cryptocurrencies. #Stoccoin #BullRun #CameronWinklevoss #Gemini https://www.instagram.com/p/Co4VlBuhV-3/?igshid=NGJjMDIxMWI=

Indian billionaire Gautam Adani is implementing a range of measures aimed at clawing back market value following a short seller report that wiped $132bn from his empire. (@adanionline) Measures include the hiring of top crisis communication and legal teams, repayment of debt, expense reduction and scrapping an $850m coal plant purchase. The Adani Group, which denies allegations of accounting fraud and other governance lapses, is looking to calm investors and lenders following the Hindenburg Research report on 24 January. The conglomerate has also brought in communications advisors Kekst CNC to help repair its image. #Stoccoin #Adani #AdaniShares #Hindenburg https://www.instagram.com/p/Co3l-GqBBPt/?igshid=NGJjMDIxMWI=

The U.S. Securities and Exchange Commission has charged former NBA player Paul Pierce with violating anti-fraud and anti-touting rules by promoting the EthereumMax cryptocurrency. Pierce has agreed to settle the charges and pay $1.409 million in penalties. (@paulpierce) The SEC has charged the NFT star for touting EMAX tokens, cryptocurrencies sold by EthereumMax, on social media without disclosing the payment he received for the promotion and for making false and misleading statements regarding the token, according to a press release. The commission detailed that Pierce received more than $244,000 worth of EMAX tokens to promote the project on Twitter. On one special occasion, Pierce tweeted a screenshot of an account showing large holdings and profits without disclosing that it was not his own personal holdings. #Stoccoin #PaulPierce #EthereumMax https://www.instagram.com/p/Co17Bo2vorS/?igshid=NGJjMDIxMWI=