Aurelia Butler

As stated in the official announcement, OpenSea redesigned the look and feel of its Profile and My Collections pages to make them easier to navigate. The platform expects the new design will put more focus on the community’s content. OpenSea added that technical stack upgrades will come as a part of the changes and make the user interface quicker and more responsive.The newly designed profile page will allow OpenSea’s users to highlight their favorite content and simplify the navigation between its subpages.
In the meantime, the updates on the Collection page include easier browsing and display of favorite creators’ content. Users may access any other NFTs a creator has made directly from their collection, OpenSea said.The NFT marketplace noted that it will release more design and user interface changes in the upcoming weeks.Crypto Space CriticalOpenSea’s latest updates were met with mixed feelings across the crypto community. While some were mostly complaining about the more difficult navigation, others criticized OpenSea for making changes for the sake of change, but not actually improving something that really matters, like stability and platform speed.OpenSea has been suffering stability issues and transaction delays for months after its lightning speed growth inspired by the global NFT frenzy. The popular NFT marketplace reported a 600-fold increase in transaction volume last year, however, simultaneously received numerous user complaints about lagging transactions and missing NFTs.Despite investments and partnerships with tech giants, the marketplace has been continuously blamed for paying too little attention to security incidents and endless scam projects available on its platform.Trading Volumes DeclineThe past month has been productive for OpenSea. Prior to its design and user interface update, the platform launched its “Seaport” NFT marketplace protocol, which will allow NFT buying by using alternative payment methods, like barter.Nevertheless, the platform’s NFT trading volumes are shrinking. According to DappRadar, the sales volume on the biggest NFT marketplace dropped by 44% during the past 30 days.In the meantime, the competing NFT marketplaces like NFTrade, Magic Eden, or MoonBeans show volume numbers moving in a different direction and three-digit numbers.Continue reading on DailyCoin More

For many sex workers, bitcoin is a way for them to reclaim their financial independence and it is almost turning into an industry standard.The US passed a federal law designed to eliminate online sex trafficking in 2018. The Fight Online Trafficking Act and Stop Enabling Sex Traffickers Act, or FOSTA – SESTA, meant that the owners of web sites could face criminal charges for content that promoted trafficking.This law was one of the reasons for the demise of Backpage, once the bastion of online ads for sex workers.Unfortunately, this law did not have the desired effect as it only drove the trade further underground and many sex workers resorted to working on the streets.Crypto allows sex workers do deal with the issue of chargebacks, in which a transaction is reversed when a customer claims they have been …Continue reading on CoinQuora More

Kwon’s revival plan for Terra involves hard forking the existing blockchain and reissuing LUNA tokens to existing investors based on a snapshot before the death spiral bled the LUNA and UST markets — effectively resulting in unrecoverable losses for investors.Continue Reading on Coin Telegraph More

According to a Twitter (NYSE:TWTR) post by WhaleStats from May 28, Fantom is one of the most used smart contracts among the top 500 ETH whales in the last 24 hours. The Twitter user mentioned other crypto like UNI, MANA, MATIC, BAT (LON:BATS), and AAVE in the list.This might have been driven by speculation that Andre Cronje, a well-known decentralized finance (DeFi) developer, is returning to the project. This comes after Cronje announced three months ago that he and his fellow developer, Anton Nell, will be leaving the crypto space for good.Cronje was also recently spotted working on BitHub working on fMint protocol, Fantom’s platform for minting fUSD, the blockchain’s native stablecoin which suffered a de-pegging over the last few weeks.Continue reading on CoinQuora More

In a Twitter (NYSE:TWTR) post on May 28, Wu Blockchain reflected on Terra 2.0 and the LUNA airdrop. The post stated ‘as part of the transition to Terra 2.0, LUNA coins will be airdropped to LUNC, USTC, and aUST holders based on the two snapshots outlined in the Terra Ecosystem Revival Plan. The calculation logic for the LUNA airdrop will be the subject of this post.”The amount of LUNA investors will be eligible to receive will be determined by the types of tokens they held on the Terra Classic chain, the time period that they held these tokens (based on the Pre- Attack and Post- Attack snapshots), and quantity of tokens held.Below are the airdrop ratios to determine the LU …Continue reading on CoinQuora More

Earlier in May, Terra founder Do Kwon explained that a potential solution to the Terra debacle is to absorb the stablecoin supply. In response to this, users proposed the burning of the 1 billion TerraUSD (UST) that was stored in Terra’s community pool and the remaining cross-chain UST that’s deployed on the Ethereum blockchain as incentives. Continue Reading on Coin Telegraph More

Three ​​Republican senators, Tom Cotton, Mike Braun and Marco Rubio, introduced a bill on Wednesday, aiming to limit the use of China’s central bank digital currency (CBDC) in the United States.Continue Reading on Coin Telegraph More

In one of its daily QuickTake market updates on May 27, on-chain analytics platform CryptoQuant highlighted increasingly bearish whale behavior.Continue Reading on Coin Telegraph More